Markets · regional arb

Regional premiums

BTC / ETH price gaps between regional venues and the global (Binance USDT) reference. Coinbase = US · Upbit = Korea (the famous “kimchi premium”) · bitFlyer = Japan.

Binance, Coinbase +2|Loading…

Asset

Global · Binance

🇺🇸 Coinbase

🇰🇷 Upbit

🇯🇵 bitFlyer

How to read it: A positive Coinbase gap means US buyers are paying above global price — a classic institutional accumulation signal. A large positive Kimchi gap historically correlates with retail-driven Korean crypto manias. Gaps within ±0.1% are just FX / latency noise. Anything above ±0.5% is worth watching; ±1.5%+ is a genuine regional imbalance.