Question 1

What is the current Optimism (OP) kimchi premium?

Accepted Answer

The Optimism kimchi premium shows the price difference between OP on Korean exchanges (Upbit) vs global exchanges (Binance). This page tracks the real-time OP premium with auto-refresh every 15 seconds.

Question 2

How is OP Korea premium calculated?

Accepted Answer

OP Korea premium (%) = ((Upbit OP/KRW price) / (Binance OP/USDT price × USD/KRW exchange rate) - 1) × 100. A positive value means OP is more expensive on Korean exchanges.

Question 3

Why does Optimism have a different price on Korean exchanges?

Accepted Answer

Optimism prices on Korean exchanges like Upbit often differ from global prices due to strong domestic demand, capital movement restrictions, limited arbitrage opportunities, and the isolated nature of the Korean won (KRW) crypto market.

Question 4

Can I arbitrage OP between Upbit and Binance?

Accepted Answer

While the OP price difference exists, profitable arbitrage is difficult due to Korean capital controls, transfer times and fees, exchange withdrawal limits, and regulatory restrictions. The premium is better used as a market sentiment indicator.

Optimism (OP) Korea Premium

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