BTC Kimchi Premium by alwc (KR Exchanges / BTCUSDT.P)

This indicator visualizes the Kimchi Premium of BTC using Korean spot exchanges and global BTCUSDT perpetual futures.

How it works

Uses BTC/KRW from a selected Korean exchange (Upbit or Bithumb).

Uses BTCUSDT.P perpetual futures from a selected global exchange (Binance / Bybit / OKX).

Uses USDKRW (default: FX_IDC:USDKRW) to convert USD price into KRW.

Kimchi Premium is calculated as:
BTC_KRW / (BTCUSDT.P * USDKRW) - 1 and plotted in %.

Features

Inputs to select:

Domestic exchange: Upbit or Bithumb

Foreign futures exchange: Binance, Bybit, or OKX

Custom USDKRW symbol

Shows the latest Kimchi Premium value as a label on the indicator panel.

Displays a table in the top-right corner with real-time USDT(KRW) prices on Upbit and Bithumb, helping you monitor both BTC Kimchi Premium and the KRW-USDT premium at a glance.

Pine Script v6. Designed for BTC Kimchi Premium monitoring and KR/Global spread analysis.