HWAN

Trade the kimchi premium

Go long if you think Friday's settlement will be above your price, short if below. Both sides lock their worst case up front, so nobody is ever liquidated.

Live kimchi premium

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Reading Upbit, Bithumb and the ECB rate.

Connecting to the price sources.

  • Upbit USDTReading
  • Bithumb USDTReading
  • ECB dollar rateReading

The last 200 days, inside the band

+0.51ppSat, 7 Nov 2026
Cap +5.00ppFloor −5.00pp

Wed, 22 Apr 2026 to today: lowest −3.09pp, highest +2.43pp. Daily points are Upbit's close against Kraken's dollar price of USDT and that day's ECB rate; the last point is the live index.

Your practice positions

To leave a position before its settlement, open the opposite side in the same series. Your result locks in at that moment, and the margin comes back to you when that series settles.

No positions yet. Pick a series and open a long or a short.

Take a side

Practice runs on a test chain with a practice wallet kept in this browser. A house maker quotes the live index plus or minus 0.10pp.

Practice wallet No USDC yet
Your pricepp
Long locks –Short locks –Live index reading. No offer to buy yet; yours would rest in the book.
Contracts
One contract moves $10.00 per 1pp of index. You can afford 0 at this price.
You lock
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Fee
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Most you can win
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Practice USDC
$0.00

How a series settles

Settlement = (Upbit 24h average + Bithumb 24h average) ÷ 2 ÷ ECB dollar rate of the expiry day − 1, in percentage points, clipped to −5.00pp … +5.00pp. Each 24h average is the mean of the 1,440 one-minute closes of USDT in won ending at expiry. Longs receive (settlement − floor) × $10.00 per contract per 1pp, shorts receive (cap − settlement) × $10.00.