ADA / ETH ratio and spread
1 ADA = 8.59E-5 ETH. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.894 and the correlation between the legs is 0.77.
If you hold ADA · If you hold ETH
ADA is cheaper against ETH than in 1 % of the time over 8.5 years. If you hold ETH, this is worth a look at rotating into ADA.
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Key numbers
over 3118 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The legs move closely together — correlation of daily log returns is 0.77. The fitted hedge ratio is 0.89, meaning roughly 0.89 units of ETH exposure balance one unit of ADA.
The spread is at -0.77 standard deviations from its rolling mean, which is effectively at its own norm.
Reversion is slow: the spread needs roughly 355 days to cover half the way back to its mean. A position would have to be held for a long time.
The current ratio sits near the bottom of its range — only 1% of the way from the low to the high of the last 3118 daily candles.
When this happened before
Divergences over 2939 candles: 18. Closed by a return to the norm: 18. The median return took 80 days, the longest one 240 days.
The last closed one ran from 13.04.2026 to 03.08.2026, 112 days: peak z = -2.98, ETH was expensive against ADA.
For a holder this answers not “what to do” but “how long it usually took”: the median return is 80 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 13.04.2026 — 03.08.2026 | ETH | -2.98 | 112 d |
| 25.06.2025 — 20.02.2026 | ETH | -2.37 | 240 d |
| 09.11.2024 — 09.05.2025 | ADA | 5.52 | 181 d |
| 27.04.2024 — 21.08.2024 | ETH | -2.34 | 116 d |
| 18.11.2023 — 21.02.2024 | ADA | 5.15 | 95 d |
A divergence here is the spread z-score leaving ±2σ; the return is the first value back inside ±0.5σ. Two thresholds rather than one: otherwise chatter right at the border would count as a dozen separate divergences. The first bars of the window are skipped — there z is computed on partial history.
Frequently asked
How many ETH is 1 ADA?
1 ADA is worth 0.000085878233386728 ETH at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the ADA/ETH range?
Over the last 3118 daily candles the ratio traded between 0.000080644189642362 (31.08.2026) and 0.000973185 (27.02.2021).
Are ADA and ETH correlated?
The correlation of daily log returns between ADA and ETH is 0.77, which counts as a strong link. Log returns are used rather than prices: two rising assets correlate almost by default, joint day-to-day movement is what matters.
What is the ADA/ETH spread z-score now?
The z-score is -0.77 — the spread is within its usual range. It measures how far the regression residual log(A) − β·log(B) sits from its rolling mean, in standard deviations.
Is ADA/ETH suitable for a pair trade?
The mechanics hold up: correlation is 0.77 and the spread historically covers half the way back to its mean in about 355 days. That is a description of past behaviour, not a forecast or a recommendation.
How often do ADA and ETH diverge?
Over 2939 daily candles the spread left ±2σ 18 times. The median return to the norm took 80 days.
Related pairs
Other pairs sharing a leg with this one.
All figures are computed from exchange data and describe past behaviour. Nothing here is investment advice.