BABY / RUNE ratio and spread
1 BABY = 0.0188978 RUNE. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.084 and the correlation between the legs is 0.32.
If you hold BABY · If you hold RUNE
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Key numbers
over 363 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The legs barely move together: correlation of daily log returns is only 0.32. A spread built on such a weak link reverts by coincidence rather than by mechanism.
The spread currently sits at -2.05 standard deviations from its rolling mean — BABY is cheap relative to RUNE by the standards of this window.
Historically the spread covers half the way back to its mean in about 12 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits near the bottom of its range — only 0% of the way from the low to the high of the last 363 daily candles.
Frequently asked
How many RUNE is 1 BABY?
1 BABY is worth 0.0188978 RUNE at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the BABY/RUNE range?
Over the last 363 daily candles the ratio traded between 0.0186527 (22.09.2026) and 0.0697838 (05.06.2026).
Are BABY and RUNE correlated?
The correlation of daily log returns between BABY and RUNE is 0.32, which counts as a weak 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 BABY/RUNE spread z-score now?
The z-score is -2.05 — the spread is stretched beyond two standard deviations. It measures how far the regression residual log(A) − β·log(B) sits from its rolling mean, in standard deviations.
Is BABY/RUNE suitable for a pair trade?
Weakly. Correlation is only 0.32, so the legs do not reliably move together and the spread carries mostly idiosyncratic noise.
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.