PAIR.TRADING

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0.0013431 UNI

BABY = 0.01233 USDT
UNI = 9.18 USDT

export 1d data

Derived series only: the ratio of the two legs and the spread z-score. Exchange candles are not included.

BABY / UNI ratio and spread

1 BABY = 0.0013431 UNI. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.220 and the correlation between the legs is 0.39.

Set an alert on this pair The spread z-score is -2.89 right now. Get a message when it reaches your level — instead of watching the chart.
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BABY is cheaper against UNI than in 0 % of the time over 1.5 years. If you hold UNI, this is worth a look at rotating into BABY.

Hedge ratio β 1.220
Spread z-score -2.89
Percentile, 1.5 y 0
Correlation 0.39
Half-life 85.7 1d
The spread is beyond −2σ: historically such a divergence closed in about 86 days.

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Key numbers

Current ratio0.00134314
Change 1d-2.74%
Change 7d-20.16%
Change 30d-53.47%
Period high0.0325542
Period low0.00131203
Hedge ratio β1.220
Spread z-score-2.89
Correlation0.39
Half-life86 d

over 532 daily candles

What the numbers say

The legs barely move together: correlation of daily log returns is only 0.39. A spread built on such a weak link reverts by coincidence rather than by mechanism.

The spread currently sits at -2.89 standard deviations from its rolling mean — BABY is cheap relative to UNI by the standards of this window.

Reversion is slow: the spread needs roughly 86 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 0% of the way from the low to the high of the last 532 daily candles.

Frequently asked

How many UNI is 1 BABY?

1 BABY is worth 0.00134314 UNI at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the BABY/UNI range?

Over the last 532 daily candles the ratio traded between 0.00131203 (19.09.2026) and 0.0325542 (12.04.2025).

Are BABY and UNI correlated?

The correlation of daily log returns between BABY and UNI is 0.39, 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/UNI spread z-score now?

The z-score is -2.89 — 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/UNI suitable for a pair trade?

Weakly. Correlation is only 0.39, 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.

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