PAIR.TRADING

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0.0082624 XRP

BABY = 0.01233 USDT
XRP = 1.4923 USDT

export 1d data

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

BABY / XRP ratio and spread

1 BABY = 0.0082624 XRP. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.668 and the correlation between the legs is 0.46.

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BABY is cheaper against XRP than in 5 % of the time over 1.5 years. If you hold XRP, this is worth a look at rotating into BABY.

Hedge ratio β 1.668
Spread z-score -2.02
Percentile, 1.5 y 5
Correlation 0.46
Half-life 36.8 1d
The spread is beyond −2σ: historically such a divergence closed in about 37 days.

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Key numbers

Current ratio0.00826241
Change 1d2.08%
Change 7d-1.12%
Change 30d-3.47%
Period high0.0831351
Period low0.00760045
Hedge ratio β1.668
Spread z-score-2.02
Correlation0.46
Half-life37 d

over 532 daily candles

What the numbers say

The legs move together only moderately — correlation of daily log returns is 0.46, with a hedge ratio of 1.67. Signals from this pair carry more noise than on a tightly linked one.

The spread currently sits at -2.02 standard deviations from its rolling mean — BABY is cheap relative to XRP by the standards of this window.

Reversion is slow: the spread needs roughly 37 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 532 daily candles.

Frequently asked

How many XRP is 1 BABY?

1 BABY is worth 0.00826241 XRP at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the BABY/XRP range?

Over the last 532 daily candles the ratio traded between 0.00760045 (22.08.2026) and 0.0831351 (12.04.2025).

Are BABY and XRP correlated?

The correlation of daily log returns between BABY and XRP is 0.46, which counts as a moderate 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/XRP spread z-score now?

The z-score is -2.02 — 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/XRP suitable for a pair trade?

The mechanics hold up: correlation is 0.46 and the spread historically covers half the way back to its mean in about 37 days. That is a description of past behaviour, not a forecast or a recommendation.

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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