PAIR.TRADING

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0.0296941 U

BANK = 0.0297 USDT
U = 1.0002 USDT

export 1d data

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

BANK / U ratio and spread

1 BANK = 0.0296941 U. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 158.012 and the correlation between the legs is 0.03.

Set an alert on this pair The spread z-score is -0.70 right now. Get a message when it reaches your level — instead of watching the chart.
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Hedge ratio β 158.012
Spread z-score -0.70
Correlation 0.03
Half-life 15.9 1d
The spread is within ±2σ — the pair is near its own norm.

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Key numbers

Current ratio0.0296941
Change 1d3.52%
Change 7d3.08%
Change 30d-19.51%
Period high0.594406
Period low0.0271891
Hedge ratio β158.012
Spread z-score-0.70
Correlation0.03
Half-life16 d

over 250 daily candles

What the numbers say

The legs barely move together: correlation of daily log returns is only 0.03. A spread built on such a weak link reverts by coincidence rather than by mechanism.

The spread is at -0.70 standard deviations from its rolling mean, which is effectively at its own norm.

Historically the spread covers half the way back to its mean in about 16 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 250 daily candles.

Frequently asked

How many U is 1 BANK?

1 BANK is worth 0.0296941 U at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the BANK/U range?

Over the last 250 daily candles the ratio traded between 0.0271891 (16.09.2026) and 0.594406 (27.07.2026).

Are BANK and U correlated?

The correlation of daily log returns between BANK and U is 0.03, 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 BANK/U spread z-score now?

The z-score is -0.70 — 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 BANK/U suitable for a pair trade?

Weakly. Correlation is only 0.03, 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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