BMT / LINK ratio and spread
1 BMT = 0.0018309 LINK. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.881 and the correlation between the legs is 0.31.
If you hold BMT · If you hold LINK
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Key numbers
over 584 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 0.31. A spread built on such a weak link reverts by coincidence rather than by mechanism.
The spread is at -0.31 standard deviations from its rolling mean, which is effectively at its own norm.
Reversion is slow: the spread needs roughly 32 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 3% of the way from the low to the high of the last 584 daily candles.
When this happened before
Divergences over 405 candles: 5. Closed by a return to the norm: 5. The median return took 9 days, the longest one 49 days.
The last closed one ran from 03.09.2026 to 22.10.2026, 49 days: peak z = -3.77, LINK was expensive against BMT.
For a holder this answers not “what to do” but “how long it usually took”: the median return is 9 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 03.09.2026 — 22.10.2026 | LINK | -3.77 | 49 d |
| 21.08.2026 — 25.08.2026 | LINK | -3.38 | 4 d |
| 09.08.2026 — 14.08.2026 | BMT | 8.09 | 5 d |
| 26.07.2026 — 04.08.2026 | LINK | -2.30 | 9 d |
| 01.02.2026 — 16.03.2026 | BMT | 4.08 | 43 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 LINK is 1 BMT?
1 BMT is worth 0.00183089 LINK at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the BMT/LINK range?
Over the last 584 daily candles the ratio traded between 0.00120221 (29.09.2026) and 0.0230952 (18.03.2025).
Are BMT and LINK correlated?
The correlation of daily log returns between BMT and LINK is 0.31, 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 BMT/LINK spread z-score now?
The z-score is -0.31 — 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 BMT/LINK suitable for a pair trade?
Weakly. Correlation is only 0.31, so the legs do not reliably move together and the spread carries mostly idiosyncratic noise.
How often do BMT and LINK diverge?
Over 405 daily candles the spread left ±2σ 5 times. The median return to the norm took 9 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.