BMT / SOL ratio and spread
1 BMT = 0.0002074 SOL. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.872 and the correlation between the legs is 0.33.
If you hold BMT · If you hold SOL
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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 0.33. A spread built on such a weak link reverts by coincidence rather than by mechanism.
The spread is at 0.01 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 26 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits near the bottom of its range — only 2% of the way from the low to the high of the last 584 daily candles.
When this happened before
Divergences over 405 candles: 6. Closed by a return to the norm: 6. The median return took 35 days, the longest one 94 days.
The last closed one ran from 06.09.2026 to 22.10.2026, 46 days: peak z = -2.47, SOL was expensive against BMT.
For a holder this answers not “what to do” but “how long it usually took”: the median return is 35 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 06.09.2026 — 22.10.2026 | SOL | -2.47 | 46 d |
| 24.08.2026 — 26.08.2026 | SOL | -2.27 | 2 d |
| 09.08.2026 — 19.08.2026 | BMT | 7.46 | 10 d |
| 04.06.2026 — 28.06.2026 | BMT | 2.44 | 24 d |
| 05.02.2026 — 10.05.2026 | BMT | 3.25 | 94 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 SOL is 1 BMT?
1 BMT is worth 0.000207365 SOL at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the BMT/SOL range?
Over the last 584 daily candles the ratio traded between 0.00015176 (19.07.2026) and 0.00257274 (18.03.2025).
Are BMT and SOL correlated?
The correlation of daily log returns between BMT and SOL is 0.33, 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/SOL spread z-score now?
The z-score is 0.01 — 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/SOL suitable for a pair trade?
Weakly. Correlation is only 0.33, so the legs do not reliably move together and the spread carries mostly idiosyncratic noise.
How often do BMT and SOL diverge?
Over 405 daily candles the spread left ±2σ 6 times. The median return to the norm took 35 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.