BMT / TON ratio and spread
1 BMT = 0.0172438 TON. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 2.071 and the correlation between the legs is 0.41.
If you hold BMT · If you hold TON
BMT is cheaper against TON than in 0 % of the time over 1.3 years. If you hold TON, this is worth a look at rotating into BMT.
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Key numbers
over 470 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The legs move together only moderately — correlation of daily log returns is 0.41, with a hedge ratio of 2.07. Signals from this pair carry more noise than on a tightly linked one.
The spread is at -1.23 standard deviations from its rolling mean: away from the norm, but not far enough to call it stretched.
Historically the spread covers half the way back to its mean in about 21 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits near the bottom of its range — only 13% of the way from the low to the high of the last 470 daily candles.
When this happened before
Divergences over 291 candles: 2. Closed by a return to the norm: 1. The median return took 7 days, the longest one 7 days.
The last closed one ran from 11.04.2026 to 18.04.2026, 7 days: peak z = -2.42, TON was expensive against BMT.
One is running right now: it started on 04.05.2026, has lasted 57 days, peak z = -7.46, TON was expensive against BMT. It has not returned to the norm yet.
For a holder this answers not “what to do” but “how long it usually took”: the median return is 7 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 11.04.2026 — 18.04.2026 | TON | -2.42 | 7 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 TON is 1 BMT?
1 BMT is worth 0.0172437 TON at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the BMT/TON range?
Over the last 470 daily candles the ratio traded between 0.00613347 (07.05.2026) and 0.0898393 (18.03.2025).
Are BMT and TON correlated?
The correlation of daily log returns between BMT and TON is 0.41, 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 BMT/TON spread z-score now?
The z-score is -1.23 — 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/TON suitable for a pair trade?
The mechanics hold up: correlation is 0.41 and the spread historically covers half the way back to its mean in about 21 days. That is a description of past behaviour, not a forecast or a recommendation.
How often do BMT and TON diverge?
Over 291 daily candles the spread left ±2σ 2 times. The median return to the norm took 7 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.