BNB / CAKE ratio and spread
1 BNB = 307.9 CAKE. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.762 and the correlation between the legs is 0.82.
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Key numbers
over 357 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 closely together — correlation of daily log returns is 0.82. The fitted hedge ratio is 0.76, meaning roughly 0.76 units of CAKE exposure balance one unit of BNB.
The spread currently sits at -2.07 standard deviations from its rolling mean — BNB is cheap relative to CAKE 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 8% of the way from the low to the high of the last 357 daily candles.
Frequently asked
How many CAKE is 1 BNB?
1 BNB is worth 307.905 CAKE at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the BNB/CAKE range?
Over the last 357 daily candles the ratio traded between 289.852 (08.10.2025) and 506.231 (01.02.2026).
Are BNB and CAKE correlated?
The correlation of daily log returns between BNB and CAKE is 0.82, which counts as a strong 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 BNB/CAKE spread z-score now?
The z-score is -2.07 — 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 BNB/CAKE suitable for a pair trade?
The mechanics hold up: correlation is 0.82 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.