BNB / DODO ratio and spread
1 BNB = 28434.95 DODO. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is -0.123 and the correlation between the legs is 0.61.
If you hold BNB · If you hold DODO
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Key numbers
over 2076 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The fitted hedge ratio is negative: over the window BNB and DODO moved in opposite directions. A pair trade assumes the legs move together, so this combination does not qualify as one.
The spread is at 1.54 standard deviations from its rolling mean: away from the norm, but not far enough to call it stretched.
Reversion is slow: the spread needs roughly 129 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 mid-range — 54% of the way from the low to the high of the last 2076 daily candles.
When this happened before
Divergences over 1897 candles: 15. Closed by a return to the norm: 14. The median return took 54 days, the longest one 195 days.
The last closed one ran from 01.02.2026 to 10.05.2026, 98 days: peak z = -3.53, DODO was expensive against BNB.
One is running right now: it started on 21.08.2026, has lasted 66 days, peak z = 3.08, BNB was expensive against DODO. 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 54 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 01.02.2026 — 10.05.2026 | DODO | -3.53 | 98 d |
| 20.07.2025 — 04.11.2025 | BNB | 3.37 | 107 d |
| 06.04.2025 — 09.05.2025 | DODO | -2.21 | 33 d |
| 10.03.2025 — 24.03.2025 | DODO | -2.32 | 14 d |
| 03.12.2024 — 28.01.2025 | BNB | 3.47 | 56 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 DODO is 1 BNB?
1 BNB is worth 28434.9 DODO at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the BNB/DODO range?
Over the last 2076 daily candles the ratio traded between 34.8697 (19.02.2021) and 53018.8 (20.01.2026).
Are BNB and DODO correlated?
The correlation of daily log returns between BNB and DODO is 0.61, 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 BNB/DODO spread z-score now?
The z-score is 1.54 — 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 BNB/DODO suitable for a pair trade?
No. The fitted hedge ratio is negative, meaning the legs moved in opposite directions over the window — the market-neutral construction that pair trading relies on does not hold here.
How often do BNB and DODO diverge?
Over 1897 daily candles the spread left ±2σ 15 times. The median return to the norm took 54 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.