BNB / ETH ratio and spread
1 BNB = 0.3205865 ETH. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.392 and the correlation between the legs is 0.67.
If you hold BNB · If you hold ETH
BNB has been more expensive against ETH than now only 4 % of the time over 9.0 years. If you hold BNB, this is worth a look at rotating into ETH.
Sign in to keep favourite pairs.
Alerts
Sign in to set your own alerts.
Key numbers
over 3279 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 0.67, with a hedge ratio of 1.39. Signals from this pair carry more noise than on a tightly linked one.
The spread is at -0.11 standard deviations from its rolling mean, which is effectively at its own norm.
Reversion is slow: the spread needs roughly 165 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 in the upper part of its range — 86% of the way from the low to the high of the last 3279 daily candles.
When this happened before
Divergences over 3100 candles: 18. Closed by a return to the norm: 18. The median return took 54 days, the longest one 160 days.
The last closed one ran from 30.05.2026 to 14.07.2026, 45 days: peak z = 3.02, BNB was expensive against ETH.
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 |
|---|---|---|---|
| 30.05.2026 — 14.07.2026 | BNB | 3.02 | 45 d |
| 05.02.2026 — 06.04.2026 | BNB | 2.14 | 60 d |
| 09.08.2025 — 24.09.2025 | ETH | -2.41 | 46 d |
| 27.02.2025 — 10.05.2025 | BNB | 2.93 | 72 d |
| 07.08.2024 — 07.11.2024 | BNB | 2.56 | 92 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 ETH is 1 BNB?
1 BNB is worth 0.320586 ETH at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the BNB/ETH range?
Over the last 3279 daily candles the ratio traded between 0.00380706 (23.11.2017) and 0.372401 (18.04.2025).
Are BNB and ETH correlated?
The correlation of daily log returns between BNB and ETH is 0.67, 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/ETH spread z-score now?
The z-score is -0.11 — 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/ETH suitable for a pair trade?
The mechanics hold up: correlation is 0.67 and the spread historically covers half the way back to its mean in about 165 days. That is a description of past behaviour, not a forecast or a recommendation.
How often do BNB and ETH diverge?
Over 3100 daily candles the spread left ±2σ 18 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.