BTC / GLMR ratio and spread

1 BTC = 6561214.21 GLMR. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.254 and the correlation between the legs is 0.48.

Set an alert on this pair The spread z-score is 1.61 right now. Get a message when it reaches your level — instead of watching the chart.

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Hedge ratio β 0.254

Spread z-score 1.61

Percentile, 1.0 y 89

Correlation 0.48

Half-life 42.6 1d

The spread is within ±2σ — the pair is near its own norm.

Alerts

Key numbers

Current ratio6561214.21

Change 1d-26.16%

Change 7d-45.76%

Change 30d-46.69%

Period high13632919.2

Period low1909849.75

Hedge ratio β0.254

Spread z-score1.61

Correlation0.48

Half-life43 d

over 370 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 0.48, with a hedge ratio of 0.25. Signals from this pair carry more noise than on a tightly linked one.

The spread is at 1.61 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 43 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 — 40% of the way from the low to the high of the last 370 daily candles.

Frequently asked

How many GLMR is 1 BTC?

1 BTC is worth 6561214.21 GLMR at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the BTC/GLMR range?

Over the last 370 daily candles the ratio traded between 1909849.75 (29.09.2025) and 13632919.2 (17.09.2026).

Are BTC and GLMR correlated?

The correlation of daily log returns between BTC and GLMR is 0.48, 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 BTC/GLMR spread z-score now?

The z-score is 1.61 — 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 BTC/GLMR suitable for a pair trade?

The mechanics hold up: correlation is 0.48 and the spread historically covers half the way back to its mean in about 43 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.