CAKE / BNB ratio and spread
1 CAKE = 0.003257 BNB. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.138 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 1.14, meaning roughly 1.14 units of BNB exposure balance one unit of CAKE.
The spread currently sits at 2.17 standard deviations above its rolling mean — CAKE is expensive relative to BNB by the standards of this window.
Reversion is slow: the spread needs roughly 31 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 — 87% of the way from the low to the high of the last 357 daily candles.
Frequently asked
How many BNB is 1 CAKE?
1 CAKE is worth 0.00325695 BNB at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the CAKE/BNB range?
Over the last 357 daily candles the ratio traded between 0.00197538 (01.02.2026) and 0.00345003 (08.10.2025).
Are CAKE and BNB correlated?
The correlation of daily log returns between CAKE and BNB 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 CAKE/BNB spread z-score now?
The z-score is 2.17 — 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 CAKE/BNB 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 31 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.