PAIR.TRADING
↔

Press space to swap the legs.

6.3E-6 TAO
CKB = 0.00186 USDT
TAO = 294.3 USDT

CKB / TAO ratio and spread

1 CKB = 6.3E-6 TAO. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.202 and the correlation between the legs is 0.60.

Set an alert on this pair The spread z-score is 2.42 right now. Get a message when it reaches your level — instead of watching the chart.
Free alerts

If you hold CKB · If you hold TAO

Hedge ratio β 1.202
Spread z-score 2.42
Percentile, 1.0 y 56
Correlation 0.60
Half-life 46.3 1d
The spread is beyond +2σ: historically such a divergence closed in about 46 days.

Sign in to keep favourite pairs.

Alerts

Sign in to set your own alerts.

Key numbers

Current ratio0.000006320081549439
Change 1d23.64%
Change 7d45.74%
Change 30d31.62%
Period high0.000013906832298137
Period low0.000003875066172578
Hedge ratio β1.202
Spread z-score2.42
Correlation0.60
Half-life46 d

over 379 daily candles

What the numbers say

The legs move together only moderately — correlation of daily log returns is 0.60, with a hedge ratio of 1.20. Signals from this pair carry more noise than on a tightly linked one.

The spread currently sits at 2.42 standard deviations above its rolling mean — CKB is expensive relative to TAO by the standards of this window.

Reversion is slow: the spread needs roughly 46 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 — 24% of the way from the low to the high of the last 379 daily candles.

Frequently asked

How many TAO is 1 CKB?

1 CKB is worth 0.000006320081549439 TAO at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the CKB/TAO range?

Over the last 379 daily candles the ratio traded between 0.000003875066172578 (25.03.2026) and 0.000013906832298137 (04.10.2025).

Are CKB and TAO correlated?

The correlation of daily log returns between CKB and TAO is 0.60, 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 CKB/TAO spread z-score now?

The z-score is 2.42 — 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 CKB/TAO suitable for a pair trade?

The mechanics hold up: correlation is 0.60 and the spread historically covers half the way back to its mean in about 46 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.

Converter

CKB
TAO