PAIR.TRADING
↔

Press space to swap the legs.

32.03 TON
DASH = 51.25 USDT
TON = 1.6 USDT

DASH / TON ratio and spread

1 DASH = 32.03 TON. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.438 and the correlation between the legs is 0.27.

Set an alert on this pair The spread z-score is -1.07 right now. Get a message when it reaches your level — instead of watching the chart.
Free alerts

If you hold DASH · If you hold TON

Hedge ratio β 0.438
Spread z-score -1.07
Correlation 0.27
Half-life 12.1 1d
The spread is within ±2σ — the pair is near its own norm.

Sign in to keep favourite pairs.

Alerts

Sign in to set your own alerts.

Key numbers

Current ratio32.0312
Change 1d54.46%
Change 7d53.49%
Change 30d52.31%
Period high73.4574
Period low8.45674
Hedge ratio β0.438
Spread z-score-1.07
Correlation0.27
Half-life12 d

over 275 daily candles

What the numbers say

The legs barely move together: correlation of daily log returns is only 0.27. A spread built on such a weak link reverts by coincidence rather than by mechanism.

The spread is at -1.07 standard deviations from its rolling mean: away from the norm, but not far enough to call it stretched.

Historically the spread covers half the way back to its mean in about 12 days, so a divergence here tends to resolve within weeks rather than months.

The current ratio sits mid-range — 36% of the way from the low to the high of the last 275 daily candles.

When this happened before

Over 96 daily candles the spread of this pair has never left ±2σ: DASH and TON stayed closer to each other than most pairs do. A divergence worth waiting for has simply not happened here yet.

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 TON is 1 DASH?

1 DASH is worth 32.0312 TON at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the DASH/TON range?

Over the last 275 daily candles the ratio traded between 8.45674 (29.09.2025) and 73.4574 (04.11.2025).

Are DASH and TON correlated?

The correlation of daily log returns between DASH and TON is 0.27, which counts as a weak 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 DASH/TON spread z-score now?

The z-score is -1.07 — 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 DASH/TON suitable for a pair trade?

Weakly. Correlation is only 0.27, so the legs do not reliably move together and the spread carries mostly idiosyncratic noise.

How often do DASH and TON diverge?

Never over 96 daily candles: the spread of this pair has not left ±2σ.

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

DASH
TON