DODO / ONDO ratio and spread
1 DODO = 0.0629208 ONDO. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.880 and the correlation between the legs is 0.51.
If you hold DODO · If you hold ONDO
DODO has been more expensive against ONDO than now only 3 % of the time over 1.5 years. If you hold DODO, this is worth a look at rotating into ONDO.
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Key numbers
over 564 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 0.51, with a hedge ratio of 0.88. Signals from this pair carry more noise than on a tightly linked one.
The spread currently sits at 2.06 standard deviations above its rolling mean — DODO is expensive relative to ONDO by the standards of this window.
Historically the spread covers half the way back to its mean in about 9 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits mid-range — 55% of the way from the low to the high of the last 564 daily candles.
When this happened before
Divergences over 385 candles: 9. Closed by a return to the norm: 8. The median return took 22 days, the longest one 40 days.
The last closed one ran from 25.09.2026 to 16.10.2026, 21 days: peak z = -2.82, ONDO was expensive against DODO.
One is running right now: it started on 26.10.2026, has lasted 0 days, peak z = 2.06, DODO was expensive against ONDO. It has not returned to the norm yet.
For a holder this answers not “what to do” but “how long it usually took”: the median return is 22 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 25.09.2026 — 16.10.2026 | ONDO | -2.82 | 21 d |
| 05.08.2026 — 07.08.2026 | DODO | 2.16 | 2 d |
| 12.07.2026 — 24.07.2026 | DODO | 2.51 | 12 d |
| 24.05.2026 — 23.06.2026 | ONDO | -2.55 | 30 d |
| 14.04.2026 — 07.05.2026 | DODO | 3.66 | 23 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 ONDO is 1 DODO?
1 DODO is worth 0.0629208 ONDO at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the DODO/ONDO range?
Over the last 564 daily candles the ratio traded between 0.0311381 (28.09.2026) and 0.0891502 (23.04.2026).
Are DODO and ONDO correlated?
The correlation of daily log returns between DODO and ONDO is 0.51, 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 DODO/ONDO spread z-score now?
The z-score is 2.06 — 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 DODO/ONDO suitable for a pair trade?
The mechanics hold up: correlation is 0.51 and the spread historically covers half the way back to its mean in about 9 days. That is a description of past behaviour, not a forecast or a recommendation.
How often do DODO and ONDO diverge?
Over 385 daily candles the spread left ±2σ 9 times. The median return to the norm took 22 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.