DODO / XRP ratio and spread
1 DODO = 0.0197319 XRP. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is -0.723 and the correlation between the legs is 0.53.
If you hold DODO · If you hold XRP
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Key numbers
over 2076 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The fitted hedge ratio is negative: over the window DODO and XRP moved in opposite directions. A pair trade assumes the legs move together, so this combination does not qualify as one.
The spread currently sits at 2.88 standard deviations above its rolling mean — DODO is expensive relative to XRP by the standards of this window.
Reversion is slow: the spread needs roughly 197 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 near the bottom of its range — only 0% of the way from the low to the high of the last 2076 daily candles.
When this happened before
Divergences over 1897 candles: 13. Closed by a return to the norm: 12. The median return took 41 days, the longest one 245 days.
The last closed one ran from 21.08.2026 to 02.09.2026, 12 days: peak z = 2.08, DODO was expensive against XRP.
One is running right now: it started on 26.10.2026, has lasted 0 days, peak z = 2.88, DODO was expensive against XRP. 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 41 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 21.08.2026 — 02.09.2026 | DODO | 2.08 | 12 d |
| 05.08.2026 — 06.08.2026 | DODO | 2.40 | 1 d |
| 10.10.2025 — 17.04.2026 | XRP | -2.79 | 189 d |
| 16.11.2024 — 02.02.2025 | DODO | 4.58 | 78 d |
| 24.06.2024 — 23.08.2024 | XRP | -2.76 | 60 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 XRP is 1 DODO?
1 DODO is worth 0.0197319 XRP at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the DODO/XRP range?
Over the last 2076 daily candles the ratio traded between 0.00843952 (06.01.2026) and 17.1836 (19.02.2021).
Are DODO and XRP correlated?
The correlation of daily log returns between DODO and XRP is 0.53, 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/XRP spread z-score now?
The z-score is 2.88 — 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/XRP suitable for a pair trade?
No. The fitted hedge ratio is negative, meaning the legs moved in opposite directions over the window — the market-neutral construction that pair trading relies on does not hold here.
How often do DODO and XRP diverge?
Over 1897 daily candles the spread left ±2σ 13 times. The median return to the norm took 41 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.