DOGE / PEPE ratio and spread
1 DOGE = 15444.88 PEPE. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.463 and the correlation between the legs is 0.72.
If you hold DOGE · If you hold PEPE
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Key numbers
over 1274 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 0.72. The fitted hedge ratio is 0.46, meaning roughly 0.46 units of PEPE exposure balance one unit of DOGE.
The spread currently sits at -2.35 standard deviations from its rolling mean — DOGE is cheap relative to PEPE by the standards of this window.
Reversion is slow: the spread needs roughly 109 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 7% of the way from the low to the high of the last 1274 daily candles.
When this happened before
Divergences over 1095 candles: 9. Closed by a return to the norm: 8. The median return took 58 days, the longest one 155 days.
The last closed one ran from 07.07.2026 to 05.09.2026, 60 days: peak z = -2.91, PEPE was expensive against DOGE.
One is running right now: it started on 23.10.2026, has lasted 6 days, peak z = -2.35, PEPE was expensive against DOGE. 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 58 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 07.07.2026 — 05.09.2026 | PEPE | -2.91 | 60 d |
| 01.01.2026 — 29.04.2026 | PEPE | -2.84 | 118 d |
| 08.09.2025 — 03.11.2025 | DOGE | 3.07 | 56 d |
| 28.10.2024 — 24.02.2025 | DOGE | 5.73 | 119 d |
| 24.04.2024 — 26.09.2024 | PEPE | -3.19 | 155 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 PEPE is 1 DOGE?
1 DOGE is worth 15444.9 PEPE at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the DOGE/PEPE range?
Over the last 1274 daily candles the ratio traded between 9529.63 (26.06.2024) and 99187.5 (21.09.2023).
Are DOGE and PEPE correlated?
The correlation of daily log returns between DOGE and PEPE is 0.72, 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 DOGE/PEPE spread z-score now?
The z-score is -2.35 — 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 DOGE/PEPE suitable for a pair trade?
The mechanics hold up: correlation is 0.72 and the spread historically covers half the way back to its mean in about 109 days. That is a description of past behaviour, not a forecast or a recommendation.
How often do DOGE and PEPE diverge?
Over 1095 daily candles the spread left ±2σ 9 times. The median return to the norm took 58 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.