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0.000218 SPYB

ENA = 0.1658 USDT

SPYB = 760.58 USDT

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Derived series only: the ratio of the two legs and the spread z-score. Exchange candles are not included.

ENA / SPYB ratio and spread

1 ENA = 0.000218 SPYB. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 8.857 and the correlation between the legs is 0.26.

Set an alert on this pair The spread z-score is 1.33 right now. Get a message when it reaches your level — instead of watching the chart.

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Hedge ratio β 8.857

Spread z-score 1.33

Correlation 0.26

Half-life 28.0 1d

The spread is within ±2σ — the pair is near its own norm.

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Key numbers

Current ratio0.000217992

Change 1d10.94%

Change 7d5.94%

Change 30d76.87%

Period high0.000245213

Period low0.000103157

Hedge ratio β8.857

Spread z-score1.33

Correlation0.26

Half-life28 d

over 74 daily candles

How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.

What the numbers say

The legs barely move together: correlation of daily log returns is only 0.26. A spread built on such a weak link reverts by coincidence rather than by mechanism.

The spread is at 1.33 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 28 days, so a divergence here tends to resolve within weeks rather than months.

The current ratio sits in the upper part of its range — 81% of the way from the low to the high of the last 74 daily candles.

Frequently asked

How many SPYB is 1 ENA?

1 ENA is worth 0.000217992 SPYB at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the ENA/SPYB range?

Over the last 74 daily candles the ratio traded between 0.000103157 (08.07.2026) and 0.000245213 (28.08.2026).

Are ENA and SPYB correlated?

The correlation of daily log returns between ENA and SPYB is 0.26, 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 ENA/SPYB spread z-score now?

The z-score is 1.33 — 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 ENA/SPYB suitable for a pair trade?

Weakly. Correlation is only 0.26, so the legs do not reliably move together and the spread carries mostly idiosyncratic noise.

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.