ETH / INIT ratio and spread
1 ETH = 15647.26 INIT. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.533 and the correlation between the legs is 0.41.
If you hold ETH · If you hold INIT
ETH is cheaper against INIT than in 3 % of the time over 1.1 years. If you hold INIT, this is worth a look at rotating into ETH.
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Key numbers
over 391 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 0.41, with a hedge ratio of 0.53. Signals from this pair carry more noise than on a tightly linked one.
The spread currently sits at -2.07 standard deviations from its rolling mean — ETH is cheap relative to INIT by the standards of this window.
Historically the spread covers half the way back to its mean in about 29 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits near the bottom of its range — only 8% of the way from the low to the high of the last 391 daily candles.
When this happened before
Divergences over 212 candles: 2. Closed by a return to the norm: 1. The median return took 59 days, the longest one 59 days.
The last closed one ran from 28.07.2026 to 25.09.2026, 59 days: peak z = 4.16, ETH was expensive against INIT.
One is running right now: it started on 24.10.2026, has lasted 0 days, peak z = -2.07, INIT was expensive against ETH. 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 59 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 28.07.2026 — 25.09.2026 | ETH | 4.16 | 59 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 INIT is 1 ETH?
1 ETH is worth 15647.3 INIT at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the ETH/INIT range?
Over the last 391 daily candles the ratio traded between 12954.6 (16.02.2026) and 46077.7 (27.08.2026).
Are ETH and INIT correlated?
The correlation of daily log returns between ETH and INIT is 0.41, 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 ETH/INIT spread z-score now?
The z-score is -2.07 — 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 ETH/INIT suitable for a pair trade?
The mechanics hold up: correlation is 0.41 and the spread historically covers half the way back to its mean in about 29 days. That is a description of past behaviour, not a forecast or a recommendation.
How often do ETH and INIT diverge?
Over 212 daily candles the spread left ±2σ 2 times. The median return to the norm took 59 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.