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20201.64 NIL

ETH = 2679.95 USDT

NIL = 0.13 USDT

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

ETH / NIL ratio and spread

1 ETH = 20201.64 NIL. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.356 and the correlation between the legs is 0.34.

Set an alert on this pair The spread z-score is -1.04 right now. Get a message when it reaches your level — instead of watching the chart.

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If you hold ETH · If you hold NIL

Hedge ratio β 0.356

Spread z-score -1.04

Correlation 0.34

Half-life 18.1 1d

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

Alerts

Key numbers

Current ratio20201.6

Change 1d-38.19%

Change 7d-66.28%

Change 30d-63.61%

Period high70226.1

Period low11415.5

Hedge ratio β0.356

Spread z-score-1.04

Correlation0.34

Half-life18 d

over 361 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 0.34. A spread built on such a weak link reverts by coincidence rather than by mechanism.

The spread is at -1.04 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 18 days, so a divergence here tends to resolve within weeks rather than months.

The current ratio sits near the bottom of its range — only 15% of the way from the low to the high of the last 361 daily candles.

Frequently asked

How many NIL is 1 ETH?

1 ETH is worth 20201.6 NIL at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the ETH/NIL range?

Over the last 361 daily candles the ratio traded between 11415.5 (22.10.2025) and 70226.1 (13.04.2026).

Are ETH and NIL correlated?

The correlation of daily log returns between ETH and NIL is 0.34, 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 ETH/NIL spread z-score now?

The z-score is -1.04 — 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 ETH/NIL suitable for a pair trade?

Weakly. Correlation is only 0.34, 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.