GTC / S ratio and spread
1 GTC = 5.178 S. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.528 and the correlation between the legs is 0.44.
If you hold GTC · If you hold S
Sign in to keep favourite pairs.
Alerts
Sign in to set your own alerts.
Key numbers
over 635 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 0.44, 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 2.40 standard deviations above its rolling mean — GTC is expensive relative to S by the standards of this window.
Historically the spread covers half the way back to its mean in about 12 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits in the upper part of its range — 94% of the way from the low to the high of the last 635 daily candles.
Frequently asked
How many S is 1 GTC?
1 GTC is worth 5.17846 S at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the GTC/S range?
Over the last 635 daily candles the ratio traded between 0.488649 (14.04.2025) and 5.45707 (09.10.2026).
Are GTC and S correlated?
The correlation of daily log returns between GTC and S is 0.44, 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 GTC/S spread z-score now?
The z-score is 2.40 — 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 GTC/S suitable for a pair trade?
The mechanics hold up: correlation is 0.44 and the spread historically covers half the way back to its mean in about 12 days. That is a description of past behaviour, not a forecast or a recommendation.
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.