HAEDAL / NEAR ratio and spread
1 HAEDAL = 0.0059344 NEAR. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is -0.044 and the correlation between the legs is 0.46.
If you hold HAEDAL · If you hold NEAR
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Key numbers
over 394 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The fitted hedge ratio is negative: over the window HAEDAL and NEAR moved in opposite directions. A pair trade assumes the legs move together, so this combination does not qualify as one.
The spread is at 0.43 standard deviations from its rolling mean, which is effectively at its own norm.
Reversion is slow: the spread needs roughly 59 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 6% of the way from the low to the high of the last 394 daily candles.
When this happened before
Divergences over 215 candles: 1. Closed by a return to the norm: 1. The median return took 82 days, the longest one 82 days.
The last closed one ran from 05.06.2026 to 26.08.2026, 82 days: peak z = -2.60, NEAR was expensive against HAEDAL.
For a holder this answers not “what to do” but “how long it usually took”: the median return is 82 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 05.06.2026 — 26.08.2026 | NEAR | -2.60 | 82 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 NEAR is 1 HAEDAL?
1 HAEDAL is worth 0.0059344 NEAR at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the HAEDAL/NEAR range?
Over the last 394 daily candles the ratio traded between 0.00331356 (12.10.2026) and 0.0502852 (06.11.2025).
Are HAEDAL and NEAR correlated?
The correlation of daily log returns between HAEDAL and NEAR is 0.46, 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 HAEDAL/NEAR spread z-score now?
The z-score is 0.43 — 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 HAEDAL/NEAR suitable for a pair trade?
No. The fitted hedge ratio is negative, meaning the legs moved in opposite directions over the window — the market-neutral construction that pair trading relies on does not hold here.
How often do HAEDAL and NEAR diverge?
Over 215 daily candles the spread left ±2σ 1 times. The median return to the norm took 82 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.