PAIR.TRADING

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0.0015041 CRCLB

HEI = 0.124 USDT
CRCLB = 82.44 USDT

export 1d data

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

HEI / CRCLB ratio and spread

1 HEI = 0.0015041 CRCLB. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.285 and the correlation between the legs is -0.13.

Set an alert on this pair The spread z-score is 0.07 right now. Get a message when it reaches your level — instead of watching the chart.
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Hedge ratio β 0.285
Spread z-score 0.07
Correlation -0.13
Half-life 3.5 1d
The spread is within ±2σ — the pair is near its own norm.

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Key numbers

Current ratio0.00150412
Change 1d13.54%
Change 7d13.39%
Change 30d-23.82%
Period high0.00819451
Period low0.000879934
Hedge ratio β0.285
Spread z-score0.07
Correlation-0.13
Half-life4 d

over 99 daily candles

What the numbers say

The legs barely move together: correlation of daily log returns is only -0.13. A spread built on such a weak link reverts by coincidence rather than by mechanism.

The spread is at 0.07 standard deviations from its rolling mean, which is effectively at its own norm.

Historically the spread covers half the way back to its mean in about 4 days, so a divergence here tends to resolve within weeks rather than months.

The current ratio sits near the bottom of its range — only 9% of the way from the low to the high of the last 99 daily candles.

Frequently asked

How many CRCLB is 1 HEI?

1 HEI is worth 0.00150412 CRCLB at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the HEI/CRCLB range?

Over the last 99 daily candles the ratio traded between 0.000879934 (16.06.2026) and 0.00819451 (06.08.2026).

Are HEI and CRCLB correlated?

The correlation of daily log returns between HEI and CRCLB is -0.13, 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 HEI/CRCLB spread z-score now?

The z-score is 0.07 — 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 HEI/CRCLB suitable for a pair trade?

Weakly. Correlation is only -0.13, 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.

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