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9.463 ETHFI

INJ = 5.9 USDT

ETHFI = 0.624 USDT

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

INJ / ETHFI ratio and spread

1 INJ = 9.463 ETHFI. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.565 and the correlation between the legs is 0.64.

Set an alert on this pair The spread z-score is -0.27 right now. Get a message when it reaches your level — instead of watching the chart.

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Hedge ratio β 0.565

Spread z-score -0.27

Correlation 0.64

Half-life 49.0 1d

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

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Key numbers

Current ratio9.46271

Change 1d19.21%

Change 7d5.36%

Change 30d-5.97%

Period high18.9361

Period low4.7084

Hedge ratio β0.565

Spread z-score-0.27

Correlation0.64

Half-life49 d

over 350 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 0.64, with a hedge ratio of 0.57. Signals from this pair carry more noise than on a tightly linked one.

The spread is at -0.27 standard deviations from its rolling mean, which is effectively at its own norm.

Reversion is slow: the spread needs roughly 49 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 mid-range — 33% of the way from the low to the high of the last 350 daily candles.

Frequently asked

How many ETHFI is 1 INJ?

1 INJ is worth 9.46271 ETHFI at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the INJ/ETHFI range?

Over the last 350 daily candles the ratio traded between 4.7084 (19.03.2026) and 18.9361 (08.06.2026).

Are INJ and ETHFI correlated?

The correlation of daily log returns between INJ and ETHFI is 0.64, 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 INJ/ETHFI spread z-score now?

The z-score is -0.27 — 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 INJ/ETHFI suitable for a pair trade?

The mechanics hold up: correlation is 0.64 and the spread historically covers half the way back to its mean in about 49 days. That is a description of past behaviour, not a forecast or a recommendation.

All figures are computed from exchange data and describe past behaviour. Nothing here is investment advice.