LINK / BABY ratio and spread
1 LINK = 999.35 BABY. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.364 and the correlation between the legs is 0.46.
LINK has been more expensive against BABY than now only 4 % of the time over 1.5 years. If you hold LINK, this is worth a look at rotating into BABY.
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Key numbers
over 532 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 0.46, with a hedge ratio of 0.36. Signals from this pair carry more noise than on a tightly linked one.
The spread currently sits at 2.15 standard deviations above its rolling mean — LINK is expensive relative to BABY by the standards of this window.
Reversion is slow: the spread needs roughly 44 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 in the upper part of its range — 83% of the way from the low to the high of the last 532 daily candles.
Frequently asked
How many BABY is 1 LINK?
1 LINK is worth 999.346 BABY at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the LINK/BABY range?
Over the last 532 daily candles the ratio traded between 73.1224 (12.04.2025) and 1194.15 (07.09.2026).
Are LINK and BABY correlated?
The correlation of daily log returns between LINK and BABY 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 LINK/BABY spread z-score now?
The z-score is 2.15 — 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 LINK/BABY suitable for a pair trade?
The mechanics hold up: correlation is 0.46 and the spread historically covers half the way back to its mean in about 44 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.