LINK / S ratio and spread
1 LINK = 212.13 S. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.354 and the correlation between the legs is 0.70.
If you hold LINK · If you hold S
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Key numbers
over 378 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 0.70, with a hedge ratio of 0.35. Signals from this pair carry more noise than on a tightly linked one.
The spread is at 0.89 standard deviations from its rolling mean, which is effectively at its own norm.
Reversion is slow: the spread needs roughly 40 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 — 36% of the way from the low to the high of the last 378 daily candles.
Frequently asked
How many S is 1 LINK?
1 LINK is worth 212.126 S at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the LINK/S range?
Over the last 378 daily candles the ratio traded between 73.7236 (08.10.2025) and 458.418 (19.08.2026).
Are LINK and S correlated?
The correlation of daily log returns between LINK and S is 0.70, 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/S spread z-score now?
The z-score is 0.89 — 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 LINK/S suitable for a pair trade?
The mechanics hold up: correlation is 0.70 and the spread historically covers half the way back to its mean in about 40 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.