LINK / TRX ratio and spread
1 LINK = 34.58 TRX. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.575 and the correlation between the legs is 0.52.
If you hold LINK · If you hold TRX
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Key numbers
over 2844 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 0.52, with a hedge ratio of 0.57. Signals from this pair carry more noise than on a tightly linked one.
The spread is at 0.96 standard deviations from its rolling mean, which is effectively at its own norm.
Reversion is slow: the spread needs roughly 208 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 2% of the way from the low to the high of the last 2844 daily candles.
When this happened before
Divergences over 2665 candles: 20. Closed by a return to the norm: 19. The median return took 53 days, the longest one 171 days.
The last closed one ran from 31.01.2026 to 10.05.2026, 99 days: peak z = -2.73, TRX was expensive against LINK.
One is running right now: it started on 19.08.2026, has lasted 71 days, peak z = 3.30, LINK was expensive against TRX. It has not returned to the norm yet.
For a holder this answers not “what to do” but “how long it usually took”: the median return is 53 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 31.01.2026 — 10.05.2026 | TRX | -2.73 | 99 d |
| 09.08.2025 — 10.10.2025 | LINK | 3.17 | 62 d |
| 06.04.2025 — 10.05.2025 | TRX | -2.17 | 34 d |
| 12.12.2024 — 06.02.2025 | LINK | 2.81 | 56 d |
| 02.12.2024 — 03.12.2024 | LINK | 2.64 | 1 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 TRX is 1 LINK?
1 LINK is worth 34.5813 TRX at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the LINK/TRX range?
Over the last 2844 daily candles the ratio traded between 14.1558 (04.02.2019) and 865.58 (23.01.2021).
Are LINK and TRX correlated?
The correlation of daily log returns between LINK and TRX is 0.52, 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/TRX spread z-score now?
The z-score is 0.96 — 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/TRX suitable for a pair trade?
The mechanics hold up: correlation is 0.52 and the spread historically covers half the way back to its mean in about 208 days. That is a description of past behaviour, not a forecast or a recommendation.
How often do LINK and TRX diverge?
Over 2665 daily candles the spread left ±2σ 20 times. The median return to the norm took 53 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.