LINK / W ratio and spread
1 LINK = 910.25 W. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.313 and the correlation between the legs is 0.77.
If you hold LINK · If you hold W
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Key numbers
over 364 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 closely together — correlation of daily log returns is 0.77. The fitted hedge ratio is 0.31, meaning roughly 0.31 units of W exposure balance one unit of LINK.
The spread currently sits at 2.29 standard deviations above its rolling mean — LINK is expensive relative to W by the standards of this window.
Reversion is slow: the spread needs roughly 67 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 — 66% of the way from the low to the high of the last 364 daily candles.
Frequently asked
How many W is 1 LINK?
1 LINK is worth 910.253 W at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the LINK/W range?
Over the last 364 daily candles the ratio traded between 161.429 (07.10.2025) and 1292.26 (07.09.2026).
Are LINK and W correlated?
The correlation of daily log returns between LINK and W is 0.77, which counts as a strong 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/W spread z-score now?
The z-score is 2.29 — 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/W suitable for a pair trade?
The mechanics hold up: correlation is 0.77 and the spread historically covers half the way back to its mean in about 67 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.