PAIR.TRADING

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34.79 XTZ

LINK = 12.22 USDT
XTZ = 0.35 USDT

export 1d data

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

LINK / XTZ ratio and spread

1 LINK = 34.79 XTZ. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.556 and the correlation between the legs is 0.70.

Set an alert on this pair The spread z-score is 0.06 right now. Get a message when it reaches your level — instead of watching the chart.
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Hedge ratio β 0.556
Spread z-score 0.06
Correlation 0.70
Half-life 40.6 1d
The spread is within ±2σ — the pair is near its own norm.

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Key numbers

Current ratio34.7908
Change 1d-15.54%
Change 7d-14.03%
Change 30d-31.79%
Period high56.3401
Period low19.7468
Hedge ratio β0.556
Spread z-score0.06
Correlation0.70
Half-life41 d

over 357 daily candles

What the numbers say

The legs move together only moderately — correlation of daily log returns is 0.70, with a hedge ratio of 0.56. Signals from this pair carry more noise than on a tightly linked one.

The spread is at 0.06 standard deviations from its rolling mean, which is effectively at its own norm.

Reversion is slow: the spread needs roughly 41 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 — 41% of the way from the low to the high of the last 357 daily candles.

Frequently asked

How many XTZ is 1 LINK?

1 LINK is worth 34.7908 XTZ at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the LINK/XTZ range?

Over the last 357 daily candles the ratio traded between 19.7468 (05.02.2026) and 56.3401 (07.09.2026).

Are LINK and XTZ correlated?

The correlation of daily log returns between LINK and XTZ 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/XTZ spread z-score now?

The z-score is 0.06 — 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/XTZ 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 41 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.

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