MET / SAND ratio and spread
1 MET = 5.874 SAND. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.356 and the correlation between the legs is 0.40.
If you hold MET · If you hold SAND
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Key numbers
over 329 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The legs barely move together: correlation of daily log returns is only 0.40. A spread built on such a weak link reverts by coincidence rather than by mechanism.
The spread currently sits at 2.50 standard deviations above its rolling mean — MET is expensive relative to SAND by the standards of this window.
Reversion is slow: the spread needs roughly 66 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 — 61% of the way from the low to the high of the last 329 daily candles.
Frequently asked
How many SAND is 1 MET?
1 MET is worth 5.87394 SAND at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the MET/SAND range?
Over the last 329 daily candles the ratio traded between 1.57384 (23.01.2026) and 8.65428 (24.09.2026).
Are MET and SAND correlated?
The correlation of daily log returns between MET and SAND is 0.40, which counts as a weak 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 MET/SAND spread z-score now?
The z-score is 2.50 — 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 MET/SAND suitable for a pair trade?
Weakly. Correlation is only 0.40, so the legs do not reliably move together and the spread carries mostly idiosyncratic noise.
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.