NEAR / F ratio and spread
1 NEAR = 861.55 F. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is -0.021 and the correlation between the legs is 0.45.
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Key numbers
over 330 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The fitted hedge ratio is negative: over the window NEAR and F moved in opposite directions. A pair trade assumes the legs move together, so this combination does not qualify as one.
The spread currently sits at 4.50 standard deviations above its rolling mean — NEAR is expensive relative to F 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 in the upper part of its range — 87% of the way from the low to the high of the last 330 daily candles.
Frequently asked
How many F is 1 NEAR?
1 NEAR is worth 861.553 F at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the NEAR/F range?
Over the last 330 daily candles the ratio traded between 80.5468 (25.10.2025) and 981.937 (18.09.2026).
Are NEAR and F correlated?
The correlation of daily log returns between NEAR and F is 0.45, 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 NEAR/F spread z-score now?
The z-score is 4.50 — 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 NEAR/F suitable for a pair trade?
No. The fitted hedge ratio is negative, meaning the legs moved in opposite directions over the window — the market-neutral construction that pair trading relies on does not hold here.
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.