NEAR / G ratio and spread
1 NEAR = 418.39 G. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.378 and the correlation between the legs is 0.41.
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Key numbers
over 355 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 0.41, with a hedge ratio of 0.38. Signals from this pair carry more noise than on a tightly linked one.
The spread currently sits at 3.16 standard deviations above its rolling mean — NEAR is expensive relative to G by the standards of this window.
Reversion is slow: the spread needs roughly 54 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 — 28% of the way from the low to the high of the last 355 daily candles.
Frequently asked
How many G is 1 NEAR?
1 NEAR is worth 418.387 G at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the NEAR/G range?
Over the last 355 daily candles the ratio traded between 216.571 (25.01.2026) and 941.159 (03.06.2026).
Are NEAR and G correlated?
The correlation of daily log returns between NEAR and G is 0.41, 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/G spread z-score now?
The z-score is 3.16 — 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/G suitable for a pair trade?
The mechanics hold up: correlation is 0.41 and the spread historically covers half the way back to its mean in about 54 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.