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34.28 NIL

NEAR = 4.31 USDT

NIL = 0.13 USDT

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

NEAR / NIL ratio and spread

1 NEAR = 34.28 NIL. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.215 and the correlation between the legs is 0.33.

Set an alert on this pair The spread z-score is 2.59 right now. Get a message when it reaches your level — instead of watching the chart.

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If you hold NEAR · If you hold NIL

Hedge ratio β 0.215

Spread z-score 2.59

Correlation 0.33

Half-life 79.2 1d

The spread is beyond +2σ: historically such a divergence closed in about 79 days.

Alerts

Key numbers

Current ratio34.2775

Change 1d-34.76%

Change 7d-47.20%

Change 30d-22.16%

Period high81.1491

Period low6.59231

Hedge ratio β0.215

Spread z-score2.59

Correlation0.33

Half-life79 d

over 361 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 0.33. A spread built on such a weak link reverts by coincidence rather than by mechanism.

The spread currently sits at 2.59 standard deviations above its rolling mean — NEAR is expensive relative to NIL by the standards of this window.

Reversion is slow: the spread needs roughly 79 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 — 37% of the way from the low to the high of the last 361 daily candles.

Frequently asked

How many NIL is 1 NEAR?

1 NEAR is worth 34.2775 NIL at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the NEAR/NIL range?

Over the last 361 daily candles the ratio traded between 6.59231 (22.10.2025) and 81.1491 (19.09.2026).

Are NEAR and NIL correlated?

The correlation of daily log returns between NEAR and NIL is 0.33, 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 NEAR/NIL spread z-score now?

The z-score is 2.59 — 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/NIL suitable for a pair trade?

Weakly. Correlation is only 0.33, 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.