NEAR / RLUSD ratio and spread
1 NEAR = 4.572 RLUSD. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 295.650 and the correlation between the legs is -0.06.
If you hold NEAR · If you hold RLUSD
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Key numbers
over 281 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 -0.06. A spread built on such a weak link reverts by coincidence rather than by mechanism.
The spread is at 1.36 standard deviations from its rolling mean: away from the norm, but not far enough to call it stretched.
Reversion is slow: the spread needs roughly 47 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 — 73% of the way from the low to the high of the last 281 daily candles.
When this happened before
Divergences over 102 candles: 1, and none of them has closed with a return to the norm yet.
One is running right now: it started on 03.09.2026, has lasted 56 days, peak z = 4.26, NEAR was expensive against RLUSD. It has not returned to the norm yet.
A divergence here is the spread z-score leaving ±2σ; the return is the first value back inside ±0.5σ. Two thresholds rather than one: otherwise chatter right at the border would count as a dozen separate divergences. The first bars of the window are skipped — there z is computed on partial history.
Frequently asked
How many RLUSD is 1 NEAR?
1 NEAR is worth 4.57151 RLUSD at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the NEAR/RLUSD range?
Over the last 281 daily candles the ratio traded between 0.992504 (24.02.2026) and 5.89293 (12.10.2026).
Are NEAR and RLUSD correlated?
The correlation of daily log returns between NEAR and RLUSD is -0.06, 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/RLUSD spread z-score now?
The z-score is 1.36 — 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 NEAR/RLUSD suitable for a pair trade?
Weakly. Correlation is only -0.06, so the legs do not reliably move together and the spread carries mostly idiosyncratic noise.
How often do NEAR and RLUSD diverge?
Over 102 daily candles the spread left ±2σ 1 times, and none of those divergences has closed with a return to the norm yet.
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.