NEAR / U ratio and spread
1 NEAR = 4.114 U. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 19.718 and the correlation between the legs is -0.08.
If you hold NEAR · If you hold U
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Key numbers
over 290 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 -0.08. A spread built on such a weak link reverts by coincidence rather than by mechanism.
The spread is at 1.67 standard deviations from its rolling mean: away from the norm, but not far enough to call it stretched.
The spread has not shown mean reversion over the sample: estimates longer than the available history are discarded rather than reported. Trading this pair on reversion has no statistical footing here.
The current ratio sits mid-range — 64% of the way from the low to the high of the last 290 daily candles.
When this happened before
Divergences over 111 candles: 1, and none of them has closed with a return to the norm yet.
One is running right now: it started on 18.09.2026, has lasted 41 days, peak z = 3.63, NEAR was expensive against U. 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 U is 1 NEAR?
1 NEAR is worth 4.11377 U at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the NEAR/U range?
Over the last 290 daily candles the ratio traded between 0.992603 (24.02.2026) and 5.89882 (12.10.2026).
Are NEAR and U correlated?
The correlation of daily log returns between NEAR and U is -0.08, 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/U spread z-score now?
The z-score is 1.67 — 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/U suitable for a pair trade?
Not on a reversion thesis. The spread has not returned to its mean within the available history, so there is nothing to trade back to.
How often do NEAR and U diverge?
Over 111 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.