NEAR / UNI ratio and spread
1 NEAR = 0.6535064 UNI. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.755 and the correlation between the legs is 0.58.
If you hold NEAR · If you hold UNI
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Key numbers
over 2206 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 0.58, with a hedge ratio of 0.76. Signals from this pair carry more noise than on a tightly linked one.
The spread is at 1.29 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 149 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 — 31% of the way from the low to the high of the last 2206 daily candles.
When this happened before
Divergences over 2027 candles: 13. Closed by a return to the norm: 12. The median return took 90 days, the longest one 246 days.
The last closed one ran from 08.05.2026 to 22.07.2026, 75 days: peak z = 5.00, NEAR was expensive against UNI.
One is running right now: it started on 12.10.2026, has lasted 16 days, peak z = 2.25, NEAR was expensive against UNI. It has not returned to the norm yet.
For a holder this answers not “what to do” but “how long it usually took”: the median return is 90 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 08.05.2026 — 22.07.2026 | NEAR | 5.00 | 75 d |
| 20.12.2025 — 06.01.2026 | UNI | -2.29 | 17 d |
| 07.11.2025 — 10.11.2025 | NEAR | 2.35 | 3 d |
| 10.06.2025 — 16.09.2025 | UNI | -3.75 | 98 d |
| 09.12.2024 — 24.04.2025 | UNI | -2.94 | 136 d |
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 UNI is 1 NEAR?
1 NEAR is worth 0.653506 UNI at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the NEAR/UNI range?
Over the last 2206 daily candles the ratio traded between 0.0955525 (09.08.2021) and 1.87564 (08.04.2022).
Are NEAR and UNI correlated?
The correlation of daily log returns between NEAR and UNI is 0.58, 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/UNI spread z-score now?
The z-score is 1.29 — 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/UNI suitable for a pair trade?
The mechanics hold up: correlation is 0.58 and the spread historically covers half the way back to its mean in about 149 days. That is a description of past behaviour, not a forecast or a recommendation.
How often do NEAR and UNI diverge?
Over 2027 daily candles the spread left ±2σ 13 times. The median return to the norm took 90 days.
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.