NIGHT / TAO ratio and spread

1 NIGHT = 0.0001304 TAO. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.071 and the correlation between the legs is 0.26.

Set an alert on this pair The spread z-score is 0.34 right now. Get a message when it reaches your level — instead of watching the chart.

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If you hold NIGHT · If you hold TAO

Hedge ratio β 1.071

Spread z-score 0.34

Correlation 0.26

Half-life 13.2 1d

The spread is within ±2σ — the pair is near its own norm.

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Key numbers

Current ratio0.000130423

Change 1d-2.58%

Change 7d59.64%

Change 30d46.03%

Period high0.000256286

Period low0.00007621875

Hedge ratio β1.071

Spread z-score0.34

Correlation0.26

Half-life13 d

over 206 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 0.26. A spread built on such a weak link reverts by coincidence rather than by mechanism.

The spread is at 0.34 standard deviations from its rolling mean, which is effectively at its own norm.

Historically the spread covers half the way back to its mean in about 13 days, so a divergence here tends to resolve within weeks rather than months.

The current ratio sits mid-range — 30% of the way from the low to the high of the last 206 daily candles.

Frequently asked

How many TAO is 1 NIGHT?

1 NIGHT is worth 0.000130423 TAO at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the NIGHT/TAO range?

Over the last 206 daily candles the ratio traded between 0.00007621875 (22.09.2026) and 0.000256286 (11.03.2026).

Are NIGHT and TAO correlated?

The correlation of daily log returns between NIGHT and TAO is 0.26, 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 NIGHT/TAO spread z-score now?

The z-score is 0.34 — 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 NIGHT/TAO suitable for a pair trade?

Weakly. Correlation is only 0.26, 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.