OP / LINK ratio and spread
1 OP = 0.0105187 LINK. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.820 and the correlation between the legs is 0.74.
If you hold OP · If you hold LINK
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Key numbers
over 377 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 closely together — correlation of daily log returns is 0.74. The fitted hedge ratio is 1.82, meaning roughly 1.82 units of LINK exposure balance one unit of OP.
The spread is at -1.06 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 100 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 near the bottom of its range — only 11% of the way from the low to the high of the last 377 daily candles.
Frequently asked
How many LINK is 1 OP?
1 OP is worth 0.0105187 LINK at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the OP/LINK range?
Over the last 377 daily candles the ratio traded between 0.00765254 (30.08.2026) and 0.0330946 (04.10.2025).
Are OP and LINK correlated?
The correlation of daily log returns between OP and LINK is 0.74, which counts as a strong 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 OP/LINK spread z-score now?
The z-score is -1.06 — 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 OP/LINK suitable for a pair trade?
The mechanics hold up: correlation is 0.74 and the spread historically covers half the way back to its mean in about 100 days. That is a description of past behaviour, not a forecast or a recommendation.
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.