PEPE / RENDER ratio and spread
1 PEPE = 1.9E-6 RENDER. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.051 and the correlation between the legs is 0.71.
If you hold PEPE · If you hold RENDER
Sign in to keep favourite pairs.
Alerts
Sign in to set your own alerts.
Key numbers
over 380 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 0.71. The fitted hedge ratio is 1.05, meaning roughly 1.05 units of RENDER exposure balance one unit of PEPE.
The spread is at -0.53 standard deviations from its rolling mean, which is effectively at its own norm.
Reversion is slow: the spread needs roughly 35 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 — 20% of the way from the low to the high of the last 380 daily candles.
Frequently asked
How many RENDER is 1 PEPE?
1 PEPE is worth 0.000001916666666667 RENDER at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the PEPE/RENDER range?
Over the last 380 daily candles the ratio traded between 0.000001423407139629 (04.06.2026) and 0.000003879093198992 (02.01.2026).
Are PEPE and RENDER correlated?
The correlation of daily log returns between PEPE and RENDER is 0.71, 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 PEPE/RENDER spread z-score now?
The z-score is -0.53 — 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 PEPE/RENDER suitable for a pair trade?
The mechanics hold up: correlation is 0.71 and the spread historically covers half the way back to its mean in about 35 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.