PEPE / SOPH ratio and spread
1 PEPE = 0.0032941 SOPH. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.297 and the correlation between the legs is 0.50.
If you hold PEPE · If you hold SOPH
PEPE has been more expensive against SOPH than now only 3 % of the time over 1.1 years. If you hold PEPE, this is worth a look at rotating into SOPH.
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Key numbers
over 398 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 0.50, with a hedge ratio of 0.30. Signals from this pair carry more noise than on a tightly linked one.
The spread currently sits at 2.26 standard deviations above its rolling mean — PEPE is expensive relative to SOPH by the standards of this window.
Reversion is slow: the spread needs roughly 36 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 in the upper part of its range — 96% of the way from the low to the high of the last 398 daily candles.
When this happened before
Divergences over 219 candles: 2. Closed by a return to the norm: 1. The median return took 24 days, the longest one 24 days.
The last closed one ran from 25.06.2026 to 19.07.2026, 24 days: peak z = -2.02, SOPH was expensive against PEPE.
One is running right now: it started on 21.08.2026, has lasted 71 days, peak z = 4.27, PEPE was expensive against SOPH. 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 24 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 25.06.2026 — 19.07.2026 | SOPH | -2.02 | 24 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 SOPH is 1 PEPE?
1 PEPE is worth 0.00329412 SOPH at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the PEPE/SOPH range?
Over the last 398 daily candles the ratio traded between 0.000171382 (19.12.2025) and 0.00342568 (29.10.2026).
Are PEPE and SOPH correlated?
The correlation of daily log returns between PEPE and SOPH is 0.50, 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 PEPE/SOPH spread z-score now?
The z-score is 2.26 — the spread is stretched beyond two standard deviations. It measures how far the regression residual log(A) − β·log(B) sits from its rolling mean, in standard deviations.
Is PEPE/SOPH suitable for a pair trade?
The mechanics hold up: correlation is 0.50 and the spread historically covers half the way back to its mean in about 36 days. That is a description of past behaviour, not a forecast or a recommendation.
How often do PEPE and SOPH diverge?
Over 219 daily candles the spread left ±2σ 2 times. The median return to the norm took 24 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.