PEPE / XAUT ratio and spread
1 PEPE = 0 XAUT. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.384 and the correlation between the legs is 0.38.
If you hold PEPE · If you hold XAUT
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Key numbers
over 217 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 0.38. A spread built on such a weak link reverts by coincidence rather than by mechanism.
The spread currently sits at 2.68 standard deviations above its rolling mean — PEPE is expensive relative to XAUT by the standards of this window.
Reversion is slow: the spread needs roughly 80 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 — 100% of the way from the low to the high of the last 217 daily candles.
When this happened before
Divergences over 38 candles: 1, and none of them has closed with a return to the norm yet.
One is running right now: it started on 21.09.2026, has lasted 37 days, peak z = 3.75, PEPE was expensive against XAUT. It has not returned to the norm yet.
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 XAUT is 1 PEPE?
1 PEPE is worth 0.000000001321954401 XAUT at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the PEPE/XAUT range?
Over the last 217 daily candles the ratio traded between 0.000000000584119348 (30.06.2026) and 0.000000001321954401 (29.10.2026).
Are PEPE and XAUT correlated?
The correlation of daily log returns between PEPE and XAUT is 0.38, 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 PEPE/XAUT spread z-score now?
The z-score is 2.68 — 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/XAUT suitable for a pair trade?
Weakly. Correlation is only 0.38, so the legs do not reliably move together and the spread carries mostly idiosyncratic noise.
How often do PEPE and XAUT diverge?
Over 38 daily candles the spread left ±2σ 1 times, and none of those divergences has closed with a return to the norm yet.
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.