PEPE / ZEC ratio and spread
1 PEPE = 0 ZEC. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.000 and the correlation between the legs is 0.39.
If you hold PEPE · If you hold ZEC
PEPE is cheaper against ZEC than in 4 % of the time over 3.5 years. If you hold ZEC, this is worth a look at rotating into PEPE.
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Key numbers
over 1274 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The fitted hedge ratio is negative: over the window PEPE and ZEC moved in opposite directions. A pair trade assumes the legs move together, so this combination does not qualify as one.
The spread currently sits at 2.07 standard deviations above its rolling mean — PEPE is expensive relative to ZEC by the standards of this window.
Reversion is slow: the spread needs roughly 259 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 0% of the way from the low to the high of the last 1274 daily candles.
When this happened before
Divergences over 1095 candles: 6. Closed by a return to the norm: 5. The median return took 76 days, the longest one 158 days.
The last closed one ran from 05.06.2026 to 20.08.2026, 76 days: peak z = -2.27, ZEC was expensive against PEPE.
One is running right now: it started on 22.09.2026, has lasted 37 days, peak z = 2.53, PEPE was expensive against ZEC. 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 76 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 05.06.2026 — 20.08.2026 | ZEC | -2.27 | 76 d |
| 10.10.2025 — 04.01.2026 | ZEC | -3.06 | 86 d |
| 10.03.2025 — 08.05.2025 | ZEC | -2.00 | 59 d |
| 13.11.2024 — 24.01.2025 | PEPE | 3.51 | 72 d |
| 26.02.2024 — 02.08.2024 | PEPE | 4.89 | 158 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 ZEC is 1 PEPE?
1 PEPE is worth 0.000000003870670455 ZEC at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the PEPE/ZEC range?
Over the last 1274 daily candles the ratio traded between 0.000000002437856983 (19.09.2026) and 0.000000660146699267 (26.06.2024).
Are PEPE and ZEC correlated?
The correlation of daily log returns between PEPE and ZEC is 0.39, 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/ZEC spread z-score now?
The z-score is 2.07 — 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/ZEC suitable for a pair trade?
No. The fitted hedge ratio is negative, meaning the legs moved in opposite directions over the window — the market-neutral construction that pair trading relies on does not hold here.
How often do PEPE and ZEC diverge?
Over 1095 daily candles the spread left ±2σ 6 times. The median return to the norm took 76 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.