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1.746 NIL

PROVE = 0.232 USDT

NIL = 0.133 USDT

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Derived series only: the ratio of the two legs and the spread z-score. Exchange candles are not included.

PROVE / NIL ratio and spread

1 PROVE = 1.746 NIL. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.650 and the correlation between the legs is 0.30.

Set an alert on this pair The spread z-score is -3.33 right now. Get a message when it reaches your level — instead of watching the chart.

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If you hold PROVE · If you hold NIL

Hedge ratio β 0.650

Spread z-score -3.33

Correlation 0.30

Half-life 18.4 1d

The spread is beyond −2σ: historically such a divergence closed in about 18 days.

Alerts

Key numbers

Current ratio1.74618

Change 1d-35.47%

Change 7d-61.37%

Change 30d-54.51%

Period high9.88804

Period low1.74618

Hedge ratio β0.650

Spread z-score-3.33

Correlation0.30

Half-life18 d

over 361 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 0.30. A spread built on such a weak link reverts by coincidence rather than by mechanism.

The spread currently sits at -3.33 standard deviations from its rolling mean — PROVE is cheap relative to NIL by the standards of this window.

Historically the spread covers half the way back to its mean in about 18 days, so a divergence here tends to resolve within weeks rather than months.

The current ratio sits near the bottom of its range — only 0% of the way from the low to the high of the last 361 daily candles.

Frequently asked

How many NIL is 1 PROVE?

1 PROVE is worth 1.74618 NIL at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the PROVE/NIL range?

Over the last 361 daily candles the ratio traded between 1.74618 (24.09.2026) and 9.88804 (25.03.2026).

Are PROVE and NIL correlated?

The correlation of daily log returns between PROVE and NIL is 0.30, 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 PROVE/NIL spread z-score now?

The z-score is -3.33 — 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 PROVE/NIL suitable for a pair trade?

Weakly. Correlation is only 0.30, so the legs do not reliably move together and the spread carries mostly idiosyncratic noise.

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.