RARE / XPL ratio and spread
1 RARE = 0.1973749 XPL. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.601 and the correlation between the legs is 0.39.
If you hold RARE · If you hold XPL
Sign in to keep favourite pairs.
Alerts
Sign in to set your own alerts.
Key numbers
over 363 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 0.39. A spread built on such a weak link reverts by coincidence rather than by mechanism.
The spread is at -0.17 standard deviations from its rolling mean, which is effectively at its own norm.
Historically the spread covers half the way back to its mean in about 10 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits mid-range — 75% of the way from the low to the high of the last 363 daily candles.
Frequently asked
How many XPL is 1 RARE?
1 RARE is worth 0.197375 XPL at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the RARE/XPL range?
Over the last 363 daily candles the ratio traded between 0.0354564 (29.09.2025) and 0.250883 (09.02.2026).
Are RARE and XPL correlated?
The correlation of daily log returns between RARE and XPL 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 RARE/XPL spread z-score now?
The z-score is -0.17 — 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 RARE/XPL suitable for a pair trade?
Weakly. Correlation is only 0.39, 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.