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0.0139883 CAKE

SAGA = 0.03574 USDT

CAKE = 2.555 USDT

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

SAGA / CAKE ratio and spread

1 SAGA = 0.0139883 CAKE. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 2.327 and the correlation between the legs is 0.39.

Set an alert on this pair The spread z-score is -1.06 right now. Get a message when it reaches your level — instead of watching the chart.

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Hedge ratio β 2.327

Spread z-score -1.06

Correlation 0.39

Half-life 32.8 1d

The spread is within ±2σ — the pair is near its own norm.

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Key numbers

Current ratio0.0139883

Change 1d34.07%

Change 7d54.18%

Change 30d57.92%

Period high0.0827335

Period low0.00639425

Hedge ratio β2.327

Spread z-score-1.06

Correlation0.39

Half-life33 d

over 357 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 -1.06 standard deviations from its rolling mean: away from the norm, but not far enough to call it stretched.

Reversion is slow: the spread needs roughly 33 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 10% of the way from the low to the high of the last 357 daily candles.

Frequently asked

How many CAKE is 1 SAGA?

1 SAGA is worth 0.0139883 CAKE at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the SAGA/CAKE range?

Over the last 357 daily candles the ratio traded between 0.00639425 (08.09.2026) and 0.0827335 (01.10.2025).

Are SAGA and CAKE correlated?

The correlation of daily log returns between SAGA and CAKE 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 SAGA/CAKE spread z-score now?

The z-score is -1.06 — 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 SAGA/CAKE 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.