SAND / ETH ratio and spread
1 SAND = 2.36E-5 ETH. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.696 and the correlation between the legs is 0.73.
If you hold SAND · If you hold ETH
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Key numbers
over 369 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The legs move closely together — correlation of daily log returns is 0.73. The fitted hedge ratio is 1.70, meaning roughly 1.70 units of ETH exposure balance one unit of SAND.
The spread is at -1.58 standard deviations from its rolling mean: away from the norm, but not far enough to call it stretched.
The spread has not shown mean reversion over the sample: estimates longer than the available history are discarded rather than reported. Trading this pair on reversion has no statistical footing here.
The current ratio sits near the bottom of its range — only 18% of the way from the low to the high of the last 369 daily candles.
Frequently asked
How many ETH is 1 SAND?
1 SAND is worth 0.000023609468532232 ETH at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the SAND/ETH range?
Over the last 369 daily candles the ratio traded between 0.000013735985506322 (11.09.2026) and 0.000068280669969934 (10.10.2025).
Are SAND and ETH correlated?
The correlation of daily log returns between SAND and ETH is 0.73, which counts as a strong 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 SAND/ETH spread z-score now?
The z-score is -1.58 — 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 SAND/ETH suitable for a pair trade?
Not on a reversion thesis. The spread has not returned to its mean within the available history, so there is nothing to trade back to.
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.