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0.4526301 FF

THE = 0.0666 USDT

FF = 0.14714 USDT

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

THE / FF ratio and spread

1 THE = 0.4526301 FF. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.090 and the correlation between the legs is 0.35.

Set an alert on this pair The spread z-score is -2.03 right now. Get a message when it reaches your level — instead of watching the chart.

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Hedge ratio β 1.090

Spread z-score -2.03

Correlation 0.35

Half-life 127.9 1d

The spread is beyond −2σ: historically such a divergence closed in about 128 days.

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Key numbers

Current ratio0.45263

Change 1d-1.62%

Change 7d-10.91%

Change 30d-52.05%

Period high8.04761

Period low0.388973

Hedge ratio β1.090

Spread z-score-2.03

Correlation0.35

Half-life128 d

over 352 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 0.35. A spread built on such a weak link reverts by coincidence rather than by mechanism.

The spread currently sits at -2.03 standard deviations from its rolling mean — THE is cheap relative to FF by the standards of this window.

Reversion is slow: the spread needs roughly 128 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 1% of the way from the low to the high of the last 352 daily candles.

Frequently asked

How many FF is 1 THE?

1 THE is worth 0.45263 FF at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the THE/FF range?

Over the last 352 daily candles the ratio traded between 0.388973 (11.09.2026) and 8.04761 (15.03.2026).

Are THE and FF correlated?

The correlation of daily log returns between THE and FF is 0.35, 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 THE/FF spread z-score now?

The z-score is -2.03 — 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 THE/FF suitable for a pair trade?

Weakly. Correlation is only 0.35, 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.