TRUMP / API3 ratio and spread
1 TRUMP = 5.796 API3. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.313 and the correlation between the legs is 0.41.
If you hold TRUMP · If you hold API3
TRUMP is cheaper against API3 than in 0 % of the time over 1.7 years. If you hold API3, this is worth a look at rotating into TRUMP.
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Key numbers
over 627 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 together only moderately — correlation of daily log returns is 0.41, with a hedge ratio of 1.31. Signals from this pair carry more noise than on a tightly linked one.
The spread is at -1.89 standard deviations from its rolling mean: away from the norm, but not far enough to call it stretched.
Historically the spread covers half the way back to its mean in about 19 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits near the bottom of its range — only 2% of the way from the low to the high of the last 627 daily candles.
Frequently asked
How many API3 is 1 TRUMP?
1 TRUMP is worth 5.79563 API3 at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the TRUMP/API3 range?
Over the last 627 daily candles the ratio traded between 4.91134 (19.08.2025) and 50.8827 (19.01.2025).
Are TRUMP and API3 correlated?
The correlation of daily log returns between TRUMP and API3 is 0.41, which counts as a moderate 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 TRUMP/API3 spread z-score now?
The z-score is -1.89 — 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 TRUMP/API3 suitable for a pair trade?
The mechanics hold up: correlation is 0.41 and the spread historically covers half the way back to its mean in about 19 days. That is a description of past behaviour, not a forecast or a recommendation.
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.