TRX / U ratio and spread
1 TRX = 0.3485954 U. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 6.995 and the correlation between the legs is -0.03.
If you hold TRX · If you hold U
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Key numbers
over 290 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 -0.03. A spread built on such a weak link reverts by coincidence rather than by mechanism.
The spread is at -0.41 standard deviations from its rolling mean, which is effectively at its own norm.
Reversion is slow: the spread needs roughly 44 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 mid-range — 73% of the way from the low to the high of the last 290 daily candles.
When this happened before
Over 111 daily candles the spread of this pair has never left ±2σ: TRX and U stayed closer to each other than most pairs do. A divergence worth waiting for has simply not happened here yet.
A divergence here is the spread z-score leaving ±2σ; the return is the first value back inside ±0.5σ. Two thresholds rather than one: otherwise chatter right at the border would count as a dozen separate divergences. The first bars of the window are skipped — there z is computed on partial history.
Frequently asked
How many U is 1 TRX?
1 TRX is worth 0.348595 U at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the TRX/U range?
Over the last 290 daily candles the ratio traded between 0.273616 (06.02.2026) and 0.37701 (26.05.2026).
Are TRX and U correlated?
The correlation of daily log returns between TRX and U is -0.03, 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 TRX/U spread z-score now?
The z-score is -0.41 — 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 TRX/U suitable for a pair trade?
Weakly. Correlation is only -0.03, so the legs do not reliably move together and the spread carries mostly idiosyncratic noise.
How often do TRX and U diverge?
Never over 111 daily candles: the spread of this pair has not left ±2σ.
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.