TRX / UNI ratio and spread
1 TRX = 0.0468551 UNI. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is -0.128 and the correlation between the legs is 0.44.
If you hold TRX · If you hold UNI
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Key numbers
over 2234 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The fitted hedge ratio is negative: over the window TRX and UNI moved in opposite directions. A pair trade assumes the legs move together, so this combination does not qualify as one.
The spread is at 0.76 standard deviations from its rolling mean, which is effectively at its own norm.
Reversion is slow: the spread needs roughly 309 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 — 35% of the way from the low to the high of the last 2234 daily candles.
When this happened before
Divergences over 2055 candles: 13. Closed by a return to the norm: 12. The median return took 52 days, the longest one 196 days.
The last closed one ran from 04.05.2026 to 02.06.2026, 29 days: peak z = 2.76, TRX was expensive against UNI.
One is running right now: it started on 05.09.2026, has lasted 54 days, peak z = 2.76, TRX was expensive against UNI. It has not returned to the norm yet.
For a holder this answers not “what to do” but “how long it usually took”: the median return is 52 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 04.05.2026 — 02.06.2026 | TRX | 2.76 | 29 d |
| 05.02.2026 — 14.03.2026 | UNI | -2.01 | 37 d |
| 09.07.2025 — 10.10.2025 | TRX | 3.19 | 93 d |
| 20.08.2024 — 05.02.2025 | TRX | 6.31 | 169 d |
| 29.09.2023 — 12.04.2024 | TRX | 3.41 | 196 d |
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 UNI is 1 TRX?
1 TRX is worth 0.0468551 UNI at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the TRX/UNI range?
Over the last 2234 daily candles the ratio traded between 0.00148653 (07.03.2021) and 0.130398 (06.06.2026).
Are TRX and UNI correlated?
The correlation of daily log returns between TRX and UNI is 0.44, 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 TRX/UNI spread z-score now?
The z-score is 0.76 — 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/UNI suitable for a pair trade?
No. The fitted hedge ratio is negative, meaning the legs moved in opposite directions over the window — the market-neutral construction that pair trading relies on does not hold here.
How often do TRX and UNI diverge?
Over 2055 daily candles the spread left ±2σ 13 times. The median return to the norm took 52 days.
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.