PAIR.TRADING
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1.185 VIRTUAL
U = 0.999 USDT
VIRTUAL = 0.843 USDT

U / VIRTUAL ratio and spread

1 U = 1.185 VIRTUAL. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is -0.002 and the correlation between the legs is -0.08.

Set an alert on this pair The spread z-score is -1.18 right now. Get a message when it reaches your level — instead of watching the chart.
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If you hold U · If you hold VIRTUAL

Hedge ratio β -0.002
Spread z-score -1.18
Correlation -0.08
Half-life 5.9 1d
β is negative: the legs moved in opposite directions, so this does not work as a pair.

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Key numbers

Current ratio1.18527
Change 1d-8.90%
Change 7d-5.96%
Change 30d-16.75%
Period high1.86612
Period low0.901406
Hedge ratio β-0.002
Spread z-score-1.18
Correlation-0.08
Half-life6 d

over 265 daily candles

What the numbers say

The fitted hedge ratio is negative: over the window U and VIRTUAL moved in opposite directions. A pair trade assumes the legs move together, so this combination does not qualify as one.

The spread is at -1.18 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 6 days, so a divergence here tends to resolve within weeks rather than months.

The current ratio sits mid-range — 29% of the way from the low to the high of the last 265 daily candles.

Frequently asked

How many VIRTUAL is 1 U?

1 U is worth 1.18527 VIRTUAL at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the U/VIRTUAL range?

Over the last 265 daily candles the ratio traded between 0.901406 (14.01.2026) and 1.86612 (09.07.2026).

Are U and VIRTUAL correlated?

The correlation of daily log returns between U and VIRTUAL is -0.08, 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 U/VIRTUAL spread z-score now?

The z-score is -1.18 — 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 U/VIRTUAL 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.

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.

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