UNI / W ratio and spread
1 UNI = 622.22 W. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.291 and the correlation between the legs is 0.65.
If you hold UNI · If you hold W
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Key numbers
over 364 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 0.65, with a hedge ratio of 0.29. Signals from this pair carry more noise than on a tightly linked one.
The spread currently sits at 2.72 standard deviations above its rolling mean — UNI is expensive relative to W by the standards of this window.
The spread has not shown mean reversion over the sample: estimates longer than the available history are discarded rather than reported. Trading this pair on reversion has no statistical footing here.
The current ratio sits mid-range — 72% of the way from the low to the high of the last 364 daily candles.
Frequently asked
How many W is 1 UNI?
1 UNI is worth 622.222 W at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the UNI/W range?
Over the last 364 daily candles the ratio traded between 57.1156 (07.10.2025) and 839.837 (23.09.2026).
Are UNI and W correlated?
The correlation of daily log returns between UNI and W is 0.65, 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 UNI/W spread z-score now?
The z-score is 2.72 — 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 UNI/W suitable for a pair trade?
Not on a reversion thesis. The spread has not returned to its mean within the available history, so there is nothing to trade back to.
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.