UNI / WLD ratio and spread
1 UNI = 16.83 WLD. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.312 and the correlation between the legs is 0.49.
If you hold UNI · If you hold WLD
UNI has been more expensive against WLD than now only 2 % of the time over 3.3 years. If you hold UNI, this is worth a look at rotating into WLD.
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Key numbers
over 1194 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 0.49, with a hedge ratio of 0.31. Signals from this pair carry more noise than on a tightly linked one.
The spread is at 1.20 standard deviations from its rolling mean: away from the norm, but not far enough to call it stretched.
Reversion is slow: the spread needs roughly 65 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 1194 daily candles.
When this happened before
Divergences over 1015 candles: 7. Closed by a return to the norm: 6. The median return took 46 days, the longest one 90 days.
The last closed one ran from 01.06.2026 to 08.07.2026, 37 days: peak z = -3.53, WLD was expensive against UNI.
One is running right now: it started on 30.08.2026, has lasted 60 days, peak z = 3.29, UNI was expensive against WLD. 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 46 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 01.06.2026 — 08.07.2026 | WLD | -3.53 | 37 d |
| 05.02.2026 — 06.05.2026 | WLD | -2.62 | 90 d |
| 27.07.2025 — 08.09.2025 | UNI | 2.44 | 43 d |
| 22.11.2024 — 02.02.2025 | UNI | 4.20 | 72 d |
| 15.06.2024 — 16.07.2024 | UNI | 2.39 | 31 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 WLD is 1 UNI?
1 UNI is worth 16.8314 WLD at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the UNI/WLD range?
Over the last 1194 daily candles the ratio traded between 0.832577 (22.02.2024) and 22.8441 (24.09.2026).
Are UNI and WLD correlated?
The correlation of daily log returns between UNI and WLD is 0.49, 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/WLD spread z-score now?
The z-score is 1.20 — 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 UNI/WLD suitable for a pair trade?
The mechanics hold up: correlation is 0.49 and the spread historically covers half the way back to its mean in about 65 days. That is a description of past behaviour, not a forecast or a recommendation.
How often do UNI and WLD diverge?
Over 1015 daily candles the spread left ±2σ 7 times. The median return to the norm took 46 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.