W / XPL ratio and spread
1 W = 0.1462484 XPL. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.185 and the correlation between the legs is 0.60.
If you hold W · If you hold XPL
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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 0.60, with a hedge ratio of 1.18. Signals from this pair carry more noise than on a tightly linked one.
The spread is at -0.15 standard deviations from its rolling mean, which is effectively at its own norm.
Historically the spread covers half the way back to its mean in about 18 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits mid-range — 37% of the way from the low to the high of the last 364 daily candles.
Frequently asked
How many XPL is 1 W?
1 W is worth 0.146248 XPL at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the W/XPL range?
Over the last 364 daily candles the ratio traded between 0.0709128 (29.09.2025) and 0.276779 (18.12.2025).
Are W and XPL correlated?
The correlation of daily log returns between W and XPL is 0.60, 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 W/XPL spread z-score now?
The z-score is -0.15 — 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 W/XPL suitable for a pair trade?
The mechanics hold up: correlation is 0.60 and the spread historically covers half the way back to its mean in about 18 days. That is a description of past behaviour, not a forecast or a recommendation.
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.