PAIR.TRADING

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32.98 BABY

WLD = 0.41 USDT
BABY = 0.01 USDT

export 1d data

Derived series only: the ratio of the two legs and the spread z-score. Exchange candles are not included.

WLD / BABY ratio and spread

1 WLD = 32.98 BABY. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.663 and the correlation between the legs is 0.41.

Set an alert on this pair The spread z-score is 1.07 right now. Get a message when it reaches your level — instead of watching the chart.
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If you hold WLD · If you hold BABY

WLD has been more expensive against BABY than now only 5 % of the time over 1.5 years. If you hold WLD, this is worth a look at rotating into BABY.

Hedge ratio β 0.663
Spread z-score 1.07
Percentile, 1.5 y 95
Correlation 0.41
Half-life 21.5 1d
The spread is within ±2σ — the pair is near its own norm.

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Key numbers

Current ratio32.9798
Change 1d-10.59%
Change 7d-2.43%
Change 30d4.74%
Period high45.7371
Period low4.34663
Hedge ratio β0.663
Spread z-score1.07
Correlation0.41
Half-life21 d

over 532 daily candles

What the numbers say

The legs move together only moderately — correlation of daily log returns is 0.41, with a hedge ratio of 0.66. Signals from this pair carry more noise than on a tightly linked one.

The spread is at 1.07 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 21 days, so a divergence here tends to resolve within weeks rather than months.

The current ratio sits mid-range — 69% of the way from the low to the high of the last 532 daily candles.

Frequently asked

How many BABY is 1 WLD?

1 WLD is worth 32.9798 BABY at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the WLD/BABY range?

Over the last 532 daily candles the ratio traded between 4.34663 (12.04.2025) and 45.7371 (23.06.2026).

Are WLD and BABY correlated?

The correlation of daily log returns between WLD and BABY is 0.41, 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 WLD/BABY spread z-score now?

The z-score is 1.07 — 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 WLD/BABY suitable for a pair trade?

The mechanics hold up: correlation is 0.41 and the spread historically covers half the way back to its mean in about 21 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.

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