ZRO / GLMR ratio and spread
1 ZRO = 162.53 GLMR. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.290 and the correlation between the legs is 0.37.
If you hold ZRO · If you hold GLMR
ZRO has been more expensive against GLMR than now only 2 % of the time over 1.0 years. If you hold ZRO, this is worth a look at rotating into GLMR.
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Key numbers
over 370 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The legs barely move together: correlation of daily log returns is only 0.37. A spread built on such a weak link reverts by coincidence rather than by mechanism.
The spread currently sits at 2.01 standard deviations above its rolling mean — ZRO is expensive relative to GLMR by the standards of this window.
Reversion is slow: the spread needs roughly 46 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 — 64% of the way from the low to the high of the last 370 daily candles.
Frequently asked
How many GLMR is 1 ZRO?
1 ZRO is worth 162.529 GLMR at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the ZRO/GLMR range?
Over the last 370 daily candles the ratio traded between 32.3288 (08.12.2025) and 236.335 (26.09.2026).
Are ZRO and GLMR correlated?
The correlation of daily log returns between ZRO and GLMR is 0.37, 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 ZRO/GLMR spread z-score now?
The z-score is 2.01 — 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 ZRO/GLMR suitable for a pair trade?
Weakly. Correlation is only 0.37, so the legs do not reliably move together and the spread carries mostly idiosyncratic noise.
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.