PAIR.TRADING

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29783.55 DOGE

ETH = 2505.69 USDT
DOGE = 0.08 USDT

export 1d data

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

ETH / DOGE ratio and spread

1 ETH = 29783.55 DOGE. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.772 and the correlation between the legs is 0.82.

Set an alert on this pair The spread z-score is 1.41 right now. Get a message when it reaches your level — instead of watching the chart.
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Hedge ratio β 0.772
Spread z-score 1.41
Correlation 0.82
Half-life 53.6 1d
The spread is within ±2σ — the pair is near its own norm.

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Key numbers

Current ratio29783.5
Change 1d-0.12%
Change 7d8.50%
Change 30d10.83%
Period high30545.2
Period low17099.8
Hedge ratio β0.772
Spread z-score1.41
Correlation0.82
Half-life54 d

over 350 daily candles

What the numbers say

The legs move closely together — correlation of daily log returns is 0.82. The fitted hedge ratio is 0.77, meaning roughly 0.77 units of DOGE exposure balance one unit of ETH.

The spread is at 1.41 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 54 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 in the upper part of its range — 94% of the way from the low to the high of the last 350 daily candles.

Frequently asked

How many DOGE is 1 ETH?

1 ETH is worth 29783.5 DOGE at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the ETH/DOGE range?

Over the last 350 daily candles the ratio traded between 17099.8 (02.10.2025) and 30545.2 (19.08.2026).

Are ETH and DOGE correlated?

The correlation of daily log returns between ETH and DOGE is 0.82, which counts as a strong 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 ETH/DOGE spread z-score now?

The z-score is 1.41 — 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 ETH/DOGE suitable for a pair trade?

The mechanics hold up: correlation is 0.82 and the spread historically covers half the way back to its mean in about 54 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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