LINK / ENA ratio and spread
1 LINK = 81.34 ENA. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.472 and the correlation between the legs is 0.71.
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Key numbers
over 350 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 closely together — correlation of daily log returns is 0.71. The fitted hedge ratio is 0.47, meaning roughly 0.47 units of ENA exposure balance one unit of LINK.
The spread is at 0.84 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 7 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits mid-range — 58% of the way from the low to the high of the last 350 daily candles.
Frequently asked
How many ENA is 1 LINK?
1 LINK is worth 81.3352 ENA at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the LINK/ENA range?
Over the last 350 daily candles the ratio traded between 34.7843 (19.10.2025) and 114.412 (19.08.2026).
Are LINK and ENA correlated?
The correlation of daily log returns between LINK and ENA is 0.71, 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 LINK/ENA spread z-score now?
The z-score is 0.84 — 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 LINK/ENA suitable for a pair trade?
The mechanics hold up: correlation is 0.71 and the spread historically covers half the way back to its mean in about 7 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.