Correlation: 0.81 · Cointegrated: yes
Z-score: 1.89 entry / 0.69 rolling
Half-life 3.1h · Hurst 0.89 · Hedge ratio 0.24
Pair volatility: 17.11%
Backtest: 35.71% win · Sharpe -1.86 · -0.57% return · 0.86% max drawdown
Pair Analysis: XRP / BNB
- Status: Both assets are available on Hyperliquid (Core).
- Roll Z-Score (1h): -1.93 (Snapshot age: 1.2h)
- Roll Z-Score (4h): -2.10 (Snapshot age: 7.2h)
- Roll Z-Score (1d): +1.01 (Snapshot age: 2.0d)
- Correlation: 0.81 (1h)
- Hedge Weights (4h): 4.0% XRP / 96.0% BNB (Sizing basis)
Analysis & Sentiment
- Technical Divergence: The short-term Z-scores (1h/4h) are deeply negative, indicating that the spread (BNB/XRP) is currently at a local extreme where BNB is "cheap" relative to XRP. Your chosen direction (Long XRP / Short BNB) is currently running against the short-term mean-reversion signal.
- Sentiment Alignment: There is a clear fundamental divergence. Sentiment is Bullish for XRP (driven by institutional adoption and supply constraints) and Bearish for BNB (due to deleveraging and crowded long positioning).
- Conclusion: While the sentiment supports your directional bias, the technicals suggest the pair is currently "stretched" in the opposite direction. The 1d Z-score (+1.01) provides some longer-term support for your position, but the 1h/4h technicals warn of potential short-term mean-reversion pressure against your trade.
XRP
BNB