Pair is strongly diverging away from the mean. High risk of further deviation.
Regime: STRONG_DIVERGENCE (low confidence)
Correlation: 0.69 · Cointegrated: yes
Z-score: -1.22 entry / -1.50 rolling
Half-life 1.5h · Hurst 0.89 · Hedge ratio 0.59
Pair volatility: 37.41%
Backtest: 69.57% win · Sharpe 2.62 · 1.85% return · 0.90% max drawdown
Pair Analysis: Long BB / Short BERA
- Roll Z-Score (1h): -1.50 (Snapshot: ~1.3h old)
- Correlation: 0.69
- Half-Life: 36h (~1.5d)
- Hedge Ratio (4h): 0.81 (Sizing: 55% BB / 45% BERA)
Setup Remark:
This is a mean-reversion setup where BB is statistically "cheap" relative to BERA on the 1h timeframe (Z-score -1.50). The trade is fundamentally supported by the bearish sentiment surrounding BERA, which is currently struggling with fresh all-time lows, a significant supply overhang, and concerns over hollow TVL.
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Note: The 1h Z-score indicates the spread is currently below its mean, supporting the "Long BB / Short BERA" direction. Ensure you monitor the 1h/4h Z-score alignment, as the 1d timeframe shows a weaker correlation (0.40) and a diverging Z-score, suggesting this is best played as a shorter-term mean-reversion trade rather than a long-term structural hedge.
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Venue Status:
- BB: Listed on Hyperliquid (xyz:BB, max 10x leverage).
- BERA: Listed on Hyperliquid (BERA, max 5x leverage).
BB
BERA