Pair is strongly diverging away from the mean. High risk of further deviation.
short spread · 4× leverage · regime STRONG_DIVERGENCE (low confidence)
Signal
| Metric | Value |
|---|
| Rolling z-score | 2.25 |
| Z-score | 2.25 at entry · 1.21 pair |
| Correlation | 0.63 · cointegrated |
| Half-life | 1.3h |
| Hurst | 0.90 |
| Hedge ratio | 0.23 · long-term beta 0.47 |
| Beta stability | stable · current 0.23 · range 0.01–1.45 · 0 sign changes |
| Lead–lag peak corr | 0.63 |
| Pair volatility | 30.61% |
| Momentum | z-velocity +1.95 · acceleration +1.84 · vol ratio 0.26 |
Backtest
| Metric | Value |
|---|
| Win rate | 73.08% — 19W / 7L over 26 trades |
| Sharpe | 3.67 |
| Total return | +2.60% |
| Max drawdown | 1.05% |
Pair Analysis: Long BB / Short ANIME
- Roll Z-Score (1h): 2.25 (Primary signal; positive value indicates ANIME is rich relative to BB)
- Roll Z-Score (4h): 0.34
- Roll Z-Score (1d): 2.14
- Correlation: 0.63 (1h)
- Hedge Ratio (4h): 0.230 (Sizing: ~19% BB / ~81% ANIME)
Analysis & Sentiment
- Directional Alignment: Your chosen direction (Long BB / Short ANIME) is aligned with the 1h and 1d z-score signals, which suggest ANIME is currently rich relative to BB.
- Sentiment: ANIME is currently facing bearish sentiment due to a significant structural supply overhang (42% of market cap unlocking over the next 10 months), which may continue to weigh on its relative performance.
- Technical Note: The 1h z-score is ~1.3 hours old; verify recent price action to ensure the spread hasn't already mean-reverted significantly. The 4h and 1d z-scores show divergence, suggesting the pair is currently experiencing higher volatility in the short term.
Note: BB is listed on the xyz deployer (HIP-3) and ANIME is on the core deployer. Ensure you have sufficient collateral for both legs, as they operate on different collateral pools.
BB
ANIME