Correlation Matrix
30-day Pearson correlation of daily returns across the top 20 Binance USDT-M perpetuals. Dark green = moves together. Dark purple = moves opposite. Neutral gray = decorrelated. Use this to size multi-leg positions or find hedges. Refreshed every 12 hours.
Updated 2026-06-09T19:50Z · window 30d · 20 symbols
| ETH | BTC | XRP | DOGE | BNB | SOL | ADA | AVAX | DOT | LINK | MATIC | NEAR | APT | ARB | SUI | INJ | TIA | PEPE | WIF | TON | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ETH | 1.00 | 0.86 | 0.89 | 0.87 | 0.67 | 0.92 | 0.86 | 0.90 | 0.80 | 0.94 | -0.06 | 0.45 | 0.84 | 0.83 | 0.60 | 0.43 | 0.67 | 0.00 | 0.67 | 0.53 |
| BTC | 0.86 | 1.00 | 0.89 | 0.79 | 0.72 | 0.90 | 0.76 | 0.78 | 0.68 | 0.86 | -0.08 | 0.19 | 0.76 | 0.69 | 0.57 | 0.26 | 0.58 | 0.00 | 0.50 | 0.42 |
| XRP | 0.89 | 0.89 | 1.00 | 0.86 | 0.66 | 0.92 | 0.84 | 0.83 | 0.83 | 0.94 | -0.10 | 0.30 | 0.82 | 0.77 | 0.67 | 0.42 | 0.62 | 0.00 | 0.73 | 0.46 |
| DOGE | 0.87 | 0.79 | 0.86 | 1.00 | 0.68 | 0.84 | 0.82 | 0.86 | 0.81 | 0.89 | -0.04 | 0.35 | 0.80 | 0.78 | 0.62 | 0.40 | 0.60 | 0.00 | 0.68 | 0.47 |
| BNB | 0.67 | 0.72 | 0.66 | 0.68 | 1.00 | 0.70 | 0.67 | 0.66 | 0.54 | 0.71 | -0.04 | 0.13 | 0.59 | 0.57 | 0.42 | 0.36 | 0.46 | 0.00 | 0.44 | 0.39 |
| SOL | 0.92 | 0.90 | 0.92 | 0.84 | 0.70 | 1.00 | 0.87 | 0.87 | 0.80 | 0.93 | -0.06 | 0.41 | 0.88 | 0.80 | 0.67 | 0.44 | 0.66 | 0.00 | 0.70 | 0.54 |
| ADA | 0.86 | 0.76 | 0.84 | 0.82 | 0.67 | 0.87 | 1.00 | 0.89 | 0.82 | 0.87 | 0.02 | 0.49 | 0.87 | 0.78 | 0.64 | 0.52 | 0.65 | 0.00 | 0.70 | 0.65 |
| AVAX | 0.90 | 0.78 | 0.83 | 0.86 | 0.66 | 0.87 | 0.89 | 1.00 | 0.90 | 0.90 | -0.01 | 0.51 | 0.94 | 0.87 | 0.64 | 0.46 | 0.74 | 0.00 | 0.76 | 0.60 |
| DOT | 0.80 | 0.68 | 0.83 | 0.81 | 0.54 | 0.80 | 0.82 | 0.90 | 1.00 | 0.90 | -0.00 | 0.60 | 0.90 | 0.87 | 0.69 | 0.50 | 0.82 | 0.00 | 0.89 | 0.56 |
| LINK | 0.94 | 0.86 | 0.94 | 0.89 | 0.71 | 0.93 | 0.87 | 0.90 | 0.90 | 1.00 | -0.04 | 0.45 | 0.89 | 0.87 | 0.71 | 0.49 | 0.76 | 0.00 | 0.81 | 0.62 |
| MATIC | -0.06 | -0.08 | -0.10 | -0.04 | -0.04 | -0.06 | 0.02 | -0.01 | -0.00 | -0.04 | 1.00 | 0.03 | 0.00 | 0.04 | 0.02 | -0.06 | 0.06 | 0.00 | -0.01 | 0.01 |
| NEAR | 0.45 | 0.19 | 0.30 | 0.35 | 0.13 | 0.41 | 0.49 | 0.51 | 0.60 | 0.45 | 0.03 | 1.00 | 0.54 | 0.50 | 0.32 | 0.57 | 0.69 | 0.00 | 0.60 | 0.49 |
| APT | 0.84 | 0.76 | 0.82 | 0.80 | 0.59 | 0.88 | 0.87 | 0.94 | 0.90 | 0.89 | 0.00 | 0.54 | 1.00 | 0.90 | 0.70 | 0.55 | 0.80 | 0.00 | 0.83 | 0.67 |
| ARB | 0.83 | 0.69 | 0.77 | 0.78 | 0.57 | 0.80 | 0.78 | 0.87 | 0.87 | 0.87 | 0.04 | 0.50 | 0.90 | 1.00 | 0.61 | 0.54 | 0.78 | 0.00 | 0.80 | 0.64 |
| SUI | 0.60 | 0.57 | 0.67 | 0.62 | 0.42 | 0.67 | 0.64 | 0.64 | 0.69 | 0.71 | 0.02 | 0.32 | 0.70 | 0.61 | 1.00 | 0.31 | 0.58 | 0.00 | 0.64 | 0.50 |
| INJ | 0.43 | 0.26 | 0.42 | 0.40 | 0.36 | 0.44 | 0.52 | 0.46 | 0.50 | 0.49 | -0.06 | 0.57 | 0.55 | 0.54 | 0.31 | 1.00 | 0.63 | 0.00 | 0.61 | 0.51 |
| TIA | 0.67 | 0.58 | 0.62 | 0.60 | 0.46 | 0.66 | 0.65 | 0.74 | 0.82 | 0.76 | 0.06 | 0.69 | 0.80 | 0.78 | 0.58 | 0.63 | 1.00 | 0.00 | 0.79 | 0.66 |
| PEPE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| WIF | 0.67 | 0.50 | 0.73 | 0.68 | 0.44 | 0.70 | 0.70 | 0.76 | 0.89 | 0.81 | -0.01 | 0.60 | 0.83 | 0.80 | 0.64 | 0.61 | 0.79 | 0.00 | 1.00 | 0.67 |
| TON | 0.53 | 0.42 | 0.46 | 0.47 | 0.39 | 0.54 | 0.65 | 0.60 | 0.56 | 0.62 | 0.01 | 0.49 | 0.67 | 0.64 | 0.50 | 0.51 | 0.66 | 0.00 | 0.67 | 1.00 |
How to use the matrix
- > 0.8 · moving together, essentially one bet. Don't double up.
- 0.4 to 0.8 · correlated, partial hedge if long + short.
- -0.2 to 0.4 · largely independent, good diversification.
- < -0.2 · rare in crypto; use as confirmation when it shows up.
Correlations drift over time · a 0.9 today can be 0.4 next month. Re-check before sizing. Data: Binance markPriceKlines 1d, keyless public endpoint.