Derivatives · 30d

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 2026-07-29T04:34Z · window 30d · 20 symbols
SOLETHBNBBTCXRPAVAXADADOGELINKDOTNEARPOLARBAPTSUIINJTIAWIFPEPETON
SOL1.000.850.720.840.760.630.650.660.820.550.710.510.420.730.860.550.450.530.000.44
ETH0.851.000.830.890.870.630.680.810.960.650.750.570.400.750.860.630.570.480.000.23
BNB0.720.831.000.820.810.590.670.790.810.620.680.450.430.690.780.600.640.620.000.33
BTC0.840.890.821.000.870.610.700.760.870.640.680.560.500.750.860.670.490.470.000.22
XRP0.760.870.810.871.000.650.870.890.850.740.670.460.470.760.860.650.590.580.000.14
AVAX0.630.630.590.610.651.000.590.790.600.580.490.440.520.640.640.500.400.770.000.27
ADA0.650.680.670.700.870.591.000.740.650.630.530.370.430.680.770.530.470.540.000.07
DOGE0.660.810.790.760.890.790.741.000.790.740.570.520.500.700.760.540.570.760.000.09
LINK0.820.960.810.870.850.600.650.791.000.700.820.560.450.780.870.630.550.480.000.15
DOT0.550.650.620.640.740.580.630.740.701.000.520.480.560.630.740.520.400.410.000.14
NEAR0.710.750.680.680.670.490.530.570.820.521.000.460.340.700.730.630.560.470.000.19
POL0.510.570.450.560.460.440.370.520.560.480.461.000.380.550.560.450.370.410.000.07
ARB0.420.400.430.500.470.520.430.500.450.560.340.381.000.530.610.490.430.310.000.18
APT0.730.750.690.750.760.640.680.700.780.630.700.550.531.000.780.700.590.560.000.12
SUI0.860.860.780.860.860.640.770.760.870.740.730.560.610.781.000.690.560.530.000.25
INJ0.550.630.600.670.650.500.530.540.630.520.630.450.490.700.691.000.440.360.000.28
TIA0.450.570.640.490.590.400.470.570.550.400.560.370.430.590.560.441.000.500.000.34
WIF0.530.480.620.470.580.770.540.760.480.410.470.410.310.560.530.360.501.000.000.26
PEPE0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
TON0.440.230.330.220.140.270.070.090.150.140.190.070.180.120.250.280.340.260.001.00

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.

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