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 2026-09-12T04:03Z · window 30d · 20 symbols
BTCETHSOLBNBXRPDOGEADAAVAXLINKDOTPOLNEARAPTARBSUIINJTIA1000PEPEWIFTRX
BTC1.000.860.810.710.910.840.860.830.760.350.320.510.560.430.770.490.610.870.840.40
ETH0.861.000.820.610.740.710.720.760.750.340.140.530.520.470.710.530.570.730.670.32
SOL0.810.821.000.650.690.720.710.710.780.300.230.490.470.430.670.460.560.700.720.41
BNB0.710.610.651.000.750.850.800.680.610.430.330.270.560.660.740.360.520.740.770.45
XRP0.910.740.690.751.000.900.890.850.670.510.350.490.610.410.830.470.620.910.870.46
DOGE0.840.710.720.850.901.000.960.870.780.540.370.470.730.580.930.470.750.930.930.50
ADA0.860.720.710.800.890.961.000.860.780.540.350.510.780.580.910.480.760.940.920.52
AVAX0.830.760.710.680.850.870.861.000.760.590.140.540.640.510.870.630.800.840.870.37
LINK0.760.750.780.610.670.780.780.761.000.440.250.570.580.530.770.410.830.750.720.33
DOT0.350.340.300.430.510.540.540.590.441.000.010.330.600.220.580.590.530.560.500.33
POL0.320.140.230.330.350.370.350.140.250.011.000.070.140.100.290.090.180.450.340.29
NEAR0.510.530.490.270.490.470.510.540.570.330.071.000.480.340.570.280.580.500.480.32
APT0.560.520.470.560.610.730.780.640.580.600.140.481.000.570.820.520.710.690.700.42
ARB0.430.470.430.660.410.580.580.510.530.220.100.340.571.000.610.200.610.450.500.18
SUI0.770.710.670.740.830.930.910.870.770.580.290.570.820.611.000.530.780.880.890.41
INJ0.490.530.460.360.470.470.480.630.410.590.090.280.520.200.531.000.450.470.450.31
TIA0.610.570.560.520.620.750.760.800.830.530.180.580.710.610.780.451.000.710.720.23
1000PEPE0.870.730.700.740.910.930.940.840.750.560.450.500.690.450.880.470.711.000.930.47
WIF0.840.670.720.770.870.930.920.870.720.500.340.480.700.500.890.450.720.931.000.42
TRX0.400.320.410.450.460.500.520.370.330.330.290.320.420.180.410.310.230.470.421.00

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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