Crypto Correlation Scanner (Statistical Arbitrage) 🔗

Find highly correlated crypto pairs for Pair Trading and Hedging.

This scanner analyzes historical price data of top cryptocurrencies to find pairs that move together (High Positive Correlation) or move inversely (High Negative Correlation). This is essential for Statistical Arbitrage, Pair Trading, and Risk Management.

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🌟 Why use Correlation?

• Pair Trading: Find two assets that move together (e.g., BTC & ETH often have >0.9 correlation). When they temporarily diverge, you can Short the winner and Long the loser, profiting when they converge again.
• Hedging: Find assets with negative correlation to hedge your portfolio against market downturns.
• Diversification: Ensure you aren't just buying 10 coins that all move exactly the same way.

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🛠 How it works

1. Top Coins: Fetches top N coins by market cap.
2. Historical Data: Pulls daily price history (OHLCV) for the last X days (default 90).
3. Correlation Matrix: Calculates the Pearson Correlation Coefficient for every possible pair combination.
4. Filtering: Returns only the pairs that meet your minimum correlation threshold (e.g., > 0.50).

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📥 Configuration (Input)

Parameter	Default	Description
Minimum Correlation	0.5	Minimum correlation coefficient (absolute value) to report.
Days	90	Number of days of historical data to analyze.
Top N Results	20	Number of top correlated pairs to return.
Proxy Configuration	None	Recommended: Use a Residential Proxy (NL/DE) to ensure uninterrupted access to Binance Global data.

Example Input

{
  "min_correlation": 0.8,
  "days": 90,
  "top_n": 20,
  "proxyConfiguration": {
    "useApifyProxy": true,
    "apifyProxyCountry": "NL"
  }
}

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🌐 Proxy Support

This actor supports Apify Proxy to ensure reliable access to Binance API data.

• Residential Proxy (Recommended): If you have an Apify paid plan, selecting Residential proxy will provide the most stable performance by avoiding rate limits and geo-blocks.
• Automatic Fallback: If you don't have proxy access (Free Tier), the actor will automatically switch to Direct Connection Mode and use alternative endpoints (e.g., Binance US) to ensure it still works for you.

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📤 Results (Output)

The output provides the correlation strength and volatility metrics:

[
  {
    "symbol": "BTC/ETH",
    "correlation": 0.92,
    "vol_1": 45.2,
    "vol_2": 52.1,
    "details": "Correlation: +0.920 | Spread Trading | Vol1: 45.2% | Vol2: 52.1%"
  },
  {
    "symbol": "SOL/ADA",
    "correlation": 0.78,
    "vol_1": 65.4,
    "vol_2": 58.9,
    "details": "Correlation: +0.780 | Spread Trading | Vol1: 65.4% | Vol2: 58.9%"
  }
]

• Correlation > 0.8: Very Strong (Good for Pair Trading)
• Correlation < -0.5: Negative (Good for Hedging)

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📦 About

Created by Eray Diler for StrategyLab. StrategyLab is a software studio dedicated to building high-quality developer tools, financial scanners, and productivity apps for macOS & iOS. We craft solutions that help traders and developers find their edge.