Event cameras are neuromorphic vision sensors with pixels that independently and asynchronously respond to brightness changes at microsecond resolution, supporting state estimation under rapid motion, motion blur, and high dynamic range (HDR) illumination. This also enables capture of high-frequency blinking patterns from light-emitting diodes (LEDs). Based on this, we propose a real-time event-based framework for LED tracking and six-degree-of-freedom (6-DoF) relative pose estimation using pulse-width modulation (PWM)-encoded LED markers. Multiple LEDs share a common blinking frequency and encode identities through distinct PWM duty cycles, reducing frequency-resource requirements and computational cost. Our dual-rate asynchronous tracking framework combines low-rate LED detection with high-rate raw-event updates, maintaining robust LED identity association and accurate pixel-level tracking under rapid motion. LED identities and positions establish reliable 2D-3D correspondences for real-time metric 6-DoF relative pose estimation. Extensive evaluations on a self-collected dataset demonstrate robustness under large motion flow and transient image-plane LED overlap. Furthermore, we develop a coordinated robotic platform comprising a quadrotor and a Mecanum-wheeled mobile robot, demonstrating the proposed framework's potential for closed-loop drone guidance through hovering and target-following experiments under time-varying HDR illumination, with onboard deployment on an NVIDIA Jetson Orin NX. The dataset and implementation will be released to facilitate further research.

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