PAIR.TRADING

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419107.19 SYN

BTC = 75850.02 USDT
SYN = 0.18 USDT

export 1d data

Derived series only: the ratio of the two legs and the spread z-score. Exchange candles are not included.

BTC / SYN ratio and spread

1 BTC = 419107.19 SYN. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is -0.062 and the correlation between the legs is 0.19.

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Hedge ratio β -0.062
Spread z-score 1.00
Correlation 0.19
Half-life 41.7 1d
β is negative: the legs moved in opposite directions, so this does not work as a pair.

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Key numbers

Current ratio419107
Change 1d-55.42%
Change 7d-51.73%
Change 30d-30.83%
Period high2027677.1
Period low83913.2
Hedge ratio β-0.062
Spread z-score1.00
Correlation0.19
Half-life42 d

over 353 daily candles

What the numbers say

The fitted hedge ratio is negative: over the window BTC and SYN moved in opposite directions. A pair trade assumes the legs move together, so this combination does not qualify as one.

The spread is at 1.00 standard deviations from its rolling mean, which is effectively at its own norm.

Reversion is slow: the spread needs roughly 42 days to cover half the way back to its mean. A position would have to be held for a long time.

The current ratio sits near the bottom of its range — only 17% of the way from the low to the high of the last 353 daily candles.

Frequently asked

How many SYN is 1 BTC?

1 BTC is worth 419107 SYN at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the BTC/SYN range?

Over the last 353 daily candles the ratio traded between 83913.2 (30.06.2026) and 2027677.1 (10.06.2026).

Are BTC and SYN correlated?

The correlation of daily log returns between BTC and SYN is 0.19, which counts as a weak link. Log returns are used rather than prices: two rising assets correlate almost by default, joint day-to-day movement is what matters.

What is the BTC/SYN spread z-score now?

The z-score is 1.00 — the spread is within its usual range. It measures how far the regression residual log(A) − β·log(B) sits from its rolling mean, in standard deviations.

Is BTC/SYN suitable for a pair trade?

No. The fitted hedge ratio is negative, meaning the legs moved in opposite directions over the window — the market-neutral construction that pair trading relies on does not hold here.

Related pairs

Other pairs sharing a leg with this one.

All figures are computed from exchange data and describe past behaviour. Nothing here is investment advice.

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