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2.3E-6 BTC

SYN = 0.17469 USDT

BTC = 76018 USDT

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

SYN / BTC ratio and spread

1 SYN = 2.3E-6 BTC. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is -0.570 and the correlation between the legs is 0.19.

Set an alert on this pair The spread z-score is -0.76 right now. Get a message when it reaches your level — instead of watching the chart.

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Hedge ratio β -0.570

Spread z-score -0.76

Correlation 0.19

Half-life 39.2 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 ratio0.00000229800836644

Change 1d116.04%

Change 7d99.51%

Change 30d39.23%

Period high0.000011917074204989

Period low0.000000493175171526

Hedge ratio β-0.570

Spread z-score-0.76

Correlation0.19

Half-life39 d

over 353 daily candles

How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.

What the numbers say

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

The spread is at -0.76 standard deviations from its rolling mean, which is effectively at its own norm.

Reversion is slow: the spread needs roughly 39 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 16% of the way from the low to the high of the last 353 daily candles.

Frequently asked

How many BTC is 1 SYN?

1 SYN is worth 0.00000229800836644 BTC at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the SYN/BTC range?

Over the last 353 daily candles the ratio traded between 0.000000493175171526 (10.06.2026) and 0.000011917074204989 (30.06.2026).

Are SYN and BTC correlated?

The correlation of daily log returns between SYN and BTC 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 SYN/BTC spread z-score now?

The z-score is -0.76 — 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 SYN/BTC 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.