PAIR.TRADING

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133.94 ONE

SYN = 0.2 USDT
ONE = 0 USDT

export 1d data

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

SYN / ONE ratio and spread

1 SYN = 133.94 ONE. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is -0.278 and the correlation between the legs is 0.33.

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Hedge ratio β -0.278
Spread z-score 0.25
Correlation 0.33
Half-life 32.2 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 ratio133.937
Change 1d-7.13%
Change 7d2.17%
Change 30d-7.47%
Period high584
Period low11.3056
Hedge ratio β-0.278
Spread z-score0.25
Correlation0.33
Half-life32 d

over 354 daily candles

What the numbers say

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

The spread is at 0.25 standard deviations from its rolling mean, which is effectively at its own norm.

Reversion is slow: the spread needs roughly 32 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 mid-range — 21% of the way from the low to the high of the last 354 daily candles.

Frequently asked

How many ONE is 1 SYN?

1 SYN is worth 133.937 ONE at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the SYN/ONE range?

Over the last 354 daily candles the ratio traded between 11.3056 (03.10.2025) and 584 (30.06.2026).

Are SYN and ONE correlated?

The correlation of daily log returns between SYN and ONE is 0.33, 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/ONE spread z-score now?

The z-score is 0.25 — 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/ONE 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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