PAIR.TRADING

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52441.79 PEPE

SYN = 0.18 USDT
PEPE = 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 / PEPE ratio and spread

1 SYN = 52441.79 PEPE. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is -0.417 and the correlation between the legs is 0.24.

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Hedge ratio β -0.417
Spread z-score -0.78
Correlation 0.24
Half-life 33.7 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 ratio52441.8
Change 1d118.03%
Change 7d115.20%
Change 30d29.33%
Period high303089
Period low8264.46
Hedge ratio β-0.417
Spread z-score-0.78
Correlation0.24
Half-life34 d

over 353 daily candles

What the numbers say

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

The spread is at -0.78 standard deviations from its rolling mean, which is effectively at its own norm.

Reversion is slow: the spread needs roughly 34 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 15% of the way from the low to the high of the last 353 daily candles.

Frequently asked

How many PEPE is 1 SYN?

1 SYN is worth 52441.8 PEPE at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the SYN/PEPE range?

Over the last 353 daily candles the ratio traded between 8264.46 (04.01.2026) and 303089 (30.06.2026).

Are SYN and PEPE correlated?

The correlation of daily log returns between SYN and PEPE is 0.24, 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/PEPE spread z-score now?

The z-score is -0.78 — 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/PEPE 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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