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2.767 THE

SYN = 0.181 USDT

THE = 0.065 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 / THE ratio and spread

1 SYN = 2.767 THE. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is -0.390 and the correlation between the legs is 0.23.

Set an alert on this pair The spread z-score is -0.78 right now. Get a message when it reaches your level — instead of watching the chart.

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Hedge ratio β -0.390

Spread z-score -0.78

Correlation 0.23

Half-life 27.4 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 ratio2.76728

Change 1d121.46%

Change 7d124.71%

Change 30d64.52%

Period high13.6304

Period low0.0794284

Hedge ratio β-0.390

Spread z-score-0.78

Correlation0.23

Half-life27 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 THE 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.

Historically the spread covers half the way back to its mean in about 27 days, so a divergence here tends to resolve within weeks rather than months.

The current ratio sits near the bottom of its range — only 20% of the way from the low to the high of the last 353 daily candles.

Frequently asked

How many THE is 1 SYN?

1 SYN is worth 2.76728 THE at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the SYN/THE range?

Over the last 353 daily candles the ratio traded between 0.0794284 (15.03.2026) and 13.6304 (30.06.2026).

Are SYN and THE correlated?

The correlation of daily log returns between SYN and THE is 0.23, 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/THE 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/THE 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.