Pith Number

pith:IBIQQRXA

pith:2026:IBIQQRXAF6LTLZANAMF2HDBLLR

not attested not anchored not stored refs pending

Tuning in to Frequencies: How Global Assets Align with U.S. Put-Call Parity Residuals

Useong Shin

The carry gap in U.S. equity index options aligns with low-frequency global asset returns rather than being contained within OIS rates.

arxiv:2604.19605 v6 · 2026-04-21 · q-fin.GN

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\usepackage{pith}
\pithnumber{IBIQQRXAF6LTLZANAMF2HDBLLR}

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Record completeness

1 Bitcoin timestamp

2 Internet Archive

3 Author claim open · sign in to claim

4 Citations open

5 Replications open

✓ Portable graph bundle live · download bundle · merged state

The bundle contains the canonical record plus signed events. A mirror can host it anywhere and recompute the same current state with the deterministic merge algorithm.

Claims

C1strongest claim

Adding low-frequency global asset-return components to an OIS-based baseline improves in-sample and leave-one-year-out out-of-sample R^2, with gains robust to broad-dollar neutralization, alternative asset blocks, and nested horizon selection.

C2weakest assumption

That the carry gap represents the opportunity cost of scarce capital used to enforce parity and that low-frequency global asset returns serve as valid proxies for those outside opportunities.

C3one line summary

Carry gap in U.S. equity option put-call parity correlates with low-frequency global asset returns, indicating reduced-form alignment between risk-neutral and physical measures.

Receipt and verification

First computed	2026-05-20T00:04:32.243607Z
Builder	pith-number-builder-2026-05-17-v1
Signature	Pith Ed25519 (`pith-v1-2026-05`) · public key
Schema	pith-number/v1.0

Canonical hash

40510846e02f9735e40d030ba38c2b5c5401a42aa38136f9d30232dc06c74430

Aliases

arxiv: 2604.19605 · arxiv_version: 2604.19605v6 · doi: 10.48550/arxiv.2604.19605 · pith_short_12: IBIQQRXAF6LT · pith_short_16: IBIQQRXAF6LTLZAN · pith_short_8: IBIQQRXA

Agent API

Resolver JSON Graph JSON Events JSON Schema Signing key

Verify this Pith Number yourself

curl -sH 'Accept: application/ld+json' https://pith.science/pith/IBIQQRXAF6LTLZANAMF2HDBLLR \
  | jq -c '.canonical_record' \
  | python3 -c "import sys,json,hashlib; b=json.dumps(json.loads(sys.stdin.read()), sort_keys=True, separators=(',',':'), ensure_ascii=False).encode(); print(hashlib.sha256(b).hexdigest())"
# expect: 40510846e02f9735e40d030ba38c2b5c5401a42aa38136f9d30232dc06c74430

Canonical record JSON

{
  "metadata": {
    "abstract_canon_sha256": "f726c103f4f40cbbff2f01fb8206a1f8cebbcab0ad885aa48662166958f93587",
    "cross_cats_sorted": [],
    "license": "http://arxiv.org/licenses/nonexclusive-distrib/1.0/",
    "primary_cat": "q-fin.GN",
    "submitted_at": "2026-04-21T15:55:29Z",
    "title_canon_sha256": "911fcff03153cb4465a197e36dffd369c383b3be181dd67461d0f87b790a838e"
  },
  "schema_version": "1.0",
  "source": {
    "id": "2604.19605",
    "kind": "arxiv",
    "version": 6
  }
}