Futures Pricing Calculator

Calculate theoretical futures prices using cost-of-carry model

Futures Type

Spot Price ($)

Days to Delivery

Risk-Free Rate (%)

Storage Cost (%)

Insurance Cost (%)

Convenience Yield (%)

Market Price ($) (Optional)

Futures Examples

About Futures Pricing

Cost-of-Carry Model

• F = S × e^(r+c-y)T
• r = risk-free rate
• c = storage + insurance costs
• y = convenience yield

Key Concepts

• Contango: futures > spot price
• Backwardation: futures < spot price
• Basis: futures - spot price
• Arbitrage keeps prices aligned