// multi-utility computation suite · offline · instant · precise
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fin.futures-basis Calculator
Calculates the basis (spot − futures) and fair value futures price from spot price, carry cost, and time to expiry. The basis converges to zero at expiry — basis risk is the risk that the basis changes unfavourably before the hedge is lifted.
Inputs
Spot Price
Current market price for immediate delivery. The starting point for options and derivatives pricing.
Futures Price
Reference formula or conversion factor shown for context.
Risk Free Pct
Return on a theoretically safe investment like a government T-bill. The baseline return everything else is compared against. Enter as a decimal (e.g. 0.05 for 5%).
Months To Expiry
Reference formula or conversion factor shown for context.
Storage Cost Annual Pct
Age in completed years. Many health and fitness formulas adjust for age.
Results
basis (F - S)
Reference formula or conversion factor shown for context.
fair value futures
The computed numeric or monetary value.
mispricing
ISP (specific impulse) — rocket engine efficiency in seconds. Higher ISP means more thrust per kilogram of propellant consumed.
basis direction
The computed direction or bearing, typically in degrees from north or as a cardinal direction.
cost of carry return
The total monetary cost computed for the given inputs.
arbitrage?
Reference formula or conversion factor shown for context.