1, theoretical spread of arbitrage: if it is used in futures trading, it is divided into the spread between spot price and the same futures price, and the spread between forward contract price and recent contract price.

2. Reasonable price difference is also divided into futures trading and commodity hedging. Can't be confused.

3. "Suppose the wheat price is September 1200/ ton,1October 165438+ 1279 yuan/ton, the annual interest rate is 6%, the storage cost of wheat is 0.3 yuan/ton/day, and the transaction fee is 2 yuan/hand (unilateral). Try to analyze arbitrage opportunities. " This issue also involves the aforementioned futures trading and commodity hedging. Your premise is hedging, so sell 165438+ 10 futures price 1279 yuan/ton, but the current spot price and expected spot price are not given here, so it is impossible to analyze arbitrage opportunities.