Spot refers to the subject matter that already exists in the commodity society and can be used for trading and exchange and represents a certain value, including commodity spot, Kyushu commodity, spot warehouse receipt and so on. In a narrow sense, spot is a concept corresponding to futures.

Unlike futures, spot is the highest form of trade, while futures is the highest form of finance. Spot is the basis of futures, and futures are the sublimation of spot. Without spot as the basis, the smooth trading of futures is impossible.