# Spot Price

*Markets & Instruments — Finicade finance glossary*

The price to buy or sell something for immediate delivery, right now — as opposed to a forward or futures price for later. The anchor from which all forward prices are derived.

**Also known as:** spot, spot-and-forward

**Related terms:** [Forward Contract](https://finicade.com/glossary/forward-contract), [Futures Contract](https://finicade.com/glossary/futures-contract), [Cost of Carry](https://finicade.com/glossary/cost-of-carry)

**Taught in:** Quant Quest — Foreign Exchange

Source: https://finicade.com/glossary/spot-price