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They're priced higher because of the interest rate to borrow bitcoins. As you get to settlement date, the prices will converge. A lot of people are leveraging t
by akhatri_aus 9y ago
They're priced higher because of the interest rate to borrow bitcoins. As you get to settlement date, the prices will converge. A lot of people are leveraging their buys so there is an interest rate to holding bitcoin, and it is quite high.
- SilasX 9y agoYeah, but that's a $1200 spread on a buy price of $16,700, or 7%/month which is (compounded) over 100%/year. Even with the risk premium that seems like it's too big not to have been arbitraged away.