---
title: Pricing Perpetual Futures
url: https://www.ml-quant.com/papers/ssrn/4603820/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4603820
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4603820
featured: 2023-10-18
citations: unknown
topic: Trading, Microstructure & Execution
---


# Pricing Perpetual Futures

The paper offers explicit formulas for the no-arbitrage price of various perpetual contracts, demonstrating that the futures price is determined by the risk-neutral expectation of the spot sampled at a random time reflecting the intensity of the price anchoring.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4603820
- Identifier: SSRN 4603820
- Released: 2023-10-16
- First featured: Quant Letter No. 22 (2023-10-18): https://www.ml-quant.com/issues/2023-10-18/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Trading, Microstructure & Execution

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