What's the relationship between the futures price and the spot price？

The futures price and the spot price are related in that the futures price is based on the expected future value of the underlying asset, while the spot price is the current market price of the asset. In general, the futures price tends to be higher than the spot price, reflecting the expectation that the asset's value will increase over time. However, the relationship between the two prices can be influenced by a variety of factors, including supply and demand, market sentiment, and economic conditions.