Futures · Pro
Calendar spread
What does Calendar spread mean?
A calendar spread combines opposite positions in different maturities of the same underlying futures product. Its result depends on how the price difference changes.
Example
A trader buys a later delivery month and sells an earlier one, expressing a view on their relative prices.
Illustrative example; not a provider’s quoted offer.Why it matters for prop traders
Both legs create execution and margin requirements. Check whether the prop platform permits spreads and how both contracts count toward limits.
Sources and further reading
The following primary sources support the terminology. Provider rules describe their own products and may change.