The spot price in crypto trading is influenced by the immediate supply and demand dynamics in the market. It's the current market price at which a cryptocurrency can be bought or sold for immediate delivery. Factors such as market sentiment, current events, and the overall supply and demand for the cryptocurrency can significantly impact the spot price. The futures price, on the other hand, is the price agreed upon today for the purchase or sale of a cryptocurrency at a future date. It's influenced by a variety of factors, including the current spot price, the time remaining until the delivery date, the risk-free rate of return, any storage costs, and expected future market conditions.