The price difference between Spot and Futures markets in Binance is due to:
1. Funding Rates: Futures prices adjust to reflect market sentiment (e.g., bullish or bearish).
2. Market Demand: High demand in futures can create a premium over spot prices.
3. Leverage and Liquidations: Futures involve leverage, causing additional volatility.
4. Contango and Backwardation: Futures prices may be higher (contango) or lower (backwardation) than spot prices based on expectations.
In essence, spot prices reflect the current value, while futures prices are influenced by speculation and expected movements.