{"slug":"what-are-single-stock-futures","qid":"carry_illustration","label":"carry_illustration","post_title":"what-are-single-stock-futures","post_url":"/blog/what-are-single-stock-futures#q-carry_illustration","columns":["days_to_expiry","financing_usd","fair_price_no_dividend","fair_price_with_050_dividend"],"rows":[{"days_to_expiry":30,"financing_usd":0.33,"fair_price_no_dividend":100.33,"fair_price_with_050_dividend":99.83},{"days_to_expiry":60,"financing_usd":0.66,"fair_price_no_dividend":100.66,"fair_price_with_050_dividend":100.16},{"days_to_expiry":90,"financing_usd":0.99,"fair_price_no_dividend":100.99,"fair_price_with_050_dividend":100.49},{"days_to_expiry":180,"financing_usd":1.97,"fair_price_no_dividend":101.97,"fair_price_with_050_dividend":101.47},{"days_to_expiry":365,"financing_usd":4,"fair_price_no_dividend":104,"fair_price_with_050_dividend":103.5}],"shape":"ranking","sql":"SELECT\n    days_to_expiry,\n    round(100 * 0.04 * days_to_expiry / 365, 2) AS financing_usd,\n    round(100 + 100 * 0.04 * days_to_expiry / 365, 2) AS fair_price_no_dividend,\n    round(100 + 100 * 0.04 * days_to_expiry / 365 - 0.50, 2) AS fair_price_with_050_dividend\nFROM (SELECT arrayJoin([30, 60, 90, 180, 365]) AS days_to_expiry)\nORDER BY days_to_expiry","computed_at":"2026-09-12T01:45:27.911049+00:00","elapsed":0.00664164}