How Do Stablecoin Derivatives, like Futures, Interact with the Spot Market Spread?

Stablecoin derivatives, such as futures contracts, trade on their own exchanges and have their own spreads. Arbitrageurs constantly monitor the relationship between the spot price, the futures price, and their respective spreads.

If the futures price deviates too far from the spot price, arbitrageurs trade the difference, which helps to keep the spot spread tight and the markets aligned.