Monthly futures on what an H200 or B200 hour rents for, settled to a daily compute price index. Hedge next month’s capacity, or take a view on where compute is going.
One contract is one GPU-hour. Each settles to the average of the daily index over its calendar month.
A margin engine built for a once‑a‑day index
The daily print is noisy. Positions are margined on a mark that blends what has already fixed with a 7-day forecast of the rest, so one loud print can’t liquidate anyone.
One number per month
Contracts settle to the monthly average
Every daily print of the compute price index counts once. The final price is their mean, so no single day decides the outcome and nobody can game one fixing.
Margined on what is known
The mark price
Days already in the average are locked. The remaining days are forecast from the trailing 7-day average. In the backtest the mark moved 4 to 10 times less than the raw index.
Mt = ( Σ fixed + (N − t) · avg7d ) / N
Always a counterparty
The vault takes the other side
Liquidity providers pool USDC. The vault quotes a 0.5% half-spread around fair value and skews its price up to 20% against its own inventory, so informed flow pays for the risk it brings.
Leverage with a seatbelt
Less uncertainty, less margin
Max leverage
5x
20% initial margin
Maintenance
12%
shrinking as the month fixes, 3% floor
Liquidation fee
1%
30% of it to the liquidator
Ready to trade compute?
Connect a Solana wallet, pick a contract, and open a position in under a minute.
Erg