hedger's compute profile
GPU gen
H100
B200
card config
SXM
PCIe
region & power
mid power
high / low power
workload
aligned
differs
index input integrity
real transactions
quotes / surveys
basis gap and gauge are illustrative scales, not attested prices
How a GPU rental index standardizes an unstandardizable asset
2 · an H100 isn't always an H100
H100 gen
B200 gen
SXM card
PCIe card
NVLink tier
power region
index vendor
3 · daily benchmark
standard unit
1 GPU-month
NYMEX futures
4 · prices a standard month
index soft spot
5 · market's H100 vs my H100
market H100
index standard
my H100
H100 · SXM
gate
6 · real risk transfer
reference price only
the contract anchors the market's H100
illustrative gap scale · no price data
7 · the benchmark must rest on real transactions
real trades
normalization
regions & power
outages
stale quotes
1 · a futures contract needs a standard unit