01
Pricing & Price Formation
- GPU price formation
- Benchmark fragmentation & basis risk
- Spot, forward & futures pricing
- Non-storable commodity economics
Pricing
AI Compute
AI compute is a new trillion-dollar asset class. PriceCompute.com wants to make sense of it by tracking prices, news, regulations, and academic research shaping this emerging market.
H100 on-demand spread
8.5×
Floor → high
26 Sept 2026, 14:11 UTC
$1.30$11.06
Floor
$1.30
Median
$2.75
High
$11.06
Market snapshot
Last print · 8 Sep 2026
H100 print
Last index prints only. Daily history is not connected — no synthetic path.
Silicon Data
$2.63/ GPU-hr
Ornn
$3.08/ GPU-hr
Basis · Ornn − SD
+$0.45
Reference · 8 Sep 2026. Ornn daily history exists but is not wired (API is keyed).
One GPU. Many prices. The spread is the market.
H100 observation ladder
Live listings171 · 48 providers · 26 Sept 2026, 14:11 UTC
$1.15 – $3.19
off-scale
| H100 observation | Type | Source | As of | $/GPU-hour |
|---|---|---|---|---|
| Spot floorlive | Spot / listing | ComputePrices · Compute Cheap | 26 Sept 2026, 14:11 UTC | $1.15 |
| On-demand floorlive | On-demand / listing | ComputePrices · Lium.io | 26 Sept 2026, 14:11 UTC | $1.30 |
| Rental benchmarksnapshot | Index | Silicon Data | 8 Sep 2026 | $2.63 |
| 48-provider on-demand medianlive | Provider median | ComputePrices | 26 Sept 2026, 14:11 UTC | $2.75 |
| Transaction-based benchmarksnapshot | Index | Ornn | 8 Sep 2026 | $3.08 |
| Neo-cloud settlement benchmarksnapshot | Index | CF Benchmarks | 8 Sep 2026 | $3.19 |
| On-demand highlive | On-demand / listing | ComputePrices · Microsoft Azure | 26 Sept 2026, 14:11 UTC | $11.06 |
On-demand listings from ComputePrices.com, cheapest per provider, hourly. Index prints are dated snapshots, not live.
Research
Pricing AI Compute
How is AI compute priced now? How should it be? How can AI compute derivatives hedge $5 trillion of AI infrastructure costs? Can existing data be used to forecast AI compute prices and generate alpha trading it? What role will this new asset class play in institutional portfolios?
02
Derivatives & Hedging
- AI infrastructure hedging
- Perpetuals, forwards & futures
- CME / ICE market structure
- Funding, volume & open interest
03
Infrastructure & Finance
- GPU residual values
- Technological obsolescence
- Credit risk
- AI infrastructure financing
04
Investment & Quant Research
- Cross-asset relationships
- Portfolio diversification
- ML price forecasting
- Volatility & regime detection
About PriceCompute.com
PriceCompute.com is an independent research project focused on AI compute as a new asset class and the impact it will have across the global economy and investment industry. It is run by seasoned trading and investment professionals and AI PhD scholars.