GPU-hour perpetuals · 14 markets · 24/7

Trade the price price of of compute.

Long or short the hourly rental rate of H100s, B200s and MI300Xs. Hedge a training run, lock in fleet revenue, or trade the commodity that sets the pace of AI.

See markets
FLOPX H100 Index 2.4137$/GPU-hr ▲ 3.21%

01 · The terminal

A real order book
for a real resource.

Every contract settles to an index of what GPUs actually rent for. Same tools as any perp venue: depth, funding, leverage, one click.

2.4137Mark · $/GPU-hr
Index2.4129
24h change+3.21%
24h high2.4410
24h low2.3180
24h volume$138.2M
Open interest$412.6M
Funding / countdown+0.0041% 00:42:17
0x7a3e…3f9c
Order book0.0005
PriceSizeTotal
2.4137Spread 0.0005 · 0.02%
Recent tradesGPU-hr
PriceSizeTime
MarketSideSizeEntryMarkLiq.MarginPnL (ROE)
Funding 1h · OI
24h volume$0▲ 18.4% vs. yesterday
Open interest$0Across 14 GPU markets
Traders, 30d0Labs, clouds, funds, degens
GPU-hours traded0In the last 24 hours

02 · How it works

Three moves.
One market.

If you have ever traded a perp, you already know FLOPX. The only new thing is the underlying: one hour on one GPU.

  1. 01

    Pick a chip

    Each market tracks one GPU class, quoted in dollars per GPU-hour. Hopper, Blackwell, Instinct, GeForce.

    H100H200B200GB200MI300XRTX 5090A100
  2. 02

    Take a side

    Long if you think rents are going up. Short if you think new supply is about to land. Up to 20× leverage, cross or isolated.

    Long H100+12.4%if rate → 2.71
    Short B200+8.1%if rate → 4.56
  3. 03

    Settle to the index

    Contracts mark to the FLOPX Index: a volume-weighted rental rate from 30+ clouds and marketplaces, refreshed every 60 seconds. Hourly funding keeps the perp pinned to it.

    Neocloud reserved34%
    Hyperscaler on-demand28%
    Spot marketplaces22%
    Decentralised networks16%

03 · Why trade compute

The most important commodity of the decade had no price screen.
Until now.

FLOPX H100 Index · $/GPU-hr

From $8.10 to $2.41 in 30 months.

−70%
Q1 23Q1 24Q1 25Q1 26Now
For labs

Hedge the training run.

Lock today's H100 rate for the six months you'll need it. A rate spike stops being a budget problem.

Long · 6-month strip
For GPU owners

Sell the future of your fleet.

Short against idle capacity and fix your rental income before the next generation reprices the market.

Short · rolling hedge
For traders

Trade the cycle.

Launches, shortages, export rules, earnings calls. Every one of them moves GPU rents. Now you can position on it.

Up to 20× · 24/7

04 · Markets

Fourteen markets.
Every chip that matters.

MarketMark24h24h trendFunding 1hOpen interest24h volume
FLOPX · FX-01 $FLOPX

05 · The token

$FLOPX
runs the exchange.

Fees come in. Tokens get bought. Holders decide which chips list next and how the index is weighted.

  • −40%

    Fee tiers

    Stake $FLOPX to cut taker fees by up to 40%.

  • 30%

    Buyback

    Of protocol fees go to market-buying $FLOPX every epoch.

  • Vault

    Backstop staking

    Stake into the insurance vault and earn a share of liquidation fees.

  • Vote

    Index governance

    New markets, source weights and margin parameters go to a vote.

Total supply1,000,000,000
  • Community & liquidity 42%
  • Trading incentives 20%
  • Team, 4y vest 15%
  • Treasury 13%
  • Early backers 10%

Compute never
closes. Neither do we.

Follow @FlopXFun