Next week’s GPU hours,
priced today.
Teams that need compute and people who own GPUs bid once, sealed. One price clears for everyone filled, and every position is paid in full when it opens.
| Round | State | Long price, $/GPU-h | Forward, $/GPU-h | Volume, GPU-h | Commits (revealed) | Fees, $ | Cleared, UTC |
|---|---|---|---|---|---|---|---|
| 2 · s32 | Revealing | – | – | – | 6 (0) | 0.60 held | open, $46.01 locked |
| 1 · s32 | Cleared | $0.408 | $2.841 | 13 | 4 (4) | 0.40 | 08:06 |
| 0 · s32 | Cleared | $0.408 | $2.841 | 24 | 6 (6) | 0.60 | 08:01 |
| 11 · s31 | Cleared | $0.408 | $2.841 | 12 | 4 (4) | 0.40 | 07:56 |
| 10 · s31 | Cleared | $0.408 | $2.841 | 23 | 4 (4) | 0.40 | 07:51 |
| 9 · s31 | Cleared | $0.408 | $2.841 | 23 | 4 (4) | 0.40 | 07:46 |
| 8 · s31 | Cleared | $0.408 | $2.841 | 23 | 6 (6) | 0.60 | 07:41 |
| 7 · s31 | Cleared | $0.408 | $2.841 | 23 | 4 (4) | 0.40 | 07:36 |
| 6 · s31 | Cleared | $0.408 | $2.841 | 23 | 5 (5) | 0.50 | 07:31 |
| 5 · s31 | Cleared | $0.408 | $2.841 | 13 | 4 (4) | 0.40 | 07:26 |
| 4 · s31 | Cleared | $0.408 | $2.841 | 35 | 6 (6) | 0.60 | 07:21 |
| 3 · s31 | Cleared | $0.408 | $2.841 | 24 | 5 (5) | 0.50 | 07:16 |
The index is computed from the public price lists of
- Vast.ai
- RunPod
- Akash
- Lium
- Verda
- Shadeform
Prices only: no relationship with Weir is implied. Shadeform resells many clouds, and each counts as its own provider. How the index is computed
The problem, and what Weir does about it
Over 69 delivery weeks, the weekly average price of an H100 hour ended between −9.4% and +22.5% against the price known 8 to 10 days before.
Weir lets both sides fix next week's price today. A team that will use GPUs holds LONG, an owner of GPUs holds SHORT, and one sealed auction sets the price for both.
The hedge stops at a band around the index, no GPU time changes hands, and everything here runs on NEAR testnet with test dollars.
Weir’s backtest of its own index on public provider prices, delivery weeks from 14 Apr 2025 to 2 Nov 2026. A reconstruction, not trades. The backtest
One market, four views. The auction, the index, the payoff and the proof, as the application shows them.
Round 2 of series 32
Reveal phase, ends Fri 13 Nov, 08:10 UTCCommits
6
0 revealed, 0 void, 6 sealed
Locked
$46.01
An upper bound on what the orders can cost
Commit fees held
$0.60
Burned when the round clears; they belong to nobody
Delivery
09:00 UTC
to Fri 13 Nov, 10:00 UTC
Unrevealed commits forfeit 1% of their lock, burned at clearing. The sealed book
Curves as revealed
No order is revealed yet. The curves appear here as reveals land.
Round 1, cleared
Open in ClearingsPoint at or tap a step for its order.
1 LONG orders for 30 GPU-h and 1 SHORT orders for 13 GPU-h. It clears at a LONG price of $0.408 /GPU-h, a forward price of $2.841 /GPU-h, for 13 GPU-h. The result keeps only the filled orders (SPEC 12), so the curves show what traded.
| Seq | Owner | Side | Size | Limit | Filled | Paid |
|---|---|---|---|---|---|---|
| 0 | h100-fast-s…w1.testnet seq 0, 13 GPU-h at $0.404 /GPU-h | SHORT | 13 GPU-h | $0.404 /GPU-h | 13 | $5.85 |
| 1 | h100-fast-m…w1.testnet seq 1, 30 GPU-h at $0.408 /GPU-h | LONG | 30 GPU-h | $0.408 /GPU-h | 13part | $5.30 |
4 commits, 4 took part in clearing. Burned in this round: none in forfeits and $0.40 in commit fees. Burned dollars belong to nobody.. Refunds are each lock minus what it paid; locks are in the commit events, not in this view.
Series 32, round 1.
Series and phase clock
one-hour delivery, five-minute roundsSeries 31
Delivery Fri 13 Nov, 08:00 UTC to Fri 13 Nov, 09:00 UTCIn deliverySeries 32
Delivery Fri 13 Nov, 09:00 UTC to Fri 13 Nov, 10:00 UTCIn auctionBid with an agent
The round in progress and the series clock, as of Fri 13 Nov, 08:08 UTC, when this page was published. Open it live
How it works
Sealed bids, one price, paid in full.
A round takes sealed commits, opens them together and clears them at one price. The index prints of the delivery week then settle every position.
Step 1 of 3
Bids arrive sealed
A commit is a hash and a lock. Sides and prices stay hidden until the reveal; this is round 2 of series 32 as read.
Step 2 of 3
One price clears the round
Every filled order pays the price where the two sides meet: $0.408 a GPU-hour for LONG in round 1 of series 32, cleared 08:06 UTC.
Step 3 of 3
The week's prints settle it
The fixing is the average of the delivery week's index prints. A LONG unit is paid the fixing minus the floor, a SHORT unit the rest of the band.
Inside a market
What the chain shows, read in this browser.
Five views of the H100 hourly (demo) market, from the same read as the window above.
The life of a round
Commit, reveal and clear repeat each round; delivery and settlement come once a series. The step the round is in now is lit.
- 1Commitsealed ordersDone, round 2
- 2Revealuntil 08:10 UTCNow, round 2
- 3Clearone price, anyone may callNext
- 4Deliveryfrom 09:00 UTCLater
- 5Settlefrom 10:01 UTCLater
- Series 32, auctions
- 07:55 UTC to 08:55 UTC
- Each round
- 3 m commit, 2 m reveal
- Delivery
- 09:00 UTC to 10:00 UTC
- buyer · h100-fast-b…w1.testnetfilled 11 GPU-h LONG, round 0
- buyer · h100-fast-b…w1.testnetcommitted, sealed, round 2
- seller · h100-fast-s…w1.testnetcommitted, sealed, round 2
- seller · h100-fast-s…w1.testnetcommitted, sealed, round 2
Agents on this market
Four of the agents the deploy tool recorded for this market, with their latest action in the rounds above. Each trades with a key that cannot withdraw; the operator also holds a full-access key to each account.
Sources around the median
The last print's bundle: each provider's price at its distance from the median, Fri 13 Nov, 08:05 UTC.
A print, checked here
The hash a reporter put on chain, against the hash of the bundle this browser fetched.
- 08:06 UTCRound 1 cleared at $0.408 LONG, 13 GPU-h
- 08:05 UTCIndex printed $2.863 for the bucket from 08:05 UTC
- 08:01 UTCRound 0 cleared at $0.408 LONG, 24 GPU-h
- 07:56 UTCRound 11 cleared at $0.408 LONG, 12 GPU-h
- 07:51 UTCRound 10 cleared at $0.408 LONG, 23 GPU-h
Last events on chain
Clearings and the last index print, newest first, as read.
Three chips, a market each. Each with its own index and its own auctions.
H100
NVIDIA H100 SXM, 80 GB HBM3
$2.863
per GPU-hour, print of Fri 13 Nov, 08:00 UTC
A100 80 GB
NVIDIA A100 80GB SXM, 80 GB HBM2e
$1.626
per GPU-hour, print of Fri 13 Nov, 08:00 UTC
As of Fri 13 Nov, 08:08 UTC, when this page was published.
The review
What the review found, in its own words.
An AI reviewer's findings from 4 passes over the contract: not customers, and not an audit firm. Open ones first.
All three price reporters are run by one operator today, who can set any price. Nothing on chain checks a report against its data. What you are trusting
“With one reporter absent, one dishonest reporter chooses which buckets print and leans each print.”
“A reporter who holds the cheap side and forces a void is paid half the band for it.”
“Forcing a void paid mid-band (specification 0.4).”
“Blocking a round costs max_commits × commit_fee. (1.5, eviction was free, is open as this.)”
“With max_round_lock unset (the default), an agent burns 1% plus the fee per round.”
“Not revealing changes others' fills, which gives a last look.”
“One reporter ratcheted the index through the two-report mean.”
“One silent reporter froze the index after a large move.”
“Minting u64::MAX sets made clear overflow and froze the series.”
9 of 23 findings, quoted from the review record. The rest, with the tests that keep them, are on Proof.
Check it yourself. The live figures come from contracts anyone can read.
All three price reporters are run by one operator today, who can set any price. This is NEAR testnet with test dollars; no real money moves. Every limit
Questions
What people ask first: what they are trusting, and how to use it. Each answer links to where it is shown.
What you are trusting
Who sets the index?
Can my position be liquidated?
Is any of this real money?
Using it
What is traded?
How does an agent bid?
Where do the index prices come from?
Built by Qvkare. His earlier results, as listed on qvkare.com.
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2nd place, Chainlink Chromion Hackathon.
Watch a round clear. Or run a market in your browser.
| Round | State | Long price, $/GPU-h | Forward, $/GPU-h | Volume, GPU-h | Commits (revealed) | Fees, $ | Cleared, UTC |
|---|---|---|---|---|---|---|---|
| 2 · s32 | Revealing | – | – | – | 6 (0) | 0.60 held | open, $46.01 locked |
| 1 · s32 | Cleared | $0.408 | $2.841 | 13 | 4 (4) | 0.40 | 08:06 |
| 0 · s32 | Cleared | $0.408 | $2.841 | 24 | 6 (6) | 0.60 | 08:01 |
| 11 · s31 | Cleared | $0.408 | $2.841 | 12 | 4 (4) | 0.40 | 07:56 |
| 10 · s31 | Cleared | $0.408 | $2.841 | 23 | 4 (4) | 0.40 | 07:51 |
| 9 · s31 | Cleared | $0.408 | $2.841 | 23 | 4 (4) | 0.40 | 07:46 |
| 8 · s31 | Cleared | $0.408 | $2.841 | 23 | 6 (6) | 0.60 | 07:41 |
| 7 · s31 | Cleared | $0.408 | $2.841 | 23 | 4 (4) | 0.40 | 07:36 |
| 6 · s31 | Cleared | $0.408 | $2.841 | 23 | 5 (5) | 0.50 | 07:31 |
| 5 · s31 | Cleared | $0.408 | $2.841 | 13 | 4 (4) | 0.40 | 07:26 |
| 4 · s31 | Cleared | $0.408 | $2.841 | 35 | 6 (6) | 0.60 | 07:21 |
| 3 · s31 | Cleared | $0.408 | $2.841 | 24 | 5 (5) | 0.50 | 07:16 |