The week of September 28, 2026 closed at midnight UTC on October 5 with a median of $3.49 per H100 SXM GPU-hour, taken over 31 publicly listed on-demand rate cards at 29 providers, each linked to the page it was read from. October 5 is also the date CME Group gave, in its release of August 11, 2026, for listing two cash-settled contracts on NYMEX, Silicon Data H100 Rental Index Futures and Silicon Data B200 Rental Index Futures, pending regulatory review. Intercontinental Exchange announced GPU compute futures on Ornn’s OCPI on May 19, 2026, with no listing date in that release.
What a futures price measures, and what this figure measures
A futures contract pays out against the index it is settled on. CME’s release names Silicon Data’s hourly rental indices as the settlement reference, and Ornn’s published methodology computes its OCPI from executed rental prices, which an outside reader cannot check one by one. The figure above is a different thing: the median of what providers publicly ask for an H100 SXM hour, each rate in the week’s receipts with its source page and read time. The two can print different numbers in the same week and both be correct. This site does not reprint either settlement index, because their terms do not allow it, and issues no contract of its own.
For a reader who pays for GPU hours, the practical difference is the check. A price in this index can be opened at the provider’s own page; a settlement value is a number its publisher states. The panel matters as much: in the week of September 28 the four hyperscaler H100 quotes had a median of $9.90 against $3.20 for the 27 quotes at 25 specialist clouds, so whether a panel counts AWS, Azure, Google Cloud and Oracle moves an H100 median on its own. For the second contract’s card, the B200 page printed a median rate card of $6.89 across 32 rate cards on October 5.
Why the median fell and the index rose in the same week
The week before, September 21, closed at $3.70 over 26 quotes at 24 providers, index 100.4. From $3.70 to $3.49 the median fell; from 100.4 to 102.6 the index rose, or 102.6 / 100.4 = 1.022. The two columns answer different questions. The index links only the quotes read in both weeks, so it moves when a cloud changes a price. The median moves with who is in the basket.
Five quotes entered, and all five sit below the old median: Taiga Cloud at $2.60 (an advertised from rate), GPU.ai at $2.95, GEODD at $3.00, Edgevana at $3.07 and Thunder Compute at $3.20. Each entered because we first read that page during the week, between September 29 and October 4, not because a provider cut a price. None left.
Of the 26 quotes read in both weeks, four moved, all upward. JarvisLabs went from $2.69 to $3.49, first read at the new rate on October 4 at 19:40 UTC; our module for that page was not changed in those days, so the move is on the page. Nebius is among the four too, but that step comes from our parser switching to the column Nebius published for October on October 1, which a piece of October 2 describes.
October’s running monthly average stood at $3.99 on its fixed panel of 17 pairs after 99 of 102 hours, marked provisional. Nothing here is forecast and nothing is a recommendation.
Checking the numbers yourself
Every figure is listed under this piece with its source and read time. The week’s 31
quotes, the five kept out and the rule that kept each out are in the receipts file,
/price-index/receipts/2026-W40.csv. The exchange releases are linked from the futures
paragraph of /methodology.