# Silicon Data H100 Rental Index Futures > The Silicon Data H100 Rental Index futures CME Group plans to list on NYMEX: what one contract represents, what it settles against, when it lists, and how it will trade through a connected broker. Updated 2026-09-06. Canonical: https://gpuquant.com/docs/instruments/h100-futures Cash-settled against SDH100RT, Silicon Data's daily H100 rental index. One contract is roughly one GPU rented for one month. ## What it is CME Group and Silicon Data have announced plans to list futures on GPU rental indices, starting with the H100 and the B200, on NYMEX. The stated launch is subject to regulatory review, and until the contracts trade nothing on this site asserts that they do: GPUQuant carries no exchange feed that would show it. The H100 contract is cash-settled against SDH100RT, the Silicon Data H100 Rental Price Index, which is the neo-cloud reading of a modelled daily rental price. Nobody delivers a GPU. One contract represents approximately one GPU rented for one month, the same 730-hour GPU-month this site quotes beside every hourly figure, so the contract is a claim on the cost of using an H100 for a period and not on the hardware. ## Its place in compute A futures contract needs a unit that is large enough to be worth trading and standard enough that two parties mean the same thing by it. An hour of an H100 has become that unit: thousands of providers sell it at published prices in a form that is close to identical, and an index of those hours is a settleable reference in the way a megawatt-hour or a barrel is. The contract is what lets a buyer of compute fix a cost months ahead, a supplier lock in revenue on capacity it will have, and a trader take a view on whether AI compute gets cheaper or scarcer. > **Not a GPU price** > > The contract is a claim on the cost of using a GPU for a month, settled against an index. It is not the price of a GPU and it is not any list price on this site. ## The contract A cash-settled futures contract on CME Group, NYMEX, settling against SDH100RT, the Silicon Data H100 Rental Price Index. One contract represents approximately one GPU rented for one month, the 730-hour GPU-month, and nobody delivers a GPU. It lists on October 5, 2026, pending regulatory review. Its tick size, its margin and its trading hours will be the exchange's, published with the contract specifications when it lists. A dated future differs from a perpetual in the one way that matters most: it expires. Its price is an expectation of what the index will read at settlement, it pays no funding, and it converges on the index by expiring into it rather than by being pulled toward it every hour. ## Reading it beside the data - [Silicon Data H100 index](https://gpuquant.com/docs/market-data/silicon-data-h100-index): The index the contract settles against, and the one number that decides what a contract is worth at expiry. - [H100 forward curve](https://gpuquant.com/docs/market-data/h100-forward-curve): What the market already expects that index to be at every month out to three years, which is the closest thing to a futures curve until the contracts trade. - [H100 neocloud index](https://gpuquant.com/docs/market-data/h100-neocloud-index): GPUQuant’s own list-price index of the same neo-cloud segment, which is the like-for-like comparison for this contract. - [H100 reference price](https://gpuquant.com/docs/market-data/h100-reference-price): The hyperscaler list price, the ceiling of the market the index sits under. ## Trading it here Not yet. The contract is announced and not trading anywhere. When it trades, orders will go to a connected futures broker that keeps the account, the margin, the clearing and the execution, and GPUQuant stays the intelligence layer; the row on Tradable Compute will carry a market-data feed the day one exists. How the site will handle it is on [Tradable Compute](https://gpuquant.com/docs/tradable-compute). ## Risks The contract does not exist yet. Its terms, its tick size, its margin and its listing date can all change before it trades, and the announcement is the only source for any of them. A futures price is an expectation of a settlement value, not a spot price. The index it settles against is a modelled figure Silicon Data compute from data nobody outside can see, and Silicon Data have restated it before. Nothing on this site is investment, legal or tax advice. The full terms are on [Terms and risk](https://gpuquant.com/terms). ## Sources - [CME Group, NYMEX](https://www.cmegroup.com/media-room/press-releases/2026/8/11/cme_group_and_silicondatatolaunchcomputefuturesonoctober5tounloc.html), the venue's own view of the market and the announcement of the contract. - [Tradable Compute](https://gpuquant.com/docs/tradable-compute), how every instrument is executed, funded and charged from this site.