In development
Thorpe Futures
Benchmark-backed compute futures for buyers and sellers with recurring GPU cost exposure. Settlement against published Thorpe indices. Cash-settled, monthly tenors.
Contract universe (proposed)
Initial cohort instruments
| Symbol | Underlying | Contract size | Tick | Settlement | Status |
|---|---|---|---|---|---|
| THORPE-H100-1X-Q3 | H100 SXM Mid · 1× | 1 GPU·hr | $0.0001 | Cash · monthly | Proposed |
| THORPE-H100-8X-Q3 | H100 SXM Mid · 8× | 8 GPU·hr | $0.0010 | Cash · monthly | Proposed |
| THORPE-H200-1X-Q3 | H200 SXM Mid · 1× | 1 GPU·hr | $0.0001 | Cash · monthly | Proposed |
| THORPE-A100-1X-Q3 | A100·80G Mid · 1× | 1 GPU·hr | $0.0001 | Cash · monthly | Proposed |
| THORPE-A100-8X-Q3 | A100·80G Mid · 8× | 8 GPU·hr | $0.0010 | Cash · monthly | Proposed |
| THORPE-L40S-1X-Q3 | L40S Mid · 1× | 1 GPU·hr | $0.0001 | Cash · monthly | Proposed |
Why Thorpe Futures
Hedge, transfer risk, settle to a published index
Hedging
Lock GPU spend ahead of training cycles
Buyers fix a forward price for compute and settle against the published Thorpe index. No physical delivery; cash settlement only.
Risk transfer
Sellers monetize idle inventory
Providers and operators with surplus capacity can take the other side and earn the basis between their cost curve and the index.
Settlement
Index-settled, monthly tenors
Each contract settles to the arithmetic mean of the published 4-hour Thorpe index over the final 5 settlement days of the contract month.
Founding cohort
Recurring GPU spend over $250k/mo?
Founding participants help shape contract terms, settlement assumptions, and onboarding workflows. Join the waitlist to follow development.