Traders
Coming soon to Solana
GPUs. RAM. Storage.
Traded 24/7.
The futures market for compute.
GPU · reference price
0.989USD / GPU-hr · Q1 27
Capacity committed
0MGPU-hr
Verified GPUs
0across 30 sites
Instruments at launch
0· 4 delivery quarters
Every commodity got a futures market. Compute is next.
Oil, power, metals and grain became investable the moment forward capacity could be priced. Compute never had that market. Openmesh is building it — on Solana.
GPUGPUAccelerator · per GPU · hour
Delivery
Mark USD / GPU-hr
0.989
24h change
+1.42%
Index
0.988
24h volume
$6.84M
Open interest
41.2M GPU-hr
Funding / 8h
0.0041%
Expiry
1 Jan 2027 · 94d
Candles · volume
O —H —L —C —
0.001
Spread 0.0020.09%
Recent tradesGPU-hr
GPU-hr
Est. entry0.990
Notional$11,880
Margin$2,376
Liquidation0.802
Fees0.02% / 0.05%
Trading opens at launch · Cross margin · USDC
Matching engine online
Solana slot 312,884,102
Match latency 3.1 ms
Orders / s 1,240
Index feed 7 sources
Last settlement 2s ago
Markets
Cloud compute and physical hardware, per delivery quarter. Quoted in USDC.
11 instruments at launch · Exchange App ↗
| Instrument | Category | Delivery | Last | 24h | 7d | Open interest | 24h volume | Funding |
|---|
Forward curve
A term structure for compute.
Every delivery quarter is its own market.
Spot
1.02
Q1 2028
0.86
Shape
Backwardation
Implied 12m
−15.7%
How it flows
Supply in. Price in the middle. Compute out.
Three layers on Solana
Live network
Verified capacity, on-chain events, one feed.
Realtime · 30 sites
Capacity network30 sites · 14 regions
Verified GPUs● online
18,400
Settled 24hGPU-hr
2.91M
Capacity by regionshare
Delivery windowsbooked
Q4 26 68%
Q1 27 41%
Q2 27 17%
Event stream0 events
Architecture
Seven layers from physical supply to the terminal, and the four tokens that move through them.
Layers · Tokens
DEX layerstop → bottom
07
Application layerTerminal · mobile · SDK · institutional API
06
Off-chain servicesMatching engine · sequencer · market data · keepers
05
Exchange programs · SolanaUSDC vault · cross-margin · risk engine · fill settlement
04
Settlement layerExpiry · final index · cash or physical · insurance fund
03
Capacity tokensSPL mint per instrument × quarter · operator bond
02
Verification & oraclesAttestation · telemetry · reference index feed
01
Physical supplyData centres · Openmesh nodes · delivered workloads
∥
Cross-cuttingGovernance · security · compliance · instrument design
Physical stackFinancial stackAccessCross-cutting
Token layerswhat moves through it
◎
Native token · protocolGovernance · staking · operator & keeper bonds · fee discounts · insurance backstop · buyback from fees
LP
LP tokensVault shares · earn maker fees · first-loss backstop
POS
Position accountsFutures & perps · cross-margin · PnL in USDC
$
USDC · settlementCollateral · margin · cash settlement · fees
CAP
Capacity tokens · physicalOne mint per instrument and delivery quarter · minted on verification, burned on delivery
Native token staked as operator bond → unlocks capacity minting
Positions settle to USDC; physical settlement takes delivery of capacity tokens
Operators sell capacity tokens forward for USDC before the window opens
Trading fees in USDC → treasury → buyback and insurance fund
Infrastructure Capacity Market
Sell next year's GPUs this quarter.
Verified future capacity becomes a token. The token trades.
Capacity token● Verified
512 GPU-hr · GPU
Delivery Q1 2027 · 1 Jan – 31 Mar
IssuerNordic Compute AS · OSL2
Spec8× H100 SXM · NVLink · 400G
Mark value$1,077
StandardSolana · SPL
Verify
Attested inventory, power, network.
Mint
GPU-hours committed to a delivery window.
List
Sold forward on the order book. Capital today.
Settlement
A contract for Q1 compute resolves into Q1 compute.
Contract lifecycle
State 0Open
Trading
Position held on the order book. Cross-margin in USDC.
ContractGPU · Q1 27Size512 GPU-hr
State 1Expiry
Final index
Delivery-period index fixed from observed network prices.
Index0.989Cash-settledclosed
State 2Settle
Redemption right
Physical holders receive a claim on specific infrastructure.
SiteOSL2 · rack 14Window1 Jan – 31 Mar
State 3Deliver
Workload runs
Usage metered on the Openmesh network and reconciled on-chain.
Consumed0 GPU-hrStatusrunning
Liquidity providers
Back the books. Earn the flow.
Infrastructure owners
Tokenize capacity. Raise today.
Compute buyers
Lock in the GPUs you'll need.
~400ms
Block time
<$0.001
Transaction fee
SPL
Capacity token standard
24/7
Markets never close
What is a compute future?
A contract for GPU-hours or node-months in a specific quarter at a price agreed today. Close early, or hold to delivery.
What backs a contract?
Verified capacity only. No synthetic supply.
Cash or physical?
Both. Cash closes at the final index; physical resolves into a redemption right on real infrastructure.
When does it launch?
Openmesh Exchange is coming to Solana soon. Join the waitlist for the launch date, whitelist access and the opening market list. Reference pricing for every instrument is already available in the app.
How will I trade?
Connect a Solana wallet — Phantom, Solflare or Backpack — deposit USDC, and trade any listed instrument. Infrastructure owners apply to list capacity from the Capacity Market.