Architect
CFTC-Regulated · Designated Contract Market

The American
Innovation Exchange

The first U.S. derivatives exchange purpose-built for the artificial intelligence economy

ai-exchange.architect.co/store
NVIDIA AMD Google TPU AWS Cerebras
NVIDIA Hopper

H200

Hopper refresh with 141 GB HBM3e. Workhorse of production inference. Cash-settled futures across the curve.
H200
B200
From $2.50/GPU-hr
▲ 1.2%
B300
From $3.20/GPU-hr
▼ 0.4%
H200
From $2.05/GPU-hr
▼ 1.8%
H100
From $1.65/GPU-hr
▼ 2.1%

Forward curve

SpotForward
Spot
$3.20
−1.8% today
3-mo fwd
$2.80
−12.5% vs spot
12-mo fwd
$2.30
−28.1% vs spot
Open interest
2.1M GPU-h
Across 184 sellers

Configure order

NVIDIA H200
How many GPUsmin 8 · multiples of 8
100GPUs+
TermCash-settled at expiry
Spot
$3.20/hr
1 mo
$3.05/hr
3 mo
$2.80/hr
6 mo
$2.55/hr
12 mo
$2.30/hr
24 mo
$2.05/hr
Price per GPU-hour$2.05
GPU-hours1,752,000
Contracts100
Settlement fee (0.15%)$5,387
Locked-in cost
$3,596,987
Cash-settled May 7, 2028
Cash-settled against the AI Exchange daily index. Marked-to-market daily.
Product suite

Compute is financialized.

Trade listed futures and options on GPU rental prices, including Nvidia Hopper and Blackwell models. Access perpetual-style futures on metals, energy, power, and more.

AI-native markets

Compute

GPU-hour futures and options across the curve — from monthly to yearly — on the accelerators that run production AI.

H100 · H200 · B200 · B300
Nvda H200 · Forward curve $2.30
1M · 2M · 3M · 6M · 12M · 24M −28.1% vs spot

Metals

Standard and perpetual futures contracts tracking the metals in the AI supply chain, with flexible contract weights.

Copper · Silver · Gold
Copper · Forward curve $5.70
1M · 2M · 3M · 6M · 12M · 24M +35.7% vs Q1

Energy and Power

Derivatives tracking the energy and power behind datacenter operations, including ISOs new to exchange-traded derivatives.

WTI · Henry Hub · Midwest · PJM · ERCOT
WTI Crude · Forward curve $76.42
1M · 2M · 3M · 6M · 12M · 24M −17.6% YTD
Perpetual futures on U.S. underlyings
WTI Crude Oil
Energy
$76.42 −0.42%
HH Natural Gas
Energy
5,847.50 +0.36%
Copper
Metals
$2,054.30 +0.84%
Midwest Power
Power
105.62 −0.18%
PJM Power
Power
4.31% −0.04%
GPU-hours unhedged today
0%
An immense opportunity to protect and grow compute investments
Global AI compute spend
$0B
Converging estimate for AI infrastructure capex by 2030
U.S. derivatives annual volume
$0T
Compute futures are entering the largest derivatives market in the world
AI industry participants

Built for neoclouds, hyperscalers, model labs, and more.

Hedge long and short compute risk using futures and options across the expiration curve.

Compute buyers

Lock in the cost of training and inference.

Frontier model labs, hyperscalers, enterprise AI teams, and SaaS platforms whose margins depend on GPU pricing. Fix tomorrow's compute costs today, plan multi-year capex, and protect inference economics from supply shocks.

Frontier model labs · Hyperscalers · Enterprise AI · AI-native SaaS
Compute sellers

Forward-sell capacity before it's built.

Neoclouds, GPU-as-a-service providers, colocation operators, and hyperscaler resellers sitting on long inventories of accelerators. Convert uncertain future revenue into a hedged forward curve that underwrites build-out decisions.

Neoclouds · GPUaaS providers · Colos · Hyperscaler resellers
Lenders

Underwrite datacenter debt with a real hedge.

Private credit funds, private equity sponsors, infrastructure lenders, and project-finance desks backing datacenter and GPU build-outs. Use liquid compute futures to mark collateral and hedge for billions in committed capital.

Private credit · PE infrastructure · Project finance · Asset-backed lenders
Speculators & arbitrageurs

Price today's most important commodity.

Market makers, macro hedge funds, CTAs, prop desks, and retail investors who want directional or relative-value exposure to AI compute. Deploy hedging, arbitrage, directional, and speculative strategies in a brand new asset class.

Market makers · Macro funds · CTAs · Prop traders · Retail

Get started.

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