Exascale

NeoCloud & Exchange · Spot · Forward · Futures

The Global Exchange for AI Compute

Exascale is the exchange where data centers sell compute capacity, AI labs buy it, and traders make the market — one liquid venue for GPU spot, futures, and compute credits.

04ExchangeOpen account
03AI PlatformGet API keys
02GPU CloudPrice a cluster
01Data Center NetworkList capacity
Exascale H100-SXM IndexUS-EAST
2.1908USD / GPU-hr▼ 2.43%

Bids

2.190569603
2.190059600
2.189574291
2.189033292
2.188554130
2.188036258
2.187517841

Asks

2.191549309
2.192084999
2.192573452
2.193024784
2.193542177
2.194038632
2.194539103

Built to clear capacity across the world’s clouds & neoclouds

The market

A single order book for the world’s compute.

Compute is the largest new input cost in technology and still trades the way physical commodities did before they had exchanges: negotiated bilaterally, priced by relationship, and impossible to hedge. Buyers overcommit to avoid being short; operators strand capacity they have no way to sell into. Both are the same missing thing — a public price and a venue to meet on.

H100-SXM · quoted by regionclearing 2.1440 USD/GPU-hr
Hover a region to inspect its spread and basis

Vertical integration

Four layers, one balance sheet.

Each layer is the customer of the one below it, which is why they are one company and not three. Megawatts are metered and sold on as GPU-hours, GPU-hours are served as tokens, and the exchange prices a book that quotes both. Traders, AI businesses and data-center operators all meet the same network — three of them paying demand in, one of them paid for supply.

Layer 04$ demand

Exchange

A central limit order book over the two units below it, cleared and settled in dollars.

Who
Traders
They
Buy · Sell
Unit
Spot · forwards · perps
We earn
A spread on every trade
Open the terminal
  1. Traders$ demand
    04

    Exchange

    GPU-hours and AI credits

    Spot · forwards · perpsA spread on every trade
  2. AI companies$ demand
    03

    AI Models

    Every modality, one schema

    AI tokensMargin on every token
  3. AI companies$ demand
    02

    GPUs

    Train, tune and serve, all sites

    GPU-hoursRate on every GPU-hour
  4. Data centers$ supply
    01

    Data Centers

    Someone else’s hardware, our meter

    MegawattsA share of every metered rack

Three sides of the market

Everyone who moves compute, in one venue.

01 / SUPPLY
Data centers & neocloud operators

Sell every idle kilowatt.

List spare capacity the moment it frees up and let the market price it. Turn stranded power and dark racks into continuous, metered revenue.

  • Per-second metering & payout
  • Proof-of-capacity attestation
  • Dynamic pricing by region & SKU
02 / DEMAND
AI enterprises & frontier labs

Buy exactly what you need.

Provision training and inference capacity at the market clearing price — no year-long lock-ins, no idle reservations. Burst on spot, secure runs on futures.

  • Instant multi-region provisioning
  • Lock forward price & capacity
  • One settlement account, any partner
03 / LIQUIDITY
Traders & market makers

Trade compute as an asset.

Make markets, arbitrage regional price gaps, and hedge exposure with GPU futures and compute credits. Deep books, tight spreads, T+0 settlement.

  • Spot, futures & options
  • Fungible, transferable credits
  • FIX / REST / WebSocket APIs

Instruments

Every way to price a FLOP.

From burst-now spot to quarters-out futures, Exascale lists the full curve — settled in a single fungible unit of account.

Credits

Compute credits

Prepaid, escrowed dollar balances spendable against any partner on the venue — transferable, and redeemable at the clearing price.

Escrowed · settled in USD
Spot

Buy compute now

Immediate provisioning priced per GPU-hour, matched at the best available bid or ask.

Settle T+0 · priced per GPU-hour
Forwards

Lock the curve

Fix price and reserved capacity weeks to quarters ahead, and take delivery of the capacity itself at expiry. Hedge a planned training run against demand spikes.

Dated tenors · physical delivery
Futures

Perpetual futures

No expiry and no delivery — a cash-settled position on the GPU-hour price, held for as long as funding is paid. Take or hedge a view without ever touching capacity.

Perpetual · cash-settled · no delivery

Settlement pipeline

Order to settlement in one continuous loop.

A real matching engine, not a marketplace listing. Orders cross, capacity provisions on partner metal, usage meters per-second, and funds clear same-day.

01

Order

Post a bid or ask to the central book via console or API.

Console or API
02

Match

The engine crosses orders at best price, price-time priority.

Price-time priority
03

Provision

Winning capacity is allocated on the partner facility's metal.

Allocated on partner metal
04

Meter

Usage is metered per-second against an auditable settlement ledger.

Auditable ledger
05

Settle

Funds clear T+0; credits reconcile against escrow automatically.

T+0 clearing

Market structure

Built as a venue, not a marketplace.

A marketplace introduces two parties and takes a fee. A venue stands between them and carries the risk of the match — which is the difference between a listings business and an exchange, and the reason the mechanics below come first.

Central counterparty

Every match is novated to the venue, so neither side carries the other’s credit. One exposure to clear, not a web of bilateral ones.

Segregated escrow

Client funds sit apart from the venue’s own balance sheet and are reserved per trade, not commingled and drawn against later.

One reference price

A single continuously discovered price per accelerator class and region, published to every participant on the same terms.

Delivery or cash

Forwards deliver the capacity itself; perpetuals settle in cash against the index. The same book prices both.

Clearing & custody

Exascale stands in the middle of every trade.

As central counterparty, Exascale novates each match, escrows credits, and guarantees settlement — so a lab never fronts capital to an operator it doesn’t know, and an operator is always paid for metered work. Capacity is verified by cryptographic proof-of-capacity attestations pulled directly from partner facilities.

Central counterpartyNovated at matchSegregated escrowProof-of-capacity
Order bookCentral limit, price-time
Clearing modelNovated to the venue
Client fundsSegregated, reserved per trade
Capacity proofCryptographic attestation
MeteringPer-second, auditable

Live order book

Depth you can read at a glance.

Every resting bid and ask on H100-SXM, cumulative by price. Hover the curve to inspect the book — price, size, and distance from mid.

Bids 5,259 Asks 6,746
H100-SXM · US-EAST · cumulative GPU-hr
mid 2.1440
43.8% bid / 56.2% ask · book imbalance

The exchange, end to end

Everything a venue needs to be trusted.

Multi-region supply

Capacity aggregated across operators, regions and continents.

Accelerator-agnostic

NVIDIA and AMD classes quoted on one book, and new silicon as it reaches the market.

Central limit order book

Continuous two-sided markets, matched on price-time priority.

T+0 settlement

Same-day clearing, netted and settled in US dollars.

Segregated escrow

Counterparty funds held apart and reserved per trade.

Per-second metering

Usage billed to the second on an auditable ledger.

Proof-of-capacity

Cryptographic attestations pulled from partner metal.

Programmable

REST, a WebSocket feed, and a FIX 4.4 gateway.

Request access

Bring your side of the market to Exascale.

Onboarding for data-center operators, AI enterprises, frontier labs, and trading desks. Access is granted in rolling cohorts.

Open a trading accountBuy computeList your capacity