MARKET PULSEH100 $4.18/GPU-HR 3PH200 $4.47/GPU-HR 1PMI300X $2.59/GPU-HR 1PL40S $1.62/GPU-HR 2PB300 $16.0/GPU-HR 1POBSERVED 2026-09-03 · 1H CACHE

MARKET BOARD / 1H CACHE

The cost of
compute.

Normalized public list prices with an explicit freshness clock, source rights and provider-level observations. No false “real-time” labels; every figure says what it is.

MARKET AT A GLANCE

CL-FCR$4.41REFERENCE INDEX · USD / GPU-HR →
H100 MEDIAN$4.183 PROVIDERS · PUBLIC LIST PRICES
SOURCE COVERAGE12327 NORMALIZED OFFERS · 9 PROVIDERS
OBSERVED09-032026 · CHECKED HOURLY
CURRENTCHECKED 03 SEPT, 21:40 UTCSOURCE UPDATES DAILY · WE CHECK HOURLY CACHE, ON REQUEST

COMPUTE LEDGER REFERENCE INDEX

CL-FCR Frontier Compute Rate

One current-snapshot reference rate across eligible H100-family, H200, MI300X and B300 public cloud offers.

REFERENCE INDEX · NOT TRADEABLE$4.41USD / GPU-HR
RANGE
$2.59–$16.00
COVERAGE
3 providers · 9 offers
CONSTITUENTS
H100 family · H200 · MI300X · B300
OBSERVED
2026-09-03
GPU FAMILYMEDIANRANGECOVERAGE
H100H100 family · public cloud$4.18/ GPU hr$3.37–$4.413 providersBROAD · 4 offers · 2026-09-03
H200H200 · public cloud$4.47/ GPU hr$4.47–$4.471 providerSINGLE SOURCE · 2 offers · 2026-09-03
MI300XAMD MI300X · public cloud$2.59/ GPU hr$2.59–$2.591 providerSINGLE SOURCE · 2 offers · 2026-09-03
L40SL40S · public cloud$1.62/ GPU hr$1.57–$1.672 providersLIMITED · 2 offers · 2026-09-03
B300HGX B300 · public cloud$16.0/ GPU hr$16.00–$16.001 providerSINGLE SOURCE · 1 offers · 2026-09-03
RTX6KRTX PRO 6000 · public cloud$6.25/ GPU hr$6.00–$8.251 providerSINGLE SOURCE · 4 offers · 2026-09-03

CAPACITY CALCULATOR

What does your GPU month cost?

EST. TOTAL$24,051
Data: gpucloudcompare.com (CC-BY-4.0)METHODOLOGY + LICENSE ↗
OFFICIAL MICROSOFT API · 1H CACHE

AZURE SPOT TAPE / REGIONAL RETAIL PRICES

A public window
into scarcity.

Current Linux Spot retail tariffs for two precisely defined, single-GPU Azure VMs. Compare regions without mixing Windows, reserved, Dev/Test or Low Priority prices.

CAPACITY-CONTINGENT SPOT TARIFF · NOT A GUARANTEED FILL
AZ-H100-SPOT

H100 NVL 94GB

Standard_NC40ads_H100_v5

Microsoft identifies NCads H100 v5 as the latest generation receiving net-new capacity.

LOWEST REGION$1.29USD / GPU-HR
LOW$1.290
MEDIAN$1.828
HIGH$4.944
REGIONS27
REGIONSPOT / GPU-HREFFECTIVE
US Easteastus$1.29001 AUG 26
ID Centralindonesiacentral$1.50901 JUL 26
US North Centralnorthcentralus$1.54801 OCT 25
EU Northnortheurope$1.54801 FEB 26
KR Southkoreasouth$1.61201 SEPT 25
UK Southuksouth$1.61201 SEPT 26
CHEAPEST: US EASTREGIONAL SPREAD $3.654
AZ-A100-SPOT

A100 PCIe 80GB

Standard_NC24ads_A100_v4

Microsoft states that net-new capacity is currently being deployed only for NCads H100 v5; this A100 SKU may be capacity-constrained.

LOWEST REGION$0.68USD / GPU-HR
LOW$0.679
MEDIAN$0.882
HIGH$1.358
REGIONS25
REGIONSPOT / GPU-HREFFECTIVE
US Easteastus$0.67901 JUL 26
US East 2eastus2$0.67901 AUG 26
US West 2westus2$0.67901 AUG 26
US West 3westus3$0.67901 SEPT 26
US Centralcentralus$0.76701 JUL 26
CA Centralcanadacentral$0.81501 AUG 26
CHEAPEST: US EASTREGIONAL SPREAD $0.679
STATUSFRESH · COMPLETE
CHECKED03 SEPT 2026, 21:40 UTC
COVERAGE2 SINGLE-GPU SKUS · 52 REGIONAL OBSERVATIONS

These are official Azure retail-price observations, not executable quotes or proof of available capacity. Azure Spot access depends on capacity and quota and can be interrupted. Microsoft says net-new capacity is currently being deployed only for the H100 generation, so the listed A100 tariff may represent legacy, capacity-constrained supply. Each VM price is normalized by the Microsoft-documented GPU count; this tape covers Standard_NC40ads_H100_v5 and Standard_NC24ads_A100_v4, not the complete Azure GPU catalog.

LISTED MARKET ROADMAP

From rates
to risk transfer.

Official venue announcements, separated from live market data. These products do not display a price until a licensed, operational feed and confirmed trading status are available.

CME GROUPTARGET 05 OCT 2026 · REGULATORY REVIEW PENDING

CME Compute Futures

NO PRICE FEED CONNECTED
BASIS
Silicon Data GPU rental indices
DESIGN
Cash-settled · announced H100 and B200 contracts
IDENTIFIERS
GPU1 · GPU2 · MDP 3.0 channel 386
TESTING
New Release from 30 Aug 2026 · NYMEX
OPEN OFFICIAL VENUE SOURCE ↗
ICE + ORNNANNOUNCED · REGULATORY APPROVAL PENDING

ICE / Ornn GPU Compute Futures

NO PRICE FEED CONNECTED
BASIS
Ornn Compute Price Index transaction benchmarks
DESIGN
USD-denominated · cash-settled
OPEN OFFICIAL VENUE SOURCE ↗