AI teams rent GPUs at floating hourly rates, with no instrument to lock them in. Tesselex lists cash-settled forwards, options and basis swaps on GPU-hour rates — priced against a multi-source rental index, cleared on-chain, custody never leaving your wallet.
Trading is invite-only during the guarded launch. Every number below is public and needs no invite.
| Index | Mark $/GPU-hr | 24h | Sources | Last print | Status |
|---|---|---|---|---|---|
| loading… | |||||
Each tier mark is posted on-chain by a signer quorum (house-held today; independent signers are Phase 2), movement-capped, and published only above a minimum count of independent sources. A tier that loses quorum freezes: it never fabricates. The composite and the H200−H100 basis are derived from those tier marks, not polled directly. Per-tier index status and settlement grades.
Fix a GPU-hour rate for a future month. Cash-settled on a 72-hour TWAP at expiry.
European calls and puts across a strike ladder, priced Black-76. The ladder re-grids itself as the index moves.
One tier against another — the H200−H100 spread without outright exposure.
| Contract unit | — |
| Quotation | USD per GPU-hour, settled in USDC (testnet mock) |
| Settlement | Cash. 72-hour TWAP of the index at expiry — no delivery. |
| Initial margin | — |
| Maintenance | — |
| Execution | Request-for-quote. Makers return signed firm quotes. |
| Liquidity | — |
| Listed expiries | — |
| Trading hours | Continuous. Clearing on-chain, Base Sepolia. |
The clearing pool must equal the sum of every account, to the wei, at every block. This page re-derives that identity in your browser from the published snapshot, reports whether it closes, and states the snapshot's age. Same endpoint, no key required.
# verify from your own machine $ curl https://tesselex.xyz/v1/solvency
You're funded with $100,000 of test USDC. Real prices, nothing at risk.
One signature to sign in. Your wallet signs every trade thereafter.
Firm quotes from the venue's house market makers. Sign to fill; positions settle on-chain.
TESSELEXGPU derivatives venue