Injective launches Nvidia GPU rental futures index with 10x leverage
The layer-1 blockchain has opened a perpetual futures market tracking rental prices for five Nvidia chips, letting traders take leveraged positions on AI computing costs.
Why it matters: Traders gain a leveraged way to take a view on AI computing costs, a market whose economics are under scrutiny as neocloud providers face doubts over their returns.
Key points
- The index is updated hourly from a seven-day trailing average of rental prices compiled by London-based LO:TECH, with USDC as margin.
- The launch expands Injective's August 2025 market, which covered only H100 rental prices, to a five-chip index.
Injective has launched a perpetual futures market tied to Nvidia GPU rental prices, letting traders take leveraged positions of up to 10x on the cost of AI computing, Cointelegraph reports. The Super Intelligence Compute Index covers five chips: the H100, B200, H200, A100 and RTX 4090.
The index draws on rental prices from compute marketplaces, compiled by the London-based market data firm LO:TECH. Traders use USDC as margin to bet on whether it will rise or fall.
The product builds on Injective's August 2025 market linked to H100 rental prices, widening it from one chip to five. Injective said the market could let AI developers hedge against higher computing costs, while GPU providers could protect themselves against falling rental revenue.
The launch comes as AI cloud providers face doubts over whether they can recover the cost of GPU infrastructure.
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