TCI‑CRI‑H100EU/EEA
3.99
8 providers · 10 Oct 2026
EU–US basis
What a European buyer carries when the hedge is priced in the US.
CME Group plans to list compute futures on 5 October 2026, pending regulatory review, that settle in cash on third-party H100 and B200 rental indices. A European buyer who hedges with them is exposed to the difference between what the EU/EEA population of sellers charges and what the reference population charges. TCI‑CRI‑H100‑BASIS‑US is that difference for one H100 SXM GPU-hour: the EU/EEA headline minus a US series priced with exactly the same rules.
The two legs and the spread
Each leg publishes only with five qualifying sellers; the spread publishes only when both legs do.
TCI‑CRI‑H100‑USUnited States
3.99
5 providers · 10 Oct 2026
TCI‑CRI‑H100‑BASIS‑USEU minus US
0.00
2 legs · 10 Oct 2026
2026-10 to date: mean $-0.18/GPU-hr over 6 of 10 sessions published. Gaps are not filled. Each CME contract covers a month of rent (730 GPU-hours), so the month is the unit a hedger's basis is measured in.
Last 60 sessions
What the spread measures, and what it does not
Both legs use the same unit definition, node floor, weighted median over offers, trim, tier weights, concentration cap and publication gate. Only the region differs, which is what makes the spread a regional basis rather than a comparison of two methods.
It is not the basis to the index the CME contracts settle on. That index's methodology is not public, and a spread against it would mix a regional difference with a methodological one that nobody outside can measure. What is published here is the regional part, with the method held constant.
The US leg draws on five candidate sellers (vast.ai, RunPod, Lambda, DigitalOcean, Voltage Park) against a gate of five. On any day one of them has no qualifying offer, the US leg gaps and so does the spread, with the reason in the audit set.
RunPod and DigitalOcean charge one price in every region, so on a day both qualify in both legs the same two prices sit on each side of the spread. That pulls the basis toward zero, and it is correct: a buyer can rent from either at the same price on either side of the Atlantic. A basis driven by the other sellers is the one that reflects regional pricing.
| Seller | Segment | Collector | H100 SXM rows, last 30 days |
|---|---|---|---|
| digitalocean | neocloud | digitalocean | EU/EEA + US |
| genesis_cloud | neocloud | static_yaml | not yet seen |
| hetzner | neocloud | static_yaml | not yet seen |
| lambdalabs | neocloud | gpuhunt | EU/EEA + US |
| leaseweb | neocloud | static_yaml | not yet seen |
| nebius | neocloud | gpuhunt | EU/EEA |
| runpod | marketplace | runpod | EU/EEA + US |
| scaleway | neocloud | scaleway | EU/EEA |
| seeweb | neocloud | static_yaml | EU/EEA |
| vast.ai | marketplace | vast_ai | EU/EEA + US |
| verda | neocloud | gpuhunt | EU/EEA |
| voltagepark | neocloud | voltagepark | US |
Sellers in both legs
10 Oct 2026: sellers that qualified in both legs, at the price each contributed to each leg. A basis larger than these differences comes from which sellers are in each leg, not from what they charge.
| Seller | EU/EEA | US | EU minus US |
|---|---|---|---|
| digitalocean | $4.41 | $4.41 | $0.00 |
| lambdalabs | $3.99 | $3.99 | $0.00 |
| runpod | $3.99 | $3.99 | $0.00 |
Where a region-flat price is placed
- vast.ai: every offer carries its own location.
- Lambda: catalogue rows carry a region (europe-central-1 is Germany).
- DigitalOcean: one price, recorded once for each region its availability page lists for the H100 (Amsterdam, New York, Toronto).
- RunPod: one price everywhere. A US row is recorded only on a day RunPod reports stock of that GPU type in a US datacentre.
- Voltage Park: sells only in the United States, by its own statement.