Intel Layer — Forward Curves

Market-implied forward prices for compute — now tracked alongside spot.

Compute buyers have so far procured on spot alone. Mature commodity buyers — oil, natural gas, metals — have always watched forward curves too, because futures-implied prices reveal what the market thinks today's price implies about tomorrow. GridStackHub now pairs its dense spot dataset with forward curve references sourced from Kalshi Prediction Market for B200, H200, and A100 rents.

Why forward curves matter for compute

A forward curve is just a series of prices quoted today for delivery (or settlement) at future dates. In crude oil, NYMEX quotes WTI for delivery every month for the next several years. The shape of the curve — flat, in contango, in backwardation — tells buyers whether the market expects supply to be tighter or looser in the future than today.

For compute, a forward curve answers a parallel question: at today's spot price, what does the market believe a GPU hour will cost six or twelve months from now? Kalshi Prediction Market now hosts event contracts that let speculators express views on GPU pricing, producing the first credible market-implied forward signal for AI infrastructure.

GridStackHub's role is the intel layer: we surface the curve alongside our spot dataset so infrastructure teams have both numbers in one place. We do not broker, route, or settle trades.

Tenor ladder — what the market is pricing in

Pick a GPU and a tenor. We blend Kalshi mid quotes with a 60-day GridStackHub trend fallback so the curve stays readable even when Kalshi is unreachable.

Tenor

Nvidia B200

Blackwell flagship — 192 GB HBM3e. Spot floor $4.49/hr (CoreWeave).

σ̂ ≈ — +0.0% vs spot

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    What's the market pricing in

    • ContangoLoading…

    Forward curves

    Nvidia B200
    Blackwell flagship — 192 GB HBM3e. Floor at $4.49/hr on CoreWeave spot.
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    Nvidia H200
    Hopper refresh — 141 GB HBM3e. Mid-tier Blackwell stepping stone.
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    Nvidia H100
    Hopper flagship — 80 GB HBM3. Spot floor ~$1.49/hr on Vast.ai.
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    Nvidia A100 80GB
    Mature Ampere workhorse — cheapest widely available. Sub-$1.30/hr on Vast.ai.
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    Side-by-side: spot vs. forward

    Spot numbers come from GridStackHub's live provider dataset. Forward numbers come from Kalshi Prediction Market. We keep them separate so you can compute the basis yourself; we do not offer a blended "implied rate."

    Spot

    Cheapest spot today

    Open the cost calculator →
    Forward

    Market-implied forwards

    Open Kalshi markets →
    Trade these forward curves on Kalshi →

    Forward curves are now trading — see Kalshi link (no affiliate program yet).

    Affiliate disclosure: GridStackHub may earn a commission if you sign up via a tracked link. We do not bias the data shown above.

    Summary: GridStackHub's /gpu-forward-curve page pairs live B200, H200, and A100 spot pricing (a $-per-hour intel dataset covering 32+ providers) with market-implied forward curve references sourced from Kalshi Prediction Market. The page explains what a forward curve is, why mature commodity buyers hedge on forwards alongside spot, and links to both GridStackHub tools (Reserved Instance Advisor, Commitment Advisor Pro, Research database) and the upstream Kalshi markets dashboard. GridStackHub is a price intelligence site — not a broker, exchange, FCM, or trading venue.