Transparent, independently calculated reference rates for GPU compute. Used by enterprises to benchmark spot pricing and anchor procurement negotiations.
Automated scrapers run hourly, fetching executable on-demand pricing from a diversified panel of US-based cloud providers. Multi-GPU clusters normalized to per-GPU equivalent.
All prices are converted to $/SCU-hour (Standard Compute Unit) using the ICX SCU formula: SCU = CNF × P-tier × U × Q. The A100 80GB is the baseline (1.0×). H100 SXM5 = 3.3× (locked, MLPerf-validated). P-tier captures interconnect quality. U and Q adjust for availability and service reliability.
Only SCU v1 eligible providers enter the panel: AWS, Azure, GCP, CoreWeave, Atlas Cloud. Consumer/community-grade providers (RunPod, Vast.ai, TensorDock, Lambda Labs) are excluded per P-05 eligibility findings. Minimum panel enforced — rate not published on thin data. Bottom and top 15% of NDPs trimmed.
Rates updated hourly from live scrapes. Each computation uses only currently-available providers, so the rate reflects executable spot prices — not stale listings. Each GPU type is stored as an independent time series.
ICX reflects transaction prices, not hardware ASP or production expense. Commodity benchmarks measure markets, not drilling costs. The rate anchors procurement — it is not a cost model.
Published methodology. Documented update process. Minimum data requirements enforced in code. Variant separation documented and applied consistently. The remedy for data risk is governance, not complexity.
Publish consistent hourly reference rates across GPU variants. Establish volatility patterns, seasonal shifts, and supply tightness in neutral instruments.
Enterprises benchmark vendor quotes to ICX. Procurement teams embed ICX in forecasts. The signal: "ICX plus spread" enters the market vocabulary.
Term expectations, forward curves, and realized volatility measures derived from observed spot data. Analytic layers, not separate businesses.
Bilateral swaps. Cash-settled futures. Only after the benchmark is sufficiently trusted and liquid. Trust is the prerequisite, not the product.
Get the daily rate delivered to your inbox. Access the API. Reference ICX in your next vendor negotiation.