Bitget Compute Perpetuals Explained

Computing power is becoming the “new oil” of the AI era.In the industrial era, those who controlled oil held the pulse of economic growth. In the AI era, computing power is what truly drives everything. Large model training, real-time inference, generative applications... Behind every second of intelligence are hundreds or thousands of high-end GPUs running continuously. As computing power becomes increasingly scarce and its price grows more volatile, a new financial instrument has emerged—compute perpetuals.

They are quietly transforming AI’s most essential means of production into an asset that can be traded, hedged, and positioned for.

What are compute perpetuals?

Simply put, compute perpetuals are derivatives whose underlying asset is the GPU rental price. Instead of delivering physical machines, they use standardized indexes to allow the market to price and trade expectations about the future cost of computing power.

Just as crude oil futures enable global price discovery based on oil supply and demand, compute perpetuals allow the market to price the actual cost of AI infrastructure.

When training a single large model can consume tens of millions or even over $100 million in computing power, price fluctuations are no longer merely a “technical detail,” but a genuine business risk and investment opportunity. Computing power is the new oil of the AI era. Compute perpetuals are a crucial step toward turning this “new oil” into a tradable asset.

Bitget puts the “new oil” in the hands of everyday traders

On September 8, 2026, Bitget officially launched the industry’s first pre-market compute perpetuals for retail users—H100USDT and B200USDT.

These two perpetual futures track GPU rental price indexes for the NVIDIA H100 and next-generation Blackwell B200, respectively, with quotes denominated in “USD per GPU-hour.” Without buying graphics cards or renting servers, you can go long or short on changes in global AI computing power rental prices, with up to 10x leverage, USDT settlement, and 24/7 trading.

Previously, only cloud providers, supercomputing centers, and major AI companies could participate in the computing power pricing market. Now, everyday traders can easily take part. This is not simply the launch of “another perpetual futures product.” For the first time, it truly financializes the core means of production in the AI era.

What exactly do the H100 and B200 indexes track?

Published by professional data provider Silicon Data, these two indexes are among the market’s most widely recognized benchmarks for GPU rental prices:

• H100 Index: Tracks the standardized average hourly rental cost of the H100, currently a mainstream GPU for training and inference

• B200 Index: Tracks the standardized average hourly rental cost of NVIDIA’s latest-generation Blackwell B200

The data is based on actual quotes from multiple cloud service providers and computing power suppliers, standardized for factors such as specifications, rental periods, and regions. It reflects real market supply and demand as closely as possible rather than the internal pricing of a single platform.

Trading these two perpetual futures essentially means trading whether global high-end computing power will become more or less expensive.

What does cash settlement mean?

Unlike many traditional commodity futures, compute perpetuals use cash-only settlement.When they expire or a position is closed, no one will deliver a pile of graphics cards to your home or ask you to take over servers at a data center. The system simply settles profits and losses in USDT based on the difference between the perpetual futures price and the index price. This means:

Lower barriers to entry, simpler operation, better liquidity, and a stronger fit for the crypto-native 24/7 trading environment. You are trading a view on price, not a physical asset.

What makes them different from crude oil and crypto futures?

They combine the infrastructure characteristics of crude oil futures with the flexibility and efficiency of crypto perpetual futures. Put simply, they allow everyday traders to participate directly in pricing AI’s most fundamental costs for the first time.

What exactly are you trading with compute perpetuals?

You are trading:

• Expectations about changes in global high-end GPU rental prices

• Changes in AI computing power supply and demand

• Cash profits and losses settled in USDT

• Your view on whether computing power will become more or less expensive in the future

You are not trading:

• Physical H100 or B200 graphics cards

• Data center racks or electricity

• Any physical assets requiring operation, maintenance, or delivery

• The delivery obligations of traditional futures

You are buying a view, not a machine.

Frequently asked questions

Q: Why should everyday traders pay attention to compute perpetuals?

Because AI has already permeated nearly every industry. Rising computing power costs will ultimately affect AI service prices, technology companies’ profits, and even AI-related assets. Trading computing power prices directly offers more precise exposure than indirectly speculating on AI-related themes.

Q: How is this different from buying Nvidia stock directly?

Stocks are influenced by multiple factors, including valuations, earnings, and sentiment, while compute perpetuals more directly track GPU rental supply and demand. The two are correlated but do not always move in sync.

Q: Are they risky?

Leverage always involves risk. Manage your position sizes carefully and treat compute perpetuals as a tool for expressing your market view, not as a gamble.

Q: Will there be more related products in the future?

Most likely. As the AI computing power market matures, products covering more GPU models and longer periods may emerge. This is only the beginning.

Conclusion

From oil to computing power, humanity has always turned its most critical means of production into tradable assets. As computing power becomes the “new oil” of the AI era, those who participate early in its price discovery are often better positioned to identify where the trend is heading.

Bitget’s H100 and B200 compute perpetuals put this opportunity directly into the hands of retail traders for the first time.