Published history. Clear boundaries.
Compute history starts in 2023; memory and storage in 2019, power in 2015 and hashprice in 2016. Each index has its own sources and methodology.
Trade the price
of compute.
CMPT-USD perpetual · 0% fees · No funding
Up to 20x in the first $100 of notional. Tiered margin and pilot caps apply. See limits and risks ↓
Trion Desk
Built for a faster start.
The app prepares Desk and Tools in the background when your connection allows.
One place for the index, the book and your next move.
app.trion.marketAdvanced
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Read the book
Trade the CMPT-USD perp with 0% maker and taker fees in open beta. Fills need a counterparty; liquidity and exits are not guaranteed.
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Keep risk in view
Review position size, margin and estimated liquidation before you trade. Higher leverage leaves less room for an adverse move.
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Work from one desk
Limit and market orders, reduce-only controls and TP/SL help you manage a position. A stop trigger is not a guaranteed exit.
Real compute prices. A perpetual order book. USDG collateral on Robinhood Chain. Open beta means real money and real risk.
YOUR MARKET. IN FOCUS.
One desk.
Compute in context.
Follow the index, read the book and manage your positions. A complete view of compute, without switching context.
01 / WHAT TRION IS
Compute is a commodity.
Now it has a market.
Trion is the market for compute. Trade the CMPT-USD perpetual against an index of GPU rental prices, with USDG collateral on Robinhood Chain. Explore five published resource indices and free, read-only Tools before you put capital at risk. Options trading is paused.
Your wallet. Your position.
Orders are signed by your wallet. Trion’s matcher clears trades on Robinhood Chain. Matching is not the same as confirmed on-chain settlement.
Size for the risk.
20x applies only to the first $100 of notional. Larger positions need more margin. Pilot caps, liquidation risk and possible market halts still apply.
02 / MARKETS
Follow the compute stack.
Five published indices. Trade the separate CMPT-USD perpetual in open beta.
Index prices below — not execution quotes.
COMPUTE
CMPT
H100 SXM rental pricing across compute marketplaces.
2.4838$/H100-hour
DAILY CLOSE · 22 SEP 2026
HISTORY SINCE 2023Chain-linked compute pricing
MEMORY
DRAM
A chain-linked basket of DDR4 and DDR5 spot prices.
664.2014index points
DAILY CLOSE · 18 SEP 2026
HISTORY SINCE 20192019 base = 100
STORAGE
NAND
Raw NAND flash pricing, tracking 3D TLC wafer dies.
546.7611index points
DAILY CLOSE · 07 SEP 2026
HISTORY SINCE 20192019 base = 100
POWER
GRID
New York City wholesale power: NYISO Zone J, real-time.
34.3300$/MWh
DAILY CLOSE · 22 SEP 2026
HISTORY SINCE 20155-minute source data
HASHPRICE
HASH
Expected Bitcoin mining revenue per PH/s, per day.
41.7656$/PH/day
DAILY CLOSE · 22 SEP 2026
HISTORY SINCE 2016Bitcoin mining economics
READ THE PRICE, NOT JUST THE NUMBER.
API observations replace dated daily closes when available. Otherwise the dated close remains visible. Index points are not dollars.
Published history is index data, not Trion trades. Mini-lines sample 12 published daily closes from each stated start year, evenly by row rather than calendar time; gaps remain. Their motion is decorative.
READ THE METHODOLOGY ↓ OPEN ALL MARKETS ↗Methodology / sources, units and historical coverage
CMPT (historical reference): a trimmed weighted geometric mean of quotes from six GPU venues. Published history starts on 1 January 2023; chain-linking preserves price continuity across hardware generations, not identical performance.
CMPT-USD (perpetual beta): a separate index of ten GPU clouds and marketplaces: an equal-weight geometric mean after trimming the highest and lowest 20% of venues, chain-linked so a venue dropping out does not move the price, and published on Robinhood Chain about once a minute with a hash of its inputs.
DRAM / NAND: DRAMeXchange spot component and wafer baskets, chain-linked across generations. Base 100 in January 2019; published history starts in 2019. Available observations may have gaps.
GRID / HASH: NYISO Zone J real-time power, published from 2015; Bitcoin mining revenue divided by network hashrate, published from 2016.
Sources: Trion published daily index series and Historical Indices Methodology. Dated reference prices are daily closes from those series, not execution quotes. Mini-lines use 12 evenly spaced row samples from the published start date onward.
03 / HOW IT WORKS
From a real price
to your position.
- 01 / VENUES
Observe the market.
Compute prices come from GPU clouds and marketplaces, including RunPod, Vast.ai, Lambda and Nebius, plus executed lease prices on Akash. Other indices use their own source baskets.
- 02 / INDEX
Publish a reference.
The compute index drops the highest and lowest venue prices, then takes a geometric mean of the rest.
- 03 / CHAIN
Anchor it on-chain.
The oracle publishes each price to Robinhood Chain with a hash of the exact inputs behind it. Those prints are the reference for settlement and margin.
- 04 / YOUR TRADE
Choose. Review. Trade.
Open CMPT-USD, choose long or short and review your size, collateral and estimated liquidation price. Use a limit price or a price-protected market order. Check the order’s status after submission.
Evidence hashes link index publications to their source observations. A public price should have a traceable origin.
04 / FREE TOOLS
Get a clearer view.
Before your next move.
Explore scenarios, research compute and inspect public records. No wallet connection required. These tools do not submit trades.
Liquidation Sandbox
Explore a hypothetical CMPT-USD position using published tiered risk settings. Compare size, collateral and adverse price moves without placing an order.
EXPLORE A SCENARIO ↗Index Data Workbench
Filter published observations, inspect their provenance and export your research. Missing observations stay missing, not invented.
INSPECT THE DATA ↗Trading Records CSV
Export available orders and fills for a public address. Coverage limitations stay visible. It is an activity export, not a tax report.
EXPLORE RECORDS ↗05 / WHY NOW
One commodity.
Different price pressures.
Compute is becoming a commodity, but its prices do not move as one. In Trion’s 90-day study, GCP H100 spot rose 52.8% while the blended compute index rose 2.7%. A public reference makes that gap visible. This historical study is not the CMPT-USD perpetual’s return.
GCP H100 spot+52.8%
Blended compute index+2.7%
Same period. Different exposures.
Source: Trion Compute Market Landscape, 19 September 2026, §1.2. Not a forecast.
06 / WHAT’S LIVE / WHAT’S NEXT
Built to trade.
Clear about the boundaries.
Five views of compute.
CMPT, DRAM, NAND, GRID and HASH publish index prices and history. Memory, storage, power and hashprice are reference indices, not tradable perpetual markets.
Up to 20x, not at every size.
20x on the first $100 of notional; 5x on the next $100; 2x above $200. Each tier applies only to its tranche, not to the whole position.
Initial margin is 5% / 20% / 50%; maintenance is 3.5% / 12% / 30%. A $300 position needs $5 + $20 + $50 = $75 initial margin: 4x overall. The sizing control does not override these requirements.
CMPT-USD perpetual.
A perpetual on the ten-venue CMPT-USD index. Choose sizing leverage from 1x to 20x in 0.1 steps. Margin is tiered by position size, not a flat 20x allowance. New open interest across all users is admitted up to $500, with an on-chain hard cap of $1,000 and a $2,000 notional cap per account. Caps may change. Fees are 0% and funding is off. Operator-cleared: Trion’s matcher settles trades and its keeper liquidates into Trion’s receiver.
At 20x, about a 1.5% adverse move from entry can bring the position to maintenance and trigger liquidation. Gaps can liquidate at worse prices. If the index feed degrades, new risk pauses and liquidations wait for a fresh normal price. Read the margin tiers and worked example before trading.
Derivatives and liquidity provision can lose capital. Contracts have not had an independent security audit. Historical data and on-chain settlement do not guarantee returns or eliminate smart-contract risk.
A gap can leave negative trading cash. Do not rely on liquidation to protect you. No insurance fund or auto-deleveraging backstop is active in this beta. The market can halt, and Trion may pause or end the beta. Read the risk disclosures.
07 / PERPS BETA
CMPT perps are
in open beta.
Open to everyone from Oct 2, 2026. The CMPT-USD perpetual tracks the price of one H100 GPU-hour. Trade with USDG collateral on Robinhood Chain (4663), and keep ETH for gas. Smart-contract wallets are not supported for orders yet.
- Up to 20x in the first margin tier; 0% fees and no funding during beta
- New open interest admitted up to $500 across users; $1,000 on-chain hard cap; $2,000 notional per account. Caps may change.
- 1-click trading, TWAP and Swarm orders, TP/SL and price alerts
- Right-click the chart to place a limit order
- Trion AI: type “buy 10 contracts with limits from 2.60 to 2.50”, then confirm
- An index of ten GPU clouds and marketplaces, published on-chain every minute