Transparent pricing
One charge, on the taker, at the fill. The rate is not set yet.
The exchange makes money in exactly one place: a commission on a trade that fills. Everything else about it is settled and written below. The rate itself is an open decision, and rather than dress that up we print it as to be confirmed until the number exists.
The fee schedule
| Charge | Rate | Who pays | Basis |
|---|---|---|---|
| Trade commissionHalf a percent of contract value, charged once when the order fills. It is shown on the confirmation screen before you submit, printed on the face of the RFQ document, and lands in the public ledger as its own row. There is no spread hidden in the quoted price: the price you see is the price the seller is paid, and this is the only thing we take. | 50 bps (0.50% of notional) | The taker: the side whose order crosses the book and causes the fill. | A percentage of contract notional at the fill price, charged once, at the fill. |
| Submitting an RFQSubmitting a request, resting the bid it creates and cancelling it later cost nothing. A cancelled bid releases its deposit in full. | No charge | Nobody. | Per request. |
| Posting an askWhitelisted sellers and holders reselling an issued SLA post asks without a listing charge. | No charge | Nobody. | Per order. |
| Accounts and funds verificationOpening an account, having funds verified against proof and holding an SLA to activation carry no charge. | No charge | Nobody. | Per organisation. |
What is settled about the commission
- It falls on the taker, the side whose order crosses and causes the fill. Resting an order costs nothing.
- It is a percentage of contract notional at the fill price, not of your limit price and not per GPU-hour on top of the contract.
- It is charged once, at the fill. There is no recurring charge over the life of the SLA.
- It is shown in full on the confirmation screen before you submit, and it is a row in the public ledger afterwards.
- Only the rate is open. When it is decided it will appear in the table above and in every quote at the same moment.
The 20 percent deposit is not a fee
A verified bid locks 20 percent of its notional from your wallet. That money stays yours. It is released in full if you cancel, and on a fill it moves into escrow behind your SLA rather than to the exchange.
Escrow is released to the provider when you confirm SSH access at activation, returned to you if the provider defaults before delivery, and transferred with the SLA if you resell it. The terms are in the deposit and escrow terms.
What a contract costs is the market's business, not ours: the price is whatever a bid and an ask agree on. A bid above the best ask fills at the ask and never higher. Public reference prices show where other sellers list the same hardware.
What the venue does today
Real money does not move here. Deposits, escrow and any charge are ledger entries on a mock payment rail, so no commission has been collected from anyone. The pricing engine debits a development placeholder of 50 basis points on a demo fill purely so the arithmetic and the ledger rows are exercised. It is a stand-in, not a price the exchange has set or agreed with anybody.
Business verification and e-signature are mocked, and funds verification is a person reading proof. Read the disclosures before you rely on any of it.