price of compute

NVIDIA L40S rental price

Median $1.52/GPU-hr on-demand · $0.83/GPU-hr spot · across 8 providers · Updated 2026-08-11 04:38 UTC · Anatomy ↓

Price history

$0.00$0.50$1.00$1.50$2.00Aug 9Aug 10Aug 11$1.52$0.79$0.83

Each point is the daily cross-provider median for this SKU and pricing type (per-provider medians first, so no marketplace’s volume dominates). Gaps are gaps — we don’t interpolate missing data.

The spread: the same NVIDIA L40S ranges from $0.80 to $2.25 per hour across tracked providers right now — a 2.8× difference. This is why we exist.

Where to rent it

ProviderTypeRegion$/GPU-hrSeen
DataCrunchDataCrunchSpot—$0.692026-08-11 04:38 UTC
Vast.aiVast.aiSpotTW$0.772026-08-10 21:56 UTC
RunPodRunPodCommunity—$0.792026-08-11 04:38 UTC
Vast.aiVast.aiOn-demandFI$0.802026-08-11 03:29 UTC
Massed ComputeMassed ComputeOn-demand—$0.882026-08-11 04:38 UTC
CoreWeaveCoreWeaveSpot—$0.982026-08-11 04:38 UTC
RunPodRunPodOn-demand—$0.992026-08-11 04:38 UTC
DataCrunchDataCrunchOn-demand—$1.372026-08-11 04:38 UTC
VultrVultrOn-demand—$1.672026-08-11 04:38 UTC
NebiusNebiusOn-demand—$1.802026-08-11 04:38 UTC
OVHcloudOVHcloudOn-demandUS$1.802026-08-11 04:38 UTC
CoreWeaveCoreWeaveOn-demand—$2.252026-08-11 04:38 UTC

Prices are as listed by providers at scrape time; availability at a listed price isn’t guaranteed. Links marked ↗ may be affiliate links — they never affect prices shown or ordering.

Anatomy: why it costs this

Everything that has to exist before one L40S-hour can be rented — then the arithmetic on the parts that can be priced honestly.

The foundry. Nearly every datacenter GPU is fabbed here — the tightest bottleneck in the chain.TSMC4N (AD102) process · packagingThe memory feeding this SKU — for HBM parts, the second great bottleneck.Micron · SamsungGDDR6 ECC · 48 GBDesign and the software moat — and most of the margin in the whole chain.NVIDIAGPU design & softwareHow this silicon becomes a rentable machine.Supermicro · Dell · Foxco…HGX/DGX & OEM serversFleets are financed; capital recovery is the largest slice of the hourly price.Capital marketsdebt & equityColo and hyperscale facilities; PUE lives here.Data centersland · shell · coolingGrid electricity including cooling overhead (PUE) — priced on the cost stack below.Power gridkWh per GPU-hourEvaporative-cooling upper bound — environmentally real, economically small.Waterliters per GPU-hourThe providers listing this SKU right now — the layer this site prices hourly.Clouds & marketplacesVast.ai · Massed Compute · Ru…The number this site tracks.You$1.52/GPU-hr median
Electricity$0.05/hr3.1%0.54 kWh from the grid
Water (upper bound)$0.003/hr0.2%≤ 0.6 L, priced high on purpose
Capital · facility · network · staff · margin$1.47/hr96.7%everything the operating inputs don't explain

Power basis: vendor GPU TDP only — full-server draw runs meaningfully higher × PUE 1.54 × 8.71¢/kWh (0.54 kWh from the grid). Water bounded at 1.8 L/kWh and $5/m³ — deliberately high. The residual is hardware amortization, facility, staff, and margin — presented as a residual because vendors don’t publish server street prices, and we don’t print numbers we can’t stand behind.

Verified inputs & sources
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NVIDIA L40S and NVIDIA L40 are tracked as separate SKUs — different interconnect, different performance, different market. Comparing them in one number would be wrong, so we don’t.

Last scrape: 2026-08-11 04:38 UTC · 1494 observations today across 16 providers · Failures logged, never interpolated.

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NVIDIA L40S rental price — live & historical | Price of Compute