Phase 01
AI Token Index
A common benchmark across major providers, models, and token types for pricing and settlement.
GPT-5.6 SOL$30.00/ 1M OUT
CLAUDE FABLE 5$50.00/ 1M OUT
GEMINI 3.1 PRO$12.00/ 1M OUT
QWEN3.7 MAX$3.75/ 1M OUT
DEEPSEEK V4 PRO$0.87/ 1M OUT
SAKANA FUGU ULTRA$30.00/ 1M OUT
OPENAI INDEX$18.77/ 1M OUT
ANTHROPIC INDEX$21.14/ 1M OUT
GEMINI 2.5 FLASH$2.50/ 1M OUT
GPT-5.4 MINI$4.50/ 1M OUT
GEMINI 2.5 FLASH-LITE$0.40/ 1M OUT
GPT-5.4 NANO$1.25/ 1M OUT
GPT-4.1$8.00/ 1M OUT
OTC product
Post terms, get matched
Each request pins the provider, model, token type, side, notional size, and maturity date, then IFX looks for compatible interest on the other side.
IFX also publishes its own LLM Price Index, and can match requests against that benchmark across frontier labs.
Long
Wins if the final reference price clears above the contract price.
Short
Wins if the final reference price clears below the contract price.
How the market works
Request, match, settle
01
Post a request
Choose a provider, model, side, output-token notional, and maturity, then IFX checks the request before matching.
02
Find the other side
IFX matches compatible long and short interest across supported providers, models, and maturities, with no booking until both sides confirm.
03
Confirm the contract
When a match is found, IFX sends the final terms to both sides. The contract is booked only after both counterparties approve it.
OTC workflow
Final terms are confirmed by both sides before booking.
04
Settle the exposure
At maturity, settlement uses the agreed public API price reference and USDT payment terms.
Settlement
IFX checks the agreed reference before settlement.
Team
Operators behind IFX
Founder / CEO
Gabriel Dmitriev
Fintech product operator with 4+ years launching and scaling financial products.
Key experience
- ·Launched 10+ startups from zero
- ·Raised $55M+ in liquidity across projects
- ·Fintech, Web3, and market-launch strategy
BD Lead
Vladimir Lebedev
Go-to-market and partnership operator with deep experience building commercial networks.
Key experience
- ·Led 40+ product launches
- ·Built a partner network of 200+ companies
- ·Scaled an agency into the CIS top 3
Development Lead
Alexey Borodin
AI infrastructure leader building enterprise-grade systems for major financial institutions.
Key experience
- ·Led engineering teams of 50+ people
- ·Built AI architecture for leading banks
- ·Shipped text-to-SQL across 5+ major banks
Quant Research Lead
Alexander Polyakov
Quantitative researcher in derivatives pricing and financial mathematics.
Key experience
- ·Structured products trading
- ·Volatility models and option pricing
- ·Optimal transport in financial mathematics
Roadmap
Roadmap to AI Token Markets
LIVE
LIVE
In dev
2027
Phase 02
OTC Market Live
Live bilateral market for AI token-price exposure. Early hedgers and makers can price and settle risk today.
Phase 03
Futures Exchange
IFX launches standard futures with order matching, margining, and cash settlement.
Phase 04
Curve Expansion
Trade token-price risk across maturities, providers, and future pricing regimes.
Post your first futures request
Send provider, model, side, size, and maturity, and we will look for matching interest before booking.
FAQ
Frequently asked questions
How do futures work on IFX?
You submit a request (model, side — long/short, notional size, maturity). We reach out, confirm terms with you, and look for a matching counterparty on the other side. Once both sides agree, the contract is booked. It's an OTC deal — no open order book, everything goes through mutual confirmation.
How is the reference price calculated?
The price is pulled from public data — the provider's published price per 1M output tokens for a given model (OpenAI, Anthropic, Google, etc.). Separately, IFX runs its own volume-weighted index built from OpenRouter usage data — the full index methodology is published openly.
What happens if no counterparty is found?
The request stays open (it isn't auto-booked), you get a status update, you can adjust terms (size, maturity, price) to improve match odds, or withdraw the request.
How is the contract settled at maturity?
Cash-settled (no physical token delivery) — at maturity the agreed reference price is fixed, and the difference is paid out in USDT.
Who is IFX for?
Companies with real token-cost exposure: high-LLM-spend SaaS companies, AI startups, grant-funded research labs, and anyone who wants to hedge (or speculate on) the price risk of a specific model going up or down. Also relevant for market makers and traders who want exposure without actually consuming tokens.
Futures request
▓█ ▓█ ▓█
Request received
We will review it, look for the other side, and come back before booking.