> ## Documentation Index > Fetch the complete documentation index at: https://docs.galadriel.co/llms.txt > Use this file to discover all available pages before exploring further. # Reselling GPU Time > Recover costs by selling unused GPU time back to the marketplace # Reselling GPU Time Galadriel's **secondary market** allows you to resell unused GPU time when you finish your workload early. This unique feature helps you recover costs and creates additional liquidity in the marketplace. ## Why Resell? **Common Scenario:** * You bought 7 days of GPU time for model training * Your model converged after 5 days * You have 2 days of unused time remaining * Terminating early gives you a refund, but reselling can earn you more **Benefits:** * ๐Ÿ’ฐ **Recover more money** than just terminating * โฑ๏ธ **Help other users** get GPUs at discounted prices * ๐Ÿ”„ **Create market liquidity** and efficiency * โœ… **Seamless transfer** with zero downtime for buyer ## How It Works ### Overview ``` You (Original Buyer) Marketplace New Buyer โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€ โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€ โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€ 1. Buy 7 days @ $1.30/hr โ†“ 2. Use GPUs for 5 days โ†“ 3. List remaining 2 days @ $1.20/hr โ†’ Order added to orderbook โ†“ 4. Buyer purchases โ† Match occurs at $1.20/hr โ†“ โ†“ 5. Transfer scheduled Transfer time: Your access ends 2025-11-12 14:00 โ†“ โ†“ 6. Receive: Buyer gets: - Original refund - Full node access - Resale proceeds - Your remaining time ``` ### Economics Example ``` Original Purchase: โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” - Duration: 168h (7 days) - GPUs: 16 H100 - Rate: $1.30/GPU/hr - Total: 168h ร— 16 ร— $1.30 = $3,494.40 After 5 Days (120h used): โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” - Remaining: 48h (2 days) - Without reselling: Terminate and get refund Option A: Just Terminate โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” Refund: 48h ร— 16 ร— $1.30 = $998.40 Total recovered: $998.40 Option B: Resell at $1.20/GPU/hr โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” Original refund: 48h ร— 16 ร— $1.30 = $998.40 Resale revenue: 48h ร— 16 ร— $1.20 = $460.80 Platform fee (10%): -$46.08 Net from resale: $414.72 โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” Total recovered: $998.40 + $414.72 = $1,413.12 Extra recovered by reselling: $414.72 โœจ ``` ## Creating a Resell Order ### CLI Basic resell: ```bash theme={null} galadriel lease resell lse_xyz123 --price 3.00 ``` With specific transfer time: ```bash theme={null} galadriel lease resell lse_xyz123 \ --price 3.00 \ --from "2025-11-12T14:00:00Z" ``` Transfer immediately (terminate your access now): ```bash theme={null} galadriel lease resell lse_xyz123 \ --price 3.00 \ --transfer-now ``` ### API ```http theme={null} POST /api/v1/leases/lse_xyz123/resell Authorization: Bearer Content-Type: application/json { "limit_price": 3.00, "available_from": "2025-11-12T14:00:00Z", "available_until": null, "transfer_immediately": false } ``` ### SDK (Python) ```python theme={null} from galadriel import Client client = Client(api_token="your_token") # Resell unused time resell_order = client.leases.resell( lease_id="lse_xyz123", limit_price=3.00, available_from="2025-11-12T14:00:00Z" ) print(f"Resell order ID: {resell_order.order_id}") print(f"Potential recovery: ${resell_order.potential_recovery}") print(f"Net recovery: ${resell_order.net_recovery} (after 10% fee)") ``` ## Resell Order Responses ### Pending (Waiting for Buyer) ``` ๐Ÿ’ฐ Creating resell order for unused GPU time... โœ“ Order ID: ord_resell123 โœ“ Lease: lse_xyz123 (16x H100 GPUs) โœ“ Original price: $1.30/GPU/hr โœ“ Resell price: $1.20/GPU/hr โœ“ Time remaining: 48 hours (2 days) โœ“ Potential recovery: $2,304.00 โœ“ After 10% platform fee: $1,958.40 ๐Ÿ“Š Your lease timeline: Now โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€> 2025-11-12 14:00 โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€> 2025-11-14 14:00 โ”‚ โ”‚ โ”‚ You keep using Transfer to buyer Original end (if matched) ๐Ÿ’ก Next steps: - Your order is live in the marketplace - Continue using GPUs until transfer time - You'll be notified when a buyer is matched - Check status: galadriel order get ord_resell123 ``` ### Immediately Matched ``` ๐Ÿ’ฐ Creating resell order for unused GPU time... โœ“ Matched instantly! โœ“ Buyer: ord_buyer789 โœ“ Sale amount: $2,304.00 (16 GPUs ร— 48h ร— $1.20) โœ“ Platform fee (10%): -$345.60 โœ“ Net recovery: $1,958.40 โœ“ Original refund: $2,649.60 (from Galadriel) โœ“ Total recovered: $4,608.00 ๐ŸŽ‰ Your unused GPU time has been sold! โฐ Transfer scheduled for: 2025-11-12 14:00 UTC - Your access will be terminated at that time - Buyer will receive kubeconfig and SSH access - Funds will be credited to your account ๐Ÿ“ง You'll receive: 1. Confirmation email now 2. Reminder 1 hour before transfer 3. Transfer completion notification ``` ## Transfer Process ### What Happens at Transfer Time **1 Hour Before Transfer:** ``` โฐ Lease Transfer Reminder Your lease lse_xyz123 will transfer in 1 hour: - Transfer time: 2025-11-12 14:00 UTC - New owner: Customer ord_buyer789 - Your access will be terminated Action required: - Save any important data - Stop running jobs - Your pods will be deleted at transfer time ``` **At Transfer Time (Automated):** ``` Step 1: Your access terminated โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” - All your pods deleted - Kubeconfig invalidated - SSH access revoked - Namespace cleaned up Step 2: Buyer access granted โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” - New namespace created - Fresh kubeconfig generated - SSH keys set up - Full access to same nodes Step 3: Financial settlement โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” - Original refund: $2,649.60 credited - Resale proceeds: $1,958.40 credited - Total: $4,608.00 in your account ``` ## Pricing Strategies ### Pricing at Market Rate List at current market price for quick sale: ```bash theme={null} # Check current market price galadriel orderbook --gpu-type h100 --zone us-west-1 # List at best ask price galadriel lease resell lse_xyz123 --price 1.40 ``` **Pros:** * โœ… Quick sale (usually under 1 hour) * โœ… Maximum recovery * โœ… Less risk of not selling **Cons:** * โš ๏ธ May not sell if market drops ### Pricing Below Market (Discount) List below market for guaranteed sale: ```bash theme={null} # List 10% below market galadriel lease resell lse_xyz123 --price 1.20 # if market is $1.30 ``` **Pros:** * โœ… Very quick sale (under 30 min) * โœ… Still better than just terminating * โœ… Helps market liquidity **Cons:** * โš ๏ธ Less total recovery ### Pricing Above Original Cost List higher than what you paid (if market went up): ```bash theme={null} # You paid $1.30, now market is $1.50 galadriel lease resell lse_xyz123 --price 1.45 ``` **Pros:** * โœ… Profit on resale * โœ… Recover original cost + extra **Cons:** * โš ๏ธ May take longer to sell * โš ๏ธ Risk market drops before sale ## Managing Resell Orders ### Check Resell Order Status ```bash theme={null} galadriel order get ord_resell123 ``` Output: ``` ORDER ID: ord_resell123 TYPE: limit (resell) SIDE: sell LEASE ID: lse_xyz123 GPU TYPE: h100 GPU COUNT: 16 LIMIT PRICE: $1.20/hr STATUS: pending CREATED: 2h ago TRANSFER TIME: 2025-11-12 14:00 UTC POTENTIAL RECOVERY: Resale revenue: $2,304.00 Platform fee (10%): -$345.60 Net recovery: $1,958.40 Original refund: $2,649.60 Total recovery: $4,608.00 CURRENT MARKET: Best bid: $2.95/hr (close to your price!) Best ask: $3.70/hr ``` ### Cancel Resell Order If you change your mind before it's matched: ```bash theme={null} galadriel order cancel ord_resell123 ``` You can only cancel if the order hasn't been matched yet. Once matched, the transfer will proceed as scheduled. ### Update Resell Price Cancel and create a new order with different price: ```bash theme={null} # Cancel existing galadriel order cancel ord_resell123 # Create new with different price galadriel lease resell lse_xyz123 --price 3.20 ``` ## Edge Cases & FAQs If your resell order doesn't match by the transfer time (`available_from`), it will be automatically cancelled. Your lease continues until the original end time. You keep using the GPUs as normal. You can: * Create a new resell order with different pricing * Continue using until original lease end * Terminate early for a refund **Yes!** You maintain full access until the transfer time. The resell order just makes your unused time available for future purchase. Your timeline: ``` Now โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€> Transfer Time โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€โ”€> Original End โ”‚ โ”‚ โ”‚ Full access Transfer happens Would have ended (working normally) (if matched) ``` At transfer time, all your pods are **automatically deleted**. The buyer gets clean nodes. **Best practice:** * Save checkpoints before transfer time * Set `available_from` to when you're actually done * Don't schedule critical jobs near transfer time **No.** Once matched, the transfer is committed. The buyer has already paid, and the transaction cannot be reversed. You will receive: * 1 hour warning before transfer * Final notification at transfer Make sure you're ready to give up access before creating the resell order. Use the `--transfer-now` flag: ```bash theme={null} galadriel lease resell lse_xyz123 --price 3.00 --transfer-now ``` This sets `available_from` to NOW, meaning if a buyer matches, the transfer happens immediately. Your access is terminated right away. Use this when: * You're completely done with the GPUs * Want to maximize recovery ASAP * Don't need gradual transition **Yes!** This is the key benefit of reselling. You receive: 1. **Original refund** from Galadriel for unused time at your purchase price 2. **Net resale proceeds** from the buyer (their payment minus 15% fee) Total recovery = Original refund + Net resale proceeds Your order won't match until: * Market price rises to your listing price, OR * You cancel and relist at a lower price If it doesn't match by transfer time, the order is automatically cancelled and you keep the GPUs until original lease end. **No.** At transfer time: * All your pods are deleted * Namespace is destroyed * Nodes are cleaned (tmp files removed) * Buyer gets fresh, clean nodes **However**, if you stored data in persistent volumes or node-local directories, you should clean those up yourself before transfer. ## Best Practices ### 1. Price Competitively Check the orderbook before listing: ```bash theme={null} galadriel orderbook --gpu-type h100 --zone us-west-1 ``` List at or slightly below best ask for quick sale. ### 2. Set Realistic Transfer Times Don't set `available_from` too soon if you're still working: ```bash theme={null} # Good: Giving yourself buffer galadriel lease resell lse_xyz123 \ --price 3.00 \ --from "2025-11-12T14:00:00Z" # 6 hours from now # Risky: Too soon, might still be working galadriel lease resell lse_xyz123 \ --price 3.00 \ --from "2025-11-12T08:30:00Z" # 30 min from now ``` ### 3. Save Checkpoints Before transfer time: * Save model checkpoints * Export important data * Document your setup (for future reference) ### 4. Monitor Market Conditions If listing for a while: ```bash theme={null} # Check if market moved galadriel prices --gpu-type h100 --zone us-west-1 --days 1 # Adjust price if needed galadriel order cancel ord_resell123 galadriel lease resell lse_xyz123 --price 3.20 # new price ``` ### 5. Plan Transfer Time Choose transfer times strategically: * **Peak hours** (9am-6pm): More buyers, better chance of matching * **Off-peak** (nights): Fewer buyers, but lower competition * **Weekends**: Moderate activity ## Real-World Example **Scenario: Training a 70B LLM** ```bash theme={null} # Day 1: Purchase GPUs galadriel order buy \ --gpu-type h100 \ --gpus 16 \ --duration 168h \ --price 3.45 \ --zone us-west-1 # Cost: 168h ร— 16 ร— $1.30 = $9,273.60 # Days 1-5: Training kubectl apply -f llm-training.yaml # ... training runs ... # Day 5: Model converged! ๐ŸŽ‰ # Check remaining time galadriel get lse_xyz123 # Shows: 48h remaining (2 days) # Day 5: List unused time for resale galadriel lease resell lse_xyz123 \ --price 3.00 \ --from "2025-11-12T18:00:00Z" # 2 hours from now # Hour later: Matched! # Transfer at 18:00 UTC # Pods automatically cleaned up # Buyer gets access # Final accounting: # - Used: 120h ร— 16 ร— $1.30 = $6,624.00 (actual cost) # - Original refund: $2,649.60 # - Resale recovery: $1,958.40 # - Total back: $4,608.00 # - Net cost: $6,624.00 - $4,608.00 = $2,016.00 # # Effective rate: $2,016 รท (120h ร— 16) = $1.05/GPU/hr # Saved: $4,608.00 compared to no reselling! ๐Ÿ’ฐ ``` ## Next Steps Learn more cost optimization strategies Understand orderbooks and matching Resell API documentation See real-world reselling examples