Dubai cooling degree days · Week 47 · Nov 16 - Nov 22
Cooling degree days at OMDB · 7 local days, 2026-11-16 to 2026-11-22 · trading closes 11-21 20:00 (8 d)
- Model fair
- 55.7 ± 9.9
- priced 23 min ago
- Edge
- +0.1
- fair minus market
- Volume
- 365
- 12 traders
- Open interest
- 422 / 310
- long / short shares
Real-asset futures that follow this index
simulated pricesEach contract below is a commodity price index the demo simulates: 100 on the day it was listed, moved by this contract's CDD and by a simulated market factor. Weather-implied is the price at the index this market is trading at now; when it differs from the asset's own market price, simulated spread traders trade the two against each other.
| Contract | Market price | Weather-implied | Gap | Per 1% of index | Hedge |
|---|---|---|---|---|---|
| PWR-OMDB-26W47Electricity | 103.21long 53¢ | 105.36 | -2.15 | +1.10% | 1.21 short per long share |
How the index builds, day by day
Each bar is one local day's contribution to the index. Days on the final record count as they stand; the rest are the model's estimate, with a whisker one standard deviation either way.
Day-by-day table
| Day | Source | High | Low | CDD | Running total |
|---|---|---|---|---|---|
| Mon, Nov 16 | Forecast | 29.7°C | 23.6°C | 8.6 ± 1.9 | 8.6 |
| Tue, Nov 17 | Forecast | 29.3°C | 25.6°C | 9.4 ± 2.0 | 18.1 |
| Wed, Nov 18 | Forecast | 28.5°C | 24.1°C | 8.3 ± 2.2 | 26.4 |
| Thu, Nov 19 | Forecast | 30.6°C | 20.3°C | 7.5 ± 2.4 | 33.8 |
| Fri, Nov 20 | Forecast | 29.1°C | 24.7°C | 8.9 ± 2.6 | 42.7 |
| Sat, Nov 21 | Forecast | 28.2°C | 20.3°C | 6.3 ± 2.7 | 49.0 |
| Sun, Nov 22 | Forecast | 28.9°C | 20.6°C | 6.8 ± 2.9 | 55.8 |
Market index path
one step per trade · dashed line: model fair nowRecent trades
| Time | Trade | Shares | Amount | Avg price | Index after |
|---|---|---|---|---|---|
| 11-13 19:50 | Buy shortpair | 14.04 | 6.87 | 48.9¢ | 55.6 |
| 11-13 17:50 | Buy short | 23.38 | 11.33 | 48.5¢ | 55.9 |
| 11-13 16:50 | Buy long | 37.66 | 19.34 | 51.4¢ | 56.3 |
| 11-13 13:50 | Buy long | 47.81 | 24.04 | 50.3¢ | 55.6 |
| 11-13 08:50 | Buy long | 27.13 | 13.39 | 49.3¢ | 54.8 |
| 11-13 06:50 | Buy shortpair | 23.83 | 12.08 | 50.7¢ | 54.3 |
| 11-13 05:50 | Buy shortpair | 12.92 | 6.49 | 50.2¢ | 54.7 |
| 11-13 05:50 | Buy long | 50.68 | 24.98 | 49.3¢ | 54.9 |
| 11-13 03:50 | Buy long | 75.42 | 35.99 | 47.7¢ | 54.1 |
| 11-13 00:50 | Buy long | 46.93 | 21.68 | 46.2¢ | 52.7 |
| 11-12 18:50 | Buy longpair | 16.03 | 7.28 | 45.4¢ | 51.9 |
| 11-12 18:50 | Buy short | 51.12 | 27.68 | 54.2¢ | 51.6 |
| 11-12 14:50 | Buy longpair | 18.66 | 8.63 | 46.3¢ | 52.5 |
| 11-12 14:50 | Buy short | 59.56 | 31.71 | 53.2¢ | 52.2 |
| 11-12 12:50 | Buy long | 38.60 | 18.15 | 47.0¢ | 53.3 |
A trade marked pair is one leg of a simulated spread trade: the other leg is in a real-asset contract that follows this index.
Settlement
This contract settles on the sum of the station's daily records, as soon as the oracle marks all 7 days final and settleable - no earlier than 11-22 23:00. If a day of the period cannot settle, the contract is void and every position is refunded at cost.
Contract specification
- Symbol
- CDD-OMDB-26W47
- Index
- Cooling degree days (CDD), in °C-days
- Formula
- max(0, (high + low) / 2 - 18), summed over the period
- Station
- OMDB · Dubai
- Period
- Week 47 · Nov 16 - Nov 22 · 7 local days, 2026-11-16 to 2026-11-22
- Band
- 20 to 90
- Payoff
- Long: (index - 20) / 70 sUSDT per share, held to 0..1. Short: 1 minus that.
- Point value
- 0.0143 sUSDT per share per index point
- Trading closes
- 2026-11-21 20:00 UTC
- Settles from
- 2026-11-22 23:00 UTC
- Settlement source
- The station's daily record, final and settleable, from the Weather Market oracle
- Hedges
- Power - Electricity, LNG for power (the exposure it hedges; this contract settles on the index)
Long gains if CDD finishes above the level you pay for.
Virtual sUSDT only. No monetary value.
- Long gains when the index finishes higher, short when it finishes lower. A long and a short share together always pay 1 sUSDT.
- Outside the band 20 to 90 the contract pays as if the index had finished on the edge.
- You pay in full when you buy. What you paid is the most you can lose: no margin, no liquidation.
- You can sell back to the market maker at any time before trading closes, when the last day of the period begins.
- Void, with every position refunded at cost, if any day of the period cannot settle on the record.