Dubai cooling degree days · Week 48 · Nov 23 - Nov 29
Cooling degree days at OMDB · 7 local days, 2026-11-23 to 2026-11-29 · trading closes 11-28 20:00 (15 d)
- Model fair
- 44.1 ± 15.1
- priced 23 min ago
- Edge
- -0.7
- fair minus market
- Volume
- 425
- 10 traders
- Open interest
- 386 / 457
- 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-26W48Electricity | 105.18long 54¢ | 99.55 | +5.63 | +1.10% | 2.04 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 23 | Forecast | 28.2°C | 19.9°C | 6.1 ± 3.1 | 6.1 |
| Tue, Nov 24 | Forecast | 27.8°C | 18.9°C | 5.4 ± 3.2 | 11.5 |
| Wed, Nov 25 | Forecast | 27.7°C | 19.2°C | 5.6 ± 3.4 | 17.1 |
| Thu, Nov 26 | Forecast | 28.9°C | 23.6°C | 8.3 ± 3.8 | 25.4 |
| Fri, Nov 27 | Forecast | 27.7°C | 19.9°C | 6.0 ± 3.8 | 31.3 |
| Sat, Nov 28 | Forecast | 30.1°C | 18.9°C | 6.6 ± 4.1 | 37.9 |
| Sun, Nov 29 | Beyond the forecast | 27.3°C | 20.7°C | 6.2 ± 4.1 | 44.1 |
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 short | 67.77 | 36.78 | 54.3¢ | 44.9 |
| 11-13 11:50 | Buy short | 52.24 | 27.57 | 52.8¢ | 46.6 |
| 11-13 10:50 | Buy short | 28.78 | 14.90 | 51.8¢ | 47.9 |
| 11-13 09:50 | Buy shortpair | 18.41 | 9.42 | 51.2¢ | 48.6 |
| 11-13 07:50 | Buy short | 15.23 | 7.73 | 50.8¢ | 49.1 |
| 11-13 06:50 | Buy long | 69.60 | 33.80 | 48.6¢ | 49.4 |
| 11-13 01:50 | Buy longpair | 50.63 | 23.83 | 47.1¢ | 47.7 |
| 11-13 01:50 | Buy short | 80.76 | 42.45 | 52.6¢ | 46.4 |
| 11-13 00:50 | Buy short | 14.19 | 7.29 | 51.4¢ | 48.4 |
| 11-12 21:50 | Buy longpair | 27.09 | 13.13 | 48.5¢ | 48.8 |
| 11-12 20:50 | Buy longpair | 39.79 | 18.95 | 47.6¢ | 48.1 |
| 11-12 18:50 | Buy short | 19.50 | 10.26 | 52.6¢ | 47.1 |
| 11-12 11:50 | Buy shortpair | 52.31 | 27.06 | 51.7¢ | 47.6 |
| 11-12 11:50 | Buy long | 94.63 | 45.18 | 47.7¢ | 48.9 |
| 11-12 10:50 | Buy long | 75.30 | 34.36 | 45.6¢ | 46.6 |
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 11-29 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-26W48
- Index
- Cooling degree days (CDD), in °C-days
- Formula
- max(0, (high + low) / 2 - 18), summed over the period
- Station
- OMDB · Dubai
- Period
- Week 48 · Nov 23 - Nov 29 · 7 local days, 2026-11-23 to 2026-11-29
- Band
- 0 to 100
- Payoff
- Long: (index - 0) / 100 sUSDT per share, held to 0..1. Short: 1 minus that.
- Point value
- 0.0100 sUSDT per share per index point
- Trading closes
- 2026-11-28 20:00 UTC
- Settles from
- 2026-11-29 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 0 to 100 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.