Dubai cooling degree days · November 2026
Cooling degree days at OMDB · 30 local days, 2026-11-01 to 2026-11-30 · trading closes 11-29 20:00 (16 d)
- Model fair
- 286.2 ± 21.3
- priced 23 min ago
- Edge
- -2.6
- fair minus market
- Volume
- 174
- 9 traders
- Open interest
- 191 / 157
- 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-NOV26Electricity | 97.35long 47¢ | 98.97 | -1.61 | +1.10% | 0.60 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 |
|---|---|---|---|---|---|
| Sun, Nov 1 | Final record | 37.0°C | 27.0°C | 14.0 | 14.0 |
| Mon, Nov 2 | Final record | 37.0°C | 27.0°C | 14.0 | 28.0 |
| Tue, Nov 3 | Final record | 33.0°C | 27.0°C | 12.0 | 40.0 |
| Wed, Nov 4 | Final record | 34.0°C | 27.0°C | 12.5 | 52.5 |
| Thu, Nov 5 | Final record | 34.0°C | 27.0°C | 12.5 | 65.0 |
| Fri, Nov 6 | Final record | 36.0°C | 26.0°C | 13.0 | 78.0 |
| Sat, Nov 7 | Final record | 36.0°C | 26.0°C | 13.0 | 91.0 |
| Sun, Nov 8 | Final record | 35.0°C | 27.0°C | 13.0 | 104.0 |
| Mon, Nov 9 | Final record | 35.0°C | 26.0°C | 12.5 | 116.5 |
| Tue, Nov 10 | Final record | 33.0°C | 28.0°C | 12.5 | 129.0 |
| Wed, Nov 11 | Final record | 32.0°C | 28.0°C | 12.0 | 141.0 |
| Thu, Nov 12 | Final record | 30.0°C | 28.0°C | 11.0 | 152.0 |
| Fri, Nov 13 | Forecast | 29.2°C | 25.8°C | 9.5 ± 1.8 | 161.5 |
| Sat, Nov 14 | Forecast | 28.8°C | 25.7°C | 9.3 ± 1.8 | 170.8 |
| Sun, Nov 15 | Forecast | 29.8°C | 24.9°C | 9.4 ± 1.8 | 180.1 |
| Mon, Nov 16 | Forecast | 29.7°C | 23.6°C | 8.6 ± 1.9 | 188.8 |
| Tue, Nov 17 | Forecast | 29.3°C | 25.6°C | 9.4 ± 2.0 | 198.2 |
| Wed, Nov 18 | Forecast | 28.5°C | 24.1°C | 8.3 ± 2.2 | 206.5 |
| Thu, Nov 19 | Forecast | 30.6°C | 20.3°C | 7.5 ± 2.4 | 213.9 |
| Fri, Nov 20 | Forecast | 29.1°C | 24.7°C | 8.9 ± 2.6 | 222.8 |
| Sat, Nov 21 | Forecast | 28.2°C | 20.3°C | 6.3 ± 2.7 | 229.1 |
| Sun, Nov 22 | Forecast | 28.9°C | 20.6°C | 6.8 ± 2.9 | 235.9 |
| Mon, Nov 23 | Forecast | 28.2°C | 19.9°C | 6.1 ± 3.1 | 242.0 |
| Tue, Nov 24 | Forecast | 27.8°C | 18.9°C | 5.4 ± 3.2 | 247.4 |
| Wed, Nov 25 | Forecast | 27.7°C | 19.2°C | 5.6 ± 3.4 | 253.0 |
| Thu, Nov 26 | Forecast | 28.9°C | 23.6°C | 8.3 ± 3.8 | 261.2 |
| Fri, Nov 27 | Forecast | 27.7°C | 19.9°C | 6.0 ± 3.8 | 267.2 |
| Sat, Nov 28 | Forecast | 30.1°C | 18.9°C | 6.6 ± 4.1 | 273.8 |
| Sun, Nov 29 | Beyond the forecast | 27.3°C | 20.7°C | 6.2 ± 4.1 | 280.0 |
| Mon, Nov 30 | Beyond the forecast | 27.3°C | 20.7°C | 6.2 ± 4.1 | 286.2 |
Market index path
one step per trade · dashed line: model fair nowRecent trades
| Time | Trade | Shares | Amount | Avg price | Index after |
|---|---|---|---|---|---|
| 11-13 18:50 | Buy short | 34.79 | 17.50 | 50.3¢ | 288.8 |
| 11-13 17:50 | Buy short | 46.65 | 22.99 | 49.3¢ | 290.2 |
| 11-13 12:50 | Buy long | 76.09 | 38.31 | 50.4¢ | 292.1 |
| 11-13 07:50 | Buy short | 16.65 | 8.39 | 50.4¢ | 289.0 |
| 11-13 00:50 | Buy short | 13.56 | 6.78 | 50.0¢ | 289.7 |
| 11-12 22:50 | Buy long | 9.55 | 4.78 | 50.0¢ | 290.2 |
| 11-12 19:50 | Buy long | 29.36 | 14.55 | 49.5¢ | 289.9 |
| 11-12 17:50 | Buy longpair | 15.39 | 7.54 | 49.0¢ | 288.7 |
| 11-12 16:50 | Buy long | 37.12 | 17.94 | 48.3¢ | 288.1 |
| 11-12 11:50 | Buy longpair | 23.69 | 11.27 | 47.6¢ | 286.6 |
| 11-12 04:50 | Buy short | 45.54 | 23.75 | 52.2¢ | 285.6 |
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 30 days final and settleable - no earlier than 11-30 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-NOV26
- Index
- Cooling degree days (CDD), in °C-days
- Formula
- max(0, (high + low) / 2 - 18), summed over the period
- Station
- OMDB · Dubai
- Period
- November 2026 · 30 local days, 2026-11-01 to 2026-11-30
- Band
- 210 to 370
- Payoff
- Long: (index - 210) / 160 sUSDT per share, held to 0..1. Short: 1 minus that.
- Point value
- 0.0063 sUSDT per share per index point
- Trading closes
- 2026-11-29 20:00 UTC
- Settles from
- 2026-11-30 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 210 to 370 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.