Hong Kong cooling degree days · Week 47 · Nov 16 - Nov 22
Cooling degree days at VHHH · 7 local days, 2026-11-16 to 2026-11-22 · trading closes 11-21 16:00 (8 d)
- Model fair
- 20.7 ± 7.5
- priced 23 min ago
- Edge
- -1.1
- fair minus market
- Volume
- 214
- 11 traders
- Open interest
- 254 / 185
- 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 |
|---|---|---|---|---|---|
| LNG-VHHH-26W47LNG for power | 103.73long 53¢ | 105.12 | -1.39 | +0.60% | 1.22 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 | 24.9°C | 20.2°C | 4.6 ± 1.8 | 4.6 |
| Tue, Nov 17 | Forecast | 26.0°C | 21.9°C | 5.9 ± 1.9 | 10.5 |
| Wed, Nov 18 | Forecast | 24.7°C | 16.9°C | 2.9 ± 1.9 | 13.4 |
| Thu, Nov 19 | Forecast | 19.4°C | 14.9°C | 0.5 ± 1.0 | 13.9 |
| Fri, Nov 20 | Forecast | 22.9°C | 14.7°C | 1.4 ± 1.7 | 15.3 |
| Sat, Nov 21 | Forecast | 23.5°C | 17.9°C | 2.9 ± 2.3 | 18.2 |
| Sun, Nov 22 | Forecast | 23.1°C | 17.0°C | 2.5 ± 2.3 | 20.7 |
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 shortpair | 17.40 | 9.80 | 56.3¢ | 21.7 |
| 11-13 13:50 | Buy longpair | 18.85 | 8.23 | 43.7¢ | 21.9 |
| 11-13 12:50 | Buy short | 59.83 | 33.41 | 55.8¢ | 21.7 |
| 11-13 05:50 | Buy short | 14.33 | 7.87 | 54.9¢ | 22.5 |
| 11-13 00:50 | Buy long | 17.36 | 7.82 | 45.0¢ | 22.6 |
| 11-12 20:50 | Buy short | 27.02 | 14.82 | 54.8¢ | 22.4 |
| 11-12 17:50 | Buy shortpair | 23.04 | 12.49 | 54.2¢ | 22.7 |
| 11-12 16:50 | Buy shortpair | 26.57 | 14.24 | 53.6¢ | 23.0 |
| 11-12 15:50 | Buy long | 53.80 | 24.78 | 46.1¢ | 23.4 |
| 11-12 14:50 | Buy long | 63.60 | 28.37 | 44.6¢ | 22.7 |
| 11-12 10:50 | Buy shortpair | 16.35 | 9.15 | 56.0¢ | 21.9 |
| 11-12 09:50 | Buy long | 14.67 | 6.46 | 44.0¢ | 22.1 |
| 11-12 07:50 | Buy long | 85.85 | 36.75 | 42.8¢ | 21.9 |
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 19:00. If a day of the period cannot settle, the contract is void and every position is refunded at cost.
Contract specification
- Symbol
- CDD-VHHH-26W47
- Index
- Cooling degree days (CDD), in °C-days
- Formula
- max(0, (high + low) / 2 - 18), summed over the period
- Station
- VHHH · Hong Kong
- Period
- Week 47 · Nov 16 - Nov 22 · 7 local days, 2026-11-16 to 2026-11-22
- Band
- 0 to 50
- Payoff
- Long: (index - 0) / 50 sUSDT per share, held to 0..1. Short: 1 minus that.
- Point value
- 0.0200 sUSDT per share per index point
- Trading closes
- 2026-11-21 16:00 UTC
- Settles from
- 2026-11-22 19:00 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 50 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.