Hong Kong cooling degree days · Week 48 · Nov 23 - Nov 29
Cooling degree days at VHHH · 7 local days, 2026-11-23 to 2026-11-29 · trading closes 11-28 16:00 (15 d)
- Model fair
- 19.8 ± 12.1
- priced 23 min ago
- Edge
- -9.2
- fair minus market
- Volume
- 478
- 10 traders
- Open interest
- 380 / 539
- 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-26W48LNG for power | 92.51long 44¢ | 92.64 | -0.13 | +0.60% | 1.23 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 | 21.6°C | 14.9°C | 1.4 ± 1.9 | 1.4 |
| Tue, Nov 24 | Forecast | 23.5°C | 14.5°C | 1.9 ± 2.3 | 3.3 |
| Wed, Nov 25 | Forecast | 24.6°C | 16.2°C | 2.9 ± 2.8 | 6.2 |
| Thu, Nov 26 | Forecast | 24.2°C | 17.3°C | 3.3 ± 3.1 | 9.5 |
| Fri, Nov 27 | Forecast | 25.4°C | 16.7°C | 3.6 ± 3.3 | 13.1 |
| Sat, Nov 28 | Forecast | 24.7°C | 17.4°C | 3.6 ± 3.4 | 16.7 |
| Sun, Nov 29 | Beyond the forecast | 23.4°C | 17.0°C | 3.1 ± 3.3 | 19.8 |
Market index path
one step per trade · dashed line: model fair nowRecent trades
| Time | Trade | Shares | Amount | Avg price | Index after |
|---|---|---|---|---|---|
| 11-13 15:50 | Buy longpair | 33.67 | 12.08 | 35.9¢ | 29.0 |
| 11-13 15:50 | Buy short | 78.26 | 49.78 | 63.6¢ | 28.4 |
| 11-13 14:50 | Buy longpair | 37.71 | 13.90 | 36.9¢ | 29.8 |
| 11-13 14:50 | Buy short | 96.07 | 60.00 | 62.5¢ | 29.1 |
| 11-13 12:50 | Buy longpair | 58.63 | 22.27 | 38.0¢ | 30.9 |
| 11-13 12:50 | Buy short | 15.58 | 9.74 | 62.5¢ | 29.8 |
| 11-13 11:50 | Buy short | 93.49 | 57.25 | 61.2¢ | 30.1 |
| 11-13 10:50 | Buy short | 98.59 | 58.10 | 58.9¢ | 31.9 |
| 11-13 09:50 | Buy short | 106.32 | 60.00 | 56.4¢ | 33.8 |
| 11-12 18:50 | Buy short | 30.17 | 16.52 | 54.7¢ | 35.9 |
| 11-12 16:50 | Buy long | 40.20 | 18.14 | 45.1¢ | 36.5 |
| 11-12 14:50 | Buy shortpair | 20.92 | 11.53 | 55.1¢ | 35.7 |
| 11-12 13:50 | Buy long | 38.82 | 17.34 | 44.7¢ | 36.1 |
| 11-12 12:50 | Buy long | 15.11 | 6.65 | 44.0¢ | 35.3 |
| 11-12 10:50 | Buy long | 37.06 | 16.07 | 43.4¢ | 35.1 |
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 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-26W48
- 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 48 · Nov 23 - Nov 29 · 7 local days, 2026-11-23 to 2026-11-29
- Band
- 0 to 80
- Payoff
- Long: (index - 0) / 80 sUSDT per share, held to 0..1. Short: 1 minus that.
- Point value
- 0.0125 sUSDT per share per index point
- Trading closes
- 2026-11-28 16:00 UTC
- Settles from
- 2026-11-29 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 80 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.