Hong Kong cooling degree days · November 2026
Cooling degree days at VHHH · 30 local days, 2026-11-01 to 2026-11-30 · trading closes 11-29 16:00 (16 d)
- Model fair
- 161.9 ± 16.8
- priced 23 min ago
- Edge
- -5.3
- fair minus market
- Volume
- 309
- 10 traders
- Open interest
- 264 / 352
- 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-NOV26LNG for power | 96.28long 45¢ | 96.86 | -0.58 | +0.60% | 0.69 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 | 31.0°C | 26.0°C | 10.5 | 10.5 |
| Mon, Nov 2 | Final record | 31.0°C | 25.0°C | 10.0 | 20.5 |
| Tue, Nov 3 | Final record | 30.0°C | 26.0°C | 10.0 | 30.5 |
| Wed, Nov 4 | Final record | 31.0°C | 26.0°C | 10.5 | 41.0 |
| Thu, Nov 5 | Final record | 31.0°C | 26.0°C | 10.5 | 51.5 |
| Fri, Nov 6 | Final record | 31.0°C | 26.0°C | 10.5 | 62.0 |
| Sat, Nov 7 | Final record | 29.0°C | 26.0°C | 9.5 | 71.5 |
| Sun, Nov 8 | Final record | 29.0°C | 25.0°C | 9.0 | 80.5 |
| Mon, Nov 9 | Final record | 27.0°C | 20.0°C | 5.5 | 86.0 |
| Tue, Nov 10 | Final record | 23.0°C | 17.0°C | 2.0 | 88.0 |
| Wed, Nov 11 | Final record | 24.0°C | 17.0°C | 2.5 | 90.5 |
| Thu, Nov 12 | Final record | 28.0°C | 22.0°C | 7.0 | 97.5 |
| Fri, Nov 13 | Final record | 29.0°C | 24.0°C | 8.5 | 106.0 |
| Sat, Nov 14 | Forecast | 28.9°C | 21.0°C | 7.0 ± 1.8 | 113.0 |
| Sun, Nov 15 | Forecast | 27.3°C | 19.4°C | 5.3 ± 1.8 | 118.3 |
| Mon, Nov 16 | Forecast | 24.9°C | 20.2°C | 4.6 ± 1.8 | 122.9 |
| Tue, Nov 17 | Forecast | 26.0°C | 21.9°C | 5.9 ± 1.9 | 128.8 |
| Wed, Nov 18 | Forecast | 24.7°C | 16.9°C | 2.9 ± 1.9 | 131.7 |
| Thu, Nov 19 | Forecast | 19.4°C | 14.9°C | 0.5 ± 1.0 | 132.2 |
| Fri, Nov 20 | Forecast | 22.9°C | 14.7°C | 1.4 ± 1.7 | 133.6 |
| Sat, Nov 21 | Forecast | 23.5°C | 17.9°C | 2.9 ± 2.3 | 136.5 |
| Sun, Nov 22 | Forecast | 23.1°C | 17.0°C | 2.5 ± 2.3 | 139.0 |
| Mon, Nov 23 | Forecast | 21.6°C | 14.9°C | 1.4 ± 1.9 | 140.3 |
| Tue, Nov 24 | Forecast | 23.5°C | 14.5°C | 1.9 ± 2.3 | 142.3 |
| Wed, Nov 25 | Forecast | 24.6°C | 16.2°C | 2.9 ± 2.8 | 145.2 |
| Thu, Nov 26 | Forecast | 24.2°C | 17.3°C | 3.3 ± 3.1 | 148.5 |
| Fri, Nov 27 | Forecast | 25.4°C | 16.7°C | 3.6 ± 3.3 | 152.1 |
| Sat, Nov 28 | Forecast | 24.7°C | 17.4°C | 3.6 ± 3.4 | 155.7 |
| Sun, Nov 29 | Beyond the forecast | 23.4°C | 17.0°C | 3.1 ± 3.3 | 158.8 |
| Mon, Nov 30 | Beyond the forecast | 23.4°C | 17.0°C | 3.1 ± 3.3 | 161.9 |
Market index path
one step per trade · dashed line: model fair nowRecent trades
| Time | Trade | Shares | Amount | Avg price | Index after |
|---|---|---|---|---|---|
| 11-13 16:50 | Buy longpair | 17.07 | 8.15 | 47.8¢ | 167.2 |
| 11-13 14:50 | Buy short | 117.67 | 60.00 | 51.0¢ | 166.6 |
| 11-13 12:50 | Buy longpair | 18.27 | 9.18 | 50.3¢ | 170.7 |
| 11-13 12:50 | Buy short | 38.67 | 19.14 | 49.5¢ | 170.0 |
| 11-13 09:50 | Buy short | 72.47 | 34.86 | 48.1¢ | 171.4 |
| 11-13 00:50 | Buy long | 36.06 | 18.88 | 52.4¢ | 173.9 |
| 11-12 21:50 | Buy short | 76.64 | 36.13 | 47.1¢ | 172.7 |
| 11-12 20:50 | Buy short | 18.87 | 8.67 | 46.0¢ | 175.3 |
| 11-12 19:50 | Buy shortpair | 10.77 | 4.91 | 45.6¢ | 176.0 |
| 11-12 19:50 | Buy long | 27.95 | 15.15 | 54.2¢ | 176.4 |
| 11-12 12:50 | Buy long | 33.99 | 18.16 | 53.4¢ | 175.4 |
| 11-12 05:50 | Buy shortpair | 16.80 | 7.86 | 46.8¢ | 174.2 |
| 11-12 02:50 | Buy long | 18.89 | 10.05 | 53.2¢ | 174.8 |
| 11-12 01:50 | Buy long | 112.15 | 57.82 | 51.6¢ | 174.1 |
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 30 days final and settleable - no earlier than 11-30 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-NOV26
- Index
- Cooling degree days (CDD), in °C-days
- Formula
- max(0, (high + low) / 2 - 18), summed over the period
- Station
- VHHH · Hong Kong
- Period
- November 2026 · 30 local days, 2026-11-01 to 2026-11-30
- Band
- 100 to 240
- Payoff
- Long: (index - 100) / 140 sUSDT per share, held to 0..1. Short: 1 minus that.
- Point value
- 0.0071 sUSDT per share per index point
- Trading closes
- 2026-11-29 16:00 UTC
- Settles from
- 2026-11-30 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 100 to 240 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.