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OpenEnergy · Heating demandWeather index future · simulation

Seoul heating degree days · November 2026

Heating degree days at RKSI · 30 local days, 2026-11-01 to 2026-11-30 · trading closes 11-29 15:00 (16 d)

Market index
306.7°C-days
Long 60.4¢ · Short 39.6¢ per share
Model fair
321.7 ± 21.5
priced 23 min ago
Edge
+15.0
fair minus market
Volume
540
13 traders
Open interest
723 / 312
long / short shares
210 · long pays 0long pays 1 · 370
Market 306.7Model fair 321.7On the record 100.5 (13 of 30 days) - the index cannot finish below this
Listed at 290.5 · quoted by a market maker, no order book · one share moves 0.0063 sUSDT per index point

How the index builds, day by day

Final recordForecastBeyond the forecast

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.

0132511-0111-0411-0711-1011-1311-1611-1911-2211-2511-28
Day-by-day table
DaySourceHighLowHDDRunning total
Sun, Nov 1Final record11.0°C8.0°C8.58.5
Mon, Nov 2Final record15.0°C7.0°C7.015.5
Tue, Nov 3Final record17.0°C6.0°C6.522.0
Wed, Nov 4Final record18.0°C10.0°C4.026.0
Thu, Nov 5Final record17.0°C12.0°C3.529.5
Fri, Nov 6Final record13.0°C6.0°C8.538.0
Sat, Nov 7Final record9.0°C3.0°C12.050.0
Sun, Nov 8Final record7.0°C5.0°C12.062.0
Mon, Nov 9Final record11.0°C5.0°C10.072.0
Tue, Nov 10Final record12.0°C2.0°C11.083.0
Wed, Nov 11Final record15.0°C7.0°C7.090.0
Thu, Nov 12Final record16.0°C9.0°C5.595.5
Fri, Nov 13Final record16.0°C10.0°C5.0100.5
Sat, Nov 14Forecast12.9°C8.9°C7.1 ± 1.8107.6
Sun, Nov 15Forecast15.6°C6.3°C7.1 ± 1.8114.7
Mon, Nov 16Forecast17.6°C6.2°C6.1 ± 1.8120.8
Tue, Nov 17Forecast15.6°C7.7°C6.4 ± 1.9127.1
Wed, Nov 18Forecast11.3°C2.4°C11.2 ± 2.0138.3
Thu, Nov 19Forecast5.7°C-1.5°C15.9 ± 2.2154.2
Fri, Nov 20Forecast6.4°C-1.6°C15.6 ± 2.4169.8
Sat, Nov 21Forecast3.3°C-2.5°C17.6 ± 2.6187.4
Sun, Nov 22Forecast3.0°C-3.0°C18.0 ± 2.9205.4
Mon, Nov 23Forecast7.4°C-1.6°C15.1 ± 3.1220.5
Tue, Nov 24Forecast8.2°C-1.7°C14.8 ± 3.4235.2
Wed, Nov 25Forecast3.9°C-4.2°C18.1 ± 3.6253.4
Thu, Nov 26Forecast8.2°C-1.9°C14.8 ± 3.8268.3
Fri, Nov 27Forecast12.1°C2.0°C10.9 ± 4.0279.2
Sat, Nov 28Forecast11.6°C-2.1°C13.3 ± 4.3292.4
Sun, Nov 29Beyond the forecast7.7°C-1.0°C14.6 ± 4.5307.1
Mon, Nov 30Beyond the forecast7.7°C-1.0°C14.6 ± 4.5321.7

Market index path

one step per trade · dashed line: model fair now
276.2303.7331.3

Recent trades

TimeTradeSharesAmountAvg price
11-13 12:50Buy long101.3560.0059.2¢
11-13 11:50Buy long105.8760.0056.7¢
11-13 05:50Buy long111.1260.0054.0¢
11-13 04:50Buy long88.0745.3751.5¢
11-12 20:50Buy long122.7560.0048.9¢
11-12 18:50Buy short117.2160.0051.2¢
11-12 17:50Buy short25.4412.5749.4¢
11-12 15:50Buy short49.1823.8448.5¢
11-12 14:50Buy short11.155.3247.7¢
11-12 12:50Buy long68.5835.3651.6¢
11-12 11:50Buy long87.0743.2049.6¢
11-12 02:50Buy short57.4329.1550.8¢
11-12 00:50Buy long37.8218.7249.5¢
11-11 23:50Buy short51.6526.0050.3¢

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 18:00. If a day of the period cannot settle, the contract is void and every position is refunded at cost.

Contract specification

Symbol
HDD-RKSI-NOV26
Index
Heating degree days (HDD), in °C-days
Formula
max(0, 18 - (high + low) / 2), summed over the period
Station
RKSI · Seoul
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 15:00 UTC
Settles from
2026-11-30 18:00 UTC
Settlement source
The station's daily record, final and settleable, from the Weather Market oracle
Hedges
Energy - Natural gas, Heating oil, District heat (the exposure it hedges; this contract settles on the index)
Trade HDD-RKSI-NOV26

Long gains if HDD finishes above the level you pay for.

Virtual sUSDT only. No monetary value.

Rules in short
  • 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.
Full rules →