The DOOD/USDT perpetual contract is now officially available for trading on OKX, marking a significant milestone for fans and traders of the Doodles ecosystem. Starting May 12, 2025, at 8:00 PM (UTC+8), users can trade this highly anticipated derivative across OKX’s web platform, mobile app, and API interface. This launch expands OKX’s growing suite of crypto derivatives and offers traders enhanced exposure to one of the most innovative digital collectibles projects in the blockchain space.
Doodles has emerged as a next-generation narrative brand that blends digital art, on-chain technology, and community-driven creativity. With its vibrant aesthetic and strong cultural presence, Doodles aims to become the world’s most engaging on-chain media brand. The introduction of the DOOD/USDT perpetual contract allows both retail and institutional traders to gain leveraged exposure to DOOD price movements without holding the underlying asset.
👉 Start trading the new DOOD/USDT perpetual contract with advanced tools and deep liquidity.
Key Trading Specifications
Understanding the contract details is essential for effective risk management and strategic positioning. Below is a comprehensive overview of the DOOD/USDT perpetual contract specifications:
Contract Overview
- Full Name: Doodles
- Ticker Symbol: DOOD
- Underlying Asset: DOOD/USDT Index
- Settlement Currency: USDT
- Contract Size: 1000 DOOD per contract
- Price Quotation: Based on the USDT price of 1 DOOD
- Minimum Price Movement (Tick Size): 0.000001 USDT
Leverage & Margin
Traders can utilize flexible leverage ranging from 1.01x up to 50x, depending on their risk appetite and margin availability. This wide leverage range supports both conservative hedging strategies and aggressive speculative positions.
Funding Rate Mechanism
The funding rate is calculated using the following formula: clamp [Average Premium Index + clamp (Interest Rate – Average Premium Index, 0.05%, -0.05%), 1.50%, -1.50%]
This mechanism helps stabilize the contract price relative to the spot index by discouraging excessive long or short imbalances. For detailed methodology, refer to OKX’s perpetual swap funding fee documentation.
Special Note: To prevent abnormal funding fees during initial market volatility, the funding rate cap will be limited to 0.5% until May 13, 2025, at 12:00 AM (UTC+8). After this period, it will revert to the standard cap of 1.5%. The first funding fee under the adjusted cap will be charged at 4:00 AM (UTC+8) on May 13.
Funding Settlement Interval
Funding fees are settled every 4 hours, ensuring frequent alignment between perpetual contract prices and the underlying spot market.
Trading Hours
The DOOD/USDT perpetual contract operates 24/7, allowing global traders to react instantly to market developments, news events, or shifts in NFT sentiment.
All other trading rules—including order types, liquidation mechanisms, and price limits—are consistent with existing USDT-margined perpetual contracts on OKX.
Why Trade the DOOD Perpetual Contract?
DOOD isn’t just another meme coin or speculative token—it represents a cultural movement rooted in digital ownership, creative expression, and decentralized community governance. As interest in NFT-related assets grows, derivatives like the DOOD/USDT contract provide a liquid and efficient way to express market views.
Core Keywords: DOOD perpetual contract, DOOD/USDT trading, Doodles crypto, NFT derivatives, leveraged crypto trading, USDT-margined futures, blockchain media token
These keywords reflect real user search intent around Doodles and its financial instruments. Whether you're exploring how to short DOOD during a market dip or want long-term leveraged exposure, this contract offers flexibility.
👉 Access real-time charts, deep order books, and professional trading tools for DOOD/USDT.
Frequently Asked Questions (FAQ)
Q: When does the DOOD/USDT perpetual contract go live?
A: Trading begins on May 12, 2025, at 8:00 PM (UTC+8) across all OKX platforms—web, mobile app, and API.
Q: What is the maximum leverage available for DOOD/USDT?
A: Up to 50x leverage is supported, subject to margin requirements and risk settings.
Q: Why is the funding rate capped at 0.5% initially?
A: This temporary cap reduces the risk of extreme funding fees during the early trading phase when price volatility and open interest may be unstable.
Q: How often are funding fees charged?
A: Every 4 hours—at 00:00, 04:00, 08:00, 12:00, 16:00, and 20:00 UTC+8.
Q: Can I trade DOOD/USDT using automated bots?
A: Yes, the contract is accessible via OKX’s API, enabling algorithmic trading strategies.
Q: Is there a difference between this and other USDT-margined contracts?
A: The core mechanics are identical—only the underlying asset differs. If you’ve traded other USDT perpetuals on OKX, your experience will transfer seamlessly.
Strategic Use Cases for Traders
The DOOD perpetual contract serves multiple purposes beyond simple speculation:
- Hedging NFT Exposure: Investors holding Doodles NFTs can hedge against short-term price declines by opening short positions.
- Yield Amplification: Traders can combine lending platforms with leveraged longs to amplify returns during bullish trends.
- Arbitrage Opportunities: Price discrepancies between spot markets and the perpetual contract can be exploited with low-latency execution.
- Sentiment Gauge: The funding rate and open interest act as real-time indicators of market sentiment toward Doodles.
As blockchain-based media brands evolve, financial instruments like perpetual contracts play a crucial role in maturing their ecosystems. They enable price discovery, improve liquidity, and attract sophisticated participants who contribute to market depth.
👉 Maximize your strategy with low-latency execution and institutional-grade risk controls.
Final Thoughts
The listing of the DOOD/USDT perpetual contract underscores OKX’s commitment to supporting innovative blockchain projects with robust financial infrastructure. For traders, it opens new doors to engage with a culturally significant digital brand through a secure, scalable, and transparent trading environment.
Whether you're a longtime supporter of Doodles or a trader seeking exposure to emerging NFT-native assets, now is an ideal time to explore what this new market has to offer.
Stay informed, manage risk responsibly, and take advantage of the tools available to make confident trading decisions in the dynamic world of digital assets.