The cryptocurrency derivatives market continues to expand, and OKX is at the forefront of innovation by introducing new trading opportunities for digital assets. Starting May 12, 2025, traders will be able to access USDT-margined perpetual futures for DOOD (Doodles), a vibrant and community-driven blockchain-based storytelling brand. This listing enhances trading flexibility and opens new avenues for exposure to emerging Web3-native projects.
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Trading Launch Schedule
The official trading commencement for DOOD/USDT perpetual futures is set for:
- 12:00 PM UTC on May 12, 2025
This update will be available across all major platforms, including:
- OKX web interface
- OKX mobile app
- OKX API
Traders using algorithmic strategies or automated systems can integrate this new contract seamlessly into their workflows via the API, ensuring real-time execution and data access from launch.
Understanding DOOD Perpetual Futures
Perpetual futures are one of the most popular instruments in crypto trading due to their flexibility, leverage options, and absence of expiration dates. The upcoming DOOD/USDT contract allows traders to speculate on the price movements of Doodles (DOOD) against a stablecoin (USDT), minimizing volatility risks associated with crypto-margined positions.
About Doodles (DOOD)
Doodles is more than just a digital collectible project — it’s a next-generation storytelling ecosystem built at the intersection of art, blockchain technology, and community creativity. The project aims to create the world’s most engaging on-chain media franchise, where ownership, creativity, and narrative evolve together through decentralized governance and user participation.
- Full Name: Doodles
- Ticker Symbol: DOOD
- Core Concept: On-chain media and community-powered storytelling
As interest grows in tokenized digital culture and IP-driven blockchain ecosystems, DOOD stands out as a high-potential asset for both long-term holders and active traders.
Key Contract Specifications
Below are the detailed parameters for the DOOD/USDT perpetual futures contract:
Basic Features
- Underlying Index: DOOD/USDT
- Settlement Currency: USDT
- Face Value: 1 contract = 1,000 DOOD
- Price Quotation: 1 DOOD in USDT
- Tick Size: 0.000001 USDT (enables precise price movement tracking)
- Leverage Range: 0.01x to 50x (flexible margin control for all trader types)
- Funding Fee Interval: Every 4 hours
- Trading Availability: 24/7
Funding Rate Mechanism
To maintain price alignment between the perpetual contract and the spot market, a dynamic funding rate system is applied:
Funding Rate = clamp [Average Premium Index + clamp (Interest Rate – Average Premium Index, 0.05%, -0.05%), 1.50%, -1.50%]
This mechanism helps prevent excessive divergence while accounting for market sentiment and carry costs.
For transparency and deeper insight into how funding fees are calculated, users can refer to OKX's comprehensive product documentation.
👉 Learn how funding rates work and optimize your perpetual trading strategy.
Special Funding Fee Limit During Initial Phase
Due to potential volatility during the early stages of listing, an adjusted cap will apply initially:
- From launch until 4:00 PM UTC on May 12, 2025:
Maximum predicted funding fee = 0.5% - After 4:00 PM UTC on May 12, 2025:
Returns to standard cap of 1.5% (both positive and negative)
The first funding fee settlement will occur at 8:00 PM UTC on May 12, 2025.
Note: In cases of abnormal market conditions or significant deviations between contract and index prices, OKX reserves the right to adjust fee limits dynamically to ensure market stability.
Price Limit Rules
The DOOD/USDT perpetual futures contract follows the same price banding mechanism used for other USDT-margined futures on OKX. This means that trading will be subject to moving price limits designed to reduce manipulation and extreme slippage during volatile periods.
Traders are encouraged to review the general rules outlined in OKX’s perpetual futures trading guide to understand order execution protocols, liquidation procedures, and risk management frameworks.
Why Trade DOOD Perpetual Futures?
1. Exposure to a Cultural Blockchain Phenomenon
Doodles combines pop art aesthetics with blockchain innovation, creating a unique digital identity that resonates with creators, collectors, and investors alike. As the project expands its media footprint — including music, animation, and virtual experiences — demand for its native token may grow significantly.
2. High Leverage with Stablecoin Margin
Using USDT as collateral reduces exposure to crypto-native volatility while still allowing traders to benefit from leveraged positions. With up to 50x leverage, even small price movements can yield substantial returns — though risk management remains essential.
3. Round-the-Clock Market Access
Unlike traditional financial markets, crypto futures trade 24/7, enabling global participants to react instantly to news, trends, and community developments related to Doodles.
4. Strong Ecosystem Backing
Backed by prominent investors and creative minds in the NFT space, Doodles has demonstrated consistent growth in utility and engagement. Its evolution into a full-fledged media brand increases the fundamental relevance of its token.
Frequently Asked Questions (FAQ)
Q: What time does DOOD/USDT perpetual futures trading start?
A: Trading begins at 12:00 PM UTC on May 12, 2025, across all OKX platforms.
Q: Is there a difference between USDT-margined and coin-margined futures?
A: Yes. USDT-margined contracts use a stablecoin as collateral, reducing volatility risk compared to coin-margined contracts, which use cryptocurrencies like BTC or ETH.
Q: How is the funding fee calculated for DOOD futures?
A: It uses a premium index-based model with clamping logic to ensure fairness. The rate adjusts every four hours and is paid between longs and shorts depending on market bias.
Q: Will there be initial restrictions on funding rates?
A: Yes. To prevent extreme fees at launch, the maximum predicted funding rate is capped at 0.5% until 4:00 PM UTC on May 12, after which it returns to the standard cap of 1.5%.
Q: Can I trade DOOD futures via API?
A: Absolutely. The contract will be fully supported on OKX’s API suite from launch, enabling algorithmic and high-frequency trading strategies.
Q: Where can I find real-time data about DOOD funding rates?
A: Live funding rate information is displayed directly in the trading interface and updated every hour.
👉 Start trading DOOD perpetual futures with low latency and institutional-grade infrastructure.
As the line between digital culture and financial innovation blurs, assets like DOOD represent a new class of tradable value rooted in community, creativity, and on-chain ownership. With OKX’s robust trading environment, users gain early access to forward-looking opportunities in the evolving Web3 economy.
Whether you're a speculative trader or a believer in decentralized media, the launch of DOOD/USDT perpetual futures marks a pivotal moment worth watching — and potentially capitalizing on.