The cryptocurrency derivatives market has taken an exciting turn with the official launch of the JELLYJELLYUSDT perpetual contract on OKX, one of the world’s leading digital asset trading platforms. Designed for traders seeking exposure to emerging meme tokens built on high-performance blockchains, this new offering combines innovation, accessibility, and advanced trading mechanics.
Launched on March 26, 2025, at 11:30 PM (UTC+8), the JELLYJELLYUSDT contract is now available across OKX’s full suite of platforms — including web, mobile app, and API — enabling seamless access for both retail and institutional traders.
What Is JELLYJELLY?
JELLYJELLY (Jelly-My-Jelly) is a meme token built on the Solana blockchain, distinguishing itself through its unique fusion of social interaction and decentralized technology. Unlike traditional meme coins that rely solely on community hype, JELLYJELLY aims to deliver tangible utility via its namesake video application.
This AI-powered platform supports interactive features such as short-form video sharing, real-time editing tools, and gamified engagement systems. Token holders gain priority access to premium features within the app, creating a direct link between token ownership and user experience — a growing trend in the Web3 social space.
With Solana’s fast transaction speeds and low fees, JELLYJELLY is well-positioned to scale as its ecosystem expands, making it an attractive asset for traders and long-term investors alike.
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Key Features of the JELLYJELLYUSDT Perpetual Contract
OKX has structured the contract to ensure transparency, fairness, and optimal trading conditions. Below are the core specifications:
Contract Specifications
- Underlying Asset: JELLYJELLY/USDT Index
- Settlement Currency: USDT
- Contract Size: 100 units per contract
- Price Quotation: Based on the USDT price of 1 JELLYJELLY
- Minimum Price Movement (Tick Size): 0.00001
- Leverage Range: 0.01x to 20x (adjustable based on risk settings)
Funding Rate Mechanism:
$$ \text{Funding Rate} = \text{Clamp}\left(\text{MA}\left[\frac{(\text{Bid Price} + \text{Ask Price}) / 2 - \text{Spot Index Price}}{\text{Spot Index Price}}\right] - \text{Interest}, -1.5\%, 1.5\%\right) $$
Where Interest = 0%. Funding is paid or received every 4 hours using the current period's rate.
- Trading Hours: 7×24 market availability
Note: During the initial launch phase (before March 27, 2025, 00:00 UTC+8), the funding rate cap was temporarily set at 0.5% to mitigate volatility-related imbalances. After this period, the cap reverted to the standard 1.5%, with the first full-cycle funding charge applied at 04:00 UTC+8 on March 27.
All other trading rules — including position limits, liquidation mechanisms, and order types — align with OKX’s standard USDT-margined perpetual contracts. Traders familiar with OKX’s interface will find a consistent and intuitive experience.
Why Trade JELLYJELLY on OKX?
OKX continues to lead in product innovation by listing cutting-edge assets like JELLYJELLY early in their lifecycle. Here’s why traders are turning to OKX for exposure to this dynamic token:
1. Early Market Access
Being among the first major exchanges to list the JELLYJELLYUSDT contract gives OKX users a strategic advantage in capturing early price movements driven by community momentum and ecosystem developments.
2. Deep Liquidity & Tight Spreads
Thanks to OKX’s robust market-making infrastructure and growing trader base, the JELLYJELLY pair benefits from strong order book depth, reducing slippage and improving execution quality.
3. Advanced Trading Tools
From grid bots to copy trading and sophisticated charting powered by TradingView, OKX equips traders with tools needed to analyze trends, automate strategies, and manage risk effectively.
4. Secure & Regulated Environment
OKX operates under strict compliance frameworks across multiple jurisdictions, ensuring user funds are protected through cold storage, insurance mechanisms, and regular audits.
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Understanding Funding Rates in Perpetual Contracts
A common point of confusion for new derivatives traders is how funding rates work. In simple terms, they exist to keep the perpetual contract price aligned with the underlying spot market.
When more traders are long (betting on price increases), funding rates turn positive — meaning longs pay shorts. Conversely, when there are more shorts, funding turns negative — shorts pay longs.
For JELLYJELLYUSDT:
- Funding occurs every 4 hours (at 00:00, 04:00, 08:00 UTC+8, etc.)
- The rate is derived from the average premium/discount over time
- A clamp ensures rates never exceed ±1.5%, protecting traders from extreme costs
This mechanism encourages balanced market participation and discourages prolonged price divergence.
Risk Management Tips for Trading New Meme Coins
While high-volatility assets like JELLYJELLY can offer significant returns, they also carry increased risk. Consider these best practices:
- Use Lower Leverage Initially: Even though up to 20x is available, starting with 2x–5x helps manage downside risk during unpredictable launches.
- Set Stop-Loss Orders: Automate exits if the market moves against your position.
- Monitor Funding Trends: Consistently positive funding may signal over-leveraged long positions — a potential red flag.
- Stay Informed: Follow official project updates and community sentiment on social platforms.
Meme coins often react sharply to social media trends, influencer mentions, or technical milestones in their ecosystem development.
Frequently Asked Questions (FAQ)
Q: When did the JELLYJELLYUSDT perpetual contract go live?
A: The contract launched on March 26, 2025, at 11:30 PM (UTC+8) on OKX’s web, mobile, and API platforms.
Q: What blockchain is JELLYJELLY based on?
A: JELLYJELLY is a Solana-based token (SPL standard), leveraging Solana’s high throughput and low transaction costs.
Q: How often are funding fees charged?
A: Every 4 hours, specifically at 00:00, 04:00, 08:00, 12:00, 16:00, and 20:00 UTC+8.
Q: Can I trade this contract using a bot or API?
A: Yes. OKX supports API integration for automated trading strategies, including spot and futures pairs like JELLYJELLYUSDT.
Q: Is there a temporary adjustment for funding rates after launch?
A: Yes. To prevent unfair charges during initial volatility, the funding cap was limited to 0.5% until March 27, 2025, at 00:00 UTC+8, after which it returned to the normal cap of 1.5%.
Q: Where can I find official trading rules for OKX perpetual contracts?
A: Visit OKX’s official documentation center for detailed guides on margin requirements, liquidation prices, and fee structures.
Final Thoughts
The introduction of the JELLYJELLYUSDT perpetual contract marks another step forward in bridging meme culture with functional blockchain applications. As social-fi projects gain traction, platforms like OKX play a crucial role in providing secure, liquid markets for these next-generation assets.
Whether you're a short-term speculator or believe in the long-term vision of AI-driven social ecosystems, now is an opportune moment to explore what JELLYJELLY has to offer — backed by one of the most reliable trading infrastructures in crypto.
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