OKX to Adjust CRWD Stock Perpetual Futures Due to Corporate Action
This is a general update. Please check the availability of the listed token or product for your region in the app.
CrowdStrike Holdings, Inc. (CRWD) has announced a four-for-one (4-for-1) split of its Class A common stock (in the form of a stock dividend; each shareholder will receive three additional shares for every share held). To keep the CRWD/USDT perpetual futures contract aligned with the underlying spot price, OKX will adjust the contract when the stock split takes effect. For detailed information regarding corporate action adjustment rules, please refer to the relevant documentation.
This is a value-neutral adjustment and will not change the notional value or unrealized PnL of your position. Details below:
I. Key information on the stock split
Item | Details |
Underlying | CrowdStrike Holdings, Inc. (Nasdaq: CRWD, Class A common stock) |
Announcement date | June 3, 2026 |
Split ratio | 4-for-1 (1 share → 4 shares; 3 additional shares per share held) |
Form | Stock dividend |
Record date | June 25, 2026 |
Split-adjusted trading begins | July 2, 2026 (at US market open, ET) |
Official references:
II. Adjustment time
The contract adjustment will be performed in synchronization with the underlying index switching to the post-split price, and is expected to commence at approximately 00:30 (UTC) on 2 July, 2026. During the adjustment window, trading of the CRWD/USDT perpetual contract will be briefly suspended. Please manage your positions and open orders in advance.
III. Contract parameter adjustments
Parameter | Before | After | Notes |
Index price / Mark price | Pre-split underlying price | Automatically reflects ~1/4 post-split price | Tracks the underlying spot index; no manual intervention required |
Position quantity | N (contracts / shares) | N × 4 | Scaled up by the 1:4 split ratio |
Average position price / Average entry price | P | Post-adjustment mark price | The position is closed at the pre-adjustment mark price and re-opened at the post-adjustment mark price |
Notional value (position size × price) | — | Substantially unchanged | Minor differences may arise due to rounding; any residual is retained in the account balance |
Unrealized PnL | Original UPL | 0 | Converted to realized PnL and credited to the account balance |
Account equity | — | Unchanged | The sum of account balance and unrealized PnL remains unchanged; value-neutral |
Margin occupied | — | Unchanged | Maintenance / initial margin rates are recalculated at the new price |
Liquidation price | — | Recalculated proportionally (~÷4) | Recalculated automatically by the system |
Open orders & TP/SL | — | Price and quantity are adjusted proportionally | Buy-order prices are rounded down and sell-order prices are rounded up. Please review all orders after trading resumes |
Trailing TP/SL / Conditional orders / Trigger orders / Strategy orders | — | Cancelled or paused | Please reconfigure after trading resumes |
Contract face value / multiplier | — | Unchanged | Only position quantity and average price are adjusted in this event |
Price precision / Tick size | — | Typically unchanged; may be reduced in rare cases | Adjusted to fit the lower post-split price level |
Funding rate / Settlement interval / Trading hours | — | Unchanged | 8-hour funding settlement and 24/7 trading retained |
IV. Risk warnings
Trading suspension: all trading activity is suspended during the rebase. You cannot place, modify, or cancel orders during this window. Please plan your positions accordingly.
Rounding differences: prices and position quantities are aligned to the price increment and minimum order size during the rebase, which may introduce minor rounding differences. These are settled as small balance adjustments.
Review your orders after the rebase: please review all open orders, TP/SL, and strategy configurations after the rebase completes to confirm your positions are properly protected.
No stock ownership: Stock Perpetuals are derivative contracts. A stock split or reverse split rebase does not confer any ownership of, or claim on, the underlying company's shares. The contract is cash-settled exclusively in USDT.
Advance notice: OKX will notify you before, during, and after each scheduled rebase. Please monitor OKX announcements and in-app notifications. In the event of an unscheduled or expedited rebase, advance notice may be shorter or may not be possible.
OKX discretion: OKX reserves the right to modify, delay, or cancel a scheduled stock split or reverse-split adjustment in exceptional circumstances, including but not limited to system incidents, market disruptions, or regulatory requirements. OKX will notify users as soon as reasonably practicable in such cases.
OKX team
22 Jun, 2026