Binance Futures Will Adjust The Contract Size of USDⓈ-Margined CRWDUSDT Perpetual Contract (2026-07-02)

This is a general Binance Exchange Notice and a Notice for the purposes of the Clearing Rules. Products and services referred to here may not be available in your region. 

Binance Futures will adjust the Contract Size of USDⓈ-Margined CRWDUSDT Perpetual Contract commencing at 2026-07-02 00:00 (UTC) due to stock split of the Underlying Asset Issuer’s outstanding shares of Class A common stock in the form of a stock dividend. The adjustment is estimated to complete at 2026-07-02 13:30 (UTC) (the “Adjustment Period” ). There will be a cancel-only phase which may last up to 5 minutes after the adjustment is complete.

More details on the adjustment can be found in the table below: 

USDⓈ-M Perpetual Contract

A four-for-one split of the company’s outstanding shares of Class A common stock in the form of a stock dividend. Trading is expected to begin on a split-adjusted basis on 2026-07-02.

The details are based on the announcement disclosed by the issuer. 

Adjustment Scale Factor

The Impact of Contract Size Adjustment

Example: A user has a long open position in CRWDUSDT Perpetual Contract with a contract size of 20 CRWD at average entry price at 600 USDT. The Mark Price at 2026-07-02 00:00 (UTC) is assumed at 800 USDT.

Before the Adjustment

After the Adjustment

Contract Size (CRWD)

Average Entry Price (USDT)

(800 - 600) 20 = 4,000

Notional Position (USDT)

Margin Balance 

12,000 + 4,000 = 16,000

Note: There is a minor rounding difference in price and contract size after the Contract Size is adjusted. The price will be adjusted according to the tick size while the contract size will be adjusted to minimum trade amount. 

At 2026-07-01 23:50 (UTC) , all strategy bots created on the aforementioned perpetual contract (including Grid, DCA and Snowball) will be terminated and all positions will be closed automatically regardless whether "Close all positions on stop" is enabled or not. The position of all strategy bots will not be reinstated after the Adjustment is complete. 

During the Adjustment Period, a Halt Session State will be implemented and all the open orders in the aforementioned perpetual contract, including reduce-only orders (TP/SL), will be canceled. Services of the aforementioned perpetual contract such as trading, closing position, order (placement, cancellation and modification), funding fee, mark price, price index and liquidation functions will be suspended during the Adjustment Period. The Mark Price and Price Index will not be updated during the Adjustment Period. 

During the Adjustment Period, users with open positions on the aforementioned perpetual contract will be closed first. Unrealised PNL will be settled and credited to the users’ Cross Margin Futures Account regardless of the users’ position mode setting. For the users with open positions in isolated mode, the realised PNL and all margin balance in the Isolated Margin Futures Account will be transferred back to the Cross Margin Futures Account. After the adjustment is complete, new positions will be re-instated. The margin balance that will be transferred by the system to the Isolated Margin Futures Account is based on the initial margin requirement of the leverage level users have selected before the adjustment. 

During the cancel-only phase, users are allowed to submit, modify or cancel Post-Only orders only. The duration of the cancel-only phase will be determined by Binance based on actual market liquidity and may last up to 5 minutes.

Final and newly adjusted positions will be available before 2026-07-02 13:30 (UTC). Due to suspension of Mark Price and Price Index services during the Adjustment Period, the opening market price of the aforementioned perpetual contract at 2026-07-02 13:30 (UTC) might deviate from the newly adjusted Mark Price, it is highly recommended that users with open positions in the aforementioned perpetual contract re-assess their position before the trading is resumed to mitigate against price fluctuations that may occur. 

The continuous Kline (candlestick) chart of the aforementioned perpetual contract before the adjustment will be retained and continued with the newly adjusted price after the adjustment is complete. For the 12-hour (12-H) and below time interval, the price chart before 2026-07-02 00:00 (UTC) will be corrected within the first week post adjustment, while for the 1-day (1-D) and above time interval, the price chart will be corrected before the 7th day of the next calendar month.

The adjustment completion could be completed ahead of the schedule. API users may use GET /fapi/v1/exchangeInfo and UI users can refer to this page to check the latest trading status of the perpetual contract during the adjustment process. Below is the trading status of the aforementioned perpetual contract: 

Trading Status / Session State

Before 2026-07-02 00:00 (UTC)

Before the Contract Size Adjustment

TRADING (Continuous Trading Session State)

From 2026-07-02 00:00 (UTC)  to 2026-07-02 13:30 (UTC)

The Contract Size Adjustment process starts

TRADINGHALT (Halt Session State)

From 2026-07-02 13:30 (UTC) to 2026-07-02 13:35 (UTC)

The cancel-only phase after the contract size adjustment process completes

TRADINGCANCELONLY (Cancel Only Session State)

After 2026-07-02 13:35 (UTC)

The trading function resumes

This information is released in accordance with Rule 96 of the Exchange Rules , Rule 167 and Rule 168 of the Clearing Rules , Procedure 35.10 and 36 of the Clearing Procedures and paragraph 19 of the Contract Specifications .

This information specified in this notice should not be construed as financial, legal or other professional advice. For legal terms applicable to TradFi Perp, please refer to the Terms of Use , the Exchange Rules (including the Exchange Procedures ) and the Clearing Rules (including the Clearing Procedures ). Additional terms and conditions will also be set out in the Contract Specifications .

TradFi Perps are not associated with, sponsored, endorsed, or affiliated by, the issuer of the relevant underlying shares or the exchange on which they are listed.

There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

Further Information:

Perpetual Futures on Traditional Assets

The Contract Size of the TradFi Perp Adjustment

Trading Rules to Trading Parameter

Mark Price and Price Index

Binance Futures Contract Specification

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