Dear CoinW Users,
As the underlying asset of the SNDKUSDT USDT-M Perpetual Contract, SanDisk Corporation (Ticker: SNDK), will undergo an 8-for-1 stock split, CoinW will adjust the contract effective November 20, 2026, at 01:00 (UTC).
This adjustment will automatically apply the 8-for-1 split ratio to the contract price and position size. The adjusted price will be calculated as 1/8 of the pre-adjustment price, while the position size will increase to 8 times its original amount, ensuring that the position's notional value remains essentially unchanged before and after the adjustment.
This stock split will not cause any additional reduction in users' position value or account assets solely due to the split ratio conversion. The system will automatically complete the position adjustment, and users do not need to perform any manual split-related operations.
Please manage your positions and orders in advance and take appropriate measures to control trading risks.
I. Stock Split Adjustment Arrangements
CoinW will begin the 8-for-1 stock split adjustment for the SNDKUSDT USDT-M Perpetual Contract on November 20, 2026, at 01:00 (UTC).
The adjustment will be carried out automatically by the system. Users do not need to manually calculate the adjusted prices or position sizes. The specific arrangements are as follows:
Position Adjustment: The system will process existing positions according to the stock split ratio and establish the adjusted positions. After the adjustment, the position size will be 8 times the original amount, while the average entry price will be reduced to 1/8 of its original level.
Position Value: Although the contract price will decrease and the position size will increase after the split, the position's notional value will essentially remain unchanged. No additional loss will arise solely from the split ratio conversion.
P&L Treatment: The system will process and convert positions based on their pre-adjustment status and prices, ensuring that the value of existing P&L is appropriately carried over during the adjustment and does not disappear as a result of the split ratio conversion.
Margin Treatment: Since the position's notional value will essentially remain unchanged after the split, users do not need to prepare 8 times the original margin. However, the actual position conversion must still comply with the platform's margin requirements and trading rules.
Please note that this adjustment is an automatic position conversion performed by the system in accordance with the stock split ratio, rather than a user-initiated trade. The position value is expected to remain essentially unchanged before and after the adjustment.
II. Trading Suspension Arrangements
Trading of the contract will be suspended during the adjustment period.
The system will cancel all pending orders for the contract, including regular orders and reduce-only take-profit and stop-loss orders.
During the adjustment period, users will be unable to open or close positions, place or cancel orders, or modify orders.
The funding rate, mark price, and index price of the contract will be temporarily suspended from updating during the adjustment period.
Liquidation and other related functions for the contract will be temporarily suspended during the adjustment period.
Once the adjustment is completed, the system will process the adjusted positions based on the results and resume trading as soon as possible. For the first 5 minutes after trading resumes, users will only be able to cancel orders; placing new orders will not be supported.
Reminder: Regular pending orders and take-profit/stop-loss orders canceled during the adjustment period will not be automatically restored. Please recreate them as needed after trading resumes.
III. Stock Split and Position Adjustment Rules
The underlying stock will undergo an 8-for-1 split, meaning that each original share will be split into 8 shares. The SNDKUSDT USDT-M Perpetual Contract will be adjusted according to the following rules:
Note: The price and quantity adjustments above represent theoretical adjustment rules. Actual position conversion remains subject to account margin requirements and the system's trading rules. Prices will be adjusted according to the contract's minimum price tick size, and contract quantities will be adjusted according to the minimum order quantity. Therefore, minor rounding differences may occur in the actual adjustment results.
IV. How Will Your Positions Be Handled?
The system will automatically complete the following operations during the trading suspension. No manual action is required from you:
Record the Original Position Value: The system will record the original position value based on the last mark price and position size immediately before the trading suspension.
Automatically Adjust Positions: The system will adjust the position size and average entry price according to the 8-for-1 split ratio. After the adjustment, the position size will increase to 8 times the original amount, while the average entry price will be reduced to 1/8 of its original level. The original position value and P&L value are expected to remain essentially unchanged.
Resume Normal Trading: Once the mark price has been updated to reflect the corporate action, the system will lift the special trading suspension status and resume trading of the contract.
Special Circumstances: If the system is unable to convert an existing position due to account risk conditions or other reasons, the position will be cash-settled based on the last mark price at the time of suspension. The corresponding assets will be returned to the account, and the position will not be converted into a new position.
V. Example of Position Changes Before and After the Stock Split
To help you better understand the impact of this 8-for-1 stock split, the following example illustrates a long position in the SNDKUSDT USDT-M Perpetual Contract.
Assume that a user holds 100 SNDKUSDT contracts before the split, with an average entry price of 800 USDT and a pre-adjustment mark price of 880 USDT. The stock split ratio is 8-for-1.
The theoretical position changes before and after the split are as follows:
As shown above, after the stock split, the position size increases to 8 times its original amount, while both the mark price and average entry price are adjusted to 1/8 of their original levels. However, the position value and unrealized P&L remain unchanged. This stock split only involves a proportional adjustment to the position price and quantity. It does not change the economic value or P&L of users' existing positions solely as a result of the split.
VI. Important Notes for Users
To ensure a smooth stock split adjustment, please make the following preparations in advance:
Check Your Account Margin: Although the stock split itself will not increase the position's notional value, position conversion must still comply with the platform's margin requirements and trading rules. Please ensure that your futures account has sufficient available margin.
Manage Existing Orders: The system will cancel all pending orders for the contract during the adjustment period, including regular orders and take-profit/stop-loss orders. Please manage your orders in advance.
Manage Trading Strategies: Existing orders and related strategies will not be automatically restored. Please make the necessary arrangements for your trading plans in advance.
Check the Adjustment Results: After the adjustment is completed, please promptly check whether your new position has been successfully established and verify the position size, average entry price, margin, and liquidation price.
Monitor the Trading Resumption Time: The actual resumption time is subject to the information displayed on the platform. For the first 5 minutes after trading resumes, only order cancellation will be supported; placing new orders will not be available.
Thank you for your continued support and understanding.
The CoinW Team
Dear CoinW Users,
As the underlying asset of the SNDKUSDT USDT-M Perpetual Contract, SanDisk Corporation (Ticker: SNDK), will undergo an 8-for-1 stock split, CoinW will adjust the contract effective November 20, 2026, at 01:00 (UTC).
This adjustment will automatically apply the 8-for-1 split ratio to the contract price and position size. The adjusted price will be calculated as 1/8 of the pre-adjustment price, while the position size will increase to 8 times its original amount, ensuring that the position's notional value remains essentially unchanged before and after the adjustment.
This stock split will not cause any additional reduction in users' position value or account assets solely due to the split ratio conversion. The system will automatically complete the position adjustment, and users do not need to perform any manual split-related operations.
Please manage your positions and orders in advance and take appropriate measures to control trading risks.
I. Stock Split Adjustment Arrangements
CoinW will begin the 8-for-1 stock split adjustment for the SNDKUSDT USDT-M Perpetual Contract on November 20, 2026, at 01:00 (UTC).
The adjustment will be carried out automatically by the system. Users do not need to manually calculate the adjusted prices or position sizes. The specific arrangements are as follows:
Position Adjustment: The system will process existing positions according to the stock split ratio and establish the adjusted positions. After the adjustment, the position size will be 8 times the original amount, while the average entry price will be reduced to 1/8 of its original level.
Position Value: Although the contract price will decrease and the position size will increase after the split, the position's notional value will essentially remain unchanged. No additional loss will arise solely from the split ratio conversion.
P&L Treatment: The system will process and convert positions based on their pre-adjustment status and prices, ensuring that the value of existing P&L is appropriately carried over during the adjustment and does not disappear as a result of the split ratio conversion.
Margin Treatment: Since the position's notional value will essentially remain unchanged after the split, users do not need to prepare 8 times the original margin. However, the actual position conversion must still comply with the platform's margin requirements and trading rules.
Please note that this adjustment is an automatic position conversion performed by the system in accordance with the stock split ratio, rather than a user-initiated trade. The position value is expected to remain essentially unchanged before and after the adjustment.
II. Trading Suspension Arrangements
Trading of the contract will be suspended during the adjustment period.
The system will cancel all pending orders for the contract, including regular orders and reduce-only take-profit and stop-loss orders.
During the adjustment period, users will be unable to open or close positions, place or cancel orders, or modify orders.
The funding rate, mark price, and index price of the contract will be temporarily suspended from updating during the adjustment period.
Liquidation and other related functions for the contract will be temporarily suspended during the adjustment period.
Once the adjustment is completed, the system will process the adjusted positions based on the results and resume trading as soon as possible. For the first 5 minutes after trading resumes, users will only be able to cancel orders; placing new orders will not be supported.
Reminder: Regular pending orders and take-profit/stop-loss orders canceled during the adjustment period will not be automatically restored. Please recreate them as needed after trading resumes.
III. Stock Split and Position Adjustment Rules
The underlying stock will undergo an 8-for-1 split, meaning that each original share will be split into 8 shares. The SNDKUSDT USDT-M Perpetual Contract will be adjusted according to the following rules:
Note: The price and quantity adjustments above represent theoretical adjustment rules. Actual position conversion remains subject to account margin requirements and the system's trading rules. Prices will be adjusted according to the contract's minimum price tick size, and contract quantities will be adjusted according to the minimum order quantity. Therefore, minor rounding differences may occur in the actual adjustment results.
IV. How Will Your Positions Be Handled?
The system will automatically complete the following operations during the trading suspension. No manual action is required from you:
Record the Original Position Value: The system will record the original position value based on the last mark price and position size immediately before the trading suspension.
Automatically Adjust Positions: The system will adjust the position size and average entry price according to the 8-for-1 split ratio. After the adjustment, the position size will increase to 8 times the original amount, while the average entry price will be reduced to 1/8 of its original level. The original position value and P&L value are expected to remain essentially unchanged.
Resume Normal Trading: Once the mark price has been updated to reflect the corporate action, the system will lift the special trading suspension status and resume trading of the contract.
Special Circumstances: If the system is unable to convert an existing position due to account risk conditions or other reasons, the position will be cash-settled based on the last mark price at the time of suspension. The corresponding assets will be returned to the account, and the position will not be converted into a new position.
V. Example of Position Changes Before and After the Stock Split
To help you better understand the impact of this 8-for-1 stock split, the following example illustrates a long position in the SNDKUSDT USDT-M Perpetual Contract.
Assume that a user holds 100 SNDKUSDT contracts before the split, with an average entry price of 800 USDT and a pre-adjustment mark price of 880 USDT. The stock split ratio is 8-for-1.
The theoretical position changes before and after the split are as follows:
As shown above, after the stock split, the position size increases to 8 times its original amount, while both the mark price and average entry price are adjusted to 1/8 of their original levels. However, the position value and unrealized P&L remain unchanged. This stock split only involves a proportional adjustment to the position price and quantity. It does not change the economic value or P&L of users' existing positions solely as a result of the split.
VI. Important Notes for Users
To ensure a smooth stock split adjustment, please make the following preparations in advance:
Check Your Account Margin: Although the stock split itself will not increase the position's notional value, position conversion must still comply with the platform's margin requirements and trading rules. Please ensure that your futures account has sufficient available margin.
Manage Existing Orders: The system will cancel all pending orders for the contract during the adjustment period, including regular orders and take-profit/stop-loss orders. Please manage your orders in advance.
Manage Trading Strategies: Existing orders and related strategies will not be automatically restored. Please make the necessary arrangements for your trading plans in advance.
Check the Adjustment Results: After the adjustment is completed, please promptly check whether your new position has been successfully established and verify the position size, average entry price, margin, and liquidation price.
Monitor the Trading Resumption Time: The actual resumption time is subject to the information displayed on the platform. For the first 5 minutes after trading resumes, only order cancellation will be supported; placing new orders will not be available.
Thank you for your continued support and understanding.
The CoinW Team