OKX to Adjust KORU Equity Perpetual Futures Due to Corporate Action

Published on Jul 7, 20264 min read

This is a general update. Please check the availability of the listed token or product for your region in the app.

KORU (Direxion Daily MSCI South Korea Bull 3X Shares) has announced a twenty-for-one (20-for-1) forward split of their shares (each shareholder will receive 19 additional shares for every share held). To keep the KORU/USDT perpetual futures contracts aligned with the underlying spot price, OKX will adjust the contracts when the splits take effect. For detailed information regarding corporate action adjustment rules, please refer to the relevant documentation.

This is a value-neutral adjustment and your account equity (balance + unrealized PnL) is preserved.

Details below:

I. Key information on the stock split

Item	Details
Underlying	KORU (NYSE Arca: KORU, Direxion Daily MSCI South Korea Bull 3X Shares)
Announcement date	June 10, 2026
Split ratio	KORU: 20-for-1 (1 share → 20 shares; 19 additional shares per share held; forward split)
Form	Forward share split
Split-adjusted trading begins	July 15, 2026

Official references:

Direxion press release (Direxion to Split Nine ETFs)

II. Adjustment time

The contract adjustment will be performed in synchronization with the underlying index switching to the post-split price. KORU/USDT is expected to commence at approximately 04:00 (UTC) on 15 July, 2026. During adjustment window, trading of the respective 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 ~1/20 post-split price	Tracks the underlying spot index; no manual intervention required
Position quantity	N (contracts / shares)	N × 20	Scaled up by the 1:20 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 (~÷20)	Recalculated automatically by the system
Open orders	—	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
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 fund-share ownership: Stock Perpetuals are derivative contracts. A stock split or reverse split rebase does not confer any ownership of, or claim on, the underlying fund'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
7 Jul 2026

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