Traders on NEAR's derivatives interface can now hold multiple perpetual futures positions against a single shared collateral pool. A cross margin mode went live for the interface's perpetual futures on October 22, 2026, letting eligible trades draw on a common perps balance instead of posting separate collateral for each position.

The rollout spans more than 50 markets, with leverage available at up to 40x. For traders running several positions at once, the mode can cut down the amount of collateral that has to be parked against each individual trade, a capital-efficiency benefit that has made cross margin a standard feature across derivatives venues.

Cross margin is a widely used collateral model in derivatives trading. In a cross margin setup, the balance held in a trading account backs all open positions, meaning gains on one trade can offset losses on another. This differs from isolated margin, where each position carries its own dedicated collateral and liquidation is confined to the margin assigned to that specific trade. The trade-off runs in both directions: the same shared pool that absorbs losses on one position also exposes the whole balance to a sharp adverse move in another, which is why most venues let traders choose between the two modes.

Perpetual futures are leveraged derivative contracts that track the price of an underlying asset and, unlike traditional futures, carry no expiration date. Leverage of up to 40x allows a trader to control a position that is a multiple of the collateral posted, which amplifies both potential gains and potential losses. At higher leverage, the price distance to liquidation narrows, so the choice between cross and isolated margin, and the leverage tier selected, directly shapes how much volatility a position can withstand before it is liquidated.

The report was first published by COINOTAG on October 23, 2026: NEAR's Hyperliquid Perps Add Cross Margin Across 50+ Markets at Up to 40x.