NEAR Launches Cross-Margin Support for Perpetuals

According to CryptoNews, NEAR announced cross-margin support for its Hyperliquid-powered perpetuals on October 22. The new option permits eligible positions to use a shared perps balance rather than isolated collateral.

Dedicated Accounts and Confidentiality

NEAR stated that each user receives a dedicated Hyperliquid trading account, with deposits and withdrawals described as confidential. However, the platform does not publish an independent privacy audit for the full trade path. Hyperliquid calculates account equity against market prices and enforces liquidation rules based on maintenance requirements.

Margin Allocation Mechanics

Under the new feature, multiple positions can use a common margin balance. Hyperliquid documentation notes that cross margin allows surplus on one side of an account to support losses on another, while unrealized profits can serve as initial margin for new positions. The platform applies a backstop below two thirds of the required maintenance margin.

Key facts

• NEAR launched cross margin for Hyperliquid-powered perpetuals on October 22.
• Users receive a dedicated Hyperliquid trading account with confidential deposits and withdrawals.
• Hyperliquid manages pricing, account equity calculations, and liquidations.
• The initial announcement did not disclose trading volume, user totals, or posted collateral amounts.