NEAR released a cross-margin mode on its perpetuals interface on October 22, 2026. Collateral no longer sits with each position separately but as a shared balance at account level. The announcement puts it this way: "Positions now share your perps balance as margin instead of each holding its own". According to the product page, more than 50 perpetual markets are on offer with leverage of up to 40 times, settled technically through Hyperliquid.
The timing is what makes this relevant to you. NEAR trades at $4.44 on CoinGecko data, down 9.9 percent within a day and 12.8 percent over the week. Among the twenty largest cryptocurrencies excluding stablecoins, that is the weakest performance this Friday. Access to leverage becomes more convenient, in other words, at the very moment the price is swinging hardest.
What NEAR changed about the perps on October 22
Until the switch, the interface worked in isolated mode. Each position was assigned its own pot of collateral, and it could lose no more than that pot. Holding four positions meant managing four separate buffers and topping up each one individually.
In cross mode th...
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