Trading with borrowed funds
The market can decide when you leave.
If your account no longer covers the required margin, a leveraged position can be closed—even if the price later recovers.
Options on NEAR.
Your exposure. Your choice.
Choose how you take a position on NEAR.
Review the cost and the payout before you trade.
Understand the payoff
At expiryPayoff illustration, before purchase cost and fees. Not a live quote.
Your wallet. Your decision.
See the cost before you trade.
Built on NEAR.
The problem
A price move shouldn’t
force your next move.
Borrowing to trade means a sudden price drop can force a position to close. With a fully paid Hedgeveil position, there’s no loan to repay and no balance to keep topping up.
Buying a Hedgeveil position
You pay for the position upfront.
A price move doesn’t trigger a margin call. You can hold through the end date, or request a price to sell earlier.
You can still lose the full purchase cost, plus fees. An early sale needs an available buyer.
What you can do
Choose the exposure
that fits your view.
Take a position on NEAR’s price, check its terms, and review the full cost before signing. Available trades depend on funded offers.
Buy the upside
If NEAR finishes above your chosen price.
Your payout depends on how far the final reference price is above the trade’s set price. At or below that price, this position pays nothing.
- You receive
- Any payout in NEAR, after the result is confirmed.
- Keep in mind
- A payout is not the same as profit. Subtract what you paid and the fees.
These explain how the positions work. They are not live quotes or price predictions.
How it is different from other options
Options, with NEAR
at the centre.
Hedgeveil locks the NEAR needed for payouts before positions are created. That removes seller margin calls. The trade-off is full upfront funding and fewer trading tools.
| Feature | Deribit inverse options | Derive | Hedgeveil |
|---|---|---|---|
| Full payout backing required | No | No | Yes |
| Seller liquidation possible | Yes | Yes | No |
| Portfolio margin | Yes | Yes | No |
| Order book available | Yes | Yes | No |
| On-chain settlement | No | Yes | Yes |
| Payout currency | BTC / ETH | USDC | NEAR |
| Put options | Yes | Yes | No |
Understanding Hedgeveil.
Why does Hedgeveil split NEAR into two positions?
The split lets you choose which part of NEAR’s price movement to hold. One position receives the value above a set price; the other follows NEAR’s value up to that cap. Together, matching quantities share the original NEAR backing. Buying one gives you a different exposure from holding NEAR itself.
Does the capped-value position protect me if NEAR falls?
No. The cap limits the position’s upside; it does not set a floor under its dollar value. Below the cap, its value at the final reference price falls with NEAR. It is not a put, a stablecoin or a guaranteed return. You can lose money on either position.
If the trade uses a dollar price, why is my payout in NEAR?
The dollar price determines how the locked NEAR is divided between the two positions. The contract pays NEAR, not dollars. Once that amount is fixed, its dollar value can still move with NEAR’s market price—including between the price observation, your claim and your withdrawal.
What backs my payout if the seller leaves?
The NEAR backing is locked in the contract when the paired positions are created. Selling a position does not release that backing to the seller, so your payout does not depend on them returning with funds later. It still depends on correct contract execution and valid price evidence; full backing does not remove those risks.
Why can an offer disappear before I sign?
Offers have an expiry, and the maker’s available assets can change before your transaction executes. The contract checks the offer and balances again when it runs. The full trade must succeed together; it will not buy only part of your requested amount. A failed transaction can still cost network fees.
Which price determines my final payout?
Each series fixes its price source, observation rules and end date before positions are created. Those rules determine the final reference price—not the maker’s quote or the chart price when you click claim. If the required evidence is missing or invalid, the payout remains unresolved; waiting longer does not automatically trigger a refund.
Why are claiming and withdrawing separate steps?
Claiming exchanges a finalized position for its NEAR payout in your Hedgeveil balance. You can use that balance for another trade or request a withdrawal to your wallet. The withdrawal is a separate transfer and must be confirmed. A pending transfer is not proof that funds arrived, and should not be sent again while its result is unknown.
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your next move.
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