Your total perps exposure across every venue, one number

If you trade perps on more than one venue, you have a number nobody shows you: total exposure. A Hyperliquid long here, a Lighter short there, an old GMX position you forgot: each venue draws its own dashboard, and none of them adds across the street. The fix is aggregation by address, and it changes what you can see about your own trading.

Why perps fragment across venues

Fees and listings differ, airdrop seasons pull traders to new venues, and specific markets live in specific places. Fragmentation is rational behaviour. The cost is visibility: three venues means three PnL definitions, three funding meters, and no single answer to "am I net long right now?" Which of the definitions you are reading is its own question.

The three numbers that matter

• Net exposure per asset: your BTC longs minus BTC shorts across all venues. Hedged on paper is not hedged if you forgot a leg.
• Total margin at risk: how much collateral is posted across venues, and how close each position sits to liquidation.
• Real PnL: price PnL plus funding minus fees, summed across venues, the way we broke down for Hyperliquid.

Watch the definitions

Venues disagree about what PnL means: some include funding in the position card, some report it separately, some reset realized PnL views by epoch. Comparing raw numbers across dashboards misleads. An aggregator has to normalize to one definition before adding, which is precisely the boring work that makes the total trustworthy.

One view in TrueHold

TrueHold reads Hyperliquid by address and Lighter through a read-only token, adds your exchange futures through read-only keys, normalizes positions and funding, and totals them next to your spot, DeFi and NFT holdings. One exposure line, one honest PnL, and the same read-only rule as everywhere else in the product: nothing connected, nothing signable.

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