Hyperliquid Taxes: How to Generate Your Crypto Tax Report
Every realised trade, funding rate payment, and disposal through your Hyperliquid account creates a taxable event. CoinTracking imports your Hyperliquid transaction history via CSV export, calculates gains, losses, and funding income across your full perpetual futures history, and generates a tax report ready for your accountant or tax authority — no matter how many positions you have traded.
How to Import Your Hyperliquid Transactions into CoinTracking
Watch how to export your Hyperliquid Trade History, Funding History, and Deposits CSV files and import them into CoinTracking to generate your complete crypto tax report — including perpetual futures PnL and funding payments.
Start Your Free Hyperliquid Import- Every realised perpetual futures trade, funding rate payment, and asset disposal through your Hyperliquid account is a taxable event in most jurisdictions. Capital gains tax and income tax may both apply depending on transaction type and your country of residence.
- CoinTracking imports Hyperliquid transactions via CSV export (manual upload). Export your Trade History, Funding History, and Deposits and Withdrawals from the Hyperliquid Portfolio section and upload all files to CoinTracking.
- Transferring assets between your own wallets is not a taxable event. Unrealised paper gains on open positions are not taxable — only realised PnL at the time you close a trade counts.
- Tax compliance is your responsibility. Hyperliquid is a fully decentralised DEX — it has no central company and is not registered as a CASP under any regulatory framework. It does not report your trading activity to tax authorities. All realised PnL, funding payments, and disposals must be declared by you. Tax authorities in many jurisdictions are increasingly able to trace on-chain DEX activity.
Hyperliquid and Your Tax Obligations
Hyperliquid is a fully decentralised, high-performance perpetual futures DEX built on its own Layer-1 blockchain — HyperEVM. Unlike centralised derivatives exchanges, Hyperliquid is non-custodial: you connect your wallet directly and trade on-chain without depositing funds to a company account. It has rapidly become one of the most liquid decentralised derivatives venues, offering perpetual contracts across hundreds of assets with deep liquidity and low latency.
All transactions executed through your Hyperliquid account generate taxable events. Whether you open and close perpetual futures positions, receive or pay funding rates, or transfer assets on and off the platform, each event must be accounted for in your tax return.
CoinTracking supports Hyperliquid via CSV import:
- Trade History CSV: all opened and closed perpetual futures positions with realised PnL
- Funding History CSV: funding rate payments received or paid on open positions
- Deposits and Withdrawals CSV: transfers to and from the Hyperliquid platform
- All three CSV files can be uploaded together in CoinTracking for a complete tax record
Crypto Tax Basics: What Hyperliquid Traders Need to Know
Hyperliquid traders operate in a DeFi-native environment: self-custody, on-chain settlement, and no central intermediary. The tax treatment of perpetual futures and funding payments differs from standard spot trading in several important ways.
Realised PnL from perpetual futures
In most countries, closing a perpetual futures position and realising a profit triggers a taxable event. The gain or loss equals the difference between your entry price and your exit price, accounting for fees. Unlike spot assets, perpetual futures are derivatives — many jurisdictions tax realised PnL as short-term income regardless of how long the position was held, meaning standard holding-period exemptions (such as Germany's one-year rule) may not apply. Always verify the specific treatment for derivatives in your country with a qualified tax advisor.
Funding rate income and expenses
Hyperliquid perpetual futures use a funding rate mechanism to keep contract prices aligned with spot markets. If you hold a position on the receiving side of funding, the payments you receive are generally treated as taxable income. If you pay funding, this may be deductible as a trading cost in some jurisdictions. Accurate tracking of funding history — which CoinTracking imports from your Hyperliquid CSV — is essential for a correct tax report.
DeFi and self-custody considerations
Because Hyperliquid is a non-custodial DEX, all activity is recorded on the HyperEVM blockchain. On-chain data is publicly visible, and tax authorities in many jurisdictions are increasingly using blockchain analytics to cross-check declared income. The absence of a centralised reporting entity does not reduce your obligation to declare gains — it shifts the full record-keeping responsibility to you. CoinTracking maintains a complete, dated audit trail of every Hyperliquid transaction you import.
Hyperliquid Taxes by Country
Crypto tax rules differ by market. Below are the key rates, deadlines, and filing forms for the countries where CoinTracking users trade most actively.
Germany
- Spot disposal tax: Personal income tax rate (up to 45%); gains are tax-free if held longer than 1 year (Haltefrist) — applies to spot crypto, not derivatives
- Perpetual futures: Realised PnL is generally taxable as a private speculative transaction under § 23 EStG regardless of holding period; no 1-year exemption applies to derivatives
- Funding income: Funding payments received are taxable as miscellaneous income (§ 22 Nr. 3 EStG)
- Annual exemption: Gains up to €1,000/year from private speculative transactions are tax-free
- Authority: Finanzamt
- Forms: Anlage SO, Anlage KAP
Austria
- 27.5% capital gains tax: Since March 2022, crypto is taxed like shares — a flat 27.5% KESt applies to gains from spot disposals
- Derivatives/futures: May be taxed separately as financial instruments; consult a local tax advisor for perpetual futures treatment
- Old coins grandfathered: Crypto acquired before 28 February 2021 is tax-free on disposal
- Authority: Finanzamt Austria. Report via Einkommensteuererklärung (E1 / E1kv)
Switzerland
- Capital gains: Generally tax-free for private investors on spot crypto; professional traders taxed as self-employed income
- Derivatives/futures: Active perpetual futures trading may be classified as professional activity, subjecting gains to income tax
- Wealth tax: Crypto holdings subject to wealth tax at cantonal rates based on year-end market value
- Authority: Cantonal tax authority (varies by canton)
United Kingdom
- Capital Gains Tax: 18% (basic rate) or 24% (higher rate) from October 2024 on spot crypto disposals
- Crypto derivatives: HMRC treats CFDs and futures gains as income tax (not CGT) for many traders; active perpetual futures trading may be classified as trading income
- Annual exempt amount: £3,000 (2024/25 onward)
- Authority: HMRC
- Forms: Self Assessment SA100, SA108
Spain
- Savings income (IRPF): 19% up to €6,000; 21% up to €50,000; 23% up to €200,000; 27% up to €300,000; 28% above
- Foreign crypto disclosure: Modelo 721 required if portfolio exceeds €50,000 abroad
- Authority: Agencia Tributaria (AEAT)
- Forms: Modelo 100 (IRPF), Modelo 721
Poland
- Flat rate: 19% on all crypto gains (no holding period exemption)
- Loss carryforward: Up to 5 years
- Cost basis: FIFO
- Authority: Urząd Skarbowy
- Form: PIT-38
Italy
- Flat rate: 26% on gains exceeding €2,000/year (from 2023)
- Foreign holdings disclosure: Quadro RW required if portfolio exceeds €15,000
- Authority: Agenzia delle Entrate
- Forms: Quadro RT (gains), Quadro RW (foreign holdings)
Portugal
- Disposal tax: 28% on gains from crypto held less than 1 year (from 2023)
- Long-term holding: Tax-free on disposal if held 1 year or longer
- Authority: Autoridade Tributária (AT)
- Forms: Modelo 3, Anexo G or Anexo J
France
- Flat 30% tax (PFU): Gains from crypto disposals are subject to the prélèvement forfaitaire unique — 12.8% income tax + 17.2% social charges
- No exemption for holding period: Unlike Germany, there is no tax-free threshold after 1 year
- Authority: DGFiP. Declare via Formulaire 2086
Tax rules change frequently. This overview is for general information only and does not constitute tax advice. Consult a qualified advisor for your specific situation.
Are Hyperliquid Transactions Taxable?
In most jurisdictions, realised PnL from perpetual futures and funding payments are taxable. Unrealised gains on open positions are not. Use this as a starting reference — exact rules vary by country.
Taxable Events
- Closing a perpetual futures position with a profit (realised PnL)
- Funding rate payments received on open positions
- Swapping or trading crypto on the Hyperliquid spot market
- Using crypto to pay for goods or services
Not Taxable
- Unrealised gains on open perpetual futures positions
- Transferring crypto between your own wallets
- Depositing or withdrawing funds to/from Hyperliquid
- Buying and holding spot crypto without disposal
Tax treatment varies by country. CoinTracking applies the rules for your selected jurisdiction automatically.
How to Calculate Your Hyperliquid Taxes
Active perpetual futures traders on Hyperliquid can generate hundreds of taxable events in a single day — each position close, each funding payment, and each liquidation is a separate event that must be reported. Calculating realised PnL, funding income, and trading losses manually across a full year of trading is virtually impossible without dedicated software.
CoinTracking imports all three Hyperliquid CSV exports — Trade History, Funding History, and Deposits and Withdrawals — and calculates your total realised gains, losses, and funding income for each tax year. Your chosen cost-basis method (FIFO, LIFO, HIFO, and others) is applied consistently across all trades.
The result is a jurisdiction-specific tax report — PDF or Excel — that your accountant or tax authority will accept, with a full audit trail for every trade, funding event, and transfer.
How to Import Hyperliquid into CoinTracking
Three steps to import your Hyperliquid transactions and generate your tax report.
- 1
Log into CoinTracking and open Imports
After logging in, click the Import icon in the left navigation. This is where you connect all your exchanges, wallets, and blockchains.
- 2
Search for Hyperliquid in the import list
Type "Hyperliquid" in the search field. CoinTracking will show the Hyperliquid import option — select it to proceed with your CSV upload.
- 3
Upload your Hyperliquid CSV exports
In your Hyperliquid account, go to Portfolio and scroll to the bottom. Export your Trade History, Funding History, and Deposits and Withdrawals CSV files. Upload all three files to CoinTracking — your full perpetual futures history, funding payments, and transfers will be imported automatically.
"CoinTracking can handle just about any complex transaction you can throw at it and the automation is a real lifesaver. Of all the tax software tools we've reviewed, CoinTracking is the most detail-oriented and has more accuracy checks in place than the competition."
How to Create Your Hyperliquid
Tax Report with CoinTracking
Three steps from CSV export to a tax report your accountant will accept.
Import your Hyperliquid transactions
Connect your wallet to Hyperliquid, go to Portfolio, and export your Trade History, Funding History, and Deposits and Withdrawals CSV files. Upload all three to CoinTracking for a complete tax record.
Review your transactions
Open Reports → Validate Transactions. CoinTracking flags missing cost basis entries, duplicate imports, and price gaps so your final report is accurate — especially important for high-frequency perpetual futures trading.
Generate and export your tax report
Select your country and tax year. CoinTracking generates a report formatted for your jurisdiction: PDF or Excel, ready to file or hand to your accountant.
No. Hyperliquid does not generate a ready-to-file tax report. It allows you to export your transaction history as CSV files (Trade History, Funding History, and Deposits and Withdrawals) from the Portfolio section. You can import those CSV files into CoinTracking, which then calculates your realised gains, losses, and income across all your Hyperliquid perpetual futures trades and generates a compliant tax report for your jurisdiction.
Connect your wallet to the Hyperliquid exchange, go to Portfolio and scroll to the bottom. Export the Trade History, Funding History, and Deposits and Withdrawals CSV files. Then open CoinTracking, go to the Import section, search for "Hyperliquid", and upload the CSV files. CoinTracking will process all your trades, funding payments, deposits, and withdrawals automatically.
Yes. Realised profits and losses from perpetual futures trading on Hyperliquid are taxable events in most jurisdictions. Capital gains tax or income tax applies to the difference between your entry and exit price on each trade. Unlike spot trades, perpetual futures typically do not qualify for long-term capital gains rates or holding-period exemptions — realised PnL is usually taxed as short-term income regardless of how long the position was open. Always verify the specific treatment with a tax advisor in your country.
Funding rate payments received on Hyperliquid perpetual futures are generally treated as ordinary income in the year received. Funding payments paid out may be deductible as a trading expense, depending on your jurisdiction. CoinTracking imports your Hyperliquid Funding History CSV and categorises each payment correctly so your tax report reflects both income and deductions accurately.
No. Hyperliquid is a fully decentralised, non-custodial DEX with no central company entity. It is not registered as an EU CASP and is not subject to DAC8 or equivalent centralised reporting requirements. However, on-chain data is publicly visible on the HyperEVM blockchain, and tax authorities in many jurisdictions are increasingly able to trace decentralised exchange activity. You remain personally responsible for declaring your Hyperliquid gains, losses, and funding income.
Yes. CoinTracking imports all three Hyperliquid CSV exports — Trade History, Funding History, and Deposits and Withdrawals — and processes them together. Realised PnL from futures trades, funding rate income, and transfers are all included in your final tax report. CoinTracking applies your chosen cost-basis method and generates a jurisdiction-specific report in PDF or Excel format, ready for your accountant or tax authority.
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