How do I connect my HyperLiquid account to CoinTracker?
To add your HyperLiquid transactions to CoinTracker:
Download the CSV export of your transactions from HyperLiquid
Reformat those transactions into our CoinTracker CSV format (see our support guide here)
Import your CSV export to CoinTracker here
How are HyperLiquid transactions taxed?
Activity on HyperLiquid — a decentralized exchange for spot and perpetual futures trading — is taxable under most global tax laws.
Capital gains tax: Applies when you sell, swap, or close positions resulting in profit. Your gain equals the difference between your cost basis and the closing value.
Income tax: Applies to funding rate payments, rebates, or trading rewards earned while holding positions. These are considered ordinary income at their fair market value when received.
CoinTracker tracks and categorizes each of these transaction types to calculate your exact capital gains and taxable income from HyperLiquid activity.
Do I have to pay taxes on HyperLiquid?
Yes.
Even though HyperLiquid is a decentralized perpetual futures exchange, all trading outcomes and income events are on-chain and taxable.
You must report:
Profits and losses from perpetual contract trades
Funding rate payments (income or expenses)
Spot market trades
Rewards or airdrops related to HyperLiquid activity
CoinTracker automatically retrieves these details from your connected wallet and calculates your realized and unrealized P&L for tax purposes.
Does HyperLiquid provide tax documents?
No.
As a decentralized platform, HyperLiquid does not issue official tax documents (like 1099-B or 1099-MISC).
All trading data is stored on-chain.
You can import your wallet address into CoinTracker, which will automatically detect and categorize your HyperLiquid trades, funding payments, and PnL data for tax reporting.
How to get your HyperLiquid tax documents
Open your HyperLiquid app or dashboard.
Copy your wallet address (the same one used for trading).
Go to CoinTracker → Add Account → Wallet → Ethereum or Arbitrum (depending on where you traded).
Paste your wallet address and sync your on-chain activity.
CoinTracker will automatically detect your HyperLiquid smart contract interactions and calculate your gains, losses, and income.
When does HyperLiquid issue Form 1099 or other tax forms?
HyperLiquid does not issue Form 1099-MISC, 1099-B, or 1099-DA, since it is a non-custodial decentralized exchange.
Users are responsible for self-reporting all income and trading profits.
CoinTracker generates equivalent Form 8949, Schedule D, or HMRC/ATO capital gains reports based on your on-chain trade data.
Why aren't my HyperLiquid reports accurate?
Your reports may appear incomplete if:
You used multiple wallets to access HyperLiquid.
Some funding rate transactions were missed by blockchain scanners.
You transferred collateral or settled PnL between wallets.
CoinTracker automatically reconciles HyperLiquid smart contract data with your connected wallets and other DEX activity for a complete and accurate tax report.
Does HyperLiquid automatically deduct taxes?
No.
HyperLiquid does not withhold or remit taxes on your behalf — all transactions occur on-chain.
You are responsible for calculating and paying taxes on realized profits and funding income.
CoinTracker simplifies this by producing automated gain/loss and income summaries ready for filing.
Does HyperLiquid report to tax authorities?
No.
HyperLiquid is a fully decentralized, non-KYC platform, and does not share user data with any tax authority.
However, all trades and settlements are publicly visible on the blockchain.
CoinTracker ensures your on-chain transaction history is fully organized and tax-compliant, even if no exchange report exists.
Does HyperLiquid provide financial or end-of-year statements?
No. HyperLiquid does not issue formal statements or annual summaries.
However, all trade and position data is recorded on-chain.
By syncing your wallet with CoinTracker, you'll receive automatic year-end summaries, capital gains reports, and income breakdowns for every HyperLiquid trade and funding transaction.