Hyperliquid Tax Guide 2026

How Hyperliquid Perps Are Taxed

Perpetual futures on Hyperliquid generate realized PnL when positions are closed. This PnL is typically treated as capital gains or losses. The tax treatment may vary by jurisdiction — some countries treat derivatives differently from spot trading.

Funding Rate Income and Expenses

Funding rates on Hyperliquid are periodic payments between long and short positions. Positive funding received is generally treated as income. Negative funding paid may be deductible as a trading expense. Defitax tracks both as separate line items.

Position Tracking

Defitax auto-syncs your Hyperliquid positions directly from your wallet address. Open positions, realized PnL, liquidations, and funding payments are all tracked. No API key needed — we read the data on-chain.

Why Other Tools Can't Do This

Koinly, CoinTracker, TokenTax, and Summ do not support Hyperliquid perp auto-sync. They require manual CSV uploads or don't support the protocol at all. Defitax is the only crypto tax tool that auto-detects Hyperliquid positions from your wallet.

Frequently Asked Questions

Are Hyperliquid perp profits taxable?

Yes. Realized PnL from closing perpetual futures positions on Hyperliquid is generally treated as capital gains or losses. Defitax auto-calculates your net PnL across all Hyperliquid positions.

How are funding rates taxed?

Funding rate payments received are generally treated as ordinary income. Funding paid may be deductible as a trading expense. Defitax tracks both separately in your tax report.