The best Hyperliquid tax software in 2026
The right tool depends on what you trade and where else you trade it. Below is how we'd choose, including when PaperTax isn't the answer. We make PaperTax; the other tools' details come from their own sites and independent reviews, listed at the end.
What matters for Hyperliquid traders
- Funding as its own line. Perps generate funding every hour. A report showing $0 funding for a year of perps is almost certainly wrong.
- Perps treated as derivatives. A close is a realised gain or loss in USDC, not a sale of the coin.
- Liquidations. Recorded as losses, with the liquidation fee.
- Coverage beyond core perps. HIP-3 builder markets, Papertrade, HLP vaults, HYPE staking and HyperEVM DeFi.
- Your country. Tax years, rules and currencies differ: Australia, the US, the UK, Canada and New Zealand each treat perps and DeFi differently.
Picks by situation
| If you… | Use | Why |
|---|---|---|
| Trade only on Hyperliquid, HIP-3 or Papertrade | PaperTax | Built for exactly that; pay once per wallet and year |
| Trade on Hyperliquid and several exchanges | Koinly or Crypto Tax Calculator, plus PaperTax's CSV | Full portfolio report, with Hyperliquid and Papertrade detail from PaperTax |
| Do a lot of HyperEVM DeFi and file in the US | Awaken | Reviewers rate it strongest on HyperEVM DeFi; US-first |
| Have an Australian accountant | Crypto Tax Calculator with PaperTax's audit pack | Widely used by Australian accountants; the audit pack gives them the evidence |
| Mostly hold spot with little perps trading | CoinLedger or CoinTracker | Fine for spot; reviewers rate their perps handling as weaker |
The tools
PaperTax
A specialist for Hyperliquid perps, every HIP-3 market, spot, HLP vaults, HYPE staking, HyperEVM and Papertrade. Read-only from a public address, with defaults for Australia, the US, the UK, Canada and New Zealand, Koinly and CTC exports, and an audit pack. $29–$99 per wallet and tax year, or $99 a year for up to 10 wallets. It doesn't cover other exchanges or chains.
Koinly
A full crypto tax platform with a Hyperliquid wallet sync. Reviewers say it imports funding and liquidations automatically. Priced yearly by transaction count, which busy perps accounts can push into higher tiers. Strong if you trade in many places.
Awaken
Wallet sync for Hyperliquid and other EVM chains, rated strongest on HyperEVM DeFi. US-focused, with TurboTax exports. Plans run from about $99 to $999 a year.
Crypto Tax Calculator
Popular in Australia and with accountants. Accepts PaperTax's CTC CSV for Hyperliquid and Papertrade detail.
CoinLedger, CoinTracker, CoinTracking, TokenTax
Good general tools. Independent reviews rate their perps and funding handling as partial or manual, so check those lines carefully if you trade perps.
Next steps: PaperTax vs Koinly, Hyperliquid tax in Australia, Hyperliquid taxes in the US.
Questions
What is the best tax software for Hyperliquid?
For Hyperliquid, HIP-3 and Papertrade alone, a specialist like PaperTax. If you also trade on exchanges or other chains, use a full platform such as Koinly or Crypto Tax Calculator and import PaperTax's CSV for the Hyperliquid and Papertrade detail.
Which crypto tax software handles Hyperliquid funding?
PaperTax lists funding per market per day. Independent reviews say Koinly and Awaken import funding automatically, while some general tools need manual mapping.
Is there free Hyperliquid tax software?
PaperTax shows a free preview of your summary, journal and first ledger rows without an account. Full exports are $29–$99 per wallet and tax year.
Sources
- Best crypto tax software for perps traders (Hyperliquid Guide)
- Awaken: Hyperliquid integration
- Crypto tax software pricing compared (CoinLaw)
- Koinly
- Crypto Tax Calculator