papertax — tax records for Hyperliquid perps, spot, vaults, HYPE staking, HIP-3 markets and papertrade
Every Hyperliquid perp, folded into clean tax records.
Clients
Accountant plan
| Client | Wallet | Venues | Events | Net result | Status | Last synced |
|---|
Paste any public wallet address. PaperTax reads Hyperliquid perps, spot, vaults and HYPE staking, HIP-3 markets, HyperEVM and papertrade. No wallet connection, no keys.
Venues found
| Include | Venue | How it's read | Realised | Losses | Gains | Fees | Funding | Other income | Net |
|---|
Summary
Trading journal
Same data, read as a trader. Free for every wallet.
Where your money went
Fees, funding and liquidations, market by market. Free for every wallet.
| Market | Closes | Win rate | Closed PnL | Funding | Fees | Net | Liquidations |
|---|
Year-end check
| Venue | Open position | Margin | Unrealised PnL | If closed before the tax year ends |
|---|
How each event is treated
Ledger
| Time (UTC) | Venue | Event | Market | PnL (USDC) | Fee | Token | Classification | Tx |
|---|
Export
Copy the file and import it into your tax tool. Only included venues are exported.
Plans
Prices in USD. Pay once per report, or subscribe. Cancel any time.
Preview
- Venues, summary and trading journal
- First 10 ledger rows
- Export preview
Tax report
- $29 up to 500 events, $59 up to 5,000, $99 unlimited
- Full ledger, Koinly, CTC and accountant exports
- No account needed
Trader
- Or $12 a month
- Up to 10 wallets, every tax year
- API and MCP access for your agents
Accountant
- $39 per client from 25 clients
- Client list and bulk export
- API and MCP access
Product updates
New venues, rule changes and tax-time reminders. A few emails a year.
Need someone to file this?
Get matched with a registered tax agent who works with crypto. They advise and lodge; PaperTax hands them your records.
How it works
Read-only. Public data. No keys.
- Paste a wallet addressA public 0x address. No wallet connection, no keys.
- Pick your tax yearAustralia, the US, the UK, Canada or New Zealand.
- Review by venueHyperliquid perps, each HIP-3 market, papertrade and forks, with anything unsettled flagged.
- ExportKoinly or Crypto Tax Calculator CSV, a plain summary or an audit pack for your accountant.
Questions
Short answers. Not tax advice. Longer reads in the guides.
Does PaperTax cover Hyperliquid spot, HLP vaults and HYPE staking?
Yes. Spot buys and sells, HLP and other vault deposits and withdrawals, HYPE staking rewards (valued at the daily HYPE price), rewards, airdrops, deposits, withdrawals and transfers are all read from your wallet address. Spot trades are exported as trades so Koinly or Crypto Tax Calculator can apply your cost-base method.
Does PaperTax read HyperEVM, like Kinetiq, HyperLend and swaps?
Yes. PaperTax reads your HyperEVM wallet: bridges to and from HyperCore, Kinetiq, StakedHYPE, Looped HYPE, HyperLend and Felix deposits and withdrawals, token swaps, tokens received and gas. Swaps and protocol moves are exported as trades for Koinly or Crypto Tax Calculator, and anything unclear is flagged for review. It also spots contracts that copy papertrade.
How are Hyperliquid perpetual futures taxed in Australia?
Realised gains and losses when you close or are liquidated are generally assessable or deductible. Whether they are capital or revenue depends on your circumstances, such as how often and why you trade. Funding payments have no specific ATO guidance. PaperTax records each item and flags the unsettled ones; it is not tax advice.
Does PaperTax support HIP-3 markets like trade.xyz and Paragon?
Yes. PaperTax reads every HIP-3 builder market through Hyperliquid's public API, including trade.xyz, Paragon, Felix, Ventuals and Kinetiq. Stock and commodity perps such as TSLA or GOLD are USDC-settled derivatives and are recorded like any other perp.
How do I import Hyperliquid trades into Koinly or Crypto Tax Calculator?
Enter your wallet address, choose your tax year, then copy or download the Koinly universal CSV or the Crypto Tax Calculator advanced manual CSV. Each row links to its on-chain transaction, and opening fees, funding and liquidations are included.
How is the PAPER token from papertrade treated for tax?
There is no settled treatment. PAPER minted on a losing trade is non-transferable and unpriced, so PaperTax records it at $0 and flags it for review with your tax agent. papertrade closes, liquidations, PAPER mints and staking are all read from your wallet automatically.
Are Hyperliquid funding payments taxable?
Probably, but how is unsettled. They are commonly treated as income or an expense, or as part of a position's gain or loss. PaperTax sums funding per market per day and flags it for review.
Do I need to connect my wallet or share my keys?
No. PaperTax only needs a public wallet address and reads public Hyperliquid data. It never asks for keys, signatures or exchange logins.
Which tax years does PaperTax cover?
Australia FY 2025–26 and 2026–27 (1 July–30 June), the United States 2025 and 2026, the United Kingdom 2025–26 and 2026–27 (6 April–5 April), Canada 2025 and 2026, and New Zealand 2025–26 and 2026–27 (1 April–31 March). UK, Canadian and New Zealand defaults are new and awaiting review by local tax professionals.
Can AI agents use PaperTax?
Yes. Agents can connect to the MCP server at papertax.xyz/mcp, call the documented API (openapi.json), or read llms.txt for a plain-text guide. Agents can also buy a report themselves with a saved card or in USDC. Updates are posted on X at @papertaxdev.
For AI agents and developers
Use PaperTax from an assistant or your own code.
MCP server
Connect Claude or any MCP client to https://papertax.xyz/mcp. Tools: tax summary, ledger events, exports (Koinly, CTC, audit pack), treatment notes, verified PnL links and launchpad info.
HTTP API
POST /api/ledger and GET /api/export, documented in openapi.json.
llms.txt
A plain-text guide for language models at /llms.txt.