Hyperliquid tax tools compared
updated october 2026 · ~6 min · not tax advice
The honest version of this comparison: the differences between tools are not price or interface — they are whether fills come from full history or a 30-hour window, whether funding payments actually make it into the report, and whether anyone checked the totals against an independent identity. Whatever you pick, verify its output — every option on this list has documented Hyperliquid failure modes.
| option | data in | perps & funding | cost | watch out for |
|---|---|---|---|---|
| Basisproof | Full-history chain indexer + venue API | Recomputed fill by fill, verified on two independent axes | Free check · report $29–$239/yr | Single venue (Hyperliquid only); classification is left to you / your CPA |
| Dedicated HL scanner | Public venue API, in-browser | Sums exchange-reported fields — no recomputation | Free preview · $19 one-time export | Caps at ~240k fills; displays venue numbers without verifying them |
| Dedicated HL report service | Server-side read of wallet history | Broad coverage incl. spot, vaults, staking, HIP-3 | $29–$99 per wallet/year | Classifications ship as defaults flagged 'needs review'; newest entrant |
| Generalist suites (portfolio trackers) | Direct wallet sync | Yes, with documented gaps — funding and perp fills can be skipped | $49–$999/yr by transaction count | Per-wallet sync caps (e.g. 10k transactions) silently exclude heavy accounts |
| High-volume ledger tool | CSV / API with manual mapping | Handles hundreds of thousands of transactions | Free to $65/mo | Dense, dated UI; perp semantics need manual setup |
Four checks to run on any report before you file
- 1.Funding income is not exactly $0 — a year of open positions produces thousands of hourly settlements; a zero means the import only captured fills.
- 2.Fill coverage spans the whole period — the venue's fill API retains ~30 hours, so an importer relying on it alone silently truncates.
- 3.Dex markets are included — HIP-3 venues (xyz:, flx: and friends) now carry over half of perp volume; tools enumerating only the main book miss them.
- 4.The account-value identity closes — Δ account value minus boundary flows should equal reported PnL. If your tool can't show you this check, run ours on the same address.
One thing worth saying out loud
On builder-dex-heavy accounts the venue's own series disagree with each other — its PnL history excludes unrealized dex PnL while its account-value history includes it. We've measured divergences over $5M on real wallets, and over $300M on the largest. Any tool that reports a single clean number on such an account picked a side without telling you.
Verify whatever you picked — free
Run the free check on your address and compare its recomputed totals against what your tax software claims. Disagreement is information; agreement is evidence.
Run the free check