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Futures / Perps

Updated: Feb 2026 • Educational overview (not tax advice)

Crypto futures taxes: perps, funding, and why your history gets messy

Futures trading can produce a lot of events: realized PnL, fees, funding payments, liquidations, and transfers between accounts. If you use multiple exchanges, it’s easy for reports to look “off” unless everything is reconciled.

Get Help Cleaning Futures History → Go to Crypto Tax Hub → Common mistakes →

What makes futures reporting different

Realized PnL happens when positions close (manually or via liquidation).
Funding payments can occur repeatedly over time.
Fees can be frequent and may affect net results.
Margin transfers between wallets/exchanges can break cost basis chains.

Common futures tax report problems

Missing deposits → unknown cost basis → inflated gains.
Internal transfers misread as sells.
Funding categorized inconsistently across tools.
Multiple exchanges without a full inventory.

Prep checklist (futures traders)

Include every exchange you used for futures.
Match transfers (spot wallet ↔ futures wallet ↔ on-chain).
Review fees/funding categories for consistency.
Fix unknown cost basis before exporting forms.

How to file → Compare tools → Clean my report →

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