THE STACK

The Hyperliquid Trader's Stack

Hyperliquid handles the trading. It does not hold your keys for you, it does not file your taxes, and it cannot see the half of your portfolio that lives somewhere else. These are the tools that fill those gaps, plus the cases where you should skip each one.

Some links on this page earn us a commission if you buy. It never changes your price, and it is not what puts a tool on this list. Every card below says who the tool is wrong for, and two of the products we recommend most (the free Hyperliquid explorers, and Awaken Tax) pay us nothing at all.

Custody & Security

Hyperliquid is self-custodial, so the wallet holding your keys is the actual attack surface. A hardware wallet signs Hyperliquid orders through an agent wallet, which means your seed phrase never touches a browser.

trezor logoTrezor$49 - $169

Open-source firmware and a Secure Element on the Safe models. Signs the EIP-712 messages Hyperliquid uses to authorize an agent wallet.

Best for
Anyone who wants auditable firmware and does not mind a slightly rougher desktop app.
Skip it
You need broad mobile Bluetooth support. That is Ledger territory.
Visit Trezor →
ledger logoLedger$79 - $399

The default hardware wallet for a reason: the widest wallet-app support, Bluetooth on the Nano X and Flex, and clean MetaMask and Rabby integration.

Best for
Traders who sign from a phone or want the smoothest MetaMask pairing.
Skip it
Closed-source firmware is a dealbreaker for you.
Visit Ledger →

Taxes & Reporting

Perps break most tax software. Hyperliquid settles funding hourly, so one position left open for a year produces 8,760 separate income events on top of your realized PnL. You want a tool that reconciles that automatically.

koinly logoKoinlyFree - $279/yr

Direct Hyperliquid integration: connect the wallet address and it pulls trades, funding, and transfers without a CSV. Supports 20+ countries, not just the US.

Best for
Most traders, and anyone filing outside the United States.
Skip it
Your year is a handful of trades, and the free tier may cover you outright.
Visit Koinly →
coinledger logoCoinLedger$49 - $299/yr

The simplest interface of the group, with TurboTax and TaxAct export built in. Preview your full gain/loss report before paying.

Best for
US filers who want to hand a finished 8949 to TurboTax and be done.
Skip it
You file outside the US or run heavy DeFi activity across many chains.
Visit CoinLedger →
cointracking logoCoinTrackingFree - $65/mo

Built for volume. Handles hundreds of thousands of transactions, 13 costing methods, and the kind of funding-payment count a year of open perps generates.

Best for
High-frequency traders and bot operators whose trade count breaks other tools.
Skip it
You want a modern UI. This one is dense and dated.
Visit CoinTracking →

Tracking & Analytics

Hyperliquid shows you your Hyperliquid positions. If you also hold spot, run HyperEVM strategies, or trade on a second venue, you need something that stitches the whole picture together.

nansen logoNansenFree - $999/mo

On-chain intelligence with wallet labels. Useful on Hyperliquid for watching what large HYPE holders and HyperEVM protocol treasuries actually do.

Best for
Traders who build a thesis from on-chain flow rather than price alone.
Skip it
You trade off charts and funding. The free Hyperliquid explorers cover you.
Visit Nansen →
coinstats logoCoinStatsFree - $14/mo

Portfolio tracker that ties exchange accounts and on-chain wallets into one balance, with mobile apps and alerting.

Best for
Anyone whose net worth is scattered across Hyperliquid, a CEX, and several wallets.
Skip it
Everything you own already sits in one Hyperliquid account.
Visit CoinStats →

Free, and We Earn Nothing

Plenty of what a Hyperliquid trader needs costs nothing. These are here because they are good, not because they pay.

  • HyperLens is our own Chrome extension. Cross-venue funding in APR, your position carry in dollars, and background alerts on the trading screen itself.
  • Funding rates, open interest, and the position calculator on this site, all reading live from the Hyperliquid API.
  • awaken logo Awaken Tax is the most accurate Hyperliquid perps reconciliation we have tested. We have no affiliate arrangement with them, so it earns us nothing to say so.
  • debank logo DeBank and Hypurrscan offer free on-chain portfolio and HyperEVM inspection. Covered in our portfolio tracking guide.

Go Deeper on Any of These

Best hardware wallet for Hyperliquid

Trezor vs Ledger, and how agent wallets keep your seed offline.

Best crypto tax software for perps

Why 8,760 funding events a year breaks most tax tools.

Portfolio tracking on Hyperliquid

Stitching Hyperliquid, HyperEVM, and outside accounts together.

The Stack Is Only Worth It If You Trade

Everything above exists to support the account itself. Open yours through our link and take 4% off every trading fee, for life.

Start Trading - Save 4%