Calculate your Binance Futures taxes automatically and download ready-to-file tax reports in minutes with no manual work required.
API Import
CSV File Upload
What is Binance Futures?
Binance Futures is a centralized crypto derivatives exchange where users trade futures contracts instead of buying or selling coins on the spot market. It supports perpetual and quarterly contracts, including USDⓈ-M and COIN-M markets, so traders can use margin to take long or short exposure to crypto prices. These trades can create records from positions, transfers, and funding payments that users may need for tax reporting, and this guide explains how to handle Binance Futures transactions with Coinpanda.
How to do your Binance Futures taxes
You can easily report your Binance Futures taxes by connecting your Binance Futures account to Coinpanda using the API or by uploading a CSV file. Coinpanda automatically imports your transactions, calculates your capital gains and income, and generates ready-to-file tax reports for Binance Futures.
Supported transactions
Coinpanda supports the most common transaction types from Binance Futures. See the full overview below to confirm which transactions are supported before you connect your account.
Tx Type
API import
CSV file upload
Realized PnL
Trading fees
Funding payments
Bonuses and rewards
Coin swaps
Insurance clear
Referral kickback
Internal Binance transfers
Cross collateral transfers
Auto-exchanges
How to connect Binance Futures with API
We are only requesting view permissions. This does not give us access to your private keys or the ability to move your funds.
Follow these steps to add your Binance Futures account to Coinpanda with API:
Click ‘Get code’ to receive a verification code to your email address
Enter the verification code and your 2FA code if required, then click ‘Submit’
Copy the API Key and Secret Key to Coinpanda.
Please note: Earlier in 2022, Binance introduced several limitations to their API so that only futures data from the last three months are available for USD-margined futures. This is, unfortunately, completely out of our control, and we encourage you to contact Binance customer support and request that they remove this limitation. For now, we recommend using file upload as described below instead. COIN-margined futures are not affected by this limitation.
Coinpanda will automatically aggregate all Realized P&L transactions for the same timestamp to a single transaction. All fees and funding payments will be saved as a single daily transaction for each individual settlement currency.
This is done to avoid importing thousands of small transactions of insignificant value often provided by the Binance API. This means that you might see only 100 transactions on Coinpanda instead of 1,000 or 2,000 using another crypto tax platform. The resulting gain/loss will be exactly the same.
You might see one or more Negative balance warnings on the Transactions page. This can happen because Binance allows having negative wallet balances and is, therefore, most likely not due to an error with the API import.
How to connect Binance Futures with CSV
Follow these steps to export your transactions from Binance Futures:
Click the ‘Export’ button, select ‘Big Data Download’ and select a date range of up to 1 year
Click ‘Generate’ and download the file when ready. Make sure to generate files for all years.
Repeat the previous steps for Coin-margined futures by selecting the ‘COIN-M’ tab
Upload the CVS files to Coinpanda
Does Binance Futures provide tax documents?
Typically, exchanges don't provide finalized tax documents for their customers, and Binance Futures is no exception. It's hard for an exchange to build tax logic that serves customers across many jurisdictions. Hence, it's more practical for a customer to use a tax platform like Coinpanda.
How are Binance Futures transactions taxed?
The exact tax implications on Binance Futures transactions depend on which country you live in and the type of transactions you have made. In general, you must pay either capital gains tax or income tax on your cryptocurrency transactions on Binance Futures.
Capital gains tax: Whenever you sell a cryptocurrency for more than you purchased it for, you generate a capital gain. On the other hand, if you sell the cryptocurrency for less than you paid initially, you have a capital loss, which can, in most cases, offset other gains.
Income tax: Earned cryptocurrency on Binance Futures, such as staking, interest, bonuses, and referral rewards, is typically treated as taxable income and must be reported on your tax return.
To learn more about how Binance Futures transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.
How to file your Binance Futures taxes
First, you must calculate capital gains and income from all taxable transactions on Binance Futures. When you have this information ready, you can report capital gains and income together with other forms of income, such as employment and dividends, in your annual tax return.
To calculate your capital gains, you must first export a complete history of all transactions made on Binance Futures. Once you have this data, you can calculate your capital gains or losses by determining the price at which you bought the cryptocurrency (your cost basis) and the price at which you sold it (your proceeds). Luckily, Coinpanda can help you with this and generate ready-to-file tax forms quickly and easily.
After downloading your Binance Futures tax statements from Coinpanda, the last step is to report the capital gains and income on your tax return before the deadline. Most countries allow you to self-declare taxes online in 2026, but you can also get help from a professional tax accountant to file taxes for you.
Calculate your Binance Futures taxes
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How do I troubleshoot the imported Binance Futures transactions to Coinpanda?
While we strive every day to ensure the highest possible accuracy when importing transactions from Binance Futures to Coinpanda, it may happen that not all transactions are imported or that some data is imported incorrectly. Some reasons for this can be:
Changes in the Binance Futures API
Updated CSV file format
Binance Futures does not provide a complete record of all transactions
To get the best help from Coinpanda support, you must first identify which transactions are missing or incorrectly imported. To do this, we recommend comparing your transaction history on Binance Futures with the transactions imported into your Coinpanda account. See also our help article with an overview of known exchange API limitations.
The quickest way to get help from our dedicated support team is to send a message in the Live Chat.
Binance Futures cannot calculate your taxes since it does not have knowledge of your transactions made on other exchanges or platforms. However, if you have only interacted with crypto on Binance Futures your entire life, it could technically do so.
How do I get Binance Futures tax documents?
The easiest way to get tax documents and reports is to connect your Binance Futures account with Coinpanda, which will automatically import your transactions. After that, you can download complete tax reports for Binance Futures.
Does Binance Futures provide financial or end-of-year statements?
No, Binance Futures does not provide a complete financial or end-of-year statement for your crypto transactions. However, you can get this using a crypto tax calculator.
Do I have to pay taxes on Binance Futures?
Yes, all transactions on Binance Futures involving the disposal of a crypto asset are, in most cases, taxable. You must also pay income tax on earned crypto, such as staking, interest, or referral rewards.
Is transferring to Binance Futures taxable?
No, transferring cryptocurrency to Binance Futures is not taxed as long as you transfer between your personal wallets or exchange accounts.
How do I avoid paying taxes on Binance Futures?
It is impossible to avoid paying taxes completely on Binance Futures legally if you live in a country that taxes cryptocurrency. However, there are several ways to reduce your taxes, such as tax-loss harvesting.
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