Derivative Trading Report
David Melbourne avatar
Written by David Melbourne
Updated over a week ago

The Derivative Trading report is the report that you will use if you have any activity from trading derivatives.

The term ‘derivative’ refers to a type of financial contract whose value is dependent on an underlying asset, group of assets, or benchmark. A derivative is set between two or more parties that can trade on an exchange or over-the-counter (OTC). An example of this would be FTX - PERP contracts.

Transactions like this will import into the app as Realised Loss, Realised Profit, and Margin fees, instead of the traditional buy/sell transactions.

At the top of the Derivative Trading Report, you will find the report summary, which will look similar to the above image. This is a high-level summary of the profit and loss that was made during the reporting period.

The Report Summary will be broken down into three areas as explained below:

  • Trading Profit

    The total profit earned from trading derivatives during the selected reporting period.

  • Trading Loss

    The total Losses from trading derivatives during the reporting period.

  • Margin Fee

    The total of all margin fees paid during the reporting period.

  • Total Net Profit

    The total profit or loss from trading derivatives during the reporting period. (Note: this number can be positive or negative. Positive if you made a profit, Negative if you made a loss.)

    Trading Profit + Trading Loss + Margin Fee = Total Net Profit

Below the summary page, you will get down to the raw data that makes up this report.

This part of the report is called the Trading PnL Events, and it will include all the data that makes up the report summary up the top. Each of these rows will describe an individual Profit or Loss taxable event that has occurred during the selected tax year.

The data for these transactions will then be broken down into five columns:

  • Currency

    The currency that was responsible for the capital gain/loss.

  • Received

    The date & time that you received the profit or loss.

  • Trade Type

    The type of transaction that caused the taxable event. This can be Realized Profit, Realized Loss or Loan Fee (Margin Fee)

  • Quantity

    The amount of the currency that was gained or lost.

  • Income

    The value of the gain or loss. Denominated in your local fiat currency.

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