In contrast to the HDR image processing algorithm, the computation complexity of HDR video processing algorithm make the hardware implementation consume much more logics and storage resources, which poses an enormous obstacle for the existing algorithms to achieve real-time processing. As a consequence, a new algorithm for real-time hardware implementation is demanded. In this paper, we propose a fully pipelined hardware system processing HDR video in real-time, which takes advantage of parallel configurable characteristics of FPGA. Our system obtains a series of low dynamic range (LDR) images adopting varying exposure time algorithm and places their camera response curves in the FPGA look-up table (LUT). Then the translated float data is stored in the BRAM or FIFO modules in parallel pipeline. Finally, the image is displayed in the device by adopting rapid global Tone Mapping algorithm. The entire HDR video processing system is realized in Xilinx Kintex-7 FPGA board. Results show that the processing efficiency can reach 65 f/s for the 1 920×1 080 resolution video when the system clock rate is 120 MHz, which is sufficient for the real-time processing requirements.