Tools · PRICE THE HOLD
Swap Rate Calculator
What does holding this overnight cost me?
Overnight financing differs by broker, instrument and direction — and triples on Wednesday. Published swap rates from five desks so you see the total before you hold.
Wednesday rolls count triple — charged nights can exceed nights held.
Swap rates change daily; figures are indicative, not a quote.
Total financing
-57.84USD
Worked example
Long 1 lot US100 at Pepperstone, 10 nights.
−57.84USD total swap
Sane: total swap under 1% of notional per month.
How this is calculatedpublished rates, converted
Formula
nightly swap = broker rate (points) × point value × lots
total = Σ nightly swaps, Wednesday counted ×3
- 01
Read the published rate
Each desk publishes a long and a short swap per instrument, in points or as an annual %. We store the latest figure from 11 brokers.
- 02
Convert to money
Multiply by the point value and your lot size, then convert into your account currency at the current cross.
- 03
Count the nights
Positions open at 22:00 GMT are charged. Wednesday's roll carries the weekend, so it counts three times.
What it doesn’t capture
- Rates change daily — the figure is indicative, not a quote
- Swap-free and Islamic accounts
- Dividend adjustments on index and stock CFDs
- Brokers that use Friday as the triple-swap day
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