Why is Wednesday's swap triple?

On Wednesdays brokers apply a 3× swap to account for weekend settlement when markets are closed.

Can swap be positive?

Yes — when you hold a position in the higher-interest currency you earn carry. This is the basis of carry trades.

When is the swap charged?

Most brokers charge swap at 5pm New York time, which marks the end of the trading day.

Does swap apply to all instruments?

Yes — forex, metals, indices, crypto CFDs and stocks all have overnight financing. Rates differ widely by instrument.

What is a swap-free account?

Islamic-compliant accounts charge no swap. Brokers usually compensate via wider spreads or admin fees on long holds.

How can I avoid swap entirely?

Close positions before the daily rollover or use a swap-free account. Day traders rarely pay swap.

Does leverage affect swap?

No. Swap is calculated on the full notional position size, regardless of how much margin you posted.

What's the carry trade?

Buying the higher-yield currency and shorting the lower-yield one to earn the interest differential. It works best in low-volatility regimes.

Why are crypto swaps so high?

Funding rates on perpetual crypto CFDs reflect borrowing costs and demand imbalance — sometimes 10%+ annualized.

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Pricing Tool

Swap Calculator

Estimate overnight swap fees for long or short positions held across multiple nights. Includes typical rollover sample values.

Swap Inputs

Currency pair

Lot size

lots

Number of nights

Swap long (per lot/night)

USD

Estimated swap cost

-$9.60

Per night

-$3.20

How this calculator works

Brokers publish swap rates per lot per night, separately for long and short positions. The calculator multiplies that rate by your lot size and number of nights.

Trading example

Holding 1 lot of EUR/USD long for 3 nights at -$3.20/night ≈ -$9.60 in swap fees.

Best Brokers For This Tool

Hand-picked brokers offering the best conditions for this calculation.

Best Overall

Pepperstone

4.9

From

0.5 pips

Commission: $3.5/lot
Leverage: 1:500

Open Account

Best for Beginners

Octa

4.7

From

0.6 pips

Commission: $0/lot
Leverage: 1:1000

Open Account

Most Regulated

AvaTrade

4.7

From

0.9 pips

Commission: $0/lot
Leverage: 1:400

Open Account

Frequently Asked Questions

A swap (or rollover) is interest paid or earned for holding a leveraged position overnight, derived from the difference between the two currencies' interest rates.

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