Trader Toolkit · Calculator

Swap

The overnight charge or credit on a position, for a long and for a short.

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Hold it past the close of day:a little comes, or goes away.

One position, held overnight

Result

Position size

Account currency

Swap per lot, per night: long

Positive = a charge. Negative = a credit.

Swap per lot, per night: short

Positive = a charge. Negative = a credit.

Nights held

Zero for a position closed the same day.

Triple-swap nights in the period

0 if none falls inside it. Usually one in each full week.

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Long position

–

Type your platform’s swap for a long position.

Short position

–

Type your platform’s swap for a short position.

Nights held: 1
Nights charged, counting each triple night as three: 1
Long, for one ordinary night: –
Short, for one ordinary night: –
Long, for one triple-swap night: –
Short, for one triple-swap night: –

What GIO4X publishes about swap

The “Overnight swap” line of each account type, as published. The swap rates themselves are not yet published, which is why this page asks for yours.

Classic account: Applies
Premium account: Applies
ECN account: Swap-free

SimulationA calculation on the figures you entered. The rates are the ones you typed: this is not a quote of GIO4X’s swap, and a credit is not a return to rely on. Educational information, not investment advice or a recommendation to trade.

How it works

Formula

swap = rate per lot per night × lots × nights charged; nights charged = nights + 2 for each triple-swap night

With your numbers

The working appears here once every input holds a valid number.

Assumptions

GIO4X’s swap rates are not yet published on this site, so nothing is prefilled. Both rates are figures you take from your own platform, for the instrument you mean.
Here a positive number is a charge and a negative number a credit, as in the Cost Lab. Many platforms list swap the other way round, with a charge shown as a negative number: if yours does, reverse the sign as you type it.
The rate is an amount of money per lot, per night, in the account currency. A platform that quotes swap in points needs that turned into money first: points × the value of one point on one lot.
Swap rates change. The calculation applies one rate to every night, so over a long period it is an approximation of what would be applied.
Which night carries the triple charge depends on the instrument and the broker, so this page asks how many such nights fall inside the period and does not name a day.

Terms used

In plain language

The cost, or the credit, of holding a position overnight.

A leveraged position is financed. In a currency pair you are in effect holding one currency and owing the other, and each carries its own interest rate. When a position is kept open past the end of the trading day it is rolled over to the next one, and the difference between the two rates is applied to the account, together with the broker’s own margin. That adjustment is the swap.

It can be a charge or a credit. Holding the currency with the higher rate against the one with the lower can produce a credit; holding it the other way round produces a charge. Because the broker’s margin is taken on both sides, the long rate and the short rate are not mirror images of each other, and both can be charges. That is why this page asks for the two separately.

On one night of the week the swap is applied three times over. A trade in the spot market settles two business days later, so a position rolled on that night steps across the weekend, and the two days on which the market is closed are charged with it. Which night that is depends on the instrument and the broker, so the page asks only how many such nights fall inside the period.

GIO4X’s swap rates are not yet published on this site, so nothing here is prefilled: the rates are the ones your own platform shows. What is published is the “Overnight swap” line of each account type: “Applies” for Classic and Premium, and “Swap-free” for ECN.

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How it works

Formula

swap = rate per lot per night × lots × nights charged; nights charged = nights + 2 for each triple-swap night

With your numbers

The working appears here once every input holds a valid number.

Assumptions

GIO4X’s swap rates are not yet published on this site, so nothing is prefilled. Both rates are figures you take from your own platform, for the instrument you mean.

Here a positive number is a charge and a negative number a credit, as in the Cost Lab. Many platforms list swap the other way round, with a charge shown as a negative number: if yours does, reverse the sign as you type it.

The rate is an amount of money per lot, per night, in the account currency. A platform that quotes swap in points needs that turned into money first: points × the value of one point on one lot.

Swap rates change. The calculation applies one rate to every night, so over a long period it is an approximation of what would be applied.

Which night carries the triple charge depends on the instrument and the broker, so this page asks how many such nights fall inside the period and does not name a day.

Terms used