Cost check
What spread, commission and swap take from each trade and a year.
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Swap calculator
Your platform shows the swap as a number of points. Turn it into money: what one night costs, what the triple night costs, and what the nights you plan to hold add up to.
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The swap
What holding costs
Holding the buy for 5 nights costs about $385.00 in swap at 1 lot. The price has to move 3.85 your way just to pay it.
- One night, one lot
- Long -$55.00, short +$20.00. A minus is a charge, a plus is paid to you.
- Your nights
- 5 nights from Monday count as 7 rollovers: Wednesday night is charged three times for the weekend, Saturday and Sunday nights not at all.
- A month held
- About -$1,650.00 for 30 nights (30 rollovers).
Each night of the week for your buy at 1 lot.
| Night | Rollovers | Swap |
|---|---|---|
| Monday night | 1 | -$55.00 |
| Tuesday night | 1 | -$55.00 |
| Wednesday night | 3 | -$165.00 |
| Thursday night | 1 | -$55.00 |
| Friday night | 1 | -$55.00 |
| Saturday night | 0 | $0.00 |
| Sunday night | 0 | $0.00 |
Brokers change swap rates often, sometimes daily; check the symbol specification on the day. A swap-free account usually charges a fixed fee instead.
Education only, not investment advice. The answer comes from the numbers you typed in, not from your account or the market. Simulated results are hypothetical and have limits: real trading has slippage, gaps, changing results and emotions. Trading leveraged products can lose money quickly, including all of it. Risk warning
Educational only, not financial advice; trading involves risk.
Why the swap is small on a day trade and large on a swing trade
A position open at the daily rollover (usually 5 pm New York time) pays or earns the interest gap between the two currencies, or the cost of financing gold or an index, plus the broker's markup. One night is rarely much. A swing trade held for weeks pays it twenty times a month, on the whole position, whether the price moves or not, and the triple night, Wednesday for most currency pairs and gold, Friday for many indices, pays for the weekend in one go.
Count the swap with the spread and commission: the cost check puts all three against what you risk on a trade, and the account type check compares raw and standard accounts.
Not advice. The answer is arithmetic on the numbers you type; your broker's statement is the final word.
Next tools
Raw or standard account?
Which account type costs you less.
Break-even of several trades
The one price where all your open trades break even.
Pricing
Three ways in. Pick yours.
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Baroq never holds your money and never trades for you. Educational only, not financial advice; trading involves risk.