Long Swaps vs Short Swaps

A swap is what?

The interest (fee/commission) you either receive or pay for a trade that you leave open overnight is referred to as a swap. Swaps come in two flavors: long swaps and short swaps.

Please be aware that the swap on Wednesday is three times as much as it charges for the following weekend.

How can I look up the Swap specifications?

In the Market Watch section, right-click on a Pair.
Choose Specification

To check values for a long/short swap, scroll below.

What distinguishes a swap short from a swap long?

Swap Short is used to maintain open short positions overnight while Swap Long is used to maintain open long positions overnight.

How do I determine swaps?

One Point * Trade Size * Swap Short in Points is the formula for the swap short cost.

Example: 0.00001*100,000*6.8255 = 6.8255 Dollars for EUR/USD.

This means that if you kept 1 lot of EURUSD overnight, you would receive $6.8255 in swaps.

Since the point is the last digit in the price, one point equals 0.00001 in EURUSD.

Transaction Size is equal to Lots times 100,000 (or 100,000 for contracts).

With a sell trade on EURUSD, a swap short in points equals 6.8255.

One Point * Trade Size * Swap Long in Points is the formula for the swap long fee.

Example: 0.00001*100,000*11.44605 = -10.23506 USD for EUR/USD.

This means that if you kept 1 lot of EURUSD overnight, you would pay $10.23506 in swaps.

Since the point is the last digit in the price, one point equals 0.00001 in EURUSD.
Trade Size on a Long position in the EURUSD is equal to Lots * 100,000 (Contract Size) = 100,000 Swap Long in Points, which equals -10.23506.