Calculate overnight holding costs. Know exactly what you pay (or earn) for keeping positions open past 5pm EST. Includes triple swap on Wednesdays.
Swap (rollover) is the interest you pay or earn for holding a forex position overnight. It is the difference between the two currencies' interest rates, adjusted by your broker.
Swap = Lot Size x Contract Size x Swap Rate in Points x Pip Value
1 point = 0.00001 for most pairs, 0.001 for JPY pairs. On Wednesdays, swap is typically tripled to account for the weekend (3-day rollover). Long positions with negative swap pay interest; short positions with positive swap earn interest (carry trade).
Live broker swap rates, real-time P&L with swap included, sub-50ms data feed
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