In Forex, swap is the term used to show the interest that is received or paid for keeping a trade open overnight. 


There are 2 types of swaps depending on the position you open. 




SWAP SHORT: when you keep a short (sell) position open overnight.


This fee can be calculated by using the following formula:


One Point * Trade Size * Swap Short in Points. 


For example: EURUSD: 0.00001*100,000*5.9166= 5.9166 USD  

Explanation: you would earn $5.9166 in swaps for keeping 1 lot of EURUSD overnight. 

  • One Point = Last digit in the price.  
  • Trade Size = Lots * 100,000 (Contract Size).
  • Swap Short in Points = Sell position of the pair/instrument.




SWAP LONG: when you keep a long (buy) position open overnight.


This fee can be calculated by using the following formula:


One Point * Trade Size * Swap Long in Points.  


For example: EURUSD: 0.00001*100,000*-11.44605= -11.44605 USD

Explanation: This means you'd pay $11.44605 in swaps for keeping 1 lot of EURUSD overnight.


  • One Point = Last digit in the price.  
  • Trade Size = Lots * 100,000 (Contract Size).
  • Swap Short in Points = Buy position of the pair/instrument.



Please note that the 3x swap charge day can vary. You will need to go to the specifications section of that particular pair to see when this is charged.