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.


You can check the swap values for different instruments in the Symbol properties window on the mobile app. 

On the desktop app right-click on a symbol in the Market Watch window and select "Specification".

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.