Help CenterWhat are Swap Fees?
A swap fee, also known as an overnight fee, is interest that you receive or pay for holding a position overnight. When you roll a position over to the next working day, youâll incur a positive swap, where you earn interest from the contract, or a negative swap, where you incur interest from the contract. The amount you receive or pay depends on the instrument you are trading and how long your position is open.
How can I Look up the Swap Specifications?
Liquid Charts Regular
In the watchlist section, right-click on the chosen symbol > choose 'Instrument Info'.
To check values for a long/short swap, see 'Overnight Rate' (displayed in pips) on the right-hand side.
MetaTrader 5
Go to the Market Watch section.
Right-click on a chosen symbol (e.g., EURUSD) and select Specification.
Scroll down to see the Long Swap and Short Swap values (displayed in points).
What Distinguishes a Swap Short From a Swap Long?
Swap Short is used to calculate the swap rate for leaving shortđpositions open overnight, while Swap Long is used to calculate the rate for keeping longđpositions open overnight.
How can I Determine Swap Amounts?
The formula used to calculate swap is the following:
Swap = (pip value) x (swap rate*) x (number of nights)
* The swap rate has to be in Pips. When you get this information from LiquidCharts it is already shown in Pips, but from MetaTrader it is shown in points, so you would have to multiply this value by 10 to get the value in Pips.
To calculate the Pip Value, please use the following formula:Contract Size x Lot Size x Pip Size
For example, a long trade of 1 lot on EURUSD, with a swap rate value of -0.68600 (displayed in Pips), would be calculated as follows:
| Symbol | Pip Value | Swap Rate (Long) | Number of Nights |
| EURUSD | USD 10 | -0.68600 | 1 |
Swap = 10 x -0.68600 x 1 = -$6.86
â ď¸Important: Depending on the symbol, one weekday will have a triple charge rate to account for the upcoming weekend. This adjusted rate will be automatically reflected in the instrument's info, ensuring users can always view the accurate charges.
Related FAQs
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- Available Instruments and Specifications
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