Swap Calculator
See overnight financing costs and credits in advance.
Trade details
Result
How this calculator works
A swap — also called rollover or overnight financing — is the interest paid or earned for holding a leveraged position past the daily settlement time. It reflects the interest rate differential between the two currencies in a pair, plus a broker markup.
On BRIZTRADE, swaps are applied at 22:00 GMT. Triple swaps are charged on Wednesday to account for weekend settlement. Some instruments pay positive swaps on one direction and negative on the other; a few may pay negative on both sides depending on prevailing rates.
swap = (lotSize × contractSize × swapRateBps / 10000) × directionMultiplier × nights
Use this calculator to estimate the total cost of holding a swing trade over several nights. If the swap cost exceeds your expected profit, consider a shorter holding period or a different instrument.