Swap (Rollover) Fee Calculator

Calculate daily, weekly, monthly, and annual swap costs for your forex positions. Identify profitable carry trade opportunities and understand the true cost of holding overnight positions.

⚙️ Calculator Settings

💰 Swap Results

Daily Swap
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Weekly Swap
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Monthly Swap
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Annual Swap
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📊 Swap Rates Reference Table

All swap rates in points per 1 lot. Positive values = credit, Negative values = cost

Currency Pair Buy (Long) Swap Sell (Short) Swap Best Strategy
EUR/USD -6.5 +1.2 Short (Sell) for Credit
GBP/USD -4.8 +0.5 Short (Sell) for Credit
USD/JPY +8.2 -12.5 Long (Buy) for Credit
AUD/USD -3.2 -1.5 Sell (Cost Lower)
NZD/USD -2.8 -1.8 Sell (Cost Lower)
USD/CAD +2.5 -6.8 Long (Buy) for Credit
USD/CHF +5.5 -9.2 Long (Buy) for Credit
EUR/GBP -4.2 +0.8 Short (Sell) for Credit
EUR/JPY +5.8 -9.5 Long (Buy) for Credit
GBP/JPY +12.5 -18.2 Long (Buy) - High Carry
XAU/USD -25.0 +8.5 Short (Sell) for High Credit

🚀 Best Carry Trade Opportunities (Annual Return at 1 Lot)

Positions where you EARN money while holding overnight. Perfect for long-term swing trades and carry trade strategies.

📚 Understanding Swap Rates & Carry Trading

What Are Swap Rates (Rollover Fees)?

A swap is the interest you earn or pay when holding a currency position overnight. When you open a forex trade and keep it open past 5 PM EST (New York close), you're holding two currencies simultaneously. The interest rate difference between those two currencies determines whether you earn or pay a swap fee.

  • Positive Swap: You EARN money for holding the position overnight (credit to your account)
  • Negative Swap: You PAY money for holding the position overnight (debit from your account)
  • Calculated: Daily at rollover based on swap points per lot and position size

Why Wednesday is Triple Swap Day

On Wednesday nights, three days of interest are charged/credited instead of one. This happens because the forex market settles trades on a T+2 basis (two business days), so Wednesday night rolls over Friday, Saturday, and Sunday. If you hold a profitable carry trade, Wednesday can be a bonus day. If you're paying swaps, it's a cost multiplier.

  • Wednesday swaps = 3x the daily rate
  • Positive swaps become bigger credits
  • Negative swaps become larger debits
  • Many traders specifically hold carry trades THROUGH Wednesday to maximize earnings

Carry Trading Strategy Explained

Carry trading is a strategy where you profit from swap rates by holding positions in currency pairs with significant interest rate differentials. You go long (buy) the currency with the higher interest rate and simultaneously short (sell) the currency with the lower interest rate.

  • Best Pairs: GBP/JPY, USD/JPY, EUR/JPY (high rate differentials)
  • Capital Efficient: You make money on swaps while waiting for favorable price movement
  • Risk Management: Set tight stops because large reversals can wipe out months of swap earnings
  • Long-Term Holding: Most effective over weeks/months, not minutes or hours
  • Wednesday Strategy: Some traders specifically add to carry positions before Wednesday to capture 3x swap credit

How Swaps Affect Your Prop Firm Challenge

Understanding swaps is critical when trading in a prop firm challenge because cumulative swap costs or credits can significantly impact your overall P&L:

  • Cost Considerations: If you're paying -6.5 points daily on EUR/USD, that's real money leaving your account daily
  • Earn Credits: Smart traders use positive-swap pairs to generate income that buffers losses
  • Long-Term Positions: Holding winners for days/weeks? Check the swaps first—some pairs punish you, others reward you
  • Challenge Rules: Most prop firms DON'T restrict carry trading, but verify your rules first
  • Monthly Impact: Over 30 days of holding a 1-lot position with -4.8 swaps (GBP/USD), you're down ~$1,440 in swaps alone
💡 Pro Tip: Use this calculator to analyze which pairs reward your trading style. If you hold positions overnight, choose pairs where swaps work FOR you, not against you. For carry traders, GBP/JPY and USD/JPY are legendary—some traders hold these for months to capture cumulative swap income.