PRACTICAL GUIDE
Explained concepts, worked cases and practice to test your understanding. Numerical examples are hypothetical; replace assumptions with your instrument specifications.
The essentials
Holding a position may create a charge or credit depending on instrument, direction, entity and contract. Calculation can use points, percentages or money per volume. Multiple-adjustment days depend on the product and should not be assumed universal.
Understand the mechanism, not just the definition
Funding depends on instrument, direction and crossing the server’s rollover cutoff. Rates may use points, currency or another basis. Multiplied days and holidays can change charges; do not generalize schedules. A swap-free account may carry conditions or alternative fees that remain part of total cost.
Example and verification
Hypothetical example: a charge of 2 currency units per night for three nights totals 6 if the rate is unchanged and no multiplier applies. If a night uses a different adjustment, reconstruct the calendar instead of automatically multiplying by three.
Worked case, step by step
At a hypothetical USD 2 per lot per night, 0.50 lot costs USD 1 on an ordinary night and USD 3 at a threefold multiplier. Two ordinary nights plus one triple night total USD 5. A rate quoted in points must first be monetized using the specification: two points are not two dollars.
What to verify when applying this
Check buy and sell rates, application time, holidays and changes. Swap-free accounts may carry restrictions or alternative charges; request those terms. Compare the full holding period, not just the opening commission.
Practice: verify it in your environment
Learn by observing the process and keeping its data. Complete this practice in demo or using documentation, without sending real orders or adding capital for the exercise. Record differences between the example and your account specifications.
- Record the swap unit, direction, cutoff time and multipliers.
- Check compatible demo history and distinguish expected rates from recorded charges.
Test your understanding
Try the question before revealing the answer. Justify the conclusion and its assumptions rather than memorizing a number.
Does closing before rollover remove all costs?
Reveal the explained answer
No. It may avoid that funding charge under its rules, but spread, commission and other applicable costs remain.
Sources for further learning
Consult original documentation to check units, features and terms. Your account specifications take precedence over examples in this guide.
