Overnight Swap Has Two Sides Too: Long and Short · FxPro Qatar
A swap (or rollover) is the interest debited or credited when you hold a leveraged position overnight.
Open FxPro Account →Two numbers appear for every instrument here as well, a long figure and a short figure, but they are not the two ends of a distance the way a quote's two prices are. Neither of them is a price anyone deals at, nobody crosses from one to the other, and only the one matching the direction you are holding is ever applied to your position. They are charged on positions that survive the daily rollover, they are set per instrument and per direction, and Wednesday nights are usually charged triple to cover the weekend value date. That makes this the one figure on the site that describes duration rather than an instant, and it is why nothing about how tightly an instrument is quoted tells you what it costs to keep.
Measured swap rates (Raw+)
| Instrument | Long — per lot / night | Short — per lot / night | Long carry / yr | Short carry / yr |
|---|---|---|---|---|
| EUR/USD | −$8.90 (-8.9 pts) | +$1.90 (1.9 pts) | −2.82% | +0.6% |
| GBP/USD | −$3.10 (-3.1 pts) | −$4.20 (-4.2 pts) | −0.84% | −1.14% |
| AUD/USD | −$1.95 (-1.95 pts) | −$2.90 (-2.9 pts) | −1% | −1.48% |
| USD/CAD | +$1.62 (2.25 pts) | −$5.82 (-8.1 pts) | +0.59% | −2.12% |
| USD/JPY | +$4.46 (6.9 pts) | −$18.06 (-27.95 pts) | +1.63% | −6.59% |
| XAU/USD (Gold) | −$67.90 (-67.9 pts) | +$27.00 (27 pts) | −5.79% | +2.3% |
What you are debited (−) or credited (+) per standard lot held past the daily rollover, measured on FxPro’s own MT5 Raw+ feed (with the raw points in brackets). A negative number costs you to hold; a positive one pays you. Triple swap is applied on Wednesday night to cover the weekend value date. Carry / yr is the annualised swap yield (swap × 365 ÷ notional at the live price) — a rough guide to what holding the position costs or earns over a year, shown where we have a live price. Last read 2026-09-15.
What it really costs to hold a position (measured)
| Instrument | Long 1d | Long 1w | Long 1mo | Short 1d | Short 1w | Short 1mo |
|---|---|---|---|---|---|---|
| EUR/USD | $17.90 | $71.30 | $276.00 | $7.10 | −$4.30 | −$48.00 |
| GBP/USD | $16.10 | $34.70 | $106.00 | $17.20 | $42.40 | $139.00 |
| AUD/USD | $12.95 | $24.65 | $69.50 | $13.90 | $31.30 | $98.00 |
| USD/CAD | $8.25 | −$1.47 | −$38.73 | $15.69 | $50.61 | $184.47 |
| USD/JPY | $4.48 | −$22.28 | −$124.86 | $27.00 | $135.36 | $550.74 |
| XAU/USD (Gold) | $89.90 | $497.30 | $2,059.00 | −$5.00 | −$167.00 | −$788.00 |
Total net cost to hold one standard lot over time — the spread plus accumulated swap. A positive figure is what it costs you; a negative one means you come out ahead (positive carry). For example, holding EUR/USD long for a month costs about $276, while a EUR/USD short earns about $48. Based on measured spreads and current swaps — rates vary.
Swap at a glance
- Charged only on positions held past the daily rollover (around server 00:00)
- Rate depends on the instrument and whether you are long or short
- Triple swap on Wednesday nights (covers the weekend value date)
- Swap-free (Islamic) accounts hold no swap for eligible clients
- See the exact long and short swap per instrument inside your platform
Avoiding swaps
If you hold positions overnight regularly, a swap-free (Islamic) account may avoid swap interest for eligible clients. Check live swap rates inside your platform before holding overnight.
Open FxPro Account →Two figures side by side that are not the ends of a gap
On a live quote, two numbers exist at the same instant and the space between them is a real quantity: you meet it when you deal, and it is measured in the units the instrument is quoted in. In the overnight table two numbers also stand side by side, and the space between them is not a quantity anyone meets. No order is filled at either of them, nothing crosses from one to the other, and holding a position does not place you somewhere between them. Each figure is a rate waiting for a position that already has a direction, and on any given night exactly one of them has anything to do with you.
The distinction matters because the two-price habit does not carry over. On a quote, a pair of numbers is one market described from both ends. Here, a pair of numbers is two separate terms of holding published for the same instrument, and reading the second the way you read the first produces a question with no answer: how wide is the swap. It has no width. It has a value, a direction it belongs to and a moment it is applied, and those are the three things worth reading off the row.
An instant has a distance, a night has a rate
Everything the entry side of this site measures exists at a moment. It can be read off a screen and it is a different number a second later. The overnight figure is the opposite kind of number: it does not exist at any instant at all. There is no moment in the session at which you could look at the market and see it, because it is not a property of the market's two prices — it is applied to a position when a boundary is crossed, and between those boundaries it is not there to be observed.
That is also why the two halves of a trade's cost cannot be put on the same scale. The entry side is settled in the second the position exists and is never revisited. The overnight side has no such second: it is re-applied for as long as the position lasts, and how many times that happens is not decided by the market at all. One half is a distance that was crossed; the other is a rate that keeps arriving, per lot, on a schedule.
What the overnight line does not know
The figure applied at the rollover knows the instrument, the direction held and the size in lots. It does not know what price the position was opened at, whether it is ahead or behind, or how far apart the two prices stood at the moment it was opened. A position entered on a wide quote and the same position entered on a narrow one meet exactly the same overnight figure, because the overnight figure was never looking at the quote.
The consequence is that the two halves of the bill never offset each other, in either direction. A costly crossing does not make the nights cheaper and a narrow one does not earn anything back later. They are two independent accounts kept against the same position, settled by different rules at different moments, and a decision to keep a position open is therefore a separate decision from the one that opened it, taken on information that was not available when the order went in.
Two pairs of numbers, two different relationships
| The question | On the live quote | In the overnight table |
|---|---|---|
| What the two numbers are | Two prices available at the same instant | Two rates published for the same instrument |
| What the space between them means | A distance you meet when you deal | Nothing: no order and no position sits between them |
| How many of them reach you | One at each end of the position | One, the one matching the direction held |
| When it is settled | In the second the order is executed | At the daily rollover, for as long as the position lasts |
| What decides it | The market for that symbol at that second | The terms of the instrument and the direction held |
Being published in pairs is what the two tables have in common. The relationship between the members of the pair is not shared at all.
Frequently asked questions
Are the long and short figures the two ends of a spread?
If an instrument is quoted tightly, is it cheap to hold overnight?
Which of the two figures applies to my position?
Does the overnight charge depend on the price I entered at?
Is the swap part of the price my order was filled at?
When is nothing charged at all?
Can overnight interest be avoided entirely?
What traders report
Swing and position traders are the ones who notice FxPro's swaps. Several say overnight charges are lower than on brokers they've used before, and that a swap-free Islamic account avoids swap interest for eligible clients.
FxPro doesn't charge high swap commissions. I've been holding short positions on gbpusd and eurusd since november.
I'm a swing trader, so for me the spreads is just nice and acceptable with 0 commission, they offer Islamic swap free.