- In points (Forex/metal/commodities)
Swap = (Swap rate * Lot size * Contract size * 1 base point * Number of nights)
For example:
Swap Short = 2.17 * 1 lot * 100 000 * 0.00001 * 1 day = 2.17 USD
Swap Long = -5.45 * 1 lot * 100 000 * 0.00001 * 1 day = -5.45 USD - In percentage (Share)
Swap = (Swap rate ÷ 100) ÷ 360 * Quote * Lot size * Contract size * Number of nights
For example :
Swap Short = (-3.5/100) ÷ 360 * 235.82 * 1 * 1 = -0.02 USD
Swap Long = (-6.88/100) ÷ 360 * 235.94 * 1 * 1 = -0.05 USD
- In currency (Index)
Swap= Swap rate * Lot size * Number of nights * Exchange rate
For example :
Swap Short = 1 * 1 * 1 = 1 USD
Swap Long = -11.3195 * 1 * 1 = -11.32 USD