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Doo Prime: How is the swap or inventory fee calculated for a currency pair?
Source:https://www.dooprimehelp.com/en/trading-products/forex/forex-overnight-interest-storage-fee/ | Author:finance-102 | Date2023-02-15 | 275 Views | Share:
All currency pairs provided by Doo Prime are based on the spread mode to calculate the overnight interest. The calculation formula is as follows:

Swap Interest = Lot Size * Long or Short Swap Interest * Last Quote Point Value * Trading Days

All currency pairs provided by Doo Prime are based on the spread mode to calculate the overnight interest. The calculation formula is as follows:


  • Swap Interest = Lot Size * Long or Short Swap Interest * Last Quote Point Value * Trading Days

    Indirect bidding method:

    For example, if you hold 1 lot of EUR/USD and hold the position overnight for one day, the formula for calculating the overnight interest is as follows:


  • Lot size (1) * long overnight interest * (-3.52) * last tick value (1) * trading days (1) = -3.52

    Direct bidding method:

    For example, if you hold 1 lot of USD/CAD and hold the position overnight for one day, the formula for calculating the overnight interest is as follows:


  • Lot size (1) * long overnight interest * (-2.50) * last quote point value (1) / USD/CAD exchange rate * (1.30000) * trading days (1) = -1.92

    (*Note: The overnight interest data is updated at 19:00 Beijing time every day; due to real-time changes in the exchange rate against the US dollar, the displayed results are for reference only, and may differ from the actual interest charged)


You can find more details in the product specification of MetaTrader 4 or Doo Prime official website - Overnight interest.