Forex Swap Calculator - Overnight Rollover Costs & Carry Trade Analysis
Calculate overnight swap (rollover) costs for holding forex positions. Compare swap rates across brokers and plan your carry trades.
Swap / Rollover Calculator
π‘ Why Use This Swap/Rollover Calculator?
Holding forex positions overnight incurs or earns swap rates based on interest rate differentials between the two currencies. Carry traders deliberately earn positive swap by being long high-yield vs low-yield pairs (e.g., AUD/JPY). Calculate your exact overnight cost or income before holding positions.
Pro Tip: Wednesday swaps are triple-charged (Friday/Saturday/Sunday) - holding positions into Wednesday night triples your swap cost. Time trades around this if swap costs are significant.
Frequently Asked Questions
What is swap/rollover in forex trading?βΊ
Swap = daily interest rate differential between two currencies applied to your position. Long AUD/JPY earns positive swap (AUD rates > JPY rates). Long EUR/USD typically costs negative swap (USD rates > EUR rates in 2026).
Which forex pairs pay positive swap (carry trade) in 2026?βΊ
Traditionally: long AUD/JPY, NZD/JPY, GBP/JPY for positive carry. In 2026, with Fed rates elevated, USD pairs vs low-rate currencies (EUR, CHF, JPY) on the short side can also earn carry. Always verify current rates with your broker.
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