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The overnight interest (swap) refers to the holding cost incurred when a position opened on the same trading day remains open past 5:00AM the following day (6:00AM during daylight saving time).

Overnight interest is calculated based on the closing price of the day, the number of overnight days, the applicable overnight interest rate, and the lot size of the position.

The applicable overnight interest rate varies depending on the position direction:

Buy positions: 1.25%

Sell positions: 0.75%