---
title: "Swap - Meaning & GFN's Figure - Get Funded Now"
description: "The financing charge or credit applied to a position held past the daily rollover. It reflects the interest rate difference between the two sides of the…"
url: "https://getfundednow.com/glossary/swap"
language: "en"
last_modified: "2026-09-22"
publisher: "Get Funded Now (getfundednow.com)"
translations:
  es: "https://getfundednow.com/es/glossary/swap"
  pt-BR: "https://getfundednow.com/pt-br/glossary/swap"
  fr: "https://getfundednow.com/fr/glossary/swap"
  it: "https://getfundednow.com/it/glossary/swap"
  de: "https://getfundednow.com/de/glossary/swap"
disclosure: "All trading at Get Funded Now is simulated. 'Funded' means a simulated or virtual account; GFN is not a broker and does not hold client funds."
---

Trading mechanics

# Swap

The financing charge or credit applied to a position held past the daily rollover. It reflects the interest rate difference between the two sides of the pair and can be positive or negative.

Also called: Rollover · Overnight financing

GFN’s figure

Swap is charged on GFN accounts where a position is held past rollover, and it reduces equity - which means it counts toward the same limits every other cost does. Holding overnight is permitted where the account and the underlying market allow.

In detail

## Swap, explained

Swap is charged once per night, and typically three times on one weekday to cover the weekend. For a position held for weeks it can become a larger cost than the spread and commission combined.

Because it is deducted from equity, swap counts against the drawdown buffer. A swing position can drift closer to a limit overnight with no market movement at all.

[The rule in full →](https://getfundednow.com/rules/overnight-and-weekend) · [Rules handbook](https://getfundednow.com/rules) · [Forex at GFN](https://getfundednow.com/instruments/forex) · [Crypto at GFN](https://getfundednow.com/instruments/crypto) · [More trading mechanics](https://getfundednow.com/glossary/category/mechanics)

Related

## Terms that come with it

Most rules only make sense next to the ones they interact with. These are the entries this one depends on.

- [Rollover time](https://getfundednow.com/glossary/rollover-time) - The point in the day when positions are rolled to the next value date and swap is applied. It is also when many platforms reset daily statistics, and spreads often widen briefly around it.
- [Commission](https://getfundednow.com/glossary/commission) - An explicit per-lot charge for executing a trade, usually quoted per side. Two sides make a round turn, so the quoted figure has to be doubled to get the cost of a completed trade.
- [Position trading](https://getfundednow.com/glossary/position-trading) - Holding trades for weeks or months on a longer-term view. Trade frequency is low, financing costs accumulate, and the account's result depends on a small number of outcomes.
- [Swing trading](https://getfundednow.com/glossary/swing-trading) - Holding positions for days or weeks to capture a larger move. It requires wider stops, which means smaller positions, and it exposes the account to overnight swap and weekend gaps.
- [Market close](https://getfundednow.com/glossary/market-close) - The end of a trading session for an instrument. Positions held through a close carry gap risk into the next open, and spreads typically widen into the final minutes as liquidity leaves.

Also governed by [/rules/overnight-and-weekend](https://getfundednow.com/rules/overnight-and-weekend)

[Liquidity](https://getfundednow.com/glossary/liquidity) · [Bitcoin CFD](https://getfundednow.com/glossary/bitcoin-cfd) · [Asian session](https://getfundednow.com/glossary/asian-session) · [Sydney session](https://getfundednow.com/glossary/sydney-session)

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Source: https://getfundednow.com/glossary/swap
Facts about Get Funded Now in one file: https://getfundednow.com/llms.txt