Exness Swap Rates — What the Number Says About the Instrument (United Arab Emirates)

Swap rates per instrument ($ per lot, per night)

Sign first, size second: negative means the amount is charged, positive means it is credited, $0.00 means that side carries no charge at all. A pair of signs describes the contract — one of each is the ordinary shape of an exchange between two things that earn differently, while two of the same sign says the adjustment applied over that difference is what decides the line. On the triple-swap day the amount is applied three times; energies (US Oil, UK Oil) have no triple-swap day and the amount is simply applied each night.

How the two sides of one instrument line up

Example from the measured rates: holding one lot of gold long costs about $53.16 per night — roughly $2,126.40 over 30 nights once triple-swap days are counted. The same position held short carries $0.00 in swap. Direction matters as much as the instrument.

Read the two sides across rather than down: an instrument whose sides are near mirror images is describing a different contract from one charged on both, and that difference is the part that carries over to another instrument. One week counts 7 nights including one triple-swap night (9 charge units); energies, which have no triple-swap day, count 7 nightly charges. Instruments with no charge on either side are omitted. The figures move with interest rates and market conditions, and the platform shows the current one before an order is placed.

Where the figure originates

A position in a currency pair is a claim on one thing set against an obligation in another, and the two do not earn at the same rate. The overnight line exists to settle that difference, which is why it exists at all on instruments nobody intends to hold and why it cannot be switched off by trading differently.

On instruments that are not currency pairs the same logic is applied to a different pair of objects: the position is priced as an exposure carried rather than owned, so the line follows the financing of what sits underneath the contract. The mechanism is identical even where the two sides of the exchange are harder to name.

On top of that difference an adjustment is applied in both directions. It is the reason a figure read from a specification is not the raw difference between two rates, and the reason the two sides of one instrument are rarely mirror images of each other.

What the pair of signs is telling you

Read the two sides against each other before reading either one on its own. One side charged and the other credited says the difference inside the contract is wide enough to survive the adjustment applied over it, and that the direction of that gap is fixed by the instrument rather than chosen by the position.

Both sides charged says the opposite: the difference is narrow relative to the adjustment, so the line points the same way whichever direction the position takes. Neither side charged says the contract is financed some other way, or that the two rates sit level — the specification is being read, and specifications are revised.

None of these shapes says anything about the account. The same instrument shows the same shape to every account reading it, which is exactly what makes the shape usable for comparing two instruments with each other; swap-free status, where it applies, removes the line rather than changing what it says.

Reading two instruments against each other

Comparisons between instruments hold on the shape of the pair. The size of either side is read from the table above, which is measured rather than argued.

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