2026-01-24 14:09:09

$XAUT Is it expensive to go long on gold overnight in tradfi? Have you ever played with it?

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QinglanVerdetide

· 14h ago

Since it's too expensive, I usually close my position on Friday. I lose 5 dollars every 4 hours, totaling 30 dollars a day.

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XiaoJia

· 14h ago

Dear user, hello. Since TradFi contracts are not traded 24 hours a day and have market closing times, if you hold a position when the market is closed, a swap fee will be charged based on the number of overnight days and the overnight rate. The calculation of the swap fee varies depending on the contract type and follows three different methods: 1. For contracts with swap rates expressed in basis points. Formula: Swap Fee = Position Size × Contract Quantity × Price Precision × Swap Rate × Swap Multiplier Example: Gas long position swap fee is -21.9 basis points, the user holds 1 lot, contract quantity is 42,000, minimum price precision is 0.0001, then Swap Fee = 1 × 42,000 × (-21.9) × 0.0001 = -91.98 2. For contracts with swap rates expressed in settlement currency. Formula: Swap Fee = Position Size × Swap Rate × Swap Multiplier Example: DJ30 long position swap rate is -10.4485, held for 3 days, Swap Fee = 2 × (-10.4485) × 3 = -62.691 3. For contracts with swap rates expressed as a percentage. Formula: Swap Fee = Position Size × Contract Quantity × Opposite Price × Swap Rate / 360 × Swap Multiplier Example: AAPL swap rate is -6%, holding 10 lots, contract quantity is 1, opposite price is 351.44, Swap Fee = 10 × 1 × 351.44 × (-6%) / 360 = -0.5857 Link to the TradFi Contract Fee Calculation Help Center: https://www.gate.com/zh/help/guide/register_install/47533

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