Source: https://mochatrade.com/learn/glossary/overnight-financing-swap-fee

# Overnight financing / swap fee
URL: https://mochatrade.com/learn/glossary/overnight-financing-swap-fee
Last modified: 2026-10-17

Overnight financing, or a swap fee, is the daily interest a broker charges for holding a leveraged position past the session close, paid to the broker. On a perpetual the equivalent is [funding, paid between traders](https://mochatrade.com/support/mochatrade-trading-fees-and-funding-rates-explained) and received as often as paid; [one stamp landing](https://mochatrade.com/learn/start-here/nvidia-trade-walkthrough) shows it.

## Related terms

- Margin interest: https://mochatrade.com/learn/glossary/margin-interest
- Margin trading: https://mochatrade.com/learn/glossary/margin-trading
- Notional value: https://mochatrade.com/learn/glossary/notional-value
- Cost of carry: https://mochatrade.com/learn/glossary/cost-of-carry
- Perpetual futures: https://mochatrade.com/learn/glossary/perpetual-futures
- Funding rate: https://mochatrade.com/learn/glossary/funding-rate

Educational content only. Not investment advice. Leveraged products magnify losses as well as gains.