Definition
The total amount of swap charges or credits incurred on your trades. Swap is typically associated with forex or CFD trading where positions are held overnight.

Formula
Total Swap = Sum of Swap on All Trades

Example
Let’s say you’ve had the following swap amounts:

• Trade 1: -$10 (swap charge)
• Trade 2: +$5 (swap credit)
• Trade 3: -$8 (swap charge)
• Trade 4: +$3 (swap credit)

Your Total Swap would be: -$10 + $5 – $8 + $3 = -$10

Key Points

• Rollover Costs/Income: Swap can be either a cost or source of income depending on interest rate differentials and whether you hold long or short positions. Tracking Total Swap helps you assess its overall impact on your profitability.