Hello,
I was wondering if the amount of interest you get (or lose) on a carry trade changes by the amount of time you hold it in one day. Is the amount different from if you brought it 1 or 2 mins before the day closed vs holding it for the full 24 hours? Thanks.
No difference with most brokers.
Maybe there is with Oanda because I think they calculate it by the second. Maybe an Oanda client will comment.
OANDA is the only one I’ve heard of calculating interest more often than daily. For most brokers, you pay/make the swap based on what you are holding at the exact time every day that it is calculated. It doesn’t matter if you bought 1 second or 23.99 hours before.