How much is margin interest costing me if I hold a leveraged position overnight?
Enter Your Margin Position
Your Result
Fill in the amount borrowed, your broker's rate, and how many days you'll hold it, then click Calculate.
How this is calculated
Daily interest equals your annual rate divided by 365, multiplied by the amount borrowed. Total interest for the period equals that daily figure multiplied by the number of days held.
This uses simple daily interest and does not compound. Most brokers accrue margin interest close to this way, but confirm your broker's exact compounding and billing method, since some accrue daily and post monthly.
This cost applies whether the trade wins or loses. It's a fixed carrying cost of using borrowed money, on top of any price risk on the position itself.
Margin interest rates vary by broker and by how much you borrow, and can change without notice. Use your broker's actual current published rate, not a rate from another broker or one you remember from before.
Risk & liability disclaimer: This calculator produces a mathematical estimate using simple daily interest based on the numbers you enter. It is not financial advice and does not reflect your broker's actual billing method, tiered rates, or rate changes. Trading and margin use involve risk of loss, including losses beyond your initial deposit. Trading Habits is not a broker-dealer, registered investment adviser, or tax professional, and is not affiliated with any broker, exchange, or data provider. Always verify your broker's current published margin rate before borrowing. You could lose some or all of the capital you trade with.
Borrowed Money Has a Cost Even When You Win
More Trading Tools
Related tools for understanding what leverage actually costs and where it can go wrong.