Overnight funding and interest payments

[AlexB_21]

hi there, 

When going long or shorting on ig spread betting account do you pay overnight funding on everything you buy. 

Which are the cheapest to hold short term/ long term etc?

What does it mean if it has an expiry date compared to no expiry date?

Thanks 

[OfentseIG]

On 01/05/2023 at 11:47, AlexB_21 said:

hi there, 

When going long or shorting on ig spread betting account do you pay overnight funding on everything you buy. 

Which are the cheapest to hold short term/ long term etc?

What does it mean if it has an expiry date compared to no expiry date?

Thanks 

Hi @AlexB_21

If you are trading the Spot contract, whether long or short, you either receive or pay interest. Have a look at our overnight funding link. 

However, if you are trading Forwards or Futures contracts, the interest is already incorporated in the price. That means you won't be charged daily interest as the contract price already includes overnight funding/interest. 

All the best, OfentseIG