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daily commodities interest funding charge US Crude spot



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21 hours ago, chocomonster said:

Can someone explain why daily funding charge so high only in for 0.25p per point and paying over £3 a day charge.

Thanks for your post. 

The reason the overnight funding has increased is because the pricing on the two futures contracts has widened. The way we price the cash is moving the price from the closes future to the one further away. The overnight funding is an adjustment plus IGs 2.5% admin fee. We have not increased our fee the rest is simply the adjustment. 

You may find this page useful for a more in depth explaination: 

All the best 

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is there a way how to calculate the interest for 1day Oil? This is what I see on my statement:


And I have 5long positions:


The total amount is then around USD150k, correct? 5% margin. Paying USD654 of interests per day from around USD142k seems very very odd.

Thank you,


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