From Oanda today:
The Swap or Interest/Financing charges (or credit) are charged differently by OANDA in terms of them being charged by the minute rather than applying the full 24 hour at 5pm ET.
Instead, the charge or credit is applied when the trade closes and is dependent on how long the trade has been held.
If the trade is kept open, at 4pm ET the charge or credit is applied based on how long the trade has been open.
For example, if a trade is opened at 10am ET and is still open at 4pm ET, the charge or credit would be 1/4 of the full 24 hour charge because the trade has only been open for 6 hours.
If a trade is kept open for from 4pm one day to 4pm the following day, than the full swap/financing/interest charge or credit will apply at 4pm.
if a trade is opened at 10am and closed at 11am than the charge or credit will be 1/24th of the full 24 hour charge or credit.
The Swap or Interest/Financing charges (or credit) are charged differently by OANDA in terms of them being charged by the minute rather than applying the full 24 hour at 5pm ET.
Instead, the charge or credit is applied when the trade closes and is dependent on how long the trade has been held.
If the trade is kept open, at 4pm ET the charge or credit is applied based on how long the trade has been open.
For example, if a trade is opened at 10am ET and is still open at 4pm ET, the charge or credit would be 1/4 of the full 24 hour charge because the trade has only been open for 6 hours.
If a trade is kept open for from 4pm one day to 4pm the following day, than the full swap/financing/interest charge or credit will apply at 4pm.
if a trade is opened at 10am and closed at 11am than the charge or credit will be 1/24th of the full 24 hour charge or credit.