Overnight swap

USD/JPY swap rates, 85 brokers compared

Holding one lot of USD/JPY overnight earns you $6.96 at CPT Markets, and costs $84.96 at InstaForex — a gap of $91.92 a night, or $33,549 over a year on a position you never close.

Best broker tonightCPT Markets

Best swap+$6.96

Worst swap−$84.96

Brokers quoting85

Every broker's USD/JPY swap, per lot per night

#	Broker	Regulator	Long	Short	Best side
1	CPT Markets	Regulated	+$6.96	−$9.03	+$6.96 long
2	GO Markets	Regulated	+$6.51	−$12.04	+$6.51 long
3	YCM-Invest	Regulated	+$6.26	−$9.19	+$6.26 long
4	Swissquote Bank	Regulated	+$6.14	−$9.30	+$6.14 long
5	Dukascopy	Regulated	+$6.14	−$9.16	+$6.14 long
6	FP Markets	Regulated	+$6.00	−$11.94	+$6.00 long
7	Scope Markets	Regulated	+$5.75	−$9.64	+$5.75 long
8	Pacific Financial Derivatives (PFD)	Regulated	+$5.73	−$18.88	+$5.73 long
9	AMarkets	Offshore	+$5.47	−$17.68	+$5.47 long
10	Tickmill	Regulated	+$5.29	−$8.79	+$5.29 long
11	Advanced Markets	Regulated	+$5.22	−$10.26	+$5.22 long
12	ZERO Markets	Regulated	+$5.16	−$12.27	+$5.16 long
13	IC	Regulated	+$5.15	−$10.69	+$5.15 long
14	OneRoyal	Regulated	+$5.10	−$10.38	+$5.10 long
15	Headway	Regulated	+$5.07	−$20.26	+$5.07 long
16	TopFX	Regulated	+$5.03	−$12.40	+$5.03 long
17	Tio Markets	Regulated	+$4.91	−$11.49	+$4.91 long
18	FXTRADING.com	Regulated	+$4.87	−$8.72	+$4.87 long
19	HYCM	Undisclosed	+$4.79	−$13.01	+$4.79 long
20	Darwinex	Regulated	+$4.59	−$10.82	+$4.59 long
21	Born2trade	Offshore	+$4.56	−$16.68	+$4.56 long
22	ActivTrades	Regulated	+$4.53	−$10.76	+$4.53 long
23	GBE brokers	Regulated	+$4.46	−$11.76	+$4.46 long
24	ATFX	Regulated	+$4.44	−$11.42	+$4.44 long
25	FxPro	Regulated	+$4.34	−$17.59	+$4.34 long
26	CXM	Regulated	+$4.30	−$9.76	+$4.30 long
27	IronFX	Regulated	+$4.25	−$12.55	+$4.25 long
28	T4Trade	Offshore	+$4.25	−$12.55	+$4.25 long
29	Xlence	Undisclosed	+$4.25	−$12.55	+$4.25 long
30	PU Prime	Regulated	+$4.24	−$13.54	+$4.24 long
31	STARTRADER	Regulated	+$4.13	−$13.72	+$4.13 long
32	Ultima Markets	Regulated	+$4.13	−$13.72	+$4.13 long
33	VT Markets	Regulated	+$4.13	−$13.72	+$4.13 long
34	FXOpen Markets Limited	Regulated	+$4.08	−$12.64	+$4.08 long
35	Fusion Markets	Regulated	+$4.00	−$10.32	+$4.00 long
36	Errante	Regulated	+$3.94	−$14.25	+$3.94 long
37	Markets4you	Offshore	+$3.85	−$10.94	+$3.85 long
38	TradeTech Markets	Undisclosed	+$3.77	−$24.30	+$3.77 long
39	DNA Markets	Undisclosed	+$3.76	−$11.23	+$3.76 long
40	Eightcap	Regulated	+$3.76	−$11.23	+$3.76 long
41	Anzo Capital	Regulated	+$3.75	−$10.67	+$3.75 long
42	OQtima	Regulated	+$3.75	−$10.67	+$3.75 long
43	TMGM	Regulated	+$3.75	−$10.67	+$3.75 long
44	Radex Markets	Offshore	+$3.74	−$12.93	+$3.74 long
45	Global Prime	Regulated	+$3.67	−$10.77	+$3.67 long
46	Trader's Way	Offshore	+$3.58	−$14.51	+$3.58 long
47	Capital.com	Regulated	+$3.57	−$11.81	+$3.57 long
48	Afterprime	Regulated	+$3.54	−$11.54	+$3.54 long
49	LHFX	Regulated	+$3.50	−$14.09	+$3.50 long
50	MH Markets	Regulated	+$3.37	−$5.76	+$3.37 long
51	OEXN	Regulated	+$3.37	−$10.55	+$3.37 long
52	Blueberry	Regulated	+$3.33	−$11.26	+$3.33 long
53	MultiBank Group	Regulated	+$3.30	−$9.67	+$3.30 long
54	EBC Financial Group	Regulated	+$3.25	−$10.03	+$3.25 long
55	TitanFX	Offshore	+$3.25	−$10.04	+$3.25 long
56	M4Markets	Regulated	+$3.23	−$16.06	+$3.23 long
57	FXCC	Regulated	+$3.20	−$13.01	+$3.20 long
58	Spec Markets	Regulated	+$3.18	−$10.71	+$3.18 long
59	Deriv	Regulated	+$3.15	−$8.75	+$3.15 long
60	Exclusive Markets	Offshore	+$3.15	−$15.20	+$3.15 long
61	Tradeview Markets	Regulated	+$2.83	−$12.59	+$2.83 long
62	AvaTrade	Regulated	+$2.69	−$11.97	+$2.69 long
63	FBS	Regulated	+$2.55	−$15.55	+$2.55 long
64	RannForex	Offshore	+$2.51	−$12.64	+$2.51 long
65	D Prime	Offshore	+$2.50	−$11.38	+$2.50 long
66	xChief	Regulated	+$2.20	−$14.22	+$2.20 long
67	LiteForex	Regulated	+$2.15	−$19.15	+$2.15 long
68	Pepperstone	Regulated	+$1.90	−$9.89	+$1.90 long
69	Taurex	Regulated	+$1.75	−$9.55	+$1.75 long
70	Just2Trade	Regulated	+$1.47	−$12.11	+$1.47 long
71	XM Group	Regulated	+$1.33	−$18.62	+$1.33 long
72	PrimeXBT	Regulated	+$1.13	−$4.98	+$1.13 long
73	VARIANSE	Regulated	+$1.06	−$4.42	+$1.06 long
74	Alpari	Offshore	+$0.56	−$15.74	+$0.56 long
75	FXTM	Regulated	+$0.56	−$15.74	+$0.56 long
76	NCE	Offshore	−$2.35	+$0.32	+$0.32 short
77	EXNESS	Regulated	+$0.00	−$8.62	+$0.00 long
78	YWO	Regulated	+$0.00	−$5.73	+$0.00 long
79	IFC Markets	Regulated	−$0.55	−$15.86	−$0.55 long
80	ELEV8	Offshore	−$0.69	−$2.33	−$0.69 long
81	Kitco Markets	Undisclosed	−$1.19	−$1.99	−$1.19 long
82	TradeQuo	Regulated	−$1.38	−$15.88	−$1.38 long
83	LMAX Group	Undisclosed	−$2.74	−$18.23	−$2.74 long
84	Otet Markets	Offshore	−$7.62	−$16.22	−$7.62 long
85	InstaForex	Regulated	−$84.96	−$141.59	−$84.96 long

What it costs to open a USD/JPY trade

Spread and commission are paid once, when you enter — separate from the nightly swap above. Cheapest round turn: TitanFX at $1.26 on one lot.

Broker	Spread	Commission	Round turn
TitanFX	0.2 pips	none	$1.26
FXCC	0.3 pips	none	$1.89
Dukascopy	0.3 pips	none	$1.89
YWO	0.5 pips	none	$3.15
ActivTrades	0.6 pips	none	$3.78
PrimeXBT	0.8 pips	none	$5.03
Born2trade	0.1 pips	$2.50/side	$5.63
ZERO Markets	0.1 pips	$2.50/side	$5.63
TopFX	0.1 pips	$2.75/side	$6.13
GO Markets	0.2 pips	$2.50/side	$6.26
Tickmill	0.4 pips	$2.00/side	$6.52
Just2Trade	0.6 pips	$1.50/side	$6.78
FP Markets	0.3 pips	$2.50/side	$6.89
TradeQuo	1.1 pips	none	$6.92
Alpari	0.6 pips	$1.60/side	$6.98
Spec Markets	0.1 pips	$3.50/side	$7.63
Headway	0.9 pips	$1.50/side	$8.66
Errante	0.6 pips	$2.50/side	$8.78
Blueberry	0.3 pips	$3.50/side	$8.89
STARTRADER	0.3 pips	$3.50/side	$8.89
ATFX	1.5 pips	none	$9.44
XM Group	0.1 pips	$5.00/side	$10.63
FxPro	0.7 pips	$3.50/side	$11.41
CPT Markets	1.9 pips	none	$11.96
EBC Financial Group	0.1 pips	$6.00/side	$12.63
LHFX	1.7 pips	$3.00/side	$16.70
VT Markets	1.8 pips	$3.00/side	$17.33
PU Prime	2.1 pips	$2.50/side	$18.22
ELEV8	5.0 pips	none	$31.47
NCE	7.4 pips	none	$46.57

Questions

What is the swap rate on USD/JPY?

Tonight it ranges from +$6.96 at CPT Markets to −$84.96 at InstaForex, per standard lot held overnight. A positive figure means the broker pays you to hold; a negative one means it charges you. Swaps are set by each broker and change daily.

Which broker has the best USD/JPY swap?

CPT Markets, at +$6.96 per lot on the long side, out of the 85 brokers quoting USD/JPY today.

When is the USD/JPY swap charged?

At 17:00 New York time, which is 21:00 or 22:00 UTC depending on US daylight saving. Positions held through that moment are charged; positions opened and closed the same day are not. Wednesday is usually charged triple, to cover the weekend.

How much does holding USD/JPY cost over a year?

On one lot at the current rate, +$2,540 at CPT Markets against −$31,009 at InstaForex — a $33,549 difference for the same trade.

Other pairs

Open USD/JPY in the live comparison tool →

Figures from the snapshot taken 2026-08-24 20:25 UTC.