The calculation formula of overnight interest is: closing price of the day * contract unit * number of lots * interest rate *( 1/360)= overnight interest, the trading order overnight rate for buying up and opening positions is 1.25%, and that for buying down and opening positions is 0.75%.
When the interest of spot crude oil positions is settled on the same day (every Tuesday to Saturday at 4 am), all open contracts will be automatically transferred to the next day. For all open contracts transferred to the next day, customers need to pay inventory fees.
Calculation method of overnight interest of spot crude oil positions: overnight interest will be generated when the position is opened on the same day, and overnight interest will be generated when the position is held until the next day. Overnight interest will be paid according to the closing price of the day, the corresponding interest rate and the number of overnight days. The calculation formula of overnight interest is: closing price of the day * contract unit * number of lots * interest rate *( 1/360)= overnight interest, and buy up and open positions.