Gate Metal Contract Overnight Fee Complete Analysis: Calculation Rules, Fee Rate Mechanism, and Real Cost Examples

When trading precious metal contracts on Gate, in addition to monitoring the price fluctuations of gold (XAU) and silver (XAG), the overnight fee (also known as swap fee or rollover fee) is a key factor affecting medium- to long-term holding costs. Unlike the funding rates of crypto perpetual contracts, Gate TradFi contracts’ overnight fees follow traditional financial market rules. This article will explain the logic and calculation method of overnight fees for Gate metal contracts based on Gate’s latest mechanism.

What is the overnight fee for precious metal contracts?

In the Gate Precious Metals section, the overnight fee refers to the interest differential that traders must pay or receive when holding a CFD position beyond a certain time point. Since precious metals are traditional financial assets, their pricing involves different interest rates (such as borrowing costs for USD and gold), so holding a position overnight incurs corresponding costs.

This mechanism applies only to Gate TradFi contracts for precious metals (such as XAU/USD, XAG/USD), and is different from the funding rate mechanism in Gate Alpha metals or perpetual contracts, which typically do not have overnight interest but do have funding rates.

When is the overnight fee charged and in what scenarios?

On the Gate platform, not all positions incur fees. Only in specific trading pairs within the TradFi section, and when holding a position beyond the platform’s designated market close time or daily settlement point, will the overnight fee be deducted or credited.

• Charging time: Consistent with traditional financial markets, Gate usually settles fees at a fixed daily time (around 05:00 AM Beijing time, subject to the platform’s display) for positions still held.
• Applicable assets: Mainly for Gate precious metal CFDs such as gold (XAU/USD) and silver (XAG/USD) that adopt the TradFi mechanism.
• Two-way logic: Long/mult positions generally require paying the overnight fee (due to borrowing funds to buy); short/sell positions generally can earn the overnight fee (due to depositing funds to earn interest), but in cases of interest rate inversion or platform spread adjustments, fees may still need to be paid.

How is the overnight fee for Gate metal contracts calculated?

The overnight fee for Gate precious metal contracts is not a fixed amount but is calculated based on the nominal value of the position, leverage, and current interest rates. The specific formula follows mainstream CFD market rules:

Overnight Fee = Position Size × Contract Unit × Latest Price × Long/Short Overnight Rate

Where the overnight rate is dynamically adjusted by the platform based on market interest rates (such as Libor or central bank benchmark rates) plus platform spread premiums. Since USDx is used as collateral mapping, the system automatically anchors your USDT to USD 1:1 for interest calculation.

Key factors influencing the overnight fee:

• Position size: Larger trading volume results in higher nominal value and thus higher absolute fees.
• Trading direction: Different rates for long and short positions; one may pay while the other earns.
• Holding duration: Usually calculated daily; if crossing weekends, a three-day fee may be charged at once (due to market closure).
• Leverage: While leverage does not affect the percentage rate of the overnight fee, higher leverage means less margin for larger nominal positions, impacting the actual fee amount.

Latest precious metal market trends and considerations for holding costs

As of February 26, 2026, according to Gate’s latest market data, the precious metals market is active, meaning increased volatility requires traders planning to hold positions overnight to calculate costs precisely.

• Gold (XAUUSDT): Priced at $5,184.83, up 0.10%. 24-hour price range: $5,145.47–$5,214.54, with a trading volume of $24.54 million. Tether Gold (XAUTUSDT) is at $5,160.8, with a market cap of $2.68 billion.
• Silver (XAGUSDT): Priced at $89.74, up 1.31%. Daily range: $87.29–$91.29, with a trading volume of $134.31 million, indicating high market participation.
• Platinum (XPTUSDT): Strong performance, at $2,293.24, up 3.12%.
• Industrial metals: Copper (XCUUSDT) at $6.002, up 0.57%; Aluminum (XALUSDT) at $3,169.97, up 1.59%; Nickel (XNIUSDT) at $17,942.44, down 0.86%.

In highly volatile and active markets (e.g., silver with daily trading volume over $130 million), investors using Gate metal contracts for hedging or swing trading should factor in overnight fees as part of total costs, especially for positions held for days or weeks.

How to check and manage overnight fees?

To avoid unexpected holding costs, you can precisely check overnight fees on Gate by following these steps:

• Access the TradFi section: In the Gate app or official website, locate and click on the “TradFi” contract trading area.
• Select the contract: Click on the precious metal pair you wish to trade, such as XAU/USD or XAG/USD.
• View contract details: Usually, there is a “Contract Info” or “Specifications” section in the trading interface, clearly listing “Overnight Interest” or “Swap Rate,” with separate rates for buy and sell.
• Use the calculator: Gate’s trading assistant or order interface often provides a “Trading Calculator.” Input your position size and current price to estimate daily overnight costs.

Conclusion

Understanding the rules for Gate precious metal contracts’ overnight fee collection is an important step in enhancing trading professionalism. Unlike the dynamic rates of crypto contracts, Gate TradFi precious metal products’ overnight fee mechanism more closely aligns with traditional financial markets, reflecting the real cost of holding funds. As gold stabilizes above $5,100 and silver approaches $90, whether for short-term trading or medium- to long-term positioning, always confirm the specific rates for the day in the TradFi section before trading to achieve more accurate risk and cost management.