How Is the Daily Leverage Fee Calculated on Pluang?
The Daily Leverage Fee is calculated with a single formula: (Number of Shares × Last Closing Price) × (Annual Rate ÷ 360). The annual rate depends on your membership tier — 4.5% per year for Pluang Plus, equal to 0.0125% per day, and 7.5% per year for Regular users, equal to 0.0208% per day, both effective since 26 December 2025. Because the calculation uses the last closing price rather than your entry price, the fee changes from day to day as the stock moves. It is charged every calendar day the position stays open, weekends included, and is deducted from your USD Margin Balance. The fee applies only to 2x leveraged positions still held after the market closes; 4x Day Trade positions are force-closed before the close and are never charged it.
- Formula: (Number of Shares × Last Closing Price) × (Annual Rate ÷ 360).
- Pluang Plus rate: 0.0125% per day, equal to 4.5% per year — effective 26 December 2025.
- Regular rate: 0.0208% per day, equal to 7.5% per year — effective 26 December 2025.
- Price used: The last closing price, not your entry price, so the fee moves with the stock each day.
- Charged when: Every calendar day the 2x position stays open, weekends and holidays included.
- Deducted from: Your USD Margin Balance — never charged on 4x Day Trade positions.
- Worked example: 1 share closing at $120: Pluang Plus (1 × $120) × (4.5% ÷ 360) ≈ $0.02; Regular (1 × $120) × (7.5% ÷ 360) ≈ $0.03.
Related questions:
Q: Can you walk through the formula with real numbers?
Suppose you hold 1 share with a 2x position and the stock closes at $120. A Pluang Plus member pays (1 × $120) × (4.5% ÷ 360), which is roughly $0.02 for that day. A Regular user pays (1 × $120) × (7.5% ÷ 360), roughly $0.03. Multiply the share count to scale it, and note the figure changes each day as the closing price moves.
Q: Why does the fee use 360 days instead of 365?
360 is the day-count convention Pluang applies when converting the annual rate into a daily one, which is standard practice for interest calculations of this kind. It means the daily rate is the annual rate divided by 360 rather than 365. That is why 4.5% per year works out to 0.0125% per day and 7.5% per year works out to 0.0208% per day.
Q: Am I charged on weekends when the market is shut?
Yes. The Daily Leverage Fee is charged every calendar day the 2x position remains open, which includes Saturdays, Sundays and holidays when the US exchange is not trading. The reasoning is that the leverage loan is still outstanding on those days. A position carried across a weekend therefore accrues three days of fee rather than one. The same applies to US market holidays, when the exchange is closed but the loan still stands.
Q: Does the amount change if the stock price moves?
Yes, because the formula uses the last closing price rather than the price you paid. If the stock closes higher, that day's fee is larger; if it closes lower, the fee is smaller. This means your daily cost is not fixed at the time you open the position, and a rising position gradually becomes more expensive to hold overnight than it was on day one.