Read this on quora, can anyone confirm it’s correct?
The stock price is $22.87, and has a fee rate of 3.71% and a rebate rate of -3.31%. The broker is Interactive Brokers.
If I were to short, say, 1000 shares, how much would I actually pay (disregarding slippage and commissions) for the privilege of shorting, and what is my payment schedules?
ANS:
If you are selling short, you will be charged 3.71% annually (calculated every day based on currrent stock price).
If you are long shares and…