I was just reading their docs [1], and I got two things wrong above: - Schwab's overnight interest rate is actually ~1.8 bips. Alpaca's is even lower at 3.75% a

I was just reading their docs [1], and I got two things wrong above: - Schwab's overnight interest rate is actually ~1.8 bips. Alpaca's is even lower at 3.75% annual which translates into ~1 bip / day - If you liquidate stock the same day, you pay no interest [1] https://alpaca.markets/docs/trading-on-alpaca/margin-and-shorting/ https://alpaca.markets/docs/trading-on-alpaca/margin-and-sho...