Leverage Calculator

See how leverage affects returns, drawdown, and risk for the 3-pair portfolio. Each level is a full execution simulation (bid/ask fills, spread gating, margin, financing).

At lower-cost brokers (e.g., Interactive Brokers with ~0.4 pip spreads vs Oanda's ~0.75), net returns would be modestly higher.

Pre-Computed Leverage Table

Full execution simulator: Oanda spreads, overnight financing, bid/ask fills. Out-of-sample (2020+).