Free futures calculator
Futures tick value
Futures tick value is the dollars one contract makes or loses when price moves one tick, its smallest step. ES is $12.50 a tick, MES $1.25, NQ $5, MNQ $0.50, CL $10 and gold (GC) $10. Pick a contract below to see the P&L of any move.
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A futures tick value is the dollar change per contract for a one-tick move. As of November 2026, CME Group specs give ES $12.50 (0.25 point), MES $1.25, NQ $5, MNQ $0.50, YM $5, RTY $5, CL $10 (0.01) and GC gold $10 (0.10). P&L = ticks moved × tick value × contracts.
Futures tick value calculator
- Tick size
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- Tick value (1 contract)
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- One full point (1 contract)
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CME Group contract specs. P&L before commission and fees.
Quick answers
How much is a tick on ES?
One tick on ES (E-mini S&P 500) is 0.25 index points and is worth $12.50 per contract. A full point is 4 ticks, or $50.
What is the MNQ tick value?
MNQ (Micro E-mini Nasdaq-100) moves in 0.25-point ticks worth $0.50 per contract, so one point is $2. NQ, the E-mini, is ten times bigger: $5 a tick, $20 a point.
What is the tick value of gold futures?
Gold futures (GC) move in $0.10 ticks worth $10 per contract, because one contract is 100 troy ounces. Micro Gold (MGC) is 10 ounces, so its $0.10 tick is worth $1.
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The table
Tick value for every common contract
From CME Group contract specs, as of November 2026. One point is the dollar value of a full price point, per contract.
| Contract | Symbol | Tick size | Tick value | One point |
|---|---|---|---|---|
| E-mini S&P 500 | ES | 0.25 | $12.50 | $50.00 |
| Micro E-mini S&P 500 | MES | 0.25 | $1.25 | $5.00 |
| E-mini Nasdaq-100 | NQ | 0.25 | $5.00 | $20.00 |
| Micro E-mini Nasdaq-100 | MNQ | 0.25 | $0.50 | $2.00 |
| E-mini Dow ($5) | YM | 1 | $5.00 | $5.00 |
| Micro E-mini Dow | MYM | 1 | $0.50 | $0.50 |
| E-mini Russell 2000 | RTY | 0.10 | $5.00 | $50.00 |
| Micro E-mini Russell 2000 | M2K | 0.10 | $0.50 | $5.00 |
| Crude Oil (WTI) | CL | 0.01 | $10.00 | $1000.00 |
| Micro WTI Crude Oil | MCL | 0.01 | $1.00 | $100.00 |
| Gold | GC | 0.10 | $10.00 | $100.00 |
| Micro Gold | MGC | 0.10 | $1.00 | $10.00 |
| Silver | SI | 0.005 | $25.00 | $5000.00 |
| Henry Hub Natural Gas | NG | 0.001 | $10.00 | $10000.00 |
| Copper | HG | 0.0005 | $12.50 | $25000.00 |
| Euro FX | 6E | 0.00005 | $6.25 | $125000.00 |
| Micro Euro FX | M6E | 0.0001 | $1.25 | $12500.00 |
| 30-Year U.S. Treasury Bond | ZB | 1/32 | $31.25 | |
| 10-Year U.S. Treasury Note | ZN | 1/64 | $15.625 | |
| Corn | ZC | 1/4 cent | $12.50 | |
| Soybeans | ZS | 1/4 cent | $12.50 | |
| Bitcoin (5 BTC) | BTC | 5 | $25.00 | $5.00 |
| Micro Bitcoin (0.1 BTC) | MBT | 5 | $0.50 | $0.10 |
The basics
Ticks, points and micros
Tick vs point
A tick is the smallest price step. A point is a full unit of price. ES moves 0.25 at a time, so 4 ticks make a point: $12.50 a tick, $50 a point. On YM a tick and a point are the same: 1 point, $5.
Micro vs E-mini
Micros are one tenth of the E-mini. MES is $1.25 a tick against $12.50 for ES; MNQ $0.50 against $5 for NQ; MYM and M2K $0.50 against $5. Same chart, one tenth of the dollars.
Working out P&L
P&L = ticks moved × tick value × contracts. Eight ticks on ES is 8 × $12.50 = $100 per contract; on MES it is $10. Twenty ticks (5 points) on NQ is $100; on MNQ $10. Commission and fees come off after.
Your real numbers
See your P&L per contract from your own trades
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Related: futures trading journal, NinjaTrader trading journal, futures margin calculator.
Sources
Where these numbers come from
- CME Group: Micro E-mini Nasdaq-100 contract specs, checked Nov 2026
- CME Group: E-mini S&P 500 contract specs, checked Nov 2026
- CME Group: Micro Gold contract specs, checked Nov 2026
- CME Group: Tick movements, how they work (ES $12.50 and WTI crude $10 a tick), checked Nov 2026
- CME Group: Gold futures and options fact card (100 oz, $0.10 minimum fluctuation), checked Nov 2026
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FAQ
Futures tick value questions, answered.
What is the MES tick value?
MES (Micro E-mini S&P 500) is $1.25 per 0.25-point tick, or $5 a point, per contract. It is one tenth of ES.
What is the NQ tick value?
NQ (E-mini Nasdaq-100) is $5 per 0.25-point tick, or $20 a point, per contract.
What is the CL tick value?
CL (WTI crude oil) moves in $0.01 ticks worth $10 per contract, since one contract is 1,000 barrels. Micro WTI (MCL) is 100 barrels, so $1 a tick.
What are the YM and RTY tick values?
YM (E-mini Dow, $5) moves 1 point at a time, worth $5. RTY (E-mini Russell 2000) moves 0.10 points, worth $5. Their micros, MYM and M2K, are $0.50 a tick.
Do tick values change?
Rarely. The exchange sets them in the contract specs, and they stay fixed unless the exchange changes the contract. Margins change often; tick values almost never.
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Yes. The free tier costs $0 forever and includes two accounts, manual trade entry and CSV import - enough to journal a live account properly, with win rate, P&L and equity curve all calculated for you. There is no credit card required to start. Pro ($25/month flat) adds unlimited accounts, MT4/MT5/cTrader/NinjaTrader auto-sync, AI insights on your trading (1,000 trade-analyses a month), monthly reports and full export, and every new account gets Pro free for 5 trading days with no card. The pricing is deliberately simple: one plan, one price, no per-feature upsells.
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