Futures Contract Value Calculator
Pick any of 36 CME contracts, enter the price and the number of contracts, and see the notional value you control, the point value, the tick size and tick value, and what a move is worth in dollars. Every figure comes from the exchange spec on our futures contract specs pages.
ES is $50 × S&P 500 Index. Full spec, hours and sources: ES contract specs.
Notional value (1 ES)
-
Value of a 1.0 move (index points)
$50 per contract
Point value (one index point)
$50 per contract
Tick size
0.25 index points
Tick value
$12.50 per contract
Ticks per point
4
Move of 10 index points on 1 ES
$500 (40 ticks)
Enter the current ES price to see the notional value.
ES against MES
MES tick value / point value
$1.25 / $5
One ES is 10 MES. MES specs
Tick value and point value of every CME contract
Per contract, from each contract’s CME Group spec page. Select a symbol for its hours, months and settlement.
Symbol
Contract
Tick size
Tick value
Point
Point value
FAQs - Futures Contract Value
Notional value, tick value and point value - with the exact CME figures for MNQ, NQ, MES and ES.
Multiply the price by the contract multiplier and by the number of contracts. The multiplier is the dollar value of a 1.0 move in the quoted price: $50 for ES, $20 for NQ, $5 for MES, $2 for MNQ, $1,000 for CL per $1 a barrel and $100 for GC per $1 an ounce. So one ES at a price of 6,000 controls $300,000 of S&P 500 exposure, and one MES at the same price controls $30,000.
MNQ (Micro E-mini Nasdaq-100) moves in 0.25-point ticks worth $0.50 each, per CME Group. That makes one index point $2.00 per contract, so a 10-point move on one MNQ is $20 and a 50-point move is $100.
NQ (E-mini Nasdaq-100) moves in 0.25-point ticks worth $5.00 each, so one index point is $20 per contract. NQ is exactly ten MNQ: the same 50-point move is $1,000 on one NQ and $100 on one MNQ.
MES (Micro E-mini S&P 500) moves in 0.25-point ticks worth $1.25 each, so one index point is $5.00 per contract. The full-size ES uses the same 0.25 tick at $12.50, or $50 a point - ten MES equal one ES.
Tick value is the tick size times the contract multiplier. ES: 0.25 × $50 = $12.50. CL: $0.01 × 1,000 barrels = $10. GC: $0.10 × 100 ounces = $10. ZB: 1/32 of a point × $1,000 = $31.25. The tick size and multiplier are set by the exchange, so tick value is the same at every broker and prop firm.
Most CME micros are one tenth of the full-size contract: MES/ES, MNQ/NQ, MYM/YM, M2K/RTY, MCL/CL, MNG/NG, MGC/GC and M6E/6E. The exceptions are Micro Silver (SIL, 1,000 ounces against SI’s 5,000, so one fifth), Micro Bitcoin (MBT, 0.10 bitcoin against BTC’s 5, one fiftieth) and Micro Ether (MET, 0.1 ether against ETH’s 50, one five-hundredth). E-mini Crude (QM) is half a CL.
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