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Futures contract specs

Tick size, tick value and point value for the 36 CME Group futures contracts prop traders use most, each with its own page.

What is a futures tick value?

A futures tick value is what the smallest price move is worth on one contract. On CME Group: ES $12.50, MES $1.25, NQ $5, MNQ $0.50, YM $5, MYM $0.50, CL $10, MCL $1, GC $10, MGC $1. Each contract below links to its full specification, P&L table, hours and contract months.

Equity index futures

Contract

Symbol

Tick size

Tick value

Value of a move

Exchange

ES
0.25 index points
$12.50
$50 per index point
CME
MES
0.25 index points
$1.25
$5 per index point
CME
NQ
0.25 index points
$5
$20 per index point
CME
MNQ
0.25 index points
$0.50
$2 per index point
CME
YM
1 index point
$5
$5 per index point
CBOT
MYM
1 index point
$0.50
$0.50 per index point
CBOT
RTY
0.1 index points
$5
$50 per index point
CME
M2K
0.1 index points
$0.50
$5 per index point
CME

Energy futures

Contract

Symbol

Tick size

Tick value

Value of a move

Exchange

CL
$0.01 per barrel
$10
$1,000 per $1.00 move per barrel
NYMEX
MCL
$0.01 per barrel
$1
$100 per $1.00 move per barrel
NYMEX
QM
$0.025 per barrel
$12.50
$500 per $1.00 move per barrel
NYMEX
NG
$0.001 per MMBtu
$10
$1,000 per 10-cent move per MMBtu
NYMEX
MNG
$0.001 per MMBtu
$1
$100 per 10-cent move per MMBtu
NYMEX

Metals futures

Contract

Symbol

Tick size

Tick value

Value of a move

Exchange

GC
$0.10 per ounce
$10
$100 per $1.00 move per ounce
COMEX
MGC
$0.10 per ounce
$1
$10 per $1.00 move per ounce
COMEX
SI
$0.005 per ounce
$25
$5,000 per $1.00 move per ounce
COMEX
SIL
$0.005 per ounce
$5
$1,000 per $1.00 move per ounce
COMEX
HG
$0.0005 per pound
$12.50
$250 per 1-cent move per pound
COMEX

Currencies (FX) futures

Contract

Symbol

Tick size

Tick value

Value of a move

Exchange

6E
$0.00005 per euro
$6.25
$12.50 per pip (0.0001)
CME
M6E
$0.0001 per euro
$1.25
$1.25 per pip (0.0001)
CME
6B
$0.0001 per pound
$6.25
$6.25 per pip (0.0001)
CME
6J
$0.0000005 per yen
$6.25
$12.50 per 0.000001 move
CME
6A
$0.00005 per Australian dollar
$5
$10 per pip (0.0001)
CME
6C
$0.00005 per Canadian dollar
$5
$10 per pip (0.0001)
CME

Interest rates futures

Contract

Symbol

Tick size

Tick value

Value of a move

Exchange

ZB
1/32 of a point
$31.25
$1,000 per full point (32/32nds)
CBOT
UB
1/32 of a point
$31.25
$1,000 per full point (32/32nds)
CBOT
ZN
1/2 of 1/32 of a point
$15.625
$1,000 per full point (32/32nds)
CBOT
ZF
1/4 of 1/32 of a point
$7.8125
$1,000 per full point (32/32nds)
CBOT
ZT
1/8 of 1/32 of a point
$7.8125
$2,000 per full point (32/32nds)
CBOT

Grains futures

Contract

Symbol

Tick size

Tick value

Value of a move

Exchange

ZC
1/4 cent per bushel
$12.50
$50 per 1-cent move per bushel
CBOT
ZS
1/4 cent per bushel
$12.50
$50 per 1-cent move per bushel
CBOT
ZW
1/4 cent per bushel
$12.50
$50 per 1-cent move per bushel
CBOT

Crypto futures

Contract

Symbol

Tick size

Tick value

Value of a move

Exchange

BTC
$5 per bitcoin
$25
$500 per $100 move in bitcoin
CME
MBT
$5 per bitcoin
$0.50
$10 per $100 move in bitcoin
CME
ETH
$0.50 per ether
$25
$500 per $10 move in ether
CME
MET
$0.50 per ether
$0.05
$1 per $10 move in ether
CME

How to use these numbers

Profit or loss is ticks moved × tick value × contracts. At a prop firm the same sum runs backwards: divide your drawdown limit by the value of a move to see how much room one contract has. Each contract page does both for you, and the tick values guide explains the arithmetic.

Figures are exchange specifications from CME Group, read 2026-09-22. Which of these contracts a firm lets you trade, and how many, is set by the firm — compare futures prop firms for their rules.

FAQs — futures contracts

Facts checked 2026-09-22 against CME Group contract specifications.

What is a tick value in futures?

The tick value is the dollar amount one minimum price move (one tick) is worth on one contract. It is the tick size multiplied by the contract multiplier: 0.25 index points × $20 = $5.00 on NQ.

How do I work out futures profit and loss?

Multiply the number of ticks the price moved by the tick value and by the number of contracts. A 20-point move on NQ is 80 ticks × $5.00 = $400 per contract.

What is the difference between micro and mini futures?

A micro is one-tenth the size of its E-mini: MNQ is $2 per Nasdaq-100 point against $20 for NQ, and MES is $5 per S&P 500 point against $50 for ES. Both sizes trade the same hours and months.

Where do these contract specifications come from?

Every figure is taken from CME Group’s contract specification pages (or the CME rulebook), and each contract page names its source and the date it was read. These were checked on 2026-09-22.

Why is margin not listed?

Exchange margin changes often and brokers add their own requirements, so any figure would go stale quickly. A prop firm account does not post margin at all: the firm’s drawdown limit and contract limit are what cap the position.

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