TradeBB Futures tick value: a table for 16 contracts, and how to use it
A tick is the smallest price move a futures contract can make. Its tick value is what that move is worth in dollars on one contract.
On the E-mini S&P 500 (ES), the tick size is 0.25 index points and each point is worth $50, so one tick is 0.25 × $50 = $12.50.
The table below covers 16 of the most traded CME contracts, with two columns most tables leave out: how many ticks make one point, and what one point is worth.
Futures tick value chart
All values are for one contract, outright, as listed on CME Group's contract specs pages on October 23, 2026.
Equity index futures: ES, MES, NQ, MNQ, YM, MYM, RTY, M2K
| Contract | Code | Tick size | Tick value | Ticks per point | Value of one point |
|---|---|---|---|---|---|
| E-mini S&P 500 | ES | 0.25 | $12.50 | 4 | $50 |
| Micro E-mini S&P 500 | MES | 0.25 | $1.25 | 4 | $5 |
| E-mini Nasdaq-100 | NQ | 0.25 | $5.00 | 4 | $20 |
| Micro E-mini Nasdaq-100 | MNQ | 0.25 | $0.50 | 4 | $2 |
| E-mini Dow | YM | 1.00 | $5.00 | 1 | $5 |
| Micro E-mini Dow | MYM | 1.00 | $0.50 | 1 | $0.50 |
| E-mini Russell 2000 | RTY | 0.10 | $5.00 | 10 | $50 |
| Micro E-mini Russell 2000 | M2K | 0.10 | $0.50 | 10 | $5 |
Energy: CL and MCL
| Contract | Code | Tick size | Tick value | Ticks per $1 | Value of a $1 move |
|---|---|---|---|---|---|
| WTI Crude Oil | CL | $0.01 per barrel | $10.00 | 100 | $1,000 |
| Micro WTI Crude Oil | MCL | $0.01 per barrel | $1.00 | 100 | $100 |
Metals: GC, MGC and SI
| Contract | Code | Tick size | Tick value | Ticks per $1 | Value of a $1 move |
|---|---|---|---|---|---|
| Gold | GC | $0.10 per ounce | $10.00 | 10 | $100 |
| Micro Gold | MGC | $0.10 per ounce | $1.00 | 10 | $10 |
| Silver | SI | $0.005 per ounce | $25.00 | 200 | $5,000 |
Currencies and interest rates: 6E, ZN, ZB
| Contract | Code | Tick size | Tick value | Notes |
|---|---|---|---|---|
| Euro FX | 6E | 0.00005 | $6.25 | $12.50 per 0.0001 |
| 10-Year T-Note | ZN | half of 1/32 of a point | $15.625 | 64 ticks per point, $1,000 per point |
| U.S. Treasury Bond | ZB | 1/32 of a point | $31.25 | 32 ticks per point, $1,000 per point |
Spreads and some special order types trade in smaller ticks than these. For example, an ES calendar spread moves in 0.05 points, worth $2.50. If a fill doesn't match the table, that's usually why.
Tick size, tick value and point value
Three terms, often mixed up:
- Tick size — the smallest price move, in the contract's own units. ES: 0.25 points. Crude oil: one cent a barrel
- Tick value — what one tick is worth in dollars, on one contract. ES: $12.50
- Point value — what a one-point move is worth. ES: $50, because one point is four ticks
Tick size tells you where the price can land. Tick value and point value tell you what it costs you or pays you.
Common conversions
| Question | Answer |
|---|---|
| How much is 10 ticks on ES? | 10 × $12.50 = $125 |
| How many ticks is one point on ES, MES, NQ or MNQ? | 4 |
| How many ticks is $500 on NQ? | $500 ÷ $5 = 100 ticks (25 points) |
| How much is one MNQ point worth? | $2 |
| How much is 30 points on MNQ? | 30 × $2 = $60 (120 ticks) |
| How much is a $1 move in gold, on GC and on MGC? | $100 on GC, $10 on MGC |
From ticks to profit and loss
Say you buy 3 MES contracts and sell them 8 ticks higher: 8 × $1.25 × 3 = $30, before fees.
Now the same 8 ticks on one contract of each:
| Contract | 8 ticks is worth |
|---|---|
| ES | $100 |
| NQ | $40 |
| MES | $10 |
| MNQ | $4 |
Same number of ticks, a 25-fold difference between ES and MNQ. That's why counting results in ticks across different contracts misleads: a "good week" of +40 ticks can be a few dollars or a few hundred, depending on what you traded. Compare results in dollars, or in multiples of what you risked; more on that in risk reward ratio.
Fees matter more as tick values shrink. On a micro contract, round-trip costs can be close to a tick, so a one-tick winner can end up a loss. The futures trading journal page covers that in detail.
Tick values, applied for you
When you upload your futures trades to TradeBB, each one is priced with that contract's point value, so a 3-lot MES trade and a 1-lot ES trade both show their real dollar result. That covers the major contracts, including ES, NQ, their micros, crude oil and gold. You don't multiply anything by hand.
- Check the value used — every trade shows the multiplier it was priced with
- Fees on each trade — commissions and fees recorded per trade, so results are net
- Contract months together — ESZ6 and ESH7 both count as ES in your reports
Results by contract, by hour and by setup are in your futures trading journal. If you trade a prop evaluation in ticks, the prop firm trading journal shows each account's drawdown in dollars.
Frequently asked questions
$12.50. ES moves in 0.25-point ticks, and each point is worth $50.
$12.50. ES moves in 0.25-point ticks, and each point is worth $50.
$0.50. MNQ moves in 0.25-point ticks, and each point is worth $2, so four ticks make one point.
$0.50. MNQ moves in 0.25-point ticks, and each point is worth $2, so four ticks make one point.
For the micro versions of ES, NQ, Dow, Russell, crude oil and gold, yes: the tick size is the same and the tick value is one tenth. MES is $1.25 against ES's $12.50, MCL $1.00 against CL's $10.00.
For the micro versions of ES, NQ, Dow, Russell, crude oil and gold, yes: the tick size is the same and the tick value is one tenth. MES is $1.25 against ES's $12.50, MCL $1.00 against CL's $10.00.
They're set in each contract's specifications by the exchange and rarely change, but they can. Check CME Group's contract specs page for the contract you trade.
They're set in each contract's specifications by the exchange and rarely change, but they can. Check CME Group's contract specs page for the contract you trade.
Spreads and some special order types use smaller ticks than the outright contract. An ES calendar spread, for example, moves in 0.05 points.
Spreads and some special order types use smaller ticks than the outright contract. An ES calendar spread, for example, moves in 0.05 points.
Stop converting ticks by hand.
Upload your futures trades and see every result in dollars, priced with each contract's own value.