Futures tick value calculator
A futures tick value calculator for ES, NQ, YM, RTY, GC, CL and FDAX. Pick your contract and size to see the exact dollar value per tick, per point, and for any price move.
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- Value per point
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- $ at risk
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Tick value turns a price move into the dollars you risk
Position size, stop-loss distance in dollars, daily loss limits, drawdown cushion — every one of them is a tick-value calculation wearing a different name.
Get the tick value wrong and every number built on top of it is wrong too, which is why it is worth knowing cold for whatever you trade.
One NQ point is worth $20 per contract
Say you trade 2 contracts of the E-mini Nasdaq-100 (NQ). Its tick size is 0.25 points and its tick value is $5 per contract, so one point (four ticks) is worth $20 per contract, $40 for your 2-contract position.
You enter at 18,500.00 and exit at 18,512.50, a 12.5-point move. That is 50 ticks (12.5 ÷ 0.25), worth $5 × 50 = $250 per contract, or $500 across both contracts.
Run your own numbers above: pick the contract, set your size, and enter your stop-loss distance in points to get the exact dollar risk instead of doing the division by hand.
Tick size and tick value for ES, NQ, YM, GC and CL
| Contract | Exchange | Tick size | Tick value |
|---|---|---|---|
| ES — E-mini S&P 500 | CME | 0.25 | $ 12.50 |
| MES — Micro E-mini S&P 500 | CME | 0.25 | $ 1.25 |
| NQ — E-mini Nasdaq-100 | CME | 0.25 | $ 5.00 |
| MNQ — Micro E-mini Nasdaq-100 | CME | 0.25 | $ 0.50 |
| YM — E-mini Dow ($5) | CBOT | 1 | $ 5.00 |
| MYM — Micro E-mini Dow ($0.50) | CBOT | 1 | $ 0.50 |
| RTY — E-mini Russell 2000 | CME | 0.1 | $ 5.00 |
| M2K — Micro E-mini Russell 2000 | CME | 0.1 | $ 0.50 |
| FDAX — DAX Futures | Eurex | 1 | € 25.00 |
| FDXM — Mini-DAX Futures | Eurex | 1 | € 5.00 |
| CL — Crude Oil | NYMEX | 0.01 | $ 10.00 |
| MCL — Micro Crude Oil | NYMEX | 0.01 | $ 1.00 |
| NG — Natural Gas | NYMEX | 0.001 | $ 10.00 |
| GC — Gold | COMEX | 0.1 | $ 10.00 |
| MGC — Micro Gold | COMEX | 0.1 | $ 1.00 |
| SI — Silver | COMEX | 0.005 | $ 25.00 |
| SIL — Micro Silver | COMEX | 0.005 | $ 5.00 |
Specs last checked July 2026. Exchanges do occasionally re-spec a contract — confirm against the exchange or your broker before sizing a real trade.
Commissions, exchange fees and slippage sit outside the tick value
It converts a price move into a dollar figure using the contract's own tick size and tick value — it does not add commissions, exchange fees, or slippage, all of which reduce the number you actually see land in your account.
Related calculators
Tick value is the unit everything else on this site is priced in. Turn it into a position size with the prop firm risk calculator, then see what that size does to a challenge in the prop firm challenge calculator. If you are sizing off a fixed percentage rather than a stop, the trading expectancy calculator and the prop firm variance calculator are the two that decide whether the edge survives it. Once you are funded: payout calculator.
Prop Firm Challenge Calculator
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02Prop Firm Variance Calculator
Same edge, 1,000 accounts. See how many pass, how many breach on a bad streak first, and how deep the drawdown gets in between.
03Trading Expectancy Calculator
Do you have an edge? Turns your win rate and average win/loss into expected value per trade, in R and dollars.