Updated . Tick sizes change rarely, but they do change: check the contract's CME page before a size that matters.
Futures tick value of every contract
35 contracts by market: the smallest move, what it is worth, and what a move of 1.00 in the price is worth.
| Contract | Tick size | Tick value | Move of 1.00 | Size |
|---|---|---|---|---|
| Equity index | ||||
| ES E-mini S&P 500 · CME | 0.25 | $12.50 | $50.00 a index point | $50 × S&P 500 Index |
| MES Micro E-mini S&P 500 · CME | 0.25 | $1.25 | $5.00 a index point | $5 × S&P 500 Index 1/10 of ES |
| NQ E-mini Nasdaq-100 · CME | 0.25 | $5.00 | $20.00 a index point | $20 × Nasdaq-100 Index |
| MNQ Micro E-mini Nasdaq-100 · CME | 0.25 | $0.50 | $2.00 a index point | $2 × Nasdaq-100 Index 1/10 of NQ |
| YM E-mini Dow ($5) · CME | 1 | $5.00 | $5.00 a index point | $5 × Dow Jones Industrial Average |
| MYM Micro E-mini Dow · CME | 1 | $0.50 | $0.50 a index point | $0.50 × Dow Jones Industrial Average 1/10 of YM |
| RTY E-mini Russell 2000 · CME | 0.1 | $5.00 | $50.00 a index point | $50 × Russell 2000 Index |
| M2K Micro E-mini Russell 2000 · CME | 0.1 | $0.50 | $5.00 a index point | $5 × Russell 2000 Index 1/10 of RTY |
| NKD Nikkei 225 (dollar) | 5 | $25.00 | $5.00 a index point | $5 × Nikkei 225 Index |
| Energy | ||||
| CL Crude Oil 1,000 bbl · CME | 0.01 | $10.00 | $1,000.00 a dollar a barrel | 1,000 barrels |
| MCL Micro WTI Crude Oil 100 bbl · CME | 0.01 | $1.00 | $100.00 a dollar a barrel | 100 barrels 1/10 of CL |
| NG Henry Hub Natural Gas | 0.001 | $10.00 | $10,000.00 a dollar per MMBtu | 10,000 MMBtu |
| RB RBOB Gasoline | 0.0001 | $4.20 | $42,000.00 a dollar a gallon | 42,000 gallons |
| HO NY Harbor ULSD (heating oil) | 0.0001 | $4.20 | $42,000.00 a dollar a gallon | 42,000 gallons |
| Metals | ||||
| GC Gold 100 oz · CME | 0.1 | $10.00 | $100.00 a dollar an ounce | 100 troy ounces |
| MGC Micro Gold 10 oz · CME | 0.1 | $1.00 | $10.00 a dollar an ounce | 10 troy ounces 1/10 of GC |
| SI Silver 5,000 oz · CME | 0.005 | $25.00 | $5,000.00 a dollar an ounce | 5,000 troy ounces |
| SIL Micro Silver 1,000 oz · CME | 0.005 | $5.00 | $1,000.00 a dollar an ounce | 1,000 troy ounces 1/5 of SI |
| HG Copper | 0.0005 | $12.50 | $25,000.00 a dollar a pound | 25,000 pounds |
| PL Platinum | 0.1 | $5.00 | $50.00 a dollar an ounce | 50 troy ounces |
| PA Palladium · NYMEX filing | 0.5 | $50.00 | $100.00 a dollar an ounce | 100 troy ounces |
| Interest rates | ||||
| ZB 30-Year T-Bond | 1/32 | $31.25 | $1,000.00 a point (32/32) | $100,000 face value |
| ZN 10-Year T-Note · CME | ½ of 1/32 | $15.625 | $1,000.00 a point (32/32) | $100,000 face value |
| ZF 5-Year T-Note | ¼ of 1/32 | $7.8125 | $1,000.00 a point (32/32) | $100,000 face value |
| FX | ||||
| 6E Euro FX · CME | 0.00005 | $6.25 | $125,000.00 a dollar per euro | 125,000 euro |
| 6B British Pound | 0.0001 | $6.25 | $62,500.00 a dollar per pound | 62,500 pounds |
| Grains | ||||
| ZC Corn | ¼¢ | $12.50 | $50.00 a cent a bushel | 5,000 bushels |
| ZS Soybeans | ¼¢ | $12.50 | $50.00 a cent a bushel | 5,000 bushels |
| ZW Chicago SRW Wheat | ¼¢ | $12.50 | $50.00 a cent a bushel | 5,000 bushels |
| ZM Soybean Meal | 0.1 | $10.00 | $100.00 a dollar a ton | 100 short tons |
| ZL Soybean Oil | 0.01 | $6.00 | $600.00 a cent a pound | 60,000 pounds |
| Livestock | ||||
| LE Live Cattle | 0.025 | $10.00 | $400.00 a cent a pound | 40,000 pounds |
| GF Feeder Cattle | 0.025 | $12.50 | $500.00 a cent a pound | 50,000 pounds |
| HE Lean Hogs | 0.025 | $10.00 | $400.00 a cent a pound | 40,000 pounds |
| Crypto | ||||
| MBT Micro Bitcoin · CME | 5 | $0.50 | $0.10 a dollar per bitcoin | 0.10 bitcoin |
Sources, and what is left out
Rows marked CME are the margin calculator's, read from each contract's page on CME Group's site on 22 October 2026 (CME Group contract specs, read 22 Oct 2026is the first). The rest were added on 25 October 2026, when cmegroup.com refused automated reads, and are listed only where two futures brokers' published tables agree: Discount Trading: Futures contract specifications and Optimus Futures: Contract specifications. ZT, 6A, 6C, 6J, BTC and ETH are left out because the published tables disagree on their ticks, or only one lists them; CME has changed some of those ticks over the years. Palladium is the exception: both tables still show its old $0.05 tick, so its row follows NYMEX's own filing, NYMEX filing to the CFTC, 28 Oct 2020, which set the tick at $0.50 an ounce ($50) from 7 December 2020.
Ticks, points and dollars
A tick is the smallest move; a point is a move of 1.00 in the price. Dollars = ticks × tick value × contracts.
Three worked lines
ES: 5 points is 20 ticks, and 20 × $12.50 = $250 on one contract. Gold: a $3 move on 2 MGC is 30 ticks × $1.00 × 2 = $60. A $500 daily loss limit on 3 MNQ reaches 333 ticks, 83.25 points, the last third of a tick unused. Size the stop itself on the futures position size calculator, and check how many contracts a prop account allows on the contract limits tool.
Micro vs full-size contracts
The equity Micros, Micro Gold and Micro WTI are a tenth of the full contract; Micro Silver is a fifth.
Why the same tick, a tenth of the dollars
A Micro trades the same index or commodity in the same tick size with a tenth of the multiplier: MES ticks 0.25 points like ES, worth $1.25 against $12.50. Ten MES move like one ES, but each pays its own commission, so ten Micros cost more to trade than one E-mini. Margins for both are on the margin calculator.