Futures calculator
Profit and loss, tick values, and position size for CME futures.
Disclosure: I earn nothing from this page. There are no affiliate links here, no broker or prop firm deals, and nothing is gated. If that ever changes, I'll put it right here.
New to this? What a tick is actually worth explains the arithmetic, the treasury 32nds trap, and the position sizing that empties accounts.
Trade
Commission plus exchange fees to open and close one contract
Net P/L
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Ticks
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Risk to stop
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Reward : risk
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Position sizing
Your risk % comes out of this number
Max contracts
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Risk per contract
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Actual risk at that size
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Sizing uses your stop distance. It assumes you get filled at your stop, and slippage or a gap can skip right past it. If your prop firm's max loss trails your balance, update the box every time it moves.
All contract specifications, with sources
| Symbol | Contract | Point value | Tick size | Tick value | Source |
|---|---|---|---|---|---|
| Equity index | |||||
| ES | E-mini S&P 500 | $50 | 0.25 index pts | $12.50 | CME |
| MES | Micro E-mini S&P 500one tenth of ES | $5 | 0.25 index pts | $1.25 | CME |
| NQ | E-mini Nasdaq-100 | $20 | 0.25 index pts | $5.00 | CME |
| MNQ | Micro E-mini Nasdaq-100one tenth of NQ | $2 | 0.25 index pts | $0.50 | CME |
| YM | E-mini Dow (DJIA) | $5 | 1 index pts | $5.00 | CME |
| MYM | Micro E-mini Dow (DJIA)one tenth of YM | $0.5 | 1 index pts | $0.50 | CME |
| RTY | E-mini Russell 2000 | $50 | 0.10 index pts | $5.00 | CME |
| M2K | Micro E-mini Russell 2000one tenth of RTY | $5 | 0.10 index pts | $0.50 | CME |
| Energy | |||||
| CL | Crude Oil (WTI), 1,000 bbl | $1,000 | 0.01 $/bbl | $10.00 | CME |
| MCL | Micro WTI Crude Oil, 100 bblone tenth of CL | $100 | 0.01 $/bbl | $1.00 | CME |
| NG | Henry Hub Natural Gas, 10,000 MMBtu | $10,000 | 0.001 $/MMBtu | $10.00 | CME |
| Metals | |||||
| GC | Gold, 100 oz | $100 | 0.10 $/oz | $10.00 | CME |
| MGC | Micro Gold, 10 ozone tenth of GC | $10 | 0.10 $/oz | $1.00 | CME |
| SI | Silver, 5,000 oz | $5,000 | 0.005 $/oz | $25.00 | CME |
| SIL | Micro Silver, 1,000 ozone fifth of SI | $1,000 | 0.005 $/oz | $5.00 | CME |
| Interest rates | |||||
| ZB | 30-Year U.S. T-Bond, $100k face | $1,000 | 1/32 | $31.25 | CME |
| ZN | 10-Year U.S. T-Note, $100k face | $1,000 | 1/2 of 1/32 | $15.625 | CME |
| ZF | 5-Year U.S. T-Note, $100k face | $1,000 | 1/4 of 1/32 | $7.8125 | CME |
| ZT | 2-Year U.S. T-Note, $200k face | $2,000 | 1/8 of 1/32 | $7.8125 | CME |
| Currencies | |||||
| 6E | Euro FX, 125,000 EUR | $125,000 | 0.00005 USD/EUR | $6.25 | CME |
| M6E | Micro EUR/USD, 12,500 EURone tenth of 6E | $12,500 | 0.0001 USD/EUR | $1.25 | CME |
| 6J | Japanese Yen, 12,500,000 JPY | $12,500,000 | 0.0000005 USD/JPY | $6.25 | CME |
| Grains | |||||
| ZC | Corn, 5,000 bu | $50 | 0.25 cents/bu | $12.50 | CME |
| ZS | Soybeans, 5,000 bu | $50 | 0.25 cents/bu | $12.50 | CME |
| ZW | Chicago SRW Wheat, 5,000 bu | $50 | 0.25 cents/bu | $12.50 | CME |
Micros are one tenth of their full-size contract, with one exception: Micro Silver is one fifth of Silver.
Where to go next
- What a tick is actually worth The three ways this math goes wrong, with every spec sourced from CME.
- Options profit calculator Payoff diagram, breakevens, and probability of profit from realized vol.
- Margin call calculator Points against you before the maintenance call, for these same contracts.
- Topstep vs Apex How the two big prop firms actually handle trailing drawdown.
- All the free tools Options, dividend, stock average, margin call and net worth calculators, none of them gated.
- The trading journal Real trades, real size, and the mistakes that produced these rules.
Where these numbers come from. Every point value, tick size, and tick value is taken from CME Group's own rulebook chapters and fact cards, linked per contract in the table above. Tick sizes are for trading one contract month on its own. Spreads between months tick differently on several contracts, and this calculator doesn't handle them.
P/L is arithmetic on the prices you enter. It excludes exchange, clearing, NFA, and platform fees unless you enter them in the fee box, and it excludes slippage, overnight margin, and any funding or subscription cost.
Nothing here is investment advice, a recommendation, or a solicitation. Futures are leveraged and can lose more than the amount deposited.
P/L is arithmetic on the prices you enter. It excludes exchange, clearing, NFA, and platform fees unless you enter them in the fee box, and it excludes slippage, overnight margin, and any funding or subscription cost.
Nothing here is investment advice, a recommendation, or a solicitation. Futures are leveraged and can lose more than the amount deposited.