How much is one futures tick worth?
Use the tick value to turn an ES, NQ, MES or MNQ price move into dollars before you place a trade. Then account for fees and slippage with the calculator.
ES, NQ, MES and MNQ tick values
| Contract | Tick size | Dollar value / tick | Dollar value / point |
|---|---|---|---|
| ES | 0.25 | $12.50 | $50 |
| MES | 0.25 | $1.25 | $5 |
| NQ | 0.25 | $5 | $20 |
| MNQ | 0.25 | $0.50 | $2 |
Each contract moves in quarter-point increments. Since one point equals four ticks, a 10-point MNQ move is 40 ticks, or $20 per contract. Two MNQ contracts would make or lose $40 before costs.
Futures profit formula
For a long trade, multiply (exit price − entry price) by the dollar value per point and the number of contracts. For a short trade, reverse the price subtraction. Then subtract round-trip commissions, exchange fees and your expected slippage.
MNQ example
Buy two MNQ contracts at 20,000 and sell at 20,025. The 25-point move is worth 25 × $2 × 2 = $100 gross. At $0.75 per side per contract, fees are $3, leaving $97 before slippage.
Tick value is not your risk
Tick value tells you what a price move is worth. Your trade risk also depends on stop distance and position size: stop ticks × tick value × contracts, plus costs. Compare that result with your prop firm’s daily loss limit and trailing drawdown before trading.
Calculate your actual net P&L
Use the futures profit calculator to test long and short trades for ES, NQ, MES, MNQ, CL, MCL, GC and MGC. It accepts commissions, fees and optional slippage, and runs in your browser.
Open the futures profit calculator →
Sources and contract notes
Values checked September 9, 2026 against CME Micro E-mini specifications, CME NQ specifications and CME MNQ specifications. Broker commissions, exchange fees, margin and slippage vary.