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ES Futures Calculator
Profit and loss, tick value and position size for E-mini S&P 500 (ES) and Micro E-mini (MES) futures, calculated in your browser. ES: 0.25 tick · $12.50 per tick · $50 per point. MES: $1.25 per tick · $5 per point. Also NQ, MNQ, YM and RTY.
Result
Enter your trade and select Calculate trade. Add a stop, account size and risk % for position sizing.
Learn the mechanics before risking money
Futures Trading Mastery, the bonus course in All Access, covers contract specs, margin, position sizing and prop firm rules, with clear risk warnings. Our guide on how to trade E-mini futures covers specs, hours, rolls, margin, costs and US taxes, and the ES futures strategy guide covers example setups and risk rules. No calculator result predicts a trading outcome. Start with the free Starter Kit: working files from the programs that open in your browser.
ES and MES tick value, point value and contract specs
The E-mini S&P 500 (ES) is $50 times the index and moves in 0.25-point ticks worth $12.50, so a full point (4 ticks) is $50. The Micro E-mini (MES) is $5 times the index: $1.25 per tick and $5 per point. Profit or loss is points moved × point value × contracts, before costs.
| Contract | Contract size | Tick size | Tick value | Point value |
|---|---|---|---|---|
| ES: E-mini S&P 500 | $50.00 × index | 0.25 | $12.50 | $50.00 |
| MES: Micro E-mini S&P 500 | $5.00 × index | 0.25 | $1.25 | $5.00 |
| NQ: E-mini Nasdaq-100 | $20.00 × index | 0.25 | $5.00 | $20.00 |
| MNQ: Micro E-mini Nasdaq-100 | $2.00 × index | 0.25 | $0.50 | $2.00 |
| YM: E-mini Dow ($5) | $5.00 × index | 1 | $5.00 | $5.00 |
| RTY: E-mini Russell 2000 | $50.00 × index | 0.1 | $5.00 | $50.00 |
Sources: CME Group rulebook chapters for ES, MES and NQ, the Micro E-mini FAQ and the E-mini Dow rulebook.
How to size a position by risk
Risk per contract = stop distance in ticks × tick value. Contracts = your loss limit for the trade ÷ risk per contract, rounded down. Example: with a $100 limit (say a $10,000 account and 1%), a long at 7,010.00 with a stop at 7,004.00 is 6 points, or 24 ticks. That is $30 per MES, so 3 MES with $90 at risk, or $300 per ES, which does not fit. Zero contracts means no trade.
Risk: what the numbers leave out
These are gross, hypothetical results, not investment advice. Commissions, exchange and clearing fees, data fees and slippage reduce every result. A stop order does not guarantee its price, so gaps around news or the open can produce larger losses than the stop implies.
Margin is not a fixed number. CME Clearing sets minimum margins that change with volatility, your broker can require more, and a small deposit controls the full notional value shown above. The CFTC's futures basics warn that many individuals "lose all of their money, and can be required to pay more than they invested initially."
Questions
What is the tick value and point value of ES futures?
The E-mini S&P 500 (ES) is $50 times the index. Its minimum tick is 0.25 index points, worth $12.50, so one point (4 ticks) is $50 and a 10-point move is $500 per contract, before costs.
What is the difference between ES and MES?
MES, the Micro E-mini S&P 500, tracks the same index with the same 0.25-point tick but is $5 times the index: $1.25 per tick and $5 per point, one-tenth of ES. It lets you size positions in smaller steps.
How do I calculate futures profit or loss?
Ticks moved × tick value × contracts. For ES that is points moved × $50 × contracts; for MES, points × $5 × contracts. A short trade gains when price falls. Commissions, exchange fees and slippage come out of that figure.
How do I size a futures position by risk?
Divide the most you are willing to lose on the trade by the stop distance in ticks × tick value, and round down. If the answer is zero, the trade does not fit your limit. A stop does not guarantee its price, so actual losses can be larger.
How much margin do I need for ES or MES?
There is no fixed figure. CME Clearing sets minimum margins that change with volatility, brokers can require more, and losses can exceed the margin you deposit. This calculator does not model margin, so check your broker's current requirement.
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