Futures Tick Value Calculator

About this calculator

A tick is the minimum price increment a futures contract can move, and the tick value is what that smallest move is worth in dollars: tick value = tick size × contract multiplier. Every futures product has its own fixed tick size and multiplier set by the exchange — for example, one E-mini S&P 500 tick is 0.25 index points worth $12.50, while one CME crude oil tick is $0.01/barrel worth $10 on a 1,000-barrel contract — so the dollar risk of the exact same "number of ticks" varies enormously between contracts.

Futures traders use tick value to translate a chart move (measured in ticks) directly into profit-and-loss dollars and to size a position against a fixed-dollar risk limit, which is a calculation done before every single trade rather than an occasional lookup.