---
title: "ES Tick Value - E-mini S&P 500 Futures Contract Specs - Get Funded Now"
description: "E-mini S&P 500 (ES) futures: 0.25 index points tick worth $12.50, $50 per point. Contract size, exchange, and how many ticks of drawdown a funded account gives you."
url: "https://getfundednow.com/futures/contracts/es-e-mini-sp-500"
language: "en"
last_modified: "2026-10-29"
publisher: "Get Funded Now (getfundednow.com)"
disclosure: "All trading at Get Funded Now is simulated. 'Funded' means a simulated or virtual account; GFN is not a broker and does not hold client funds."
---

Equity index futures · CME

# ES E-mini S&P 500

One ES tick is 0.25 index points, worth $12.50 per contract. One point is worth $50.

## Contract specifications

| Specification | ES |
| --- | --- |
| Contract | E-mini S&P 500 |
| Exchange | CME |
| Contract size | $50 x the S&P 500 index |
| Minimum tick | 0.25 index points |
| Tick value | $12.50 |
| Point value | $50 |

The most traded equity index future in the world and the benchmark for US large-cap stocks. Deep liquidity, tight spreads and a tick worth $12.50 make it the default contract for futures day traders.

Micro contract: [MES - Micro E-mini S&P 500](https://getfundednow.com/futures/contracts/mes-micro-e-mini-sp-500), $1.25 per tick.

## How much room a funded account gives you on ES

Every Get Funded Now futures account has a 3% maximum drawdown. Divided by ES's $12.50 tick, that is how far one contract can move against you before the account is breached. Trading your full position limit divides that room by the number of contracts.

| Account | Max drawdown | Ticks of room, 1 ES | Max contracts | Ticks of room, max ES |
| --- | --- | --- | --- | --- |
| $25,000 | $750 | 60 | 2 | 30 |
| $50,000 | $1,500 | 120 | 4 | 30 |
| $75,000 | $2,250 | 180 | 5 | 36 |
| $100,000 | $3,000 | 240 | 6 | 40 |
| $150,000 | $4,500 | 360 | 9 | 40 |

Size a trade from your stop with the [futures position size calculator](https://getfundednow.com/futures/tools/futures-position-size-calculator), or see [how end-of-day trailing drawdown works](https://getfundednow.com/futures/end-of-day-drawdown).

Specifications are set by the exchange and are published here for reference. Check the [futures rules](https://getfundednow.com/futures/rules) for the instruments available on your account.

## Questions

### What is the tick value of ES?

One ES tick (0.25 index points) is worth $12.50 per contract.

### How much is one point on ES?

A full one-point move is worth $50 per contract.

### What does one ES contract represent?

$50 x the S&P 500 index, traded on CME.

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Source: https://getfundednow.com/futures/contracts/es-e-mini-sp-500
Facts about Get Funded Now in one file: https://getfundednow.com/llms.txt