MES is one-tenth the size of ES: $5 versus $50 per index point and $1.25 versus $12.50 per 0.25-point tick.
| MES tick | $1.25 |
|---|---|
| ES tick | $12.50 |
| Ratio | 10 MES = 1 ES exposure |
How it works
A 10-point move equals $50 per MES or $500 per ES before fees.
- Define the contract and expiration month
- Convert the price move into points and ticks
- Multiply by the contract's verified point or tick value
- Account for fees, liquidity, and risk limits
Worked example
Both reference the S&P 500. A two-contract position moving 10 ticks changes by 20 total contract-ticks. The dollar result equals those contract-ticks multiplied by the product's tick value.
Risk and common mistakes
Fees per dollar of exposure may differ, and ten micros are not always operationally identical to one E-mini.
- Confusing margin with maximum possible loss
- Using the wrong micro or E-mini multiplier
- Ignoring expiration, maintenance breaks, or economic events
- Sizing from desired profit instead of predefined risk
Use the related calculator
Model the contract values and risk with your own inputs before planning a simulated trade.
Open calculator →Frequently asked questions
What is the most important point about mes vs. es futures?+
MES is one-tenth the size of ES: $5 versus $50 per index point and $1.25 versus $12.50 per 0.25-point tick.
Is this information personalized financial advice?+
No. ORIVECT Education provides general educational information. Contract selection, leverage, and risk decisions require your own judgment and current official documentation.
Where can I verify the current contract specification?+
Use the official exchange source linked from the relevant ORIVECT market reference page. Trading hours, margin, and holiday schedules can change.