NQ / MNQ point-value calculator
How much is one NQ or MNQ point worth?
One NQ contract pays $20 per point and $5 per tick. One MNQ pays $2 per point and $0.50 per tick. See what a move means for your position.
Gross profit / loss for this move
$40.00
Per point
$2.00
Per tick
$0.50
20 points = 80 ticks. 1 MNQ × $2 per point.
A perp unit is not a CME contract.
For an index perp paying $1 per point per unit, 2 units have the same dollar sensitivity to a one-point move as 1 MNQ; 20 units match 1 NQ. Check your platform’s unit definition. The futures and perp prices can differ.
Leverage changes margin required, not profit or loss per point for a fixed position size. Results exclude trading fees and slippage.
Example: a 20-point Nasdaq move
A long position of 3 MNQ gains $120 if price rises 20 points: 3 × $2 × 20. The same move against the position loses $120 before fees. One NQ would gain or lose $400.
Does leverage change point value?
No. Contract count and the contract multiplier set dollars per point. Leverage affects the margin needed to hold exposure. Increasing quantity changes both P&L and risk.
Is one Nasdaq perp unit one NQ?
No. A platform may display a familiar Nasdaq symbol while using a different position unit. If one perp unit pays $1 per point, 20 units match one NQ’s dollar-per-point sensitivity. Equal dollar exposure also depends on the two instruments’ prices.
Are points and ticks the same?
For NQ and MNQ, four 0.25-point ticks make one full index point. The multipliers come from CME contract specifications.