Calendar spread tick versus outright tick, dollars per contract, CME specifications, September 2026
Answered against 22 years of US equities and 12 years of US options data and published with the query that produced it. This result is stored as of 2026-09-16, from Futures Tick Size and Tick Value Explained.
| ticker | outright_tick_usd | spread_tick_usd | outright_to_spread_ratio |
|---|---|---|---|
| ES | 12.5 | 2.5 | 5 |
| MES | 1.25 | 0.25 | 5 |
| NQ | 5 | 1 | 5 |
| MNQ | 0.5 | 0.1 | 5 |
| CL | 10 | 10 | 1 |
| MCL | 1 | 1 | 1 |
| GC | 10 | 10 | 1 |
| MGC | 1 | 1 | 1 |
| ZN | 15.625 | 7.8125 | 2 |
| ZB | 31.25 | 7.8125 | 4 |
- Rows × columns
- 10 × 4
- Computed
- Completeness
- No missing values
- Source
- US exchange, SIP and OPRA market data
- Licence
- Strasmore terms · free, no signup
What each column holds
| Column | Type | Range | Notes |
|---|---|---|---|
ticker |
text | 10 distinct values (CL, ES, GC…) | |
outright_tick_usd |
number | 0.5 to 31.25 | US dollars |
spread_tick_usd |
number | 0.1 to 10 | US dollars |
outright_to_spread_ratio |
number | 1 to 5 | ratio or rate |
Computed from Strasmore's warehouse of US exchange, SIP and OPRA market data. Equity prices are delayed; options greeks and implied volatility are end-of-day. This result is stored, not recomputed on load — it is exactly the numbers that were returned on , and the query below is what returned them.
Run it yourself
This is the exact query behind the result above. Change a ticker, a date or a column and run it against the warehouse — no account, no key. The no-signup tier is smaller than the one this page was computed on; a query that reaches past it comes back saying which plan runs it.
SELECT
ticker,
outright_tick_usd,
spread_tick_usd,
round(outright_tick_usd / spread_tick_usd, 2) AS outright_to_spread_ratio
FROM
(
SELECT 1 AS id, 'ES' AS ticker, 12.50 AS outright_tick_usd, 2.50 AS spread_tick_usd
UNION ALL SELECT 2, 'MES', 1.25, 0.25
UNION ALL SELECT 3, 'NQ', 5.00, 1.00
UNION ALL SELECT 4, 'MNQ', 0.50, 0.10
UNION ALL SELECT 5, 'CL', 10.00, 10.00
UNION ALL SELECT 6, 'MCL', 1.00, 1.00
UNION ALL SELECT 7, 'GC', 10.00, 10.00
UNION ALL SELECT 8, 'MGC', 1.00, 1.00
UNION ALL SELECT 9, 'ZN', 15.625, 7.8125
UNION ALL SELECT 10, 'ZB', 31.25, 7.8125
) AS spreads
ORDER BY id
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