VXM tick value & contract specs
Mini VIX Futures (VXM) futures trade on CFE. The price moves in ticks of 0.01, each tick is worth $1 per contract, and a full one-point move is worth $100 per contract.
VXM contract specifications
| Symbol | VXM |
|---|---|
| Contract | Mini VIX Futures |
| Exchange | CFE |
| Tick size | 0.01 |
| Tick value (per contract) | $1 |
| Point value (per contract) | $100 |
| Ticks per point | 100 |
This is the smaller version of VX (Cboe Volatility Index (VIX) Futures), which is worth $50 per tick. VX specs →
VXM ticks to dollars
10 ticks × 1 contract = $10
VXM tick value table
Dollar value of a move in VXM before commissions, at $1 per tick per contract.
| Ticks | 1 contract | 2 contracts | 5 contracts | 10 contracts |
|---|---|---|---|---|
| 1 | $1 | $2 | $5 | $10 |
| 4 | $4 | $8 | $20 | $40 |
| 10 | $10 | $20 | $50 | $100 |
| 20 | $20 | $40 | $100 | $200 |
| 40 | $40 | $80 | $200 | $400 |
Worked example
You buy 2 VXM contracts and the price rises 10 ticks. Profit before fees = 10 ticks × $1 × 2 contracts = $20. The same move against you is a loss of the same amount.
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Start free trial →Frequently asked questions
$1 per contract. VXM moves in increments of 0.01, and each increment changes the value of one contract by $1.
$100 per contract. One point is 100 ticks of 0.01.
No. They are gross values from price movement alone. Your net result is lower by your broker's or prop firm's per-side fees; the fee guide lists current rates.
Futures P&L calculator with VXM selectedFutures Position Size Calculator (Free, No Signup) — FillbookVIX Futures Trading Journal — FillbookAll futures tick values
These are the tick and point values Fillbook uses to calculate P&L on every logged VXM trade. Confirm specifications with the exchange before trading. CFE contract specifications