Free calculator
Futures P&L Calculator
Calculate P&L for a futures trade using the real point value for the contract — the same lookup table Fillbook's journal uses to score every logged futures trade.
Your trade
Your result
$500.00
ES has a point value of $50.00 per point and a tick size of 0.25 — P&L moves in increments of the tick size times the point value per contract.
The formula
P&L = (exit − entry) × contracts × point value
Point value is fixed per contract by the exchange (for example, the E-mini S&P 500 moves $50 per full point per contract, its Micro moves $5). Multiplying the price move by the point value and the number of contracts gives P&L directly — no separate "per share" conversion the way stock P&L works.
Worked example
You go long 2 contracts of ES at 5800 and exit at 5810 — a 10-point move. P&L = 10 × 2 × $50 = $1,000. The same 10-point move on 1 contract of MES (the Micro, $5 point value) would be $50 instead.
Common mistakes
Treating every futures contract like it moves the same dollar amount per point is the most common error — ES and MES track the same index but are 10x apart in point value, and metals, currencies, and bonds all have their own point values entirely unrelated to their price. Always confirm the point value for the specific contract before sizing a trade.
Get contract math right on every trade, automatically
Fillbook calculates futures P&L, R-multiple, and position sizing per contract automatically — no manual lookup, no spreadsheet formula.
Start free →Frequently asked questions
These are the standard exchange-specified point values for each contract's full-size and micro versions, the same values Fillbook's journal uses to calculate P&L for every logged futures trade automatically.
No — this is gross P&L from price movement only. Your actual net result will be lower by whatever your broker or prop firm charges per side; see the fee guide for current commission rates across brokers and prop firms.
Yes — connect a broker or platform, or import a CSV, and Fillbook calculates P&L per contract using the correct point value automatically, without you looking anything up.
See how this fits into futures-specific journaling on Futures Trading Journal — Fillbook.Use this alongside Futures Position Sizing — Fillbook.