Futures Size Ladder
CME · CBOT · NYMEX · COMEX · Coinbase Derivatives

Futures Size Ladder: E-mini → Micro → Nano

Each family steps down 10× per rung. Notional is multiplier × price, so it moves every tick. Edit any price below and every row recalculates.

Full÷10 → Micro÷10 → Nano ROBINHOOD launch partner for CME E-nano

Underlying prices

Snapshot Oct 29–30, 2026 ·
P&L if the underlying rises
Intraday leverage = 1-contract notional ÷ day-trade margin (the most the broker lets you run): ≤10× 10–50× >50× a 2% move can exceed posted margin
“vs equity” = position notional ÷ account equity (what you're actually running): ≤1× 1–3× 3–10× >10×
Initial margin source: repreported figure scaled10× / 100× from a reported E-nano margin estestimate; check your broker Day margin: brokerOptimus published day rate · no day rateuses overnight Orange margin = more than your equity

Liquidity check

  • NNQ is the busiest E-nano, around 50k contracts a day in mid-October.
  • NES ran far thinner (peak above 10k on Sep 24). N2K is lighter still.
  • Expect wider spreads on nanos than on MES / MNQ.

Margin and fees

  • Reported exchange margin: NNQ ≈ $474 initial, NES ≈ $287 initial. E-mini and Micro S&P / Nasdaq figures are scaled from these. ZN is 110% of the $1,875 maintenance margin.
  • Rows tagged "est" use a rough % of notional. Exchanges reset margins often, especially in crude and crypto. Your broker's number is the one that counts.
  • Day-trade margins are broker-set (Optimus: $50 MES, $100 MNQ) and drop to overnight levels at the close. Nano day rates here are micro ÷ 10 estimates; Robinhood's may differ.
  • Per-side fees are a bigger share of a nano trade. At ~$1.22 round-trip, NES needs about 5 ticks just to cover costs.

Sources