What is one tick worth on 30-Day Fed Funds (ZQ)?

$20.84 per contract - the contract moves in 0.005 increments.

What is a full point worth on ZQ?

$4,167.00 per contract (tick value ÷ tick size).

30-Day Fed Funds Futures Calculator

ZQ · CBOT · tick 0.005 = $20.84 · point = $4,167.00

Contract

Direction

Entry price

Exit price

Contracts

Round-turn fee per contract ($, optional)

Worked example - A 10-tick move on 1 30-Day Fed Funds contract (ZQ) is $208.35 - tick size 0.005 × tick value $20.84.

Exchange	CBOT
Symbol	ZQ
Contract unit	$4,167 x IMM index
Tick size	0.005
Tick value	$20.84
Point value	$4,167.00
Quote note	expiring month ticks at 0.0025 = $10.4175 from the Sunday before the spot month

Full contract details: 30-Day Fed Funds specifications · positioning: 30-Day Fed Funds COT report · history: CSV.

FAQ

What is one tick worth on 30-Day Fed Funds (ZQ)?: $20.84 per contract - the contract moves in 0.005 increments.
What is a full point worth on ZQ?: $4,167.00 per contract (tick value ÷ tick size).
How much is a 10-tick move on ZQ?: $208.35 per contract.

More futures tools

Trading P&L calculator Position size calculator Stop loss / take profit Leverage calculator Tick value calculator Margin calculator Contract specs

Calculators are arithmetic on contract specifications, not advice. Futures trading involves substantial risk of loss. Specs from exchange sources, verified 2026-07-25 - methodology.