What is the tick value for MBT?

$0.50 per tick — a 5 tick size × a $0.10 multiplier (point value).

What is one MBT contract worth?

One contract represents 0.1 bitcoin. Notional value = price × $0.10; use the tick value calculator with the current price for an exact figure.

Which exchange lists MBT?

Micro Bitcoin (MBT) trades on the CME.

What are the trading hours for MBT?

Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:00pm–6:00pm ET.

How much margin do I need to trade MBT?

Margin varies by broker and is high relative to notional compared with traditional futures, reflecting bitcoin's volatility.

What are the MBT contract months?

MBT lists January, February, March, June, September, October, November and December. The nearest months are listed serially, with quarterly contracts further out.

What does MBTZ2026 mean?

It is one specific MBT contract: the root MBT, the delivery-month code Z, and the year. Z is December, so MBTZ2026 is the December 2026 contract. The codes run F G H J K M N Q U V X Z for January through December — I and L are skipped because they read as 1 and 7 on a ticker.

What is MBT00, MBT1! or /MBT?

All three name the same thing: the continuous front-month MBT contract, written differently by different platforms. Barchart uses MBT00, TradingView MBT1!, thinkorswim and tastytrade /MBT, Yahoo Finance MBT=F, and MBT on social media is usually written $MBT. None of them is a separate instrument — each stitches together whichever dated contract is currently the front month.

How is P&L calculated for MBT?

P&L = (exit price − entry price) ÷ 5 tick size × $0.50 tick value × number of contracts. Use the tick value calculator to compute this directly.

CME

Micro Bitcoin (MBT) Tick Value & Contract Specs

Tick value $0.50 per tick — 0.1 bitcoin.

Micro Bitcoin futures (MBT) hold 0.1 bitcoin per contract, which makes the multiplier fractional and the tick unusually small in dollar terms. The minimum increment is $5.00 per bitcoin, so one tick is $0.50 per contract and a $100 move in bitcoin is $10. That is a genuinely small unit of risk for an asset that regularly covers several thousand dollars in a session.

The appeal of MBT over spot is what sits behind it rather than what it tracks. These are CME-listed, centrally cleared, cash-settled contracts regulated as US futures, so there is no exchange custody risk, no withdrawal queue and no counterparty question — the concerns that have repeatedly cost spot holders their positions. Settlement references the CME CF Bitcoin Reference Rate rather than any single venue's print. The trade-off is session structure: futures observe the CME maintenance halt and settle daily against a fixed benchmark, while spot runs continuously, so the two can diverge around the daily close. For sizing, note that the multiplier is 0.1 and not a whole number — deriving position size as though one contract equals one bitcoin overstates exposure tenfold. The calculator below is pre-filled correctly.

Exchange: CME
Contract size: 0.1 bitcoin
Tick size: 5
Tick value: $0.50
Point value (multiplier): $0.10
Trading hours: Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:00pm–6:00pm ET
Margin: Margin varies by broker and is high relative to notional compared with traditional futures, reflecting bitcoin's volatility.

Open in the tick value calculator, pre-filled for MBT View the live MBT chart on TradingView

How MBT tick value works

Tick value is the dollar amount one futures contract gains or loses when the price moves one minimum increment (one tick).

tick value = tick size × multiplier. For MBT, that is 5 × $0.10 = $0.50 per tick, per contract.

One contract represents 0.1 bitcoin. P&L for a move from entry to exit is (exit − entry) ÷ tick size × tick value × contracts.

MBT contract months and ticker symbols

A futures ticker is three parts: the root, a one-letter delivery month, and the year. MBTZ2026 is the December 2026 MBT contract. The month letters skip I and L, which would read as 1 and 7 on a ticker.

Delivery month codes, with the months MBT lists marked
Code	Month	Listed for MBT?
F	January	Yes — MBTF
G	February	Yes — MBTG
H	March	Yes — MBTH
J	April	No
K	May	No
M	June	Yes — MBTM
N	July	No
Q	August	No
U	September	Yes — MBTU
V	October	Yes — MBTV
X	November	Yes — MBTX
Z	December	Yes — MBTZ

The nearest months are listed serially, with quarterly contracts further out.

Which MBT contract am I looking at?

Most charts default to the continuous front-month series rather than a dated contract — one stitched-together chart that rolls to the next month as the current one nears expiry. Every platform spells it differently, which is why the same contract appears under so many names.

Written as	Platform	Meaning
MBT1!	TradingView	Continuous front-month contract. "2!" is the next one out, and a dated contract is written in full, e.g. MBTZ2026.
MBT00	Barchart	Continuous front-month series. "MBTZ26" style codes name a specific month and year instead.
MBTc1	Refinitiv / Reuters	Continuous front month; c2 is the second month out.
/MBT	thinkorswim, tastytrade	The leading slash marks it as a future rather than a stock. A specific month is /MBTZ26.
MBT=F	Yahoo Finance	The "=F" suffix denotes the front-month futures series.
$MBT	StockTwits, social	A cashtag, not an exchange symbol. It usually means the front month, but it is informal and ambiguous.

A dated code such as MBTZ26 always means one specific contract; the continuous forms never do. Check which you are quoting before comparing a price to someone else’s — around a roll they differ.

Frequently asked questions

What is the tick value for MBT?: $0.50 per tick — a 5 tick size × a $0.10 multiplier (point value).
What is one MBT contract worth?: One contract represents 0.1 bitcoin. Notional value = price × $0.10; use the tick value calculator with the current price for an exact figure.
Which exchange lists MBT?: Micro Bitcoin (MBT) trades on the CME.
What are the trading hours for MBT?: Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:00pm–6:00pm ET.
How much margin do I need to trade MBT?: Margin varies by broker and is high relative to notional compared with traditional futures, reflecting bitcoin's volatility.
What are the MBT contract months?: MBT lists January, February, March, June, September, October, November and December. The nearest months are listed serially, with quarterly contracts further out.
What does MBTZ2026 mean?: It is one specific MBT contract: the root MBT, the delivery-month code Z, and the year. Z is December, so MBTZ2026 is the December 2026 contract. The codes run F G H J K M N Q U V X Z for January through December — I and L are skipped because they read as 1 and 7 on a ticker.
What is MBT00, MBT1! or /MBT?: All three name the same thing: the continuous front-month MBT contract, written differently by different platforms. Barchart uses MBT00, TradingView MBT1!, thinkorswim and tastytrade /MBT, Yahoo Finance MBT=F, and MBT on social media is usually written $MBT. None of them is a separate instrument — each stitches together whichever dated contract is currently the front month.
How is P&L calculated for MBT?: P&L = (exit price − entry price) ÷ 5 tick size × $0.50 tick value × number of contracts. Use the tick value calculator to compute this directly.

More futures contract specs

See all futures contract specs or use the futures contract & tick value calculator with any symbol or custom specs.

Specs last reviewed 2026-09-15. Exchanges can amend contract specs — always confirm against the exchange or your broker before trading.