futuresspecs

CME · Crypto · Futures

Ether Futures (ETH)

CME Ether futures (ETH): 50 ether, cash-settled against the CME CF Ether-Dollar Reference Rate.

Tick size / value
0.50 $/ETH = $25.00
Point value
$5,000 / $100
Active contract
ETHV26 Oct 2026
Next roll
Oct 23 in 24 days
Globex right now
Checking…
01

Contract specifications

Exchange
Chicago Mercantile Exchange (CME Group)
Underlying
CME CF Ether Reference Rate
Contract unit
50 ether
Minimum tick
$0.50 per ether = $25.00 per contract
Point value
$5,000.00 per $100 move in ether · 200 ticks per $100
Price quotation
U.S. dollars per ether
Contract months
Monthly (plus additional quarterly months)
Settlement
Financially settled (cash)
Final settlement
Cash-settled to the CME CF Ether Reference Rate at 4:00 p.m. London time
Termination of trading
Last Friday of the contract month (4:00 p.m. London); preceding business day if that Friday is not a business day
Globex code
ETH
Contract sizes compared
SymbolContractPer $100Tick valueSize
ETHEther$5,000.00$25.00This contract
METMicro Ether$10.00$0.050.1 ether (1/500 of ETH)

Source: CME Group contract specifications · reviewed Sep 30, 2026

02

Roll dates, first notice & expiration

ContractRoll dateFirst noticeLast trading dayDays left
ETHV26 Oct 2026 Active Fri, Oct 23, 2026 n/a Fri, Oct 30, 2026 31
ETHX26 Nov 2026 Thu, Nov 19, 2026 n/a Fri, Nov 27, 2026 59
ETHZ26 Dec 2026 Thu, Dec 17, 2026 n/a Thu, Dec 24, 2026 holiday-adjusted 86
ETHF27 Jan 2027 Fri, Jan 22, 2027 n/a Fri, Jan 29, 2027 122
ETHG27 Feb 2027 Fri, Feb 19, 2027 n/a Fri, Feb 26, 2027 150
ETHH27 Mar 2027 Thu, Mar 18, 2027 n/a Thu, Mar 25, 2027 holiday-adjusted 177

Roll. The date shown is five business days before the last trading day; volume usually moves to the next month around then.

First notice day. None – the contract is cash-settled, so there is no delivery and no first notice day.

Last trading day. Last Friday of the contract month; the preceding business day if that Friday is a holiday.

US exchange holidays ahead: Nov 26 · Dec 25 · Jan 1 · Jan 18 · Feb 15

Calculated from exchange rules and the US exchange holiday calendar. Confirm with the CME Group expiration calendar.

03

Trading hours (ET / CT)

SessionEastern (ET)Central (CT)Your time
CME Globex (electronic)Sun–Fri 6:00 p.m. – 5:00 p.m.Sun–Fri 5:00 p.m. – 4:00 p.m. –
Daily maintenance breakMon–Thu 5:00 – 6:00 p.m.Mon–Thu 4:00 – 5:00 p.m. –

Holiday hours differ – check the exchange holiday calendar before trading around US holidays. ET is New York time, CT is Chicago time (always one hour behind ET).

04

Margins

CME Group maintenance margin per contract, outright position · as of Sep 30, 2026
ContractLong positionShort position
ETHV26 Oct 2026 Active –$40,290
ETHX26 Nov 2026 –$40,448
ETHZ26 Dec 2026 –$40,628
ETHF27 Jan 2027 –$40,868

Exchange margins are the minimum your clearing firm must collect for positions held overnight. Brokers may require more – and usually offer much lower day-trading margins for positions closed before the session ends. A neutral broker day-margin comparison is coming soon.

05

COT positioning

CFTC Traders in Financial Futures (TFF), futures only · positions as of Tue, Sep 22, 2026 · released Sep 25, 2026

Dealers / Intermediaries

+12,372 net contracts

+1,801 vs. prior week · +41.3% of OI

COT Index 26 wk 100
COT Index 3 yr 70

Movement (6 wk): +25

Banks and dealers on the other side of client flow. Tend to act contrarian – selling strength, buying weakness.

Asset Managers

−1,492 net contracts

+428 vs. prior week · −5.0% of OI

COT Index 26 wk 43
COT Index 3 yr 23

Movement (6 wk): +17

Asset managers and funds, including ETF-related hedging and institutional allocations.

Leveraged Funds

−10,617 net contracts

−2,895 vs. prior week · −35.4% of OI

COT Index 26 wk 29
COT Index 3 yr 50

Movement (6 wk): −31

Hedge funds and CTAs – including the cash-and-carry basis trade against spot ETFs, which shows up as net shorts.

Net positions, last 3 years contracts, long minus short
Dealers / IntermediariesAsset ManagersLeveraged Funds
COT Index, 3-year window 0 = most net short in 3 years, 100 = most net long · shaded: extreme zones
Dealers / IntermediariesLeveraged Funds
Traders in Financial Futures (TFF) · open interest 29,985 (+1,572 w/w)
GroupLongShortNet Δ 1 wkΔ 4 wkIndex 26 wkIndex 3 yrMove 6 wk
Dealers / Intermediaries 21,7659,393+12,372 +1,801+1,142 10070+25
Asset Managers 1,8373,329−1,492 +428+711 4323+17
Leveraged Funds 2,60313,220−10,617 −2,895−2,232 2950−31
Other Reportables 1791,198−1,019 +104−332 763−8
Nonreportables 1,215459+756 +562+711 4242+16
Legacy Report · open interest 29,985 (+1,572 w/w) · WILLCO (26 wk, commercials vs. OI): 74
GroupLongShortNet Δ 1 wkΔ 4 wkIndex 26 wkIndex 3 yrMove 6 wk
Commercials 1663,281−3,115 +234−155 5935+35
Non-Commercials 26,29823,939+2,359 −796−556 4057−43
Nonreportables (small) 1,215459+756 +562+711 4242+16
Weekly net positions, last 12 reports (Traders in Financial Futures (TFF))
Report dateDealers / IntermediariesAsset ManagersLeveraged FundsOther ReportablesNonreportablesOpen interest
Sep 22, 2026+12,372−1,492−10,617−1,019+75629,985
Sep 15, 2026+10,571−1,920−7,722−1,123+19428,413
Sep 8, 2026+9,403−1,653−7,286−945+48126,564
Sep 1, 2026+7,358−1,434−5,325−1,056+45724,619
Aug 25, 2026+11,230−2,203−8,385−687+4526,868
Aug 18, 2026+7,528−3,076−4,395−252+19522,684
Aug 11, 2026+7,402−3,119−3,998−388+10321,970
Aug 4, 2026+6,996−3,619−3,205−324+15220,431
Jul 28, 2026+9,038−3,472−5,396−278+10823,853
Jul 21, 2026+9,163−2,420−7,053−125+43523,667
Jul 14, 2026+9,175−1,406−7,961−64+25622,539
Jul 7, 2026+9,451−2,109−7,309−174+14121,746
How to read these numbers
  • Net position = long minus short contracts (spread positions excluded).
  • COT Index = where today's net position sits within its range over the window: 100 × (net − min) / (max − min). It is a stochastic, not a percentile. Readings above 80 or below 20 are commonly treated as positioning extremes (after Stephen Briese and Larry Williams).
  • Movement Index = change of the 3-year COT Index over 6 weeks. Moves of ±40 points mark unusually fast repositioning.
  • WILLCO (Legacy report) = COT Index of commercials' net position as a share of open interest, 26-week window.
  • Positions are as of Tuesday and released Friday at 3:30 p.m. ET. COT data shows positioning, not timing – it is context, not a trading signal. Open-interest-based indicators are left out for stock index futures because quarterly expirations distort open interest.

Source: CFTC Public Reporting Environment · contract market code 146021 (ETHER CASH SETTLED - CHICAGO MERCANTILE EXCHANGE)

06

ETH profit & loss calculator

Price change– Ticks– Profit / loss–

Before commissions and exchange fees. Prices round to the nearest tick of 0.50.

07

FAQ

What is the tick value of Ether futures (ETH)?

One tick is $0.50 per ether, worth $25.00 per contract. A $100 move in ether is worth $5,000.

What does the COT Index show?

The COT Index places a group's current net position within its own range over a lookback window: 100 = the most net long in that window, 0 = the most net short. It measures positioning extremes, not timing.