SPX500 Pip Value Calculator

SPX500 Pip Value Calculator

Calculate the exact pip value for SPX500 trades. SPX500 has a pip size of 0.01 and a contract size of 1 index point, making each pip worth $0.01 per lot.

SPX500 Specifications

• Symbol: SPX500
• Pip Size: 0.01
• Contract Size: 1 index point
• Pip Value per Lot: $0.01 per lot

Python Example

from gfil_calculators.pip_value import calculate_pip_value

result = calculate_pip_value("SPX500", 1.0, "USD")
print(f"1 pip = ${result['one_pip']}")