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CoW Protocol (COW) Long/Short Ratio

COWCOW$0.1347+22.87%LongShort

Derivatives (24h)

BuySell
Open Interest+237.07%$8.99M
Futures Volume+747.81%$88.18M
Liquidation+1279.95%$492.26K
Long Liquidation+657.00%$273.78K
Short Liquidation—$218.48K

Long/Short (24h)

LongShort
COW Long/Short All0.981
Binance Long/Short0.976
Bybit Long/Short0.977
Bitget Long/Short1.024
BingX Long/Short0.928

Funding Rate

COW OI-Weighted (4h)-0.7638%
Binance COW/USDT (4h)-0.6582%
Bybit COW/USDT (4h)-1.0334%
Bitget COW/USDT (4h)-0.5586%
Aster COW/USDT (4h)-0.6131%
L/S Ratio · 1HThe long/short ratio measures how futures traders are positioned by comparing the long side of a market to the short side — most commonly the number of accounts holding longs versus shorts. Learn more →1.01
Change · 1H—
Long %50.3%
Short %49.7%
BALANCED CROWDLong/short taker flow near balanceAutomated rule-based market summary, for informational purposes only. Not financial advice.

COW Long/Short Ratio Chart · Perpetual · Aggregated

Position Imbalance · vs 50% · per 1hlongs dominantshorts dominantCOW price
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View COW liquidation heatmap →Where leveraged longs and shorts get liquidated · Binance, Bybit, OKX, Hyperliquid and more
Long/Short Ratio by Exchange · Top 105 by OI
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Exchanges COW Long/Short Ratio

Exchanges% Long/ShortRatioLong VolumeShort Volume
ΣAll Exchanges
50.38%49.62%
1.015$5.25M$5.17M
BBinance
49.90%50.10%
0.996$3.91M$3.92MTrade
BBybit
50.74%49.26%
1.030$715.00K$694.07KTrade
BBitget
55.58%44.42%
1.251$390.83K$312.39KTrade
BBingX
42.55%57.45%
0.741$85.44K$115.37K
MMEXC
63.19%36.81%
1.716$60.56K$35.29KTrade
GGate
49.15%50.85%
0.966$44.20K$45.74KTrade
KKuCoin
49.44%50.56%
0.978$27.79K$28.43KTrade
AAster
52.73%47.27%
1.115$13.73K$12.31K

Long/short ratio is taker buy vs sell volume (USD). Live candles update about every 10 seconds; intraday figures are finalized nightly.

Over the past 24 hours the COW long/short ratio averages 0.981 — aggressive sellers outweigh buyers in taker flow. Put differently, 49.5% of COW taker volume is long and 50.5% is short — COW short positioning is above half the flow. On the most recent hour the ratio sits at 1.014, tilting further toward longs versus the daily average. Among individual exchanges, Aster shows the most one-sided positioning at 1.365. Learn more about how the long/short ratio works →

Compare long/short ratios across all coins →

About the COW long/short ratio

The CoW Protocol long/short ratio (COW long short ratio) divides taker buy volume by taker sell volume on COW perpetual futures — the quickest read on whether CoW Protocol short or long positioning dominates. This page charts it from 5-minute up to daily candles, with a per-exchange breakdown below the chart.

A reading above 1 means aggressive buying dominates COW taker flow; below 1, selling dominates. The aggregate covers every tracked derivatives exchange, excludes venues reporting no data, and refreshes continuously.

Frequently asked questions

What is the COW long/short ratio right now?

Taker flow over the past 24 hours puts the COW long/short ratio at 0.981, meaning sellers are in control of taker flow.

How much of COW is short right now?

50.5% of COW taker volume is short versus 49.5% long over the past 24 hours, a ratio of 0.981. The share bar above tracks the split live.

Which exchange is most one-sided on COW?

Aster currently leans hardest toward longs with a 24-hour ratio of 1.365. The table below compares every venue.

What does a COW long/short ratio of 0.981 mean?

The ratio divides taker buy volume by taker sell volume: above 1, aggressive buying dominates; below 1, selling dominates. At 0.981, COW sell volume currently outweighs buy volume.

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