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CoW Protocol (COW) Open Interest

COWCOW$0.1371+25.37%LongShort

Derivatives (24h)

BuySell
Open Interest+240.68%$9.06M
Futures Volume+747.81%$84.32M
Liquidation+1279.95%$449.60K
Long Liquidation+657.00%$246.33K
Short Liquidation—$203.27K

Long/Short (24h)

LongShort
COW Long/Short All0.985
Binance Long/Short0.980
Bybit Long/Short0.985
Bitget Long/Short1.012
BingX Long/Short0.981

Funding Rate

COW OI-Weighted (4h)-0.6439%
Binance COW/USDT (4h)-0.5949%
Bybit COW/USDT (4h)-0.8049%
Bitget COW/USDT (4h)-0.4915%
Aster COW/USDT (4h)-0.5217%
Open Interest (USD)Open interest is the total value of all futures contracts that are currently open — positions traders have entered but not yet closed, liquidated or settled. Learn more →$9.05M
Open Interest (COW)66M COW
OI Change · 1D+240.05%
OI Share · Market—

COW Open Interest Chart · Perpetual · Aggregated

Open Interesttotal OI · aggregatedCOW priceΔOI +ΔOI −
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Binance$4.36MBybit$1.92MBingX$875.72KBitget$743.37KMEXC$723.26KKuCoin$267.83K
View COW liquidation heatmap →Where leveraged longs and shorts get liquidated · Binance, Bybit, OKX, Hyperliquid and more

Exchange COW Open Interest

  • Binance$4.36M
  • Bybit$1.92M
  • BingX$875.72K
  • Bitget$743.37K
  • MEXC$723.26K
  • KuCoin$267.83K
  • Gate$163.10K
  • Aster$29.91K
ExchangesOpen InterestChange 24h%Share
ΣAll Exchanges$9.05M+240.05%—
BBinance$4.36M+247.38%48.0%Trade
BBybit$1.92M+236.90%21.2%Trade
BBingX$875.72K+339.04%9.6%
BBitget$743.37K+261.62%8.2%Trade
MMEXC$723.26K+202.99%8.0%Trade
KKuCoin$267.83K+200.04%2.9%Trade
GGate$163.10K+94.73%1.8%Trade
AAster$29.91K+49.34%0.3%

Open interest per exchange with share of the combined total and change over the selected window (1h, 4h, 12h or 24h). Heatmap area is proportional to open interest. Values update about every minute.

COW open interest currently stands at $9.06M aggregated across all tracked exchanges — an open interest surge of +240.68% over the past 24 hours. That puts COW open interest at 30-day highs. On the most recent hour, open interest is up 4.05%. That compares with $84.32M in 24-hour futures volume — a turnover of roughly 9.3× open interest, one gauge of how actively existing positions are changing hands. Learn more about how open interest works →

Compare open interest across all coins →

About COW open interest

CoW Protocol open interest (COW open interest, or COW OI) is the total value of all COW perpetual futures contracts currently open, aggregated across every tracked exchange. This page charts it over time against price and splits it venue by venue in the exchange table.

The aggregate sums every major derivatives exchange Coinfuty tracks, drops venues reporting no data, and refreshes continuously, so the total reflects the whole COW futures market rather than any single order book.

Frequently asked questions

What is COW open interest right now?

Total COW futures open interest is $9.06M as of the latest update — up 240.68% in the past 24 hours, aggregated across every exchange Coinfuty tracks.

Which exchange holds the most COW open interest?

Binance currently carries the largest COW futures book at $4.36M — about 48% of the $9.06M total. The exchange table below splits the full figure venue by venue.

Is COW open interest rising or falling?

Aggregated COW open interest is up 240.68% over the past 24 hours — an open interest surge by this page's threshold, standing at $9.06M. The chart above shows the longer trend against price.

How does COW open interest compare with trading volume?

COW futures turned over $84.32M in the past 24 hours against $9.06M of open positions — a ratio of about 9.3×. The higher the ratio, the faster exposure is changing hands.

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