CoW Protocol (COW) Perpetual Futures Market Data
CoW Protocol (COW) perpetual futures trade across 10 venues with $9.11M in 24-hour volume and $6.07M in aggregate open interest. The cross-venue average COW mark price is $0.16724262.
The most active COW venue is BINGX ($6.49M 24h volume, $1.73M OI). Funding rates across the venue set range from 1.00 bps to 3.60 bps.
Price dispersion is wide — COW trades within a 7.03% band from $0.1579 on ASTER to $0.169 on KUCOIN.
COW Exchange Breakdown
| Exchange | Price | 24h Volume | Open Interest | Funding (bps) | Funding APY |
|---|---|---|---|---|---|
| BINGX | $0.168 | $6.49M | $1.73M | 1.00 bps | 10.95% APY |
| BINANCE | $0.1683 | $1.13M | $1.74M | 1.00 bps | 10.95% APY |
| KUCOIN | $0.169 | $992.06K | $359.35K | 3.60 bps | 39.42% APY |
| BITGET | $0.168 | $188.01K | $288.68K | 1.00 bps | 10.95% APY |
| BYBIT | $0.16821 | $111.95K | $646.39K | 1.00 bps | 10.95% APY |
| PHEMEX | $0.1678 | $78.85K | $973.24K | 1.00 bps | 10.95% APY |
| MEXC | $0.1682 | $66.32K | $248.21K | 1.00 bps | 10.95% APY |
| GATEIO | $0.169 | $48.11K | $66.57K | 1.00 bps | 10.95% APY |
| ASTER | $0.1579 | $3.69K | $8.42K | 1.00 bps | 10.95% APY |
| VARIATIONAL | $0.16801622 | $574.56 | $2.21K | 1.00 bps | 10.95% APY |
Last updated 2026-05-23T21:20:27.489868Z (UTC).
CoW Protocol Funding Rates
Across exchanges over time (APY)
CoW Protocol Volume
Per exchange breakdown
CoW Protocol Open Interest
Per exchange breakdown
CoW Protocol Exchange Breakdown
Rank | Exchange | Price | Price (24h%) | Volume (24h) | Open Interest | Funding (8h) | Funding (7d Avg) | Liquidation (24h) | Trade |
|---|
| #1 |  BingX | $0.16800 | +2.2% | +0.0100% | +0.0100% | — | |||
| #2 |  Binance | $0.16830 | +3.4% | +0.0100% | +0.0090% | $18.03K | |||
| #3 |  KuCoin | $0.16900 | +3.1% | +0.0360% | +0.0130% | — | |||
| #4 |  Bitget | $0.16800 | +2.5% | +0.0100% | +0.0100% | $4.90K | |||
| #5 |  Bybit | $0.16821 | +2.2% | +0.0100% | +0.0080% | $4.78 | |||
| #6 |  Phemex | $0.16780 | +1.6% | +0.0100% | +0.0100% | — | |||
| #7 |  MEXC | $0.16820 | +2.3% | +0.0100% | +0.0090% | — | |||
| #8 |  Gate.io | $0.16900 | +2.4% | +0.0100% | +0.0100% | — | |||
| #9 |  Aster | $0.15790 | -6.9% | +0.0100% | -0.0210% | — | |||
| #10 |  Variational | $0.16802 | +2.4% | +0.0100% | +0.0090% | — |
Related: COW funding rate, COW open interest, COW volume.