CoW Protocol (COW) Perpetual Futures Market Data
CoW Protocol (COW) perpetual futures trade across 11 venues with $7.50M in 24-hour volume and $4.24M in aggregate open interest. The cross-venue average COW mark price is $0.14054884.
The most active COW venue is BINGX ($6.53M 24h volume, $985.57K OI). Funding rates across the venue set range from -8.20 bps to 1.00 bps.
Price dispersion is wide — COW trades within a 3.94% band from $0.1397 on BINANCE to $0.1452 on ASTER.
COW Exchange Breakdown
| Exchange | Price | 24h Volume | Open Interest | Funding (bps) | Funding APY |
|---|---|---|---|---|---|
| BINGX | $0.14 | $6.53M | $985.57K | 1.00 bps | 10.95% APY |
| BINANCE | $0.1397 | $574.09K | $1.17M | 1.00 bps | 10.95% APY |
| BYBIT | $0.13979 | $142.27K | $462.51K | -3.10 bps | -33.95% APY |
| MEXC | $0.1401 | $114.94K | $108.54K | 1.00 bps | 10.95% APY |
| BITGET | $0.1414 | $59.45K | $171.44K | 1.00 bps | 10.95% APY |
| PHEMEX | $0.1398 | $48.04K | $849.10K | 1.00 bps | 10.95% APY |
| GATEIO | $0.14 | $18.64K | $64.73K | 1.00 bps | 10.95% APY |
| KUCOIN | $0.1401 | $13.95K | $403.75K | -0.10 bps | -1.09% APY |
| ASTER | $0.1452 | $999.99 | $6.48K | -8.20 bps | -89.79% APY |
| VARIATIONAL | $0.13976721 | $64.96 | $9.18K | -1.10 bps | -12.04% APY |
| CRYPTOCOM | $0.14018 | $0 | $0 | n/a | n/a |
Last updated 2026-07-07T22:30:18Z (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 | $0.14000 | -4.8% | +0.0100% | +0.0110% | — | |||
| #2 |  Binance | $0.13970 | -4.8% | +0.0100% | +0.0090% | $31.68 | |||
| #3 |  Bybit | $0.13979 | -5.0% | -0.0310% | +0.0070% | $20.97 | |||
| #4 |  MEXC | $0.14010 | -4.7% | +0.0100% | +0.0090% | — | |||
| #5 |  Bitget | $0.14140 | -4.4% | +0.0100% | +0.0090% | — | |||
| #6 |  Phemex | $0.13980 | -4.6% | +0.0100% | +0.0100% | — | |||
| #7 |  Gate.io | $0.14000 | -4.2% | +0.0100% | +0.0100% | — | |||
| #8 |  KuCoin | $0.14010 | -5.2% | -0.0010% | +0.0080% | — | |||
| #9 |  Aster | $0.14520 | -3.9% | -0.0820% | -0.0240% | — | |||
| #10 |  Variational | $0.13977 | -4.6% | -0.0110% | +0.0100% | — | |||
| #11 |  Crypto.com | $0.14018 | -0.0% | — | — | — |
Related: COW funding rate, COW open interest, COW volume.