CoW Protocol (COW) Perpetual Futures Open Interest | Exchange Breakdown

Track CoW Protocol (COW) perpetual futures open interest across 25+ centralized and decentralized exchanges. View real-time aggregate OI in USD, per-exchange breakdown, and 24-hour positioning changes for COW derivatives.

COW Open Interest by Exchange

Compare COW perpetual futures open interest on Binance, Bybit, OKX, Hyperliquid, Bitget, BingX, Gate.io, MEXC, KuCoin, Drift, and other exchanges. See which venues hold the largest COW positions and how open interest shifts between centralized and decentralized platforms over time.

Why Track COW Open Interest?

Open interest measures the total value of outstanding COW perpetual futures contracts. Rising OI alongside price increases signals strong conviction; rising OI with falling price suggests aggressive short positioning. Monitor COW OI trends across exchanges to gauge market sentiment, identify crowded trades, and anticipate potential liquidation cascades.

Key COW OI Metrics

• Aggregate OI: Total COW perpetual futures open interest in USD across all tracked exchanges with 24-hour change percentage.
• Exchange Breakdown: Per-exchange COW OI with share percentages showing where positions are concentrated.
• Historical Charts: Time-series COW open interest data to identify accumulation and deleveraging patterns.