COW — price, funding and open interest
COW/USDT perpetual on Binance · BingX · Bybit · HTX · Bitget · MEXC · Upbit · Gate · Coinbase · KuCoin · Kraken: price 0.1119, 24h turnover $4.6M. Updated in real time.
What this is
Decentralised financeCoW matches opposing orders directly against each other and routes only the remainder to pools. That reduces slippage and makes it harder to jump ahead of someone's trade.
Chart
Chart built from data of Bybit
COW unlocks
Full unlock calendar →No upcoming unlocks scheduled.
Past unlocks: 8
What the data shows
COW trades at 0.1119. Over 365 days it ranged between 0.099120 and 0.2849; the price now sits in the lower third of that range — 7% of the way from the yearly low to the high.
All-time high is 1.2297 (December 2024); the price is 91% below it now.
24-hour turnover is $4.6M — percentile 98 for the year: noticeably busier than usual.
Funding is +0.0046%: longs pay shorts, so positioning leans to buyers. For this coin that is an ordinary rate — percentile 24 for the month.
Over the day -4.69%, over the hour +0.18%, over the last five minutes -0.11% — the move has only just started.
The daily range is 7.9% and five-minute NATR is 0.22%. That range is at percentile 73 for the year — an ordinary day for it.
Open positions in COW are worth $4.0M. Over the past hour open interest fell by 0.46%. That is an ordinary level for this coin — percentile 71.
Traded on 11 venues: Binance, BingX, Bybit, HTX, Bitget, MEXC, Upbit, Gate, Coinbase, KuCoin, Kraken — the price is cross-checked across several sources.
NATR is 0.07% on the minute and 1.07% on the hour — the move is choppy: within an hour price travels far and comes back.
COW correlation with Bitcoin over 24 hours is 0.82 — the coin closely follows the market.
By turnover it ranks 550 of 2159 instruments in the screener.
By daily range it ranks 1450 of 2159.
Built from current numbers and the coin's own year of history. Updates with the data.
How COW behaved before
Tracked since November 2024 — 24 full months, and falling ones prevail: 16 of 24. Median month -11.3%.
Best month — December 2024: +109.5%. Worst — February 2025: -39.3%.
Computed from our own minute history, month by month. The past promises nothing — but it shows what is ordinary for this instrument and what is not.
Our observations
KairoRight now COW is within its usual range: volume, funding and open interest are all unremarkable.
Computed from our own minute history for this coin over a year. Percentile is the share of days the value was below today's. Description only, no forecasts.
What we noticed earlier
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From the same group — decentralised finance. They open the same way, with a chart and a breakdown.
Price and movement
Turnover and activity
Futures metrics
How to read this
- Funding is a payment between longs and shorts. A positive rate means longs pay shorts: the market is crowded long.
- The rate rank shows how unusual that rate is for this particular coin: 97 means above 97% of the last month, a rare skew. Without the rank the bare number says nothing — every coin has its own normal.
- Open interest is the money sitting in positions that are still open. Rising alongside price means new money entering; rising while price falls means shorts building up.
- The OI rank is measured in contracts rather than dollars: otherwise it would drift up with price alone and claim a record where nothing changed.
- NATR shows how much a coin moves relative to its own price. High NATR with high turnover is where today's action is.
How much money sits in open positions on each venue. The total spans every exchange listing the contract.