Open interest in COW — how much money sits in open futures positions on COW and how it flows between exchanges. OI rising together with price means inflow; rising against price is a risk of reversal. The data ticks in real time across every exchange.

About Cow

CrashiusClay69 created a meme, and this project is the tokenization of that meme. I'm the COW of meme coins. Certified Objective Winner. Cows are incredible because they give us 2 of the best foods on the planet: milk and steak. Which means I love Cows. This means I like myself since I’m a cow 🐄 The cash cow of crypto. A meme born from Crash, developed by the community. This project is run by a community team.

Meme, Base Ecosystem, Base Meme

Open interest in COW — $13.0M

Binance — $4.1M (32%)
BingX — $4.1M (32%)
Bybit — $3.0M (23%)
KuCoin — $982.2K (8%)
Bitget — $794.5K (6%)

COW arbitrage right now

Kraken ↔ KuCoin — 2.79%
Binance ↔ Kraken — 2.69%
Bitget ↔ Bybit — 2.69%
Binance ↔ Bybit — 2.67%

About COW open interest

What does open interest in COW show?

The total of all open futures contracts on COW. Rising — new money is entering the market; falling — positions are being closed. A sharp jump often precedes a strong move or a squeeze.

Why watch COW OI?

OI diverging from price signals a possible reversal; overheating (too much leverage) raises the risk of cascading liquidations. OI migrating between exchanges shows where the interest is concentrating.

How do I get COW OI alerts?

Add an Open Interest condition in the the builder with the mode you want (inflow / overheating / divergence) and a threshold — the notification arrives as a Telegram direct message.