COW PROTOCOL (COW) price, where to buy & arbitrage

COW 18 exchanges

CoW Protocol (COW) trades on 18 exchanges that Finder tracks live, across 15 spot, 15 perpetual markets. CoW Protocol arbitrage means buying COW where it is priced lower and selling where it is higher, capturing the gap before it closes. The deepest liquidity is on Bitmart ($8,019,261 of $22,982,954 total 24h volume). It can be moved between exchanges over ERC20, POLYGON. With both spot and perpetual COW markets live, the spot-versus-perp gap and the cross-exchange spread are both arbitrage opportunities. Finder compares every COW quote in real time to surface the best cross-exchange arbitrage spread, with live deposit and withdrawal status on each rail. Closed transfer rails are flagged before you act, so a wide spread on a stuck route is never shown as live.

Data refreshed 2026-06-29
View on dashboard CoinGecko ↗
Live · 18 exchanges Real-time ↗
$0.144703
-1.06%24h
Cross-exchange $0.00 · 1.84%
Weex → Htx · 24h high +2.97% · 4h ago
Most liquid Bitmart futures · $8.0M/24h
Supported networks 6 chains
Erc20 Polygon Arbitrum Base Bep20 Gnosis

COW price · last 7d

-8.46%
low 0.138685 Bitmart · 7d high 0.15785

Where COW trades

30 markets
Exchange
Market
Funding
Bid
Ask
24h Vol
Vol%
NetworkD/WFee
Bitmart
spot
—
$0.1444
$0.1452
$633k
2.8%
ERC20DW$3.04
Bitmart
futures
+0.0050%
$0.1443
$0.1446
$8.0M
34.9%
ERC20DW$3.04
Bingx
spot
—
$0.1445
$0.145
—
—
ERC20DW$1.01
Bingx
futures
+0.0050%
$0.1445
$0.1449
$6.5M
28.4%
ERC20DW$1.01
Binance
spot
—
$0.1446
$0.1448
$1.1M
4.8%
ERC20DW$0.47
Binance
futures
+0.0050%
$0.1444
$0.1445
$1.4M
5.9%
ERC20DW$0.47
Lbank
spot
—
$0.1444
$0.1448
$260k
1.1%
ERC20DW$0.99
Lbank
futures
+0.0050%
$0.1444
$0.1445
$777k
3.4%
ERC20DW$0.99
Ourbit
spot
—
$0.1446
$0.1448
$237k
1.0%
ERC20DW$0.10
Ourbit
futures
+0.0050%
$0.1444
$0.1445
$671k
2.9%
ERC20DW$0.10
Kucoin
spot
—
$0.1446
$0.1449
$16k
<0.1%
ERC20DW$1.16
Kucoin
futures
+0.0050%
$0.1446
$0.1447
$756k
3.3%
ERC20DW$1.16
Bitget
spot
—
$0.1446
$0.1451
$13k
<0.1%
ERC20DW$0.80
Bitget
futures
+0.0050%
$0.1443
$0.1444
$377k
1.6%
ERC20DW$0.80
Phemex
spot
—
$0.1444
$0.145
$249k
1.1%
ERC20DW
Phemex
futures
+0.0100%
$0.1444
$0.1445
$99k
0.4%
ERC20DW
Weex
spot
—
$0.1447
$0.1449
$150
<0.1%
❔
Weex
futures
·
$0.1443
$0.1445
$260k
1.1%
❔
Mexc
spot
—
$0.1446
$0.1448
$100k
0.4%
ERC20DW$0.29
Mexc
futures
+0.0050%
$0.1444
$0.1445
$103k
0.4%
ERC20DW$0.29
Gateio
spot
—
$0.1446
$0.1448
$36k
0.2%
ERC20DW
Gateio
futures
+0.0050%
$0.1445
$0.1448
$88k
0.4%
ERC20DW
Kraken
spot
—
$0.144
$0.1448
$2k
<0.1%
❔
Kraken
futures
-0.0016%
$0.1444
$0.1453
$12k
<0.1%
❔
Htx
spot
—
$0.144
$0.15
$636k
2.8%
ERC20DW$1.16
Bybit
futures
+0.0050%
$0.14491
$0.14507
$349k
1.5%
❔
Ascendex
spot
—
$0.14388
$0.14562
$136k
0.6%
ERC20DW$4.05
Xt
futures
+0.0050%
$0.1444
$0.1445
$133k
0.6%
POLYGONDW$57.88
Asterdex
futures
-0.0022%
$0.1442
$0.1447
$10k
<0.1%
❔
Coinex
spot
—
$0.144021
$0.145379
$3k
<0.1%
ERC20DW

COW order-book walls

2 walls

Large resting limit orders sitting on COW order books right now: buy walls (support) and sell walls (resistance), ranked by size with distance from the mid price and the venue. Updated live.

Side
Price
Size
From mid
Of side
Exchange
Resistance
$0.1453
$750k
0.59%
86%
Lbank futures
Support
$0.1436
$371k
0.59%
73%
Lbank futures

About CoW Protocol spreads

Q.01 Where can I buy COW? +
COW is listed on 30 exchanges: Ascendex, Asterdex, Binance, Bingx, Bitget, Bitmart, Bybit, Coinex, …. The highest-volume market is Bitmart ($8,019,261 24h). Current lowest price: $0.14435 on Bitget (perp).
Q.02 Where is COW cheapest to buy right now? +
The lowest live COW price across the exchanges we track is $0.14435 on Bitget (futures). Prices move every second, so the cheapest exchange can change. The live table above is the source of truth.
Q.03 Does COW trade on spot or futures? +
COW is available across 15 spot markets, 15 perpetual markets. Both spot-versus-perp and cross-exchange spreads are surfaced on the dashboard.
Q.04 How do I arbitrage COW between exchanges? +
Buy COW on the cheaper exchange and sell on the dearer one, then settle the difference. You either transfer the coin (only when the deposit and withdrawal rail is open) or hold offsetting spot and perpetual legs. The main risks are transfer windows, fees and execution speed, all of which Finder surfaces per spread so you act only on routes that are actually open.
Q.05 Which networks does COW support for deposit and withdrawal? +
COW can be transferred via ERC20, POLYGON networks. Real-time deposit/withdrawal status per exchange is tracked in the table above. Rails change frequently and we refresh our data every few minutes.
Q.06 How often are COW prices and arbitrage data updated? +
Orderbook prices come from exchange WebSockets with per-symbol updates within seconds. Deposit/withdrawal status refreshes every few minutes. Arbitrage spreads are computed continuously from the same stream.

Related tokens

4
YFI yearn.finance
$22.0M 24h
AXL Axelar
$20.2M 24h
WOO WOO
$27.5M 24h
COMP Compound
$29.9M 24h

How to arbitrage COW

Cross-exchange arbitrage
Compare spot prices across exchanges, move the coin on an open rail, capture the gap.
Spot-futures basis
Trade the basis between spot and the perpetual on the same asset.
%
Funding-rate arbitrage
Earn the funding-rate spread delta-neutral across perpetual venues.
Full arbitrage guide
The complete playbook: routes, fees, transfer rails, risks and execution.

Want COW alerts sent to Telegram?

Every time a spread above our filter opens on COW, across the 18 exchanges we watch, you get a single message with everything you need to decide.

Open bot ● No signup form, no card

Learn about crypto arbitrage

All articles ↗
cost of one turn

fixed — flat $ variable — % of turn

network fee ~$1–6 taker floor (sometimes) 2–6% at $100 0.06% at $10k

taker buy ~0.1% taker sell ~0.1% ~0.2% at any size constant share

How much capital to start crypto arbitrage in 2026
The honest answer to how much money you need to start crypto arbitrage: why fixed network fees eat $100 alive, worked $100/$1k/$10k tiers, and where slippage caps the upside.
$6 = 2% on $300 · eats a small route ERC-20 TRC-20 Polygon BEP-20 Base Solana ~$3–25 ~$1 ~$0.20 ~$0.30 ~$0.05 ~$0.02 fixed fee per stablecoin withdrawal →
Cheapest network to transfer USDT and USDC for arbitrage
Which network is cheapest to move USDT/USDC for arbitrage: TRC-20 vs ERC-20 vs BEP-20 vs Solana vs L2s, compared on fee, speed and exchange support, with the closed-deposit trap.
P2P loop — fiat + people crypto loop — on-chain

you — fiat in bank seller's ad · escrow you hold USDT buyer's ad · escrow fiat back to bank bank + 2 people in loop

USDT (on-chain) buy A → move → sell B USDT (on-chain) no bank, no person

P2P arbitrage: how it works, the edge, and the risks
What P2P arbitrage is: buy crypto cheap from one person for fiat, sell dearer to another. The escrow mechanics, where the edge comes from, and the real banking and counterparty risks.
1.003 1.000 0.997 0.880

normal: inside the band depeg event

trough ~0.88 ±0.05% recovery

Stablecoin arbitrage: USDT/USDC depeg and peg spreads
How stablecoin arbitrage works: why USDT and USDC trade at slightly different prices across exchanges, what a depeg is, and how to tell a tradeable peg spread from a false one.
Get alerts