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

COW 17 exchanges

CoW Protocol (COW) trades on 17 exchanges that Finder tracks live, across 14 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 ($7,998,440 of $22,835,645 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 2026-07-14
View on dashboard CoinGecko ↗
Live · 17 exchanges Real-time ↗
$0.143544
+5.99%24h
Cross-exchange $0.00 · 0.73%
Coinex → Htx · 24h high +9.49% · 5h ago
Most liquid Bitmart futures · $8.0M/24h
Supported networks 6 chains
Erc20 Polygon Arbitrum Base Bep20 Gnosis

COW price · last 7d

+2.84%
low 0.1348 Bitmart · 7d high 0.14626

Where COW trades

29 markets
Exchange
Market
Funding
Bid
Ask
24h Vol
Vol%
NetworkD/WFee
Bitmart
spot
—
$0.1435
$0.144
$923k
4.0%
ERC20DW$3.01
Bitmart
futures
+0.0050%
$0.14306
$0.1435
$8.0M
35.0%
ERC20DW$3.01
Bingx
spot
—
$0.1435
$0.1439
—
—
ERC20DW$1.00
Bingx
futures
+0.0050%
$0.143
$0.144
$6.6M
28.8%
ERC20DW$1.00
Binance
spot
—
$0.1436
$0.1438
$512k
2.2%
ERC20DW$0.56
Binance
futures
+0.0050%
$0.1433
$0.1434
$1.8M
7.7%
ERC20DW$0.56
Lbank
spot
—
$0.1436
$0.1439
$144k
0.6%
ERC20DW$1.05
Lbank
futures
+0.0050%
$0.1433
$0.1434
$1.0M
4.4%
ERC20DW$1.05
Ourbit
spot
—
$0.1436
$0.1438
$137k
0.6%
ERC20DW$0.10
Ourbit
futures
+0.0050%
$0.1433
$0.1434
$891k
3.9%
ERC20DW$0.10
Phemex
spot
—
$0.1434
$0.1441
$271k
1.2%
ERC20DW
Phemex
futures
+0.0100%
$0.1433
$0.1434
$121k
0.5%
ERC20DW
Bitget
spot
—
$0.1436
$0.1438
$13k
<0.1%
ERC20DW$0.80
Bitget
futures
+0.0050%
$0.1432
$0.1433
$250k
1.1%
ERC20DW$0.80
Weex
spot
—
$0.1439
$0.1441
$115
<0.1%
❔
Weex
futures
·
$0.1432
$0.1434
$257k
1.1%
❔
Mexc
spot
—
$0.1436
$0.1438
$54k
0.2%
ERC20DW$0.29
Mexc
futures
+0.0050%
$0.1433
$0.1434
$163k
0.7%
ERC20DW$0.29
Gateio
spot
—
$0.1439
$0.144
$22k
<0.1%
ERC20DW$0.98
Gateio
futures
+0.0050%
$0.1433
$0.1434
$51k
0.2%
ERC20DW$0.98
Kucoin
spot
—
$0.1436
$0.1439
$11k
<0.1%
ERC20DW$1.15
Kucoin
futures
-0.0147%
$0.1433
$0.1434
$48k
0.2%
ERC20DW$1.15
Kraken
spot
—
$0.1422
$0.1437
$4k
<0.1%
❔
Kraken
futures
+0.0144%
$0.143
$0.1447
$5k
<0.1%
❔
Htx
spot
—
$0.141
$0.146
$827k
3.6%
ERC20DW$1.38
Bybit
futures
+0.0050%
$0.14351
$0.14371
$610k
2.7%
❔
Xt
futures
+0.0050%
$0.1433
$0.1434
$151k
0.7%
POLYGONDW$57.42
Asterdex
futures
+0.0013%
$0.1431
$0.1437
$27k
0.1%
❔
Coinex
spot
—
$0.143224
$0.144571
$3k
<0.1%
ERC20DW$0.04

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
$0.1442
$374k
0.59%
73%
Lbank futures
Support
$0.1425
$369k
0.59%
71%
Lbank futures

About CoW Protocol spreads

Q.01 Where can I buy COW? +
COW is listed on 29 exchanges: Asterdex, Binance, Bingx, Bitget, Bitmart, Bybit, Coinex, Gateio, …. The highest-volume market is Bitmart ($7,998,440 24h). Current lowest price: $0.14295 on Kraken (spot).
Q.02 Where is COW cheapest to buy right now? +
The lowest live COW price across the exchanges we track is $0.14295 on Kraken (spot). 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 14 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
IO IO.NET
$23.0M 24h
1INCH 1inch
$20.0M 24h
STG Stargate Finance
$17.2M 24h
SUSHI Sushi
$16.4M 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 17 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 ↗
the same price move, seen at three different times t=0 100 ms 200 ms price moves on Binance HFT acts in ~0.2 ms (same data center) gap open for a few ms, then closed by the fastest machine you REST API tick arrives ~100-300 ms late - gap already gone
Latency arbitrage in crypto - and why you can't do it from home
Latency arbitrage races the price update itself, won in microseconds by co-located machines. Here's how it actually works, why a home setup loses every time, and the slower spreads that are still open to you.
TON 1.24% ⚡ +$40 on $3.2K | BEP20 A symbol · spread · magnitude · profit · network Buy Bsc_dex 1.7050 🟢 Sell Binance_s 1.7261 🟢 B the two legs + D/W Binance 1.24% 40$ 1.7261 🟢🟢 Link C SPOT / FUTURES / DEX tables BEP20: 0x1a2b…9f3c D networks + 🕔 time
How to read a crypto arbitrage signal
A line-by-line guide to reading a Finder arbitrage signal: the magnitude emoji, net spread, dollar profit, buy/sell legs, deposit/withdrawal status, funding, and timestamp.
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.
Get alerts