# COWUSDT: Recorded Market State

Live COWUSDT price, funding rate and open interest, plus 90 days of funding history and the ByKaranteli derivatives pressure score.

Source: https://bykaranteli.com/symbols/COWUSDT · attribute to ByKaranteli and quote the timestamp.
Snapshot taken 2026-10-21T23:07:26.000Z.

## Live market

Binance USDT-M perpetual, read 2026-10-21 23:07 UTC.

| Mark Price (USD) | Index Price (USD) | Funding Rate (% per interval) | Basis (%) |
| ---: | ---: | ---: | ---: |
| 0.13790 | 0.13815 | +0.0050 | -0.183 |

## Derivatives pressure

Computed 2026-10-21 23:07 UTC. Score is 0 to 100; the side is the one adding pressure.

| Score | Side | Regime | OI 1h (%) | OI 4h (%) | OI 24h (%) | Funding (%) | Basis (%) |
| ---: | --- | --- | ---: | ---: | ---: | ---: | ---: |
| 11 | NEUTRAL | Balanced · low derivatives stress | +0.05 | +0.15 | -1.3 | +0.005 | -0.18 |

## COWUSDT Funding Rate History

540 settlements over the last 90 days, average -0.0172% per settlement. Positive funding means longs pay shorts.

| Settlement window (UTC) | Settlements | Avg funding (%) | Positive share (%) |
| --- | ---: | ---: | ---: |
| 00:00 | 90 | -0.0144 | 91 |
| 04:00 | 90 | -0.0120 | 89 |
| 08:00 | 90 | -0.0151 | 88 |
| 12:00 | 90 | -0.0274 | 84 |
| 16:00 | 90 | -0.0198 | 86 |
| 20:00 | 90 | -0.0146 | 88 |

## Perp vs index basis · 30d

Daily closes, mark against index. Average -0.097%, high +0.151%, low -0.658%.

| Date (UTC) | Mark close (USD) | Index close (USD) | Basis (%) |
| --- | ---: | ---: | ---: |
| 2026-09-22 | 0.15640 | 0.15616 | +0.151 |
| 2026-09-23 | 0.14103 | 0.14103 | -0.000 |
| 2026-09-24 | 0.14374 | 0.14380 | -0.044 |
| 2026-09-25 | 0.15195 | 0.15182 | +0.082 |
| 2026-09-26 | 0.15445 | 0.15452 | -0.040 |
| 2026-09-27 | 0.15908 | 0.16013 | -0.658 |
| 2026-09-28 | 0.15475 | 0.15508 | -0.214 |
| 2026-09-29 | 0.16110 | 0.16138 | -0.175 |
| 2026-09-30 | 0.16594 | 0.16602 | -0.048 |
| 2026-10-01 | 0.16377 | 0.16377 | +0.000 |
| 2026-10-02 | 0.15800 | 0.15802 | -0.012 |
| 2026-10-03 | 0.16220 | 0.16226 | -0.038 |
| 2026-10-04 | 0.15810 | 0.15825 | -0.097 |
| 2026-10-05 | 0.15765 | 0.15766 | -0.005 |
| 2026-10-06 | 0.15517 | 0.15517 | +0.000 |
| 2026-10-07 | 0.14665 | 0.14666 | -0.007 |
| 2026-10-08 | 0.14196 | 0.14201 | -0.035 |
| 2026-10-09 | 0.14570 | 0.14577 | -0.049 |
| 2026-10-10 | 0.14930 | 0.14949 | -0.130 |
| 2026-10-11 | 0.15046 | 0.15049 | -0.023 |
| 2026-10-12 | 0.14020 | 0.14041 | -0.152 |
| 2026-10-13 | 0.14306 | 0.14321 | -0.105 |
| 2026-10-14 | 0.13524 | 0.13526 | -0.014 |
| 2026-10-15 | 0.13430 | 0.13461 | -0.229 |
| 2026-10-16 | 0.13310 | 0.13316 | -0.049 |
| 2026-10-17 | 0.13025 | 0.13048 | -0.181 |
| 2026-10-18 | 0.12775 | 0.12789 | -0.107 |
| 2026-10-19 | 0.13055 | 0.13089 | -0.263 |
| 2026-10-20 | 0.13585 | 0.13615 | -0.221 |
| 2026-10-21 | 0.13900 | 0.13934 | -0.242 |

## After a liquidation sweep

What COW's price did in the hours after each of the four map patterns, from our own hourly archive since 2026-08-06; a pattern with fewer than 30 events shows no number.

| Pattern | Events | Median move 1h | Median move 4h | Median move 24h | Base rate | Continued | Reverted in 4h |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cluster within reach | 314 | 0.45% (any hour 0.42%) | 0.91% (any hour 0.89%) | 2.44% (any hour 2.59%) | 46.8% | 52.2% (median +0.08%) | · |
| Lopsided fuel | 586 | 0.42% (any hour 0.42%) | 0.91% (any hour 0.89%) | 2.47% (any hour 2.59%) | 46.8% | 49.7% (median 0.00%) | · |
| Thin side | 64 | 0.52% (any hour 0.42%) | 1.09% (any hour 0.89%) | 2.45% (any hour 2.59%) | 46.8% | 41.0% (median -0.32%) | · |
| Swept level | 197 | 0.47% (any hour 0.42%) | 0.89% (any hour 0.89%) | 2.40% (any hour 2.59%) | 46.8% | 43.9% (median -0.19%) | 47.1% |

- Median move: the median size of the price change 1, 4 and 24 hours after the pattern, either direction; below it, the same median over every hour of the same coins.
- Continued: the share of events in which the price kept going the way the pattern points over 4 hours; below it, the median 4 hour move in that direction (+ is the pattern's way).
- Base rate: the share of all hours after which the price rose over the next 4 hours, the coin flip to hold Continued against.
- Reverted in 4h: swept levels only, the share of events with the price back across the level 4 hours later.
- A pattern with fewer than 30 events shows no number; · marks a value without data.

172,375 map frames of 201 coins since 2026-08-06; computed 2026-10-21 17:15 UTC. A frame is written each hour and reads the price about 40 minutes into the hour; a move is the change in the perpetual's last price from one frame to a later one.

Open the COW liquidation map: /liqmap/cow

Not investment advice. COWUSDT data reflects what our recorders captured for that instrument only. Market data is not a forecast, and past readings do not guarantee future prices.

## Related

- https://bykaranteli.com/symbols/COWUSDT/markets
- https://bykaranteli.com/liqmap/cow
- https://bykaranteli.com/pressure
- https://bykaranteli.com/symbols

Everything in one fetch: https://bykaranteli.com/llms-full.txt