Daily close and perpetual volume across tracked exchanges
Cat-themed in a sector full of dog coins, MEW, short for cat in a dogs world, is a Solana memecoin that launched in 2024 and has no product or revenue. It markets itself as the cat that takes on the dogs. Perps give traders a leveraged way to play the rotation between cat and dog memes on Solana, and a simple way to short a token that is hard to borrow on spot markets.
Perp liquidity is thin and spread across many venues, with Binance and BingX leading volume and Bybit holding a similar share of open interest. Moves often track other Solana memecoins such as BONK and WIF, along with SOL itself. Small open interest makes the market sensitive to chains of liquidations. Funding readings tend to be noisy, so look at several intervals in a row before calling positioning crowded.
MEW funding rates MEW open interest MEW liquidations MEW long/short ratio
Every tracked MEW perpetual market
| # | Exchange | Price | 24h | Volume 24h | Open interest | OI 24h | Funding 8h | L/S | Liq. 24h | ±1% depth | Trade |
|---|
Share of total · 24h change
Last 24h · long vs short
Last 4h · buy share of taker volume
Live answers use data from every tracked MEW perpetual markets · updated
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MEW is a Solana memecoin themed around a cat taking on the dog-themed tokens that lead the memecoin market. It has no utility or revenue, so its price is driven by community activity and speculation. The project styles its name in lower case.
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MEW tends to move with the wider Solana memecoin group, including dog-themed tokens such as BONK and WIF. When appetite for Solana memes rises, it often rallies with them, and it usually falls with them too. Pair traders sometimes go long one meme and short another.
MEW perps have little open interest, so a small burst of buying or selling can move price several percent and trigger liquidations. Memecoins also react sharply to social media and whale trades. Leverage magnifies those moves, and funding can change quickly.
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Small open interest means a handful of large traders can swing the balance between longs and shorts, so funding moves around more than in liquid assets. Readings across many smaller venues can also differ. The trend over several funding intervals gives a clearer picture than any single print.
MEW perpetual futures are derivatives contracts that track the price of MEW and never expire. Instead of settling on a date, they use a funding rate to stay close to the spot price. You can go long or short with leverage without holding any MEW.
Funding is a payment between longs and shorts. When MEW perps trade above the index price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.
Compare venues, fees and features on the best perpetual exchanges page.
Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.
Data from tracked centralised and decentralised exchanges, refreshed every few minutes. Not financial advice. Methodology