Diffusion models have demonstrated strong performance in sampling and editing multi-modal data with high generation quality, yet they suffer from the iterative generation process which is computationally expensive and slow. In addition, most methods are constrained to generate data from Gaussian noise, which limits their sampling and editing flexibility. To overcome both disadvantages, we present Contrastive Optimal Transport Flow (COT Flow), a new method that achieves fast and high-quality generation with improved zero-shot editing flexibility compared to previous diffusion models. Benefiting from optimal transport (OT), our method has no limitation on the prior distribution, enabling unpaired image-to-image (I2I) translation and doubling the editable space (at both the start and end of the trajectory) compared to other zero-shot editing methods. In terms of quality, COT Flow can generate competitive results in merely one step compared to previous state-of-the-art unpaired image-to-image (I2I) translation methods. To highlight the advantages of COT Flow through the introduction of OT, we introduce the COT Editor to perform user-guided editing with excellent flexibility and quality. The code will be released at https://github.com/zuxinrui/cot_flow.