Railgun Funding Rate (RAIL)

Compare Railgun perpetual funding rates across exchanges in real time · OI-weighted composite rate · updated every minute

Railgun current price: $1.84

Rate MatrixHeatmapCumulative Fees

RAIL Funding Rate by Exchange

Next settlement --:--:--
#ExchangeFunding RateAPRSettlement IntervalNext SettlementOpen Interest
1Lighterhighest+0.0224%+196.22%1h$0.0M
2Aster+0.0013%+10.95%1h22:00 UTC$0.0M
APR = period rate × (24 / settlement interval) × 365. Shown as — when the exchange's settlement interval is unknown.
Simple Average
+0.0118%
OI-Weighted Rate
+0.0218%
Volume-Weighted Rate
+0.0194%

RAIL Funding Rate History

About Railgun Funding Rate

What is the RAIL funding rate?

The RAIL funding rate is a periodic payment between long and short traders on Railgun perpetual futures, designed to keep the contract price anchored to the spot index. When the rate is positive, longs pay shorts; when negative, shorts pay longs. It is the main ongoing cost (or income) of holding a leveraged RAIL perpetual position.

What does a positive or negative RAIL funding rate mean?

A persistently positive RAIL funding rate signals crowded long positioning and bullish sentiment — longs keep paying to stay in the trade. A negative rate signals short-side dominance and bearish sentiment. Extreme funding rates in either direction often indicate an overcrowded trade and raise the risk of a sharp reversal or short squeeze/long squeeze.

What is the current RAIL funding rate?

As of now, the RAIL funding rate averages 0.0118% across 2 exchanges CoinBoss tracks, and the rate is positive. This figure updates in real time — check the table above for the latest per-exchange breakdown and the OI-weighted composite rate.

Which exchange has the highest RAIL funding rate?

Right now lighter shows the highest (or most extreme) RAIL funding rate among tracked exchanges, at 0.0224%. Funding rates can vary meaningfully across exchanges due to differences in order-book premium, index price and leverage demand — creating potential funding rate arbitrage opportunities.
Most exchanges settle funding every 8 hours (00:00 / 08:00 / 16:00 UTC). Actual settlement intervals may vary by exchange and contract.