RAILS — price, funding and open interest
RAILS/USDT perpetual on Kraken: price 0.041710, 24h turnover $5K. Updated in real time.
What this is
Network infrastructureRails is regulated infrastructure for derivatives trading: banks, brokers and fintech apps plug in and offer clients crypto contracts without building an exchange themselves. The bet is that regulation arrives in earnest and a licence becomes the main asset. What this shows: an infrastructure provider earns from clients, not from the token; the coin is about 96% below its February 2026 peak with a market cap around two million. Here it trades on Kraken spot.
Chart
Chart built from data of Kraken
What the data shows
RAILS trades at 0.041710, -1.11% over 24 hours. We do not have a year of history for this coin yet.
Over the day -1.11%, over the hour -0.19%, over the last five minutes -0.19% — the move has only just started.
There is only one venue — Kraken — and no second price source: if it drifted from the market, there would be nothing to notice it by.
NATR is 1.42% on the minute and 4.06% on the hour — price grinds: the hourly range is barely wider than the minute one.
RAILS correlation with Bitcoin over 24 hours is 0.20 — it goes its own way, barely looking at Bitcoin.
24-hour turnover is $5K.
The daily range is 20.4% and five-minute NATR is 0.00%.
By turnover it ranks 1775 of 1908 instruments in the screener.
By daily range it ranks 174 of 1908.
Built from current numbers and the coin's own year of history. Updates with the data.
Our observations
KairoRight now RAILS is within its usual range: volume, funding and open interest are all unremarkable.
Computed from our own minute history for this coin over a year. Percentile is the share of days the value was below today's. Description only, no forecasts.
What we noticed earlier
Similar instruments
From the same group — network infrastructure. They open the same way, with a chart and a breakdown.
Price and movement
Turnover and activity
How to read this
- Funding is a payment between longs and shorts. A positive rate means longs pay shorts: the market is crowded long.
- The rate rank shows how unusual that rate is for this particular coin: 97 means above 97% of the last month, a rare skew. Without the rank the bare number says nothing — every coin has its own normal.
- Open interest is the money sitting in positions that are still open. Rising alongside price means new money entering; rising while price falls means shorts building up.
- The OI rank is measured in contracts rather than dollars: otherwise it would drift up with price alone and claim a record where nothing changed.
- NATR shows how much a coin moves relative to its own price. High NATR with high turnover is where today's action is.