Reserve Rights (RSR) Perpetual Futures

The open-interest-weighted RSR funding rate is -0.0855% per 8 hours, or -93.64% annualised. Negative funding means shorts pay longs. Across exchanges it ranges from -0.1462% on MEXC to +0.0100% on WhiteBIT. Compare all funding rates.

RSR perpetual open interest is $26.35M (13.64B RSR), down 15.83% in 24 hours. Binance holds the most at $7.66M. That is 21.96% of Reserve Rights's market cap.

Reserve Rights is the governance and staking token of the Reserve protocol. Holders stake RSR on RTokens, which are stablecoins or index tokens backed by baskets of other assets, and that stake absorbs losses if the backing collateral defaults. In return stakers receive part of each RToken's revenue.

Reserve Rights perps traded $97.33M in the last 24 hours, -8.17% on the day before. Binance leads with 51%, followed by Bybit ($14.61M) and OKX ($13.47M).

Over the last 24 hours 47.2% of accounts are long and 52.8% short, a long/short ratio of 0.89. See the long/short ratio by exchange.

RTokens are tokens created on the Reserve protocol that are fully backed by a basket of on-chain collateral, such as other stablecoins or liquid staking tokens. Anyone can deploy one, choose its collateral and set its parameters. RSR staked on an RToken provides extra overcollateralisation.

Yes. If an RToken's collateral defaults and the remaining backing falls short, the protocol can seize RSR staked on that RToken and sell it to restore the backing. This first-loss role is why RSR stakers earn a share of revenue.

$254.0K of RSR positions were liquidated in 24 hours, $217.0K longs and $37.0K shorts. Binance saw the most at $215.9K. See liquidations across the market.

RSR has a large token supply and a low unit price, which draws retail traders and makes it prone to fast, speculative moves. News about stablecoins or the Reserve protocol can trigger sudden rallies, and leveraged perp traders amplify those swings in both directions.

RSR perpetual futures are derivatives contracts that track the price of RSR 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 RSR.

Funding is a payment between longs and shorts. When RSR 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.

RSR perps trade on 11 tracked exchanges. By volume the largest are Binance, Bybit and OKX. Compare fees and features on the best perpetual exchanges.

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.