Enables signaling receptor binding activity. Involved in several processes, including positive regulation of receptor recycling; postsynaptic neurotransmitter receptor cycle; and spontaneous synaptic transmission. Located in several cellular components, including endosome; lysosomal lumen; and trans-Golgi network membrane. Is active in glutamatergic synapse and postsynaptic endosome. Orthologous to human NSG1 (neuronal vesicle trafficking associated 1). [provided by Alliance of Genome Resources, Apr 2022]