Rise of the Snake Deity is a Normal Trap Card.
Trap Cards are normally Set first and can be activated on a later turn, often in response to an action.
On the current TCG and OCG Forbidden & Limited lists tracked here, Rise of the Snake Deity is Unlimited.
YGOPRODeck lists Rise of the Snake Deity for these formats: Duel Links, Common Charity, Edison, Speed Duel, TCG, OCG, Master Duel.
A listed print of Rise of the Snake Deity appears in Ancient Guardians (ANGU-EN059) at Rare rarity.
Among markets shown on this page, the lowest listed snapshot for Rise of the Snake Deity is about $0.05 on Cardmarket (prices change frequently).