ArbiLayer

NIGHT arbitrage

live

Live Midnight price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.05%Binance → KuCoin · Perp–Perp
Best perp–perp spread+0.11%Binance → KuCoin
Markets tracked158 venues · 8 perp · 7 spot · 0 DEX
Price range0.21%$0.0463 – $0.0464

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bitget logoBitgetspot$0.0464KuCoin logoKuCoin$0.0464 +0.14%-0.06% +0.14%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0464OKX logoOKX$0.0464 +0.09%-0.11% +0.10%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0464Gate logoGate$0.0464 +0.06%-0.14% +0.07%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0464Bybit logoBybit$0.0464 +0.02%-0.18% +0.03%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0464Bitget logoBitget$0.0464 +0.02%-0.18% +0.03%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0464Aster logoAster$0.0464 +0.02%-0.18% +0.03%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0464Binance logoBinance$0.0464 0.00%-0.20% +0.01%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0464MEXC logoMEXC$0.0464 0.00%-0.20% +0.01%— +0.067%— LS Chart →
Gate logoGatespot$0.0464OKX logoOKX$0.0464 -0.02%-0.22% -0.01%— +0.030%— LS Chart →
Binance logoBinancespot$0.0464KuCoin logoKuCoin$0.0464 -0.02%-0.22% -0.01%— +0.030%— LS Chart →
Bybit logoBybitspot$0.0464KuCoin logoKuCoin$0.0464 -0.02%-0.22% -0.01%— +0.030%— LS Chart →
OKX logoOKXspot$0.0464KuCoin logoKuCoin$0.0464 -0.02%-0.22% -0.01%— +0.030%— LS Chart →
MEXC logoMEXCspot$0.0464KuCoin logoKuCoin$0.0464 -0.02%-0.22% -0.01%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$0.0464KuCoin logoKuCoin$0.0464 -0.02%-0.22% -0.01%— +0.030%— LS Chart →
Gate logoGatespot$0.0464Gate logoGate$0.0464 -0.04%-0.24% -0.03%— +0.030%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

NIGHT price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
KuCoin logoKuCoinPerpetual · NIGHTUSDTMPerpetual $0.0464$0.0465$0.0464+0.07% +0.030%$24.84M
OKX logoOKXPerpetual · NIGHT-USDT-SWAPPerpetual $0.0464$0.0464$0.0464+0.00% +0.030%$18.71M
Bybit logoBybitPerpetual · NIGHTUSDTPerpetual $0.0464$0.0464$0.0464-0.05% +0.030%$3.12M
OKX logoOKXSpot · NIGHT-USDTSpot $0.0464$0.0464$0.0464+0.05% —$3.12M
MEXC logoMEXCPerpetual · NIGHT_USDTPerpetual $0.0464$0.0464$0.0464-0.08% +0.067%$2.80M
Gate logoGateSpot · NIGHT_USDTSpot $0.0464$0.0464$0.04640.00% —$2.44M
Bitget logoBitgetPerpetual · NIGHTUSDTPerpetual $0.0464$0.0464$0.0464-0.02% +0.030%$1.79M
Gate logoGatePerpetual · NIGHT_USDTPerpetual $0.0464$0.0464$0.0464-0.02% +0.030%$1.69M
KuCoin logoKuCoinSpot · NIGHT-USDTSpot $0.0464$0.0464$0.0464+0.03% —$1.68M
Bybit logoBybitSpot · NIGHTUSDTSpot $0.0464$0.0464$0.0464+0.05% —$1.64M
Bitget logoBitgetSpot · NIGHTUSDTSpot $0.0463$0.0464$0.0463-0.13% —$414.2K
Binance logoBinancePerpetual · NIGHTUSDTPerpetual $0.0464$0.0464$0.0464-0.08% +0.030%—
Aster logoAsterPerpetual · NIGHTUSDTPerpetual $0.0464$0.0464$0.0464-0.04% +0.030%—
Binance logoBinanceSpot · NIGHTUSDTSpot $0.0464$0.0464$0.0464+0.05% ——
MEXC logoMEXCSpot · NIGHTUSDTSpot $0.0464$0.0464$0.0464+0.02% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

NIGHT arbitrage explained

Right now Midnight (NIGHT) trades on 8 venues we scan: 8 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Bitget spot at $0.0464 and the highest bid on KuCoin perp at $0.0464.

The widest NIGHT perpetual spread is between Binance and KuCoin: long NIGHT on Binance at $0.0464 and short on KuCoin at $0.0464 for +0.11% gross, or -0.05% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best NIGHT route is to buy spot on Bitget and short the perpetual on KuCoin: +0.14% gross, -0.06% net, with +0.030% a day of funding on the short leg.

Spot–spot NIGHT arbitrage (buy on Bitget, withdraw, deposit and sell on Binance) shows +0.13% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small NIGHT gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: NIGHT funding rates · NIGHT spread charts · Midnight price · arbitrage scanner for all coins.

Is there a NIGHT arbitrage opportunity right now?

The best NIGHT route right now is to buy on Binance → sell on KuCoin (Perp–Perp): +0.11% gross and -0.05% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest NIGHT?

Bitget (spot) has the lowest NIGHT ask at $0.0464, and KuCoin (perp) the highest bid at $0.0464. Prices update every 15 seconds on this page.

How many exchanges list NIGHT?

ArbiLayer tracks 15 NIGHT markets on 8 venues: 8 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage NIGHT without transferring coins?

Use two perpetual contracts: go long NIGHT on the cheaper exchange (Binance now) and short it on the more expensive one (KuCoin), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

CRO +16.63%POWER +16.33%OKB +10.70%ESPORTS +8.03%BDX +7.52%ONE +6.65%OPENAI +6.54%AI +5.47%ANTHROPIC +3.40%SPCX +3.20%CATE +3.19%OURA +3.06%EGLD +2.87%ZIL +2.81%SNEK +2.53%GAIB +2.37%MOO +2.33%H100 +2.18%