ArbiLayer

NIGHT arbitrage

live

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

Best net spread-0.07%Binance → KuCoin · Perp–Perp
Best perp–perp spread+0.09%Binance → KuCoin
Markets tracked158 venues · 8 perp · 7 spot · 0 DEX
Price range0.16%$0.0468 – $0.0469

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bitget logoBitgetspot$0.0468OKX logoOKXspot$0.0469 +0.12%-0.08% +0.12%— 0.000%— LS Chart →
Bitget logoBitgetspot$0.0468Binance logoBinancespot$0.0468 +0.09%-0.11% +0.09%— 0.000%— LS Chart →
Bitget logoBitgetspot$0.0468Bybit logoBybitspot$0.0468 +0.09%-0.11% +0.09%— 0.000%— LS Chart →
Gate logoGatespot$0.0468OKX logoOKXspot$0.0469 +0.06%-0.14% +0.06%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.0468OKX logoOKXspot$0.0469 +0.03%-0.17% +0.03%— 0.000%— LS Chart →
Gate logoGatespot$0.0468Binance logoBinancespot$0.0468 +0.03%-0.17% +0.03%— 0.000%— LS Chart →
Gate logoGatespot$0.0468Bybit logoBybitspot$0.0468 +0.03%-0.17% +0.03%— 0.000%— LS Chart →
Bitget logoBitgetspot$0.0468Gate logoGatespot$0.0468 +0.02%-0.18% +0.02%— 0.000%— LS Chart →
Binance logoBinancespot$0.0469OKX logoOKXspot$0.0469 +0.01%-0.19% +0.01%— 0.000%— LS Chart →
Bybit logoBybitspot$0.0469OKX logoOKXspot$0.0469 +0.01%-0.19% +0.01%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.0469OKX logoOKXspot$0.0469 +0.01%-0.19% +0.01%— 0.000%— LS Chart →
Bitget logoBitgetspot$0.0468MEXC logoMEXCspot$0.0468 0.00%-0.20% 0.00%— 0.000%— LS Chart →
Bitget logoBitgetspot$0.0468KuCoin logoKuCoinspot$0.0468 0.00%-0.20% 0.00%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.0468Binance logoBinancespot$0.0468 0.00%-0.20% 0.00%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.0468Bybit logoBybitspot$0.0468 0.00%-0.20% 0.00%— 0.000%— 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 $0.0468$0.0469$0.0469+0.08% +0.030%$25.88M
OKX logoOKXPerpetual · NIGHT-USDT-SWAPPerpetual $0.0468$0.0468$0.0468+0.05% +0.030%$19.60M
Bybit logoBybitPerpetual · NIGHTUSDTPerpetual $0.0468$0.0468$0.0468-0.01% +0.030%$3.35M
OKX logoOKXSpot · NIGHT-USDTSpot $0.0469$0.0469$0.0469+0.09% —$3.24M
MEXC logoMEXCPerpetual · NIGHT_USDTPerpetual $0.0468$0.0468$0.0468-0.03% +0.082%$3.06M
Gate logoGateSpot · NIGHT_USDTSpot $0.0468$0.0468$0.0468-0.00% —$2.76M
Bybit logoBybitSpot · NIGHTUSDTSpot $0.0468$0.0469$0.0468+0.05% —$2.00M
Bitget logoBitgetPerpetual · NIGHTUSDTPerpetual $0.0468$0.0468$0.0468-0.02% +0.030%$1.92M
Gate logoGatePerpetual · NIGHT_USDTPerpetual $0.0468$0.0468$0.0468-0.01% +0.030%$1.88M
KuCoin logoKuCoinSpot · NIGHT-USDTSpot $0.0468$0.0469$0.0468+0.01% —$1.70M
Bitget logoBitgetSpot · NIGHTUSDTSpot $0.0468$0.0468$0.0468-0.07% —$415.5K
Binance logoBinancePerpetual · NIGHTUSDTPerpetual $0.0468$0.0468$0.0468-0.03% +0.030%—
Aster logoAsterPerpetual · NIGHTUSDTPerpetual $0.0468$0.0468$0.04680.00% +0.030%—
Binance logoBinanceSpot · NIGHTUSDTSpot $0.0468$0.0469$0.0468+0.05% ——
MEXC logoMEXCSpot · NIGHTUSDTSpot $0.0468$0.0468$0.04680.00% ——
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 $0.0468 and the highest bid on OKX spot at $0.0469.

The widest NIGHT perpetual spread is between Binance and KuCoin: long NIGHT on Binance at $0.0468 and short on KuCoin at $0.0468 for +0.09% gross, or -0.07% 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: +0.11% gross, -0.09% net, with +0.030% a day of funding on the short leg.

Spot–spot NIGHT arbitrage (buy on Bitget, withdraw, deposit and sell on OKX) shows +0.12% 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): +0.09% gross and -0.07% 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 $0.0468, and OKX (spot) the highest bid at $0.0469. 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

BLAST +17.63%CRO +15.63%POWER +15.46%UPC +7.61%OPENAI +6.14%ONE +5.76%ESPORTS +5.53%FLYBRAIN +5.49%COOL +3.63%ANTHROPIC +3.46%SPCX +3.34%EGLD +3.16%ZIL +2.99%OURA +2.85%STAMP +2.77%CATE +2.72%H100 +2.33%AI +2.31%