Tracked Order Books: Bybit, OKX, Bitget, Quidax, Luno
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Real-Time Arbitrage & P2P Ladder
The naira rate, from everywhere at once
Five leading exchanges queried simultaneously and lined up side-by-side. Calculate arbitrage spreads, check merchant order depth, and verify CBN official divergences before executing a trade.
● 5 EXCHANGES ACTIVE·Updated 0s ago
Cheapest to buy1 USDT
₦1,381.92
on Luno, the lowest of
5 exchanges checked just now
Highest to sell₦1,382.00OKX
Spread₦0.00what a round trip costs
Against official (CBN)+2.3%official ₦1,353
● Macro Divergence Tracker
Official Central Bank (CBN) vs. Street P2P Spread
+2.26%Parallel Market Premium
CBN Official Peg: ₦1,353.43Live P2P Median: ₦1,381.92Gap: ₦28.49
USDT to naira — questions, answered from the live ladder
Updated 28 Oct 2026, 07:23 UTC · figures track the live tool above
How much is 1 USDT / 100 USDT in naira today?
Use the live converter above — type in 1, 100 or any amount and it prices it at the index rate at that exact moment. Rates move minute to minute, so no fixed figure on this page should be treated as the current rate.
Snapshot when this page loaded (28 Oct 2026, 07:23 UTC): 1 USDT ≈ ₦1,381.92 to buy · ≈ ₦1,382.00 when you sell 100 USDT ≈ ₦138,192 to buy · ≈ ₦138,200 when you sell
Which exchange pays the most right now?
The highest sell quote in the live ladder is ₦1,382.00 on OKX, from merchant “Hayourdele01” (min ₦74,900 · max ₦74,932).
But a headline rate is only useful if its limits fit your amount — a top quote whose minimum sits far above your trade size does nothing for you. The per-exchange payout table below re-prices every venue against your amount, using the merchant offers and limits the ladder already shows, and reports the shortfall versus the best — so you can see what each exchange actually pays you.
Why is the P2P rate above the CBN official rate?
The CBN publishes an official reference rate, but P2P quotes are set by individual merchants reacting to real supply and demand for dollars — plus their own costs, risks and settlement speed. When demand for USDT outruns supply, the street price drifts above the official peg; the gap tracker at the top of this page shows the live difference.
P2P can be done safely, but the safety comes from your habits, not the platform’s logo: stay on the exchange and keep all chat and payment inside it; never move a deal off-platform to WhatsApp or Telegram; and never release your USDT until the naira is confirmed in your own bank account — not a screenshot of a transfer.
The board re-polls the five exchanges’ public order books roughly every 60 seconds, and every quote is a snapshot: a merchant can fill, withdraw or reprice an offer at any moment, so a figure you saw minutes ago may already be gone. If a venue’s feed lags, its card is flagged on the board.
Live best rates at page load · 28 Oct 2026, 07:23 UTC
Common amounts priced at the live index the moment this page loaded. Rates move minute to minute — for the current figure, use the converter above.
USDT
USDT → NGN (you receive, at best sell ₦1,382.00)
NGN → USDT (you get, at best buy ₦1,381.92)
1 USDT
₦1,382
0.0007 USDT
5 USDT
₦6,910
0.0036 USDT
10 USDT
₦13,820
0.0072 USDT
20 USDT
₦27,640
0.0145 USDT
50 USDT
₦69,100
0.0362 USDT
100 USDT
₦138,200
0.0724 USDT
250 USDT
₦345,500
0.1809 USDT
500 USDT
₦691,000
0.3618 USDT
1,000 USDT
₦1,382,000
0.7236 USDT
10,000 USDT
₦13,820,000
7.2363 USDT
Estimates only — not a guarantee of profit. Merchant limits and fees can change the price you actually get.
For your amount
What each exchange actually pays for ≈₦50,000
Follows the amount filter at the top of the ladder · filter empty — showing default ₦50,000
Change the amount in the filter above and this table re-prices every exchange on the merchant offer whose min/max limits actually cover your amount — the cheapest qualifying offer wins each row. The shortfall column shows what you give up versus the best payout.
Exchange
Best fitting offer
Limits
You receive
Shortfall vs best
Estimates only — not a guarantee of profit. Offers can fill or reprice between the snapshot and your trade; always confirm the merchant's final quote on the exchange.
How these numbers are made
04
Understanding P2P Arbitrage & Market Dynamics
Market Analysis & Liquidity Depth
Why Naira Rates Diverge Across Venues
The exchange rate between the Nigerian Naira (NGN) and stablecoins such as Tether (USDT) is never represented by a single uniform figure. Peer-to-peer (P2P) order boards across Bybit, OKX, Bitget, and regulated local brokerages like Quidax and Luno operate as discrete liquidity pools with unique merchant participant profiles, escrow fees, and settlement conditions.
Buy Rates vs. Sell Rates
Buy Price: The exact rate in Naira required to purchase 1 USDT from a registered merchant. This figure represents the liquidity ask. Sell Price: The price a verified buyer is willing to credit to your Nigerian bank account when converting USDT back to Naira. This represents the bid.
Round-Trip Spreads and Arbitrage Margins
The spread displayed above reflects the mathematical difference between the lowest buy quote and the highest sell quote across all aggregated markets. When a divergence occurs across two platforms—for example, if Bybit is pricing buy orders at ₦1,535 while OKX merchant buy orders clear at ₦1,545—an arbitrage window opens. Traders use our Arbitrage Calculator above to account for bank transfer limits, merchant release times, and platform fees before executing transactions.
Importance of Merchant Minimums and Maximums
Every active peer-to-peer offer carries strict minimum and maximum settlement limits. An attractive rate with an operational minimum far exceeding your intended volume cannot be filled. Use our filter bar above to confirm which merchants support your exact planned liquidity tier.