We present results of the Sky2Night project: a systematic, unbiased search for fast optical transients with the Palomar Transient Factory. We have observed 407 deg$^2$ in $R$-band for 8 nights at a cadence of 2 hours. During the entire duration of the project, the 4.2m William Herschel Telescope on La Palma was dedicated to obtaining identification spectra for the detected transients. During the search, we found 12 supernovae, 10 outbursting cataclysmic variables, 9 flaring M-stars, 3 flaring active Galactic nuclei and no extragalactic fast optical transients. Using this systematic survey for transients, we have calculated robust observed rates for the detected types of transients, and upper limits of the rate of extragalactic fast optical transients of $mathcal{R}<37times 10^{-4}$deg$^{-2}$d$^{-1}$ and $mathcal{R}<9.3times 10^{-4}$deg$^{-2}$d$^{-1}$ for timescales of 4h and 1d and a limiting magnitude of $Rapprox19.7$. We use the results of this project to determine what kind of and how many astrophysical false positives we can expect when following up gravitational wave detections in search for kilonovae.
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