Live P2P Radar Capture: 8/10/2026, 8:00:13 p. m.
USDT/VES reference Bs. 1023.47
Buy USDT Bs. 1023.47
Sell USDT Bs. 991.93
BCV Bs. 875.65
Premium vs BCV 16.88%
P2P spread 3.18%
Observed offers 100
Check current data in P2P Radar
The PitbullChain traffic light is yellow. With 65 points out of 100, the system labels "moderate caution" for the USDT/VES market: there is enough liquidity, but the overall spread is high. The P2P radar photo is this one: Bs. 1,023.47 on the buy leg, Bs. 991.93 on the sell leg, and 265 active offers. From there come the 16.88% premium and the 3.18% spread. Let’s break down each number, because they don’t mean the same thing and are not calculated on the same basis.
📊 Exactly where the 16.88% premium comes from
The calculation is straightforward: the premium is obtained by comparing the P2P radar’s buy quote with the BCV’s official exchange rate.
(1,023.4685 − 875.6505) ÷ 875.6505 = 0.1688 → 16.88%
In other words: USDT is trading at Bs. 147.82 above each BCV dollar. That Bs. 147.818 difference is what produces the percentage.
The detail that is almost never mentioned: the premium is calculated using the buy side. If it were calculated using the sell side (Bs. 991.93), the premium would fall to 13.28%. That’s a difference of almost 3.6 percentage points, depending on which side of the order book you look at.
There’s a second comparison that helps put the figure in perspective. Compared with the parallel dollar tracked by the radar (Bs. 1,017.75), the P2P USDT gap is just 0.56%. By contrast, the gap between the BCV rate (Bs. 875.6505) and that parallel rate is 16.23%.
Takeaway: most of the “16.88%” isn’t a markup specific to USDT, but the distance between the official rate and the market rate. The token-specific component is half a percentage point. This is contextual information, not a trading signal.
📈 The radar’s 3.18% isn’t the spread you can execute
The radar reports a spread of Bs. 31.536, equivalent to 3.18%: the difference between Bs. 1,023.47 and Bs. 991.93. This is an aggregated reference spread, useful for measuring market pressure, but it isn’t what you see when you enter the market.
The order book shows something different. The best ask is Bs. 1,005.19, listed on other platforms. The best bid is Bs. 1,023, listed on Binance with Banco Plaza as the payment reference. There’s a Bs. 17.81 gap between those two prices, or 1.74%. The order book’s midpoint is Bs. 1,014.10.
The difference between the radar’s 3.18% and the order book’s 1.74% is 1.44 percentage points. The explanation is methodological: the radar aggregates quotes from several platforms and payment methods, so it reflects dispersion; the order book shows what’s at the top of each surveyed exchange (Binance and other platforms).
A candid technical caveat: the best ask (Bs. 1,005.19) is below the best bid (Bs. 1,023). This is a crossed market, something that can’t be executed simultaneously within a single platform. It happens because the book is built by aggregating exchanges with different payment rails. In addition, that Bs. 1,005.19 ask corresponds to a single offer of 446.06 USDT. It isn’t a price that can be replicated at scale.
🔎 Depth imbalance: 427,893 USDT versus 93,829 USDT
The surveyed order book has 427,893 USDT in buy-side depth and 93,829.58 USDT in sell-side depth. That’s a ratio of 4.56 to 1, with a calculated imbalance of 64.03% toward the buy side.
One striking detail: the number of ads is nearly even, with 35 buy offers versus 39 sell offers. The imbalance is in the amounts, not the number of listings. There are a few large blocks on the buy side.
What this means for everyday traders:
📖 Read the full article: https://pitbullchain.com/noticias/usdt-en-p2p-prima-de-16-88-sobre-el-bcv-y-spread-real-de-1-74
https://public.bnbstatic.com/image/pgc/20261009/d39bf33441584a02b984265991f89097.jpg
📊 Live rates and analysis at https://pitbullchain.com
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