Live P2P Radar capture: 22/9/2026, 6:00:15 a. m.
USDT/VES reference Bs. 966.73
Buy USDT Bs. 966.73
Buy USDT Bs. 923.66
BCV Bs. 852.42
Premium vs BCV 13.41%
P2P spread 4.66%
Observed offers 93
Verify current data in P2P Radar
The latest P2P Radar capture (September 22, 10:00) left three figures that usually appear read together and mean different things: total spread of 4.66%, premium of 13.41% over BCV, and a yellow traffic light with 69 points. None of the three answers by itself the question that matters: at what price does a trade actually execute? For that, you need to go down to the order book, measure the depth, and separate by bank.
đ Three figures, three readings
The price block reports Bs. 966.73 as the USDT buy reference and Bs. 923.66 as the sell reference. The difference is Bs. 43.07, a spread of 4.66%. Against the BCV (Bs. 852.4168 per dollar), the implied premium is 13.41%. The parallel rate measured on Binance P2P is Bs. 954.37, with a spread of just 0.09%.
⢠Aggregated spread: 4.66%, which in the traffic-light metric corresponds to 20 points out of 100.
⢠Premium vs. the BCV: 13.41%, with 75 points.
⢠Liquidity: 95 points and 167 active offers reported.
⢠Depth: 45 points, the lowest note in the market block.
⢠Data freshness and exchange health: 100 and 95 points.
The takeaway is straightforward: thereâs a market, there are ads, and the data is fresh, but the price is stretched and the order book is uneven. Thatâs what the yellow means: moderate caution, not a red alert.
đ Order book: 913.90 on one side, 956.00 on the other
The aggregated book starts with a sell (ask) position at Bs. 913.90âjust one offer on other platforms for 188.37 USDTâand a buy (bid) position at Bs. 956.00â13,537.27 USDT on other platforms. The book spread is Bs. 42.10, equivalent to 4.4%, with a mid price of Bs. 934.95.
Thatâs where the first uncomfortable detail appears: the radar screen price (Bs. 966.73) is about 5.5% above the bookâs best ask (Bs. 913.90). This isnât anyoneâs mistake; itâs the difference between an aggregated reference price and a real execution level with limited size. The 188.37 USDT in the first level are exhausted with a single moderate-sized operation.
Within Binance, the comparator reports a better buy price at Bs. 952.197 (median Bs. 953.001) and a better sell price at Bs. 956.90 (median Bs. 955.50). The relevant range on the same exchange is much narrower than the aggregated 4.66%.
đ Depth: 54.1% imbalance over 167 offers
The depth engine reports 441,266.37 USDT on the buy side and 131,418.52 USDT on the sell side, with 32 and 38 offers respectively, and a stated imbalance of 54.1%. This percentage does not match the simple split of volumes (which would yield a much more side-loaded proportion) nor does it match the offer count (38 out of 70, 54.3%). Itâs cited exactly as delivered by the engine: it serves as a directional signal, not an exact measurement.
The 167 active radar offers are not the same 93 as in the book: the raw counts show Binance with 20 buys and 20 sells, other platforms with 44 and 29, and other platforms with 20 and 20. Each module covers different universes of ads and exchanges, and that difference explains why the numbers donât line up.
The large depth sits far from the first level:
⢠50,029.68 USDT at Bs. 959.00 (Binance and other platforms; Provincial and Banesco).
⢠142,255.29 USDT at Bs. 947.00 (other platforms, no bank identified in the book).
⢠61,209.36 USDT at Bs. 950.00 (other platforms, no bank identified).
⢠39,516.86 USDT at Bs. 952.10 (Binance; Banco de Venezuela, BANK, Banesco and Pago Móvil).
These are blocks with enough size for a large operation, but at prices that are no longer the best in the order book and, in two cases, without a declared bank. Size and price rarely match at the same level.
đ Read the full article: https://pitbullchain.com/noticias/que-revela-el-libro-de-ordenes-usdt-ves-spread-4-66-y-prima-13-41
https://public.bnbstatic.com/image/pgc/20260922/fa4413fc5893468ba410c15329b7105d.jpg
đ Live rates and analysis at https://pitbullchain.com
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