Live P2P Radar capture: 22/9/2026, 10:00:07 p. m.
USDT/VES reference Bs. 973.37
Buy USDT Bs. 973.37
USDT buy/sell in Bs. 947.04
BCV Bs. 853.50
Premium vs BCV 14.04%
P2P spread 2.78%
Offers observed 204
Check current data in P2P Radar
Facts first. As of the 02:00 UTC cut-off on September 23, the USDT/VES P2P radar showed Bs 973.37 on the buy side and Bs 947.04 on the sell side. That gives a spread of Bs 26.34, equivalent to 2.78%. At the same time, the aggregated order book —which brings together levels from Binance and other platforms— showed the best ask at Bs 965.21 and the best bid at Bs 964.50: a spread of Bs 0.71, i.e. 0.07%. Both numbers are correct. They measure different things.
📊 The two numbers being compared incorrectly
The confusion isn’t in the figures, but in the scope of each tool. The radar summarizes the price posted in P2P ads—specific banks, limits, and merchants. The order book takes only the best level available in each book at that moment. The first describes a display case; the second is the most competitive edge of that display case.
• P2P radar: Bs 973.37 / Bs 947.04 → spread of Bs 26.34 (2.78%).
• Order book: best ask Bs 965.21 / best bid Bs 964.50 → spread of Bs 0.71 (0.07%). Mid price: Bs 964.86.
• Parallel dollar (Binance P2P): Bs 964.28, with an internal spread of Bs 0.12 (0.01%).
• BCV dollar: Bs 853.4993.
Translated: the radar’s buy price is 0.85% above the best ask (Bs 973.37 vs Bs 965.21) and the sell price is 1.81% below the best bid (Bs 947.04 vs Bs 964.50). That asymmetry—the sell side moves away more—is what inflates the final percentage.
📈 What the P2P radar measures (Bs 973.37 / Bs 947.04)
The radar works with posted ads: each one has its bank, its minimum and maximum limits, and the pricing criteria of whoever publishes it. That’s why its reading is wider and slower than the book’s. It’s not a photo of the best possible price, but of the price that is actually being offered at the user’s view right now.
In that same snapshot, the market showed 224 active offers (86 buy and 138 sell) and a premium versus the BCV of 14.04%. The P2P traffic light was at 71/100, yellow status, with the label “Moderate caution”.
🔎 What the aggregated order book measures (Bs 965.21 / Bs 964.50)
The order book keeps only the first price step from each side and groups them across exchanges. That step runs out quickly. The cut data shows it clearly:
• The best ask (Bs 965.21) corresponds to 500 USDT, with an equivalent Bs-limit between 50 and 500 USDT, on other platforms and under “Other method”.
• The best bid (Bs 964.50) concentrates 48,679.11 USDT in a single ad.
• Aggregated depth: 799,048.50 USDT on the buy side and 89,393.81 USDT on the sell side, with 38 and 36 offers respectively. Reported imbalance: 79.88%.
• In the Binance snapshot: 10 buy orders at the best price in Bs 963.50 (median Bs 964.00) and 10 sell orders at the best price in Bs 965.70 (median Bs 965.45).
Calculation, not an opinion: with a spread of 0.07%, the book is practically closed at its first level. That doesn’t mean the whole market trades at that price; it means only whoever takes that level and that limit can get it.
💰 Spread by bank: from 0.41% to 1.22%
Here is the most useful part of the breakdown. When you separate by payment method, the width changes noticeably and not always in the direction you’d expect.
Bank / method Spread Ads Average buy / sell price
Banco de Venezuela 0.41% (Bs 3.98) 11 Ads Bs 966.91 / Bs 962.93
Banesco 0.96% (Bs 9.19) 26 Ads Bs 969.20 / Bs 960.01
Pago Móvil 1.09% (Bs 10.46) 29 Ads Bs 970.72 / Bs 960.26
Other method 1.22% (Bs 11.72) 31 Ads Bs 970.01 / Bs 958.29
Reasonable interpretation: Banco de Venezuela shows the narrowest spread (0.41%), but with 11 ads and an 8.5% share of liquidity within the monitored set. Banesco has 26 ads, 20% relative liquidity, and a 0.96% spread. Pago Móvil and “Other method” are the deepest in number of ads, and they’re also the widest. Less spread doesn’t automatically mean better execution for your amount.
Mercantil (9 ads), BANK (6), Bancamiga (5), and PagoMovil (4) appear with only one side of the price in the snapshot, so their spread can’t be calculated from this data. We don’t make it up.
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📖 Read the full article: https://pitbullchain.com/noticias/spread-del-usdt-p2p-se-abre-a-2-78-que-revisar-antes-de-operar
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