USDT/VES: aggregated spread of 2.32% and a flat book with a 13.72% premium

 Live P2P Radar Capture: 24/9/2026, 6:00:07 p. m.
 USDT/VES reference Bs. 973.03
 Buy USDT Bs. 973.03
 Sell USDT Bs. 950.93
 BCV Bs. 855.66
 Premium vs BCV 13.72%
 P2P Spread 2.32%
 Observed offers 249
 Verify current data on P2P Radar
 The P2P USDT market in Venezuela is rarely understood with a single number. In the P2P Radar capture from September 24, 2026, at 22:00 UTC, the board showed an aggregated spread of Bs. 22.10 between the buy price (Bs. 973.03) and the sell price (Bs. 950.93), equivalent to 2.32%. Minutes earlier, the order book showed an almost flat top: best ask at Bs. 966.54 and best bid at Bs. 966.50, a difference of Bs. 0.04. There’s no contradiction: these are two ways of measuring the same market using different criteria.
📊 Two readings of the same market
Aggregated spread (Radar P2P): Bs. 973.03 / Bs. 950.93, with an absolute spread of Bs. 22.10 (2.32%). It summarizes the extremes published by the set of offers, crossing banks, payment methods, and limits.
Spread at the top of the book: best ask Bs. 966.54, best bid Bs. 966.50, spread of Bs. 0.04. Average price in Bs. 966.52. It’s a snapshot of the best available price at that moment, not the market’s average.
The book aggregates 249 depth listings: 324,456.57 USDT on the buy side (38 offers) and 161,944.88 USDT on the sell side (33 offers). The imbalance is 33.41% in favor of buyers, and that explains much of why the top is stuck close to the top.
📈 Why the aggregated spread swells versus the real order book
• Mix of marketplaces. The aggregate combines Binance and other platforms, with merchants of very different sizes. The book weights best price and volume more effectively.
• Long tail of prices. Listings with extreme prices and low liquidity still weigh in the average, even though almost nobody trades there.
• Sample size. With 269 active offers spread across several banks, dispersion grows by definition.
• Different denominator. The top looks at a single point; the aggregate looks at the full set.
In short: the 2.32% describes market variety, not the real cost of a specific trade executed well. And the 0.04% describes the opposite: the best opportunity available at a given instant, with no guarantee that you can take it in full.
🔎 The 13.72% premium versus BCV
The BCV publishes Bs. 855.6625 per dollar. Using the aggregated buy price (Bs. 973.03), the premium is 13.72%—the figure the market headlines today. But the premium changes depending on the reference price you use:
• Bs. 973.03 (aggregated buy): 13.72%
• Bs. 966.52 (book average price): 12.96%
• Bs. 967.17 (parallel dollar): 13.03%
• Bs. 950.93 (aggregated sell): 11.14%
An internal signals module reported a 12.43% premium. With the published data, it cannot be replicated exactly: it corresponds to an intermediate reference close to Bs. 962, and the feed does not indicate which one was used. It’s a good reminder: every premium must specify what price it was calculated against.
Additional data: the BCV’s official euro trades at Bs. 972.648677 and the parallel euro at Bs. 1,106.07— a difference of 13.72%. The match suggests the move is of the bolívar versus currencies in general, not an exclusive USDT phenomenon.
💰 Liquidity from 269 offers and breakdown by bank
The Radar report shows 269 active offers (94 buy and 175 sell) with 249 verifiable depth listings. The dominant banks are Pago Móvil, Banesco, Mercantil, BANK, Provincial, Banco de Venezuela, Bancamiga, and Banco Nacional de Crédito. This is how the average is distributed by bank:
Bank Ads Buy avg. Sell avg. Spread Score Pago Móvil 32 Bs. 968.61 Bs. 963.06 0.58% 88 Banesco 25 Bs. 969.04 Bs. 964.53 0.47% 88 Banco de Venezuela 14 Bs. 969.02 Bs. 965.66 0.35% 61 BANK 12 Bs. 968.70 Bs. 965.65 0.32% 58 Mercantil 8 Bs. 969.33 Bs. 965.60 0.39% 51 Provincial 7 No data Bs. 966.18 No data 51 BBVABank 3 No data Bs. 966.25 No data 45 Reading: the spreads by bank range from 0.32% to 0.58%, far below the aggregated 2.32%. The average penalizes the market due to its tail, not because of its center.
🛡️ What matters most when trading
The best price in the order book is a reference, not a guarantee. Four filters determine whether you can take it:
📖 Read the full article: https://pitbullchain.com/noticias/usdt-ves-spread-de-2-32-agregado-y-libro-plano-con-prima-de-13-72
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📊 Live rates and analysis at https://pitbullchain.com
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