Live P2P Radar Capture: 26/9/2026, 12:00:08 a. m.

USDT/VES reference Bs. 983.67

Buy USDT Bs. 983.67

Buy USDT Bs. 947.21

BCV Bs. 857.01

Premium vs BCV 14.78%

P2P spread 3.85%

Observed offers 211

Verify current data on P2P Radar

On September 26, 2026 at the close, the P2P Radar showed an aggregated rate of 983.67 Bs per USDT in its buy band and 947.21 Bs in the sell band. From there comes a spread of 36.47 Bs, equivalent to 3.85%. The order book visible on Binance and other platforms, measured minutes earlier (03:59:43 UTC), shows something else: better ask at 972.79 Bs, better bid at 971.20 Bs, and a spread of just 1.59 Bs (0.16%).

There’s no contradiction or calculation error. These are two instruments that measure different things, and mixing them up leads to poorly calibrated decisions. Here we break down what each number says, where the real liquidity is, and what to check before moving bolívares.

📊 Two spreads, two different questions

The Radar adds posted prices: bands of published notices on P2P platforms, with payment methods, limits, and heterogeneous conditions. It serves as a context reference —market direction and premium versus the BCV—, not as an executable price.

The book, on the other hand, orders offers by price and shows what is available to cross right now. Its spread is the immediate cost of entering or exiting: 1.59 Bs between the best ask and the best bid, with an average price of 972.00 Bs.

Reference Buy Sell Spread

P2P Radar (aggregated notices) 983.67 Bs 947.21 Bs 36.47 Bs / 3.85%

Binance book + other platforms (executable) 972.79 Bs (ask) 971.20 Bs (bid) 1.59 Bs / 0.16%

Reported parallel dollar 971.20 Bs 971.22 Bs 0.02 Bs

BCV dollar 857.01 Bs P2P premium vs BCV: 14.78%

Fact: the BCV publishes 857.01 Bs and P2P trades far above it, with a 14.78% premium according to the traffic light. Alternative calculation: a signal from the feed itself estimates 12.65% using the same BCV; the difference comes from the P2P price that feeds each formula. Interpretation: the premium is a context datum, not a return promise.

📈 Depth anatomy: 529,702 against 177,904 USDT

The book reports 529,702.85 USDT in bids spread across 27 offers, and 177,903.93 USDT in asks across 32 offers. The ratio is almost 3 to 1 in favor of the USDT buy side.

The published imbalance is 49.72%, and it’s obtained like this: (529,702.85 − 177,903.93) / (529,702.85 + 177,903.93) = 351,798.92 / 707,606.78. In other words, of all visible volume, almost half net sits on one side. That’s not a price prediction: it’s a snapshot of the liquidity wall.

Scenario (100,000 USDT) Estimated average price Slippage vs best price

Sell USDT against bids ≈ 970.84 Bs −0.36 Bs (0.04%)

Buy USDT against asks ≈ 973.85 Bs +1.06 Bs (0.11%)

These are our own calculations based on the published levels, without commissions or supply-limit restrictions. The sell side holds up better because there’s more volume; the buy side moves up faster because there’s less.

🔎 Map by bank: where each side of the book lives

Bank concentration explains much of the asymmetry. Of the first 15 bid levels —from 971.20 to 968.10 Bs— practically all go through Banco de Venezuela and BANK, with large amounts: 29,966 USDT, 27,640 USDT, 79,618 USDT and 23,320 USDT in a single notice, all on the buy side.

Further down, the bid changes hands: Banesco appears across four levels between 967.91 and 967.62 Bs, and Pago Móvil (via other platforms) dominates the deep segment, including the largest bid in the book: 97,182.71 USDT at 965.00 Bs, with a minimum limit of 9,718.27 USDT.

The asks are more spread out: Banesco leads with 1,653, 2,477, 7,217 and 12,953 USDT between 972.79 and 973.90 Bs; Mercantil contributes 6,089 and 13,362 USDT between 973.55 and 973.80 Bs; BNC puts 16,929 USDT at 973.99 Bs; Provincial and Bancamiga show up at 974.60 and 974.68 Bs; and Pago Móvil supports the largest visible ask: 43,001.26 USDT at 975.45 Bs, close to 24% of all ask volume.

Banco Avisos Liquidity participation Score

Another method 31 25.4% 85

Pago Móvil 27 22.1% 79

Banesco 22 18.0% 83

Banco de Venezuela 17 13.9% 66

BANK 11 9.0% 58

Mercantil 7 5.7% 51

BNC 3 2.5% 45

Provincial 2 1.6% 43

📖 Read the full article: https://pitbullchain.com/noticias/anatomia-del-order-book-usdt-ves-spread-de-3-85-vs-0-16

https://public.bnbstatic.com/image/pgc/20260926/472afd570c674671805213f9d38b0102.jpg

📊 Live rates and analysis at https://pitbullchain.com

$USDT $BTC #orderbookP2P #USDTVES #profundidaddemercado #liquidezP2PVenezuela #spreadP2P