Live P2P Radar Capture: 8/10/2026, 4:00:10 p. m.
USDT/VES reference Bs. 1021.79
Buy USDT Bs. 1021.79
Sell USDT Bs. 991.16
BCV Bs. 874.73
Premium vs BCV 16.81%
P2P Spread 3.09%
Observed offers 263
Verify current data in Radar P2P
Cutoff data: aggregated USDT/VES order book captured on October 8, 2026 at 19:59:45 UTC, with Radar P2P updated at 20:00:08 UTC. All figures in this note come from that capture and are reproducible in the PitbullChain P2P Order Book tool.
The Venezuelan P2P USDT market closed the day with two very different readings of the same reality. The aggregate publishes a spread of 30,64 Bs, equivalent to 3,09%. The operating order book—the one that shows price, bank, and limit for each offer—shows a spread of 0,83 Bs: 0,08%.
It’s not a data error. They are two different metrics measuring two different things, and that difference is exactly what you should understand before looking at a single listing.
📊 Why the aggregate spread (3,09%) is not the spread you actually execute (0,08%)
Radar P2P’s aggregate combines a buy reference at 1.021,79 Bs with a sell reference at 991,16 Bs. That’s where the 30,64 Bs and the 3,09% published spread come from.
Verifiable fact: the 991,16 Bs level does not appear anywhere in the book. The lowest recorded level in the screenshot is 1.008,10 Bs (other platforms, Pago Móvil) and the highest is 1.018,00 Bs (other platforms, Pago Móvil and bank transfer). The real range across the 42 price levels is between 1.008,10 and 1.018,00 Bs.
The executable spread is calculated using the best ask and the best bid that exist as published offers:
• bestAsk: 1.015,83 Bs — Binance, Banesco, 2.989,43 USDT, limit 298,94 to 2.989,43 USDT.
• bestBid: 1.015,00 Bs — Binance, BDDT banks and BancoPlaza, 82.725,74 USDT split across 2 offers.
• Difference: 0,83 Bs over a mid price of 1.015,41 Bs, i.e. 0,08%.
Own calculation: the gap between 3,09% and 0,08% is not margin available to anyone. It is the distance between a reference rate and a real order book. To compare against the BCV, the aggregate’s implied premium is 16,81% over the official 874,7321 Bs, with the parallel at 1.019,67 Bs.
📈 Binance: the best sell price and 80% of the order book depth
Binance concentrates the best price for anyone who needs USDT: 1.015,83 Bs at Banesco, below everything published on other platforms in that screenshot. It also places the sell-ask side.
Own calculation based on the published levels: the ask side totaled 75.269,92 USDT. Binance contributed 60.347,35 USDT, close to 80.2%, not counting its share of a mixed level of 6.318,01 USDT at 1.017,00 Bs shared with other platforms. Other platforms contributed 8.604,56 USDT, about 11.4%.
The largest sell blocks in the book are from Binance and almost all are in Banesco:
• 11.688,16 USDT at 1.017,40 Bs (Banesco).
• 10.865,09 USDT at 1.017,36 Bs (Banesco).
• 8.455,05 USDT at 1.017,30 Bs (Banesco, Provincial and Mercantil).
• 6.205,62 USDT for 1.016,80 Bs (Banesco, 2 merchants).
Binance’s own block in the screenshot shows 10 buy offers with the best price at 1.015,00 Bs and a median of 1.016,00 Bs, and 10 sell offers with the best price at 1.015,80 Bs and a median of 1.015,00 Bs.
🔎 other platforms: the large blocks are on the buy side
Other platforms do not win on the sell price, but they dominate on block size when someone wants to place USDT against bolívares. The four largest in the book are theirs:
• 100.000 USDT at 1.010,00 Bs using another method, limit 10.000 to 100.000 USDT. It is the largest individual block in the entire screenshot.
• 89.735,91 USDT at 1.012,60 Bs at Banesco, limit 8.973,59 to 89.735,91 USDT.
• 68.452,30 USDT at 1.010,01 Bs at Banesco, limit 6.845,23 to 68.452,30 USDT.
• 38.397,09 USDT at 1.013,00 Bs using Pago Móvil, limit 3.839,71 to 38.397,09 USDT.
Own calculation: the buy side totaled 571.987,18 USDT. Other platforms contributed 300.035,08 USDT, 52.5%, and Binance 271.952,10 USDT, 47.5%. The difference is only five percentage points, but the largest block is on other platforms by a wide margin.
💰 Bank by bank: where the liquidity is and where the spread is tightest
Bank or method | Ads | Buy avg. price | Sell avg. price | Spread | Liquidity
📖 Read the full article: https://pitbullchain.com/noticias/binance-vs-otras platforms-el-spread-real-del-p2p-es-0-08-no-3-09
https://public.bnbstatic.com/image/pgc/20261008/78750efbf4a54e098fbf4cbc7f8e93b0.jpg
📊 Live rates and analysis at https://pitbullchain.com