Live P2P Radar Capture: 8/10/2026, 6:00:12 p. m.

USDT/VES reference Bs. 1023.43

Buy USDT Bs. 1023.43

Selling USDT Bs. 996.27

BCV Bs. 874.73

Premium vs BCV 17%

P2P Spread 2.73%

Observed offers 269

Check current data on P2P Radar

The price shown by the radar and the price sitting in the order book are not the same. On October 8, 2026, at 22:00 UTC, the USDT/VES order book had a better bid of 1,018.30 and a better ask of 1,018.70. That is a spread of 0.40 bolívares: 0.04%. At the same instant, the radar’s aggregated quote showed buy at 1,023.43 and sell at 996.27, with a spread of 27.15 bolívares—2.73%. The ratio between them is 68 times (2.73 ÷ 0.04 = 68.1).

This analysis does not tell you what to do. It explains why the number on your screen almost never matches the level you can actually execute at, and how much it costs to enter and exit depending on the amount, bank, and limits on each listing.

📊 The gap: 0,04% versus 2,73%

The order book is specific: levels, amounts, exchanges, and banks behind each order. The radar is an aggregated reference that combines different payment methods, counterparties, and listing quality. That’s why the two figures can coexist without contradicting each other, but they are not interchangeable.

• Order book: best bid 1.018,30 (sell USDT), best ask 1.018,70 (buy USDT), mid 1.018,50, spread 0,40 VES (0,04%).

• Radar: buy 1.023,43, sell 996,27, spread 27,15 VES (2,73%).

• Key detail: the radar’s sell price (996,27) is 22,03 bolívares below the order book’s best bid. The radar’s buy price (1.023,43) is 4,73 bolívares above the best ask.

In other words, someone looking only at the aggregate may think the market has a 2,73% spread, when the actual top of the book is practically closed. The explanation lies in depth and limits, not in the exchange rate.

📈 Getting in costs more than 0,04%: walking the book

The best ask at 1.018,70 has just one listing: 54,58 USDT on other platforms, with Pago Móvil, a minimum of 5,46, and a maximum of 54,58. If you want to buy more than that, the order book forces you to move up a level. The second level, at 1.019,00, adds up to 10.853,27 USDT split between Binance and other platforms (Bancamiga, Banesco, and another method).

Amount Levels consumed Effective price Deviation vs. 1.018,70

100 USDT 54,58 at 1.018,70 + 45,42 at 1.019,00 1.018,79 +0,01%

1.000 USDT up to 1.019,00 1.018,98 +0,03%

5.000 USDT up to 1.019,00 1.019,00 +0,03%

20.000 USDT up to 1.020,85 1.019,67 +0,10%

Our own calculations based on the published levels, excluding fees and listing restrictions. For 20.000 USDT, the order book is swept up to 1.020,85 and the total amount comes to 20.393.416,64 bolívares. For 1.000 USDT, it is 1.018.979,35 bolívares. For 100 USDT, it is 101.879,35 bolívares. The lesson is simple: the deviation grows with size, and the order book spread holds for smaller trades; for larger trades, it widens.

🔎 Exiting: listing minimums block access to the best bid

The bid side is more awkward. The best bid, 1.018,30, only accepts trades starting at 787,96 USDT (Banesco, Binance, with 7.879,57 USDT available). Anyone wanting to sell 100 USDT cannot access that level, no matter how prominently it appears on screen.

Descending: 1.018,00 requires a minimum of 560; 1.017,60 requires 351,14; 1.017,50 requires 500; 1.017,42 requires 276,31; 1.017,40 requires 463,89; 1.017,20 requires 300. The first level that supports a sale of 100 USDT is 1.017,10, with a minimum of 99,85 and the banks Banesco, Banco Nacional de Crédito, BBVA, and Provincial on Binance.

There’s the second spread—the one that matters: between buying at 1.018,79 and selling at 1.017,10, there are 1,69 bolívares, or 0,17%. It’s still much smaller than the radar’s 2,73%, but five times larger than the 0,04% visible at the top of the book. One structural detail: practically the entire bid side (1.018,30 to 1.017,10) comes from Binance, while the ask side starts on other platforms.

💰 Depth by bank: Pago Móvil 24,4% and Banesco 16,8%

Of the listings analyzed, Pago Móvil accounts for 29 (24,4%) and Banesco for 20 (16,8%). They are followed by another method with 22 (18,5%), Banco de Venezuela with 16 (13,4%), BANK with 14 (11,8%), Mercantil with 6 (5%), Bancamiga with 4 (3,4%), and BDDT with 2 (1,7%).

• Banco de Venezuela: average spread of 3,84 VES (0,38%).

• BANK: 3,86 VES (0,38%).

• Banesco: 5,80 VES (0,57%).

• Pago Móvil: 8,05 VES (0,80%).

• Another method: 9,26 VES (0,92%).

📖 Read the full article: https://pitbullchain.com/noticias/order-book-usdt-ves-el-spread-del-libro-es-68-veces-menor-que-el-del-radar

https://public.bnbstatic.com/image/pgc/20261008/e6ede664007047a295c63e6a3edf4a9b.jpg

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

$USDT \u003ct-159/\u003e \u003ct-161/\u003e \u003ct-163/\u003e \u003ct-165/\u003e #marketdepth