Radar P2P live Capture: 10/10/2026, 2:00:09 p. m.
USDT/VES reference Bs. 1024.00
USDT Buy Bs. 1024.00
USDT Sale Bs. 985.77
BCV Bs. 876.80
Premium vs BCV 16.79%
P2P Spread 3.88%
Observed offers 244
Verify current data in Radar P2P
Radar P2P: 3.88% spread. Order book: 0.33%. Both numbers come from the same Venezuelan USDT/VES market and at first glance seem contradictory. They are not: they measure different layers of the same reality. One describes the aggregated gap between buy and sell; the other, the boundary where there is executable liquidity right now.
📊 Two spreads, two different questions
The radar data (captured on October 10, 2026, at 18:00 UTC) reports a buy price of Bs. 1.023,9977 and a sell price of Bs. 985,7697. The difference is Bs. 38,23, equivalent to 3,88%. That figure answers a broad question: how wide is the P2P market as a whole?
The live order book (17:59 UTC) shows a best ask of Bs. 1.014,30 and a best bid of Bs. 1.011,00. The difference is Bs. 3,30, or 0,33% of a midpoint of Bs. 1.012,65. That figure answers a different question: what can I execute right now, at what price, and in what quantity?
Both are correct. Interpreting them as if they were the same indicator is the most common reading error.
📈 What the live order book reveals: the thin spread at the top level
The book records 244 listings. The 0,33% is not the spread for the entire market: it is the spread at the top level, and that level is thin.
• Best bid (Bs. 1.011,00): just 1.081,09 USDT on other platforms via Banesco.
• Second bid (Bs. 1.010,00): 616,10 USDT.
• Best ask (Bs. 1.014,30): 12.003,56 USDT on Binance via Banesco.
• At Bs. 1.015,00: 17.161,57 USDT spread across 8 offers from 8 merchants, on Binance and other platforms.
In other words: there is a very competitive price at the top, but little volume available at that price. Anyone needing to execute a large order does not trade against the best bid; they trade against the next levels, and there the picture changes completely.
🔎 The two walls: where the money really is
The book's aggregate depth is 153.462,16 USDT in bids versus 54.769,70 USDT in asks. The imbalance is 47,4%, with 10 buy offers and 27 sell offers. The concentration is even more striking:
• Bs. 1.009,10 (other platforms, Mobile Payment): 61.001,70 USDT across 2 offers. Limits range from 100 to 60.001,70 USDT.
• Bs. 1.008,70 (other platforms, Banesco): 78.008,01 USDT across 2 offers. Limits range from 24,01 to 77.767,88 USDT.
Together, they total 139.009,71 USDT: around 90,6% of all the volume listed on the buy side. These are two levels separated by Bs. 0,40, concentrated on a single exchange, other platforms, with two different payment methods. That is where the real liquidity in Venezuelan P2P is today—not at 1.011, the price shown first on screen.
💰 A breakdown by bank and exchange
The bank comparison tool ranks by score, liquidity, and its own spread. Today's data:
• Banesco: 27 listings, average buy price Bs. 1.015,50, average sell price Bs. 1.009,09, spread 0,64%, score 98, and 23,3% of the liquidity.
• Bank of Venezuela: 19 listings, average sell price Bs. 1.015,79, score 75, 16,4% liquidity.
• BANK: 18 listings, average sell price Bs. 1.015,83, score 73, 15,5%.
• Other method: 18 listings, average buy price Bs. 1.016,42, sell price Bs. 1.008,30, spread 0,81%, score 71.
• Mobile Payment: 16 listings, average buy price Bs. 1.017,43, sell price Bs. 1.012,40, spread 0,50%, score 68, 13,8%.
• Provincial, Mercantil, and BBVABank: 4, 3, and 3 listings, with scores between 46 and 47.
By exchange, Binance shows a best buy price of Bs. 1.016,203 (median Bs. 1.016,30) and a sell price of Bs. 1.013,99 (median Bs. 1.013,90). In the consolidated order book, Binance dominates the first ask layer, while the large walls are on other platforms.
Reference context: the BCV dollar stands at Bs. 876,7976 and the parallel rate at Bs. 1.015,29. The USDT P2P premium over the BCV rate is 16,79%. This gap of around 16% had already been noted in Binance P2P market coverage, and other analyses describe sustained demand for USDT in Venezuelan P2P.
🛡️ Why the signal is yellow with a score of 71
The signal reads "Moderate caution" with a score of 71. Its metrics explain the apparent tension:
📖 Read the full article: https://pitbullchain.com/noticias/radar-3-88-vs-libro-0-33-que-revela-la-profundidad-del-p2p
https://public.bnbstatic.com/image/pgc/20261010/fc58ab5b157c4faebd5680e25ca0b476.jpg
📊 Live rates and analysis at https://pitbullchain.com
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