Live P2P Radar Capture: 12/10/2026, 10:00:11 PM
USDT/VES reference Bs. 1019.73
Buy USDT Bs. 1019.73
Sell USDT Bs. 985.38
BCV Bs. 876.80
Premium vs. BCV 16.3%
P2P spread 3.49%
Offers observed 97
Check current data on Radar P2P
USDT/VES P2P trading closed on October 13 with two readings that seem to contradict each other: the radar reports a spread of 3.49% —Bs. 34.34 between the buy and sell reference prices— while the internal order book shows just 0.40%, equivalent to Bs. 4.00 on an average price of Bs. 1,008.50. Neither figure is wrong. They measure different things in the same market, and that difference is precisely what you should understand before reacting to a headline about a premium.
📊 The day’s hard numbers
• P2P radar: buy at Bs. 1,019.73 and sell at Bs. 985.38. Spread of Bs. 34.34, equivalent to 3.49%. Reported change of 16.30%, trending upward.
• Order book: best ask at Bs. 1,006.50 and best bid at Bs. 1,010.50. Internal spread of Bs. 4.00 (0.40%) and a midpoint of Bs. 1,008.50.
• BCV: Bs. 876.80 per dollar. The P2P premium over the official rate is 16.30%.
• Parallel market (Binance P2P): Bs. 1,012.88, with a spread of 0.19%.
• Risk traffic light: 65/100, yellow status, label “Moderate caution”.
📈 Why 3.49% and 0.40% don’t contradict each other
The radar takes the extremes of retail reference prices: how much it costs to get in and how much you receive when you exit, across the broad pool of listings. The gap between these two extremes is Bs. 34.34. The order book, by contrast, measures the distance between the two best internal reference prices at that moment: Bs. 4.00. These are two ways of measuring the same market.
Three reasons explain the gap between the two percentages:
• Different universes. The visible book combines 97 listings from Binance and other platforms. The overall count includes 269 active offers, while the provider’s raw data includes 169 listings from other platforms that don’t appear in the price ladder. The book shows part of the market, not the whole market.
• The radar’s sell reference isn’t in the book. The radar shows a sell price of Bs. 985.38, but the lowest bid in the visible ladder is Bs. 1,003.31. That Bs. 985.38 comes from a broader universe, not from the levels you can trade against in the book today. It’s worth stating plainly.
• Mixed payment methods. The book prioritizes aggregated depth. The radar weights reference prices by method, and when Pago Móvil, Banesco, and “Other method” quote different spreads, the average is pulled upward.
Interpretation: 3.49% describes the full range of retail prices for the day. 0.40% describes the boundary where the book is trading right now. Anyone trading meaningful size will transact somewhere in between, closer to the book than to the retail range.
🔎 Depth is unbalanced: 885,936 versus 69,785 USDT
The day’s key structural feature isn’t the spread, but the book’s asymmetry. On the buy side, there are 885,936.64 USDT across 36 offers. On the sell side, there are 69,785.58 USDT across 35 offers. The depth indicator reports an imbalance of 85.4%.
Verification note: the direct ratio between the two volumes is 12.7 to 1, meaning 92.7% of the visible volume is on the buy side. The indicator labels it 85.4%. Both figures point to the same thing—the buy side clearly dominates—but they aren’t identical, and it’s worth noting that rather than repeating the number without context.
The buy wall is concentrated at a few levels: Bs. 1,010 has 521,781.65 USDT across four offers, and Bs. 1,010.50 has 76,365.70 USDT in a single offer. On the other side, the cheaper range is thin: the best ask at Bs. 1,006.50 has just 458.02 USDT in one offer, and Bs. 1,008.99 has 300 USDT. Cheap liquidity is available, but it’s limited.
💰 What changes for buyers and sellers
🛡️ If the goal is to get into USDT
The best visible price isn’t the price you’ll get. With 458.02 USDT at the first level, any medium-sized order immediately moves up the ladder: Bs. 1,012.60 offers 2,640.33 USDT, and Bs. 1,013.00 has 9,422.15 USDT across five offers, with Bs. 1,013.50 adding another 12,249.57 USDT. The average fill ends up above the best ask. On Binance, the buy reference shows a best price of 1,011.00 and a median of 1,011.30, a narrower range than the aggregated ladder.
📖 Read the full article: https://pitbullchain.com/noticias/usdt-ves-el-spread-marca-3-49-mientras-el-order-book-dice-0-4
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📊 Live rates and analysis at https://pitbullchain.com
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