Live Radar P2P Capture: 10/10/2026, 10:00:09 a.m.

USDT/VES reference rate Bs. 1024.74

USDT buy rate Bs. 1024.74

USDT sell rate Bs. 984.92

BCV Bs. 876.80

Premium vs. BCV 16.87%

P2P spread 4.04%

Offers observed 98

Verify current data on Radar P2P

On October 10, 2026, with data captured at 14:00, Venezuela's foreign exchange market put three figures on the table that are often read as if they were the same: 876.80 Bs/USD on the BCV, an aggregate spread of 4.04% between 1,024.74 and 984.92 bolívares per USDT, and a spread of 0.93% within the order book. Viewed together, they seem contradictory. They are not: each answers a different question. Here we separate the fact, the calculation, and the interpretation, without suggesting any trades.

📊 Three figures, three different scopes

Reference Value What it measures Scope BCV dollar 876,7976 Bs/USD Official rate published by the Central Bank of Venezuela Conversion reference; not an executable price Aggregated spread (P2P Radar) 39,81 Bs = 4,04%**buy 1.024,7386 / sell 984,9245 Distance between the best buy price and the best sell price collected by the aggregator across platforms and methods Mixes exchanges, banks, and different limits; not always a tradable pair Order book spread 9,42 Bs = 0,93%

ask 1.005,84 / bid 1.015,26 Distance between the best ask and the best bid within the consolidated book (mid-price 1.010,55) Limited set of levels; depends on the bank, limits, and counterparty matching The details matter: the aggregate uses prices that may come from different platforms and payment rails that do not cross with one another. The book, by contrast, compares offers that have already passed through a consolidation filter. That is why 4,04% and 0,93% can coexist at the same moment without either being miscalculated.

📈 The P2P premium over BCV: 16,87%

Direct calculation: 1.024,7386 ÷ 876,7976 − 1 = 16,87%**. That is the premium of the USDT buy price over the official rate, and it matches the premium field in the market snapshot. It is not a daily change: it is a difference in level between two references of different kinds.

For context, the parallel dollar tracked by the radar is at 1.013,06 (buy 1.014,11 / sell 1.012,01), with a spread of just 0,21%. The picture is similar for euros: BCV at 982,0045 and the parallel rate at 1.147,70, with a premium of 16,87%.

🔎 Why the aggregated spread does not match the order book spread

The 4,04% comes from comparing the two most extreme prices in the aggregator: 1.024,74 and 984,92. The 0,93% comes from comparing two prices that are in the same book: 1.005,84 and 1.015,26. These are different questions with different answers.

There is also a point worth noting as a fact, not a conclusion: in the book, the best bid (1.015,26) is above the best ask (1.005,84). This inversion indicates that the two sides cannot be executed directly against each other: the cheapest ask is on other platforms, with 587 USDT and banks identified only by codes (287 and 285, not mapped to bank names), while the best bid is on Binance with Banplus. Different exchanges and payment rails explain why the book appears crossed without actually being crossed in practice.

💰 Liquidity by bank: Banesco and Pago Móvil lead

Bank / method Score Listings Buy Sell Spread Measured liquidity Banesco 98 27 1.014,20 1.007,90 0,62% 23,5% Pago Móvil 88 27 1.014,92 1.008,94 0,59% 23,5% Other method 73 19 1.015,56 1.006,67 0,88% 16,5% Banco de Venezuela 62 12 no data 1.012,18 not calculable 10,4% BANK 57 9 no data 1.012,12 not calculable 7,8% Mercantil 49 5 1.013,61 no data not calculable 4,3% Two useful takeaways. First: Banesco and Pago Móvil account for about 47% of measured liquidity, with internal spreads below 0,65%. Second: when a bank shows only one side of the market, its spread appears as zero, but that does not mean the spread is zero: it means there is nothing to compare it with. That is why it is best to read the score alongside the listings column, not in isolation.

📖 Read the full article: https://pitbullchain.com/noticias/bcv-876-80-vs-p2p-por-que-el-spread-4-04-no-es-el-0-93-del-libro

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