P2P Arbitrage Scanner

Name: OpenRate stablecoin market dataset — P2P rates, crypto card spend, on-chain flows
Creator: OpenRate
License: https://creativecommons.org/licenses/by/4.0/
Keywords: p2p rate, usdt p2p rate, stablecoin card spending, crypto card volume, binance p2p, p2p arbitrage, on-chain card data

Compare live P2P markets to see where USDT trades cheaper, where it trades at a premium, and where cross-market spreads may exist. Data from cleaned order books — no raw ads.

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No reliable spread routes right now

Spread routes are only shown when both corridors have sufficient clean data, a valid spot reference, and a positive net spread after estimated costs.

How P2P Arbitrage Spreads Are Calculated

P2P arbitrage spreads appear when USDT trades at different premiums in different local markets. OpenRate compares cleaned P2P market prices against spot FX references (ECB/Frankfurter) to estimate where premium gaps exist. Only cleaned ad data is used — raw ads, outlier merchants, and stale listings are excluded before any price is computed.

These spreads are not guaranteed profits. Actual execution depends on liquidity, fees, settlement speed, payment rails, limits, and counterparty risk.

Gross Spread vs Estimated Net Spread

Exchange / platform fees

−0.2%

Transfer / settlement friction

−0.3%

Execution buffer

−0.3%

Total estimated deduction

−0.8%

Net spread = gross spread − estimated costs. Actual costs vary by exchange, payment method, and route.

Execution Risks

Liquidity risk

Thin order books mean execution at worse prices than shown.

Settlement risk

Cross-border fiat movement takes time and may fail.

Payment rail risk

Payment methods may be blocked or delayed between markets.

Data quality risk

Low-quality corridors have fewer clean merchants — prices less reliable.

Wide spread risk

Extreme spreads often reflect market stress, not executable opportunity.

Low merchant depth

Few merchants means less liquidity and higher execution risk.

Related P2P Markets

Premium Index Calculator USDT/INR USDT/NGN USDT/AED USDT/TRY USDT/BRL USDT/ARS Merchants

DISCLOSURE

Arbitrage scanner uses cleaned P2P order book data and model-based cost assumptions. Estimated net spreads are not guaranteed execution outcomes. Actual outcome depends on exchange fees, liquidity, payment rails, settlement speed, limits, and counterparty risk. Confidence labels are model-based estimates, not financial advice. Data updates every 60 seconds. Always verify current rates before acting.