What you can see on this page
Binance OTC vs FX Rate is designed around OTC arbitrage, OTC spread tracking, fiat reference rates, and spread history rather than raw prices alone.
The server keeps collecting fiat references, OTC quotes, and spread history even when the browser is closed, so crawlers and users can land on a page with meaningful context.
OTC arbitrage context
coinpay keeps OTC arbitrage, OTC spread, and fiat reference data together on one board.
A market can appear as healthy, empty, or unavailable depending on public offer supply, regional access, and upstream API conditions.
Why the benchmark and market status matter
A market can appear as healthy, empty, or unavailable depending on public offer supply, regional access, and upstream API conditions.
In practice, a quote only becomes interesting when it stays meaningfully away from the benchmark and remains visible long enough to matter. That is why coinpay keeps both live spread and history on the same page.
P2P market overview
Latest 30-minute snapshot: median of up to 10 public ads per side, compared with the USD reference rate. Open a market for live order books.
| Market | FX reference (1 USD) | Binance P2P | OKX P2P | 7-day premium trend |
|---|---|---|---|---|
| USDT/VESVenezuela | 874.63 | Buy USDT1,015+16.05% Sell USDT1,014.95+16.04% | Buy USDT1,015+16.05% Sell USDT1,008.01+15.25% | |
| USDT/ARSArgentina | 1,517.55 | Buy USDT1,601.9+5.56% Sell USDT1,597.11+5.24% | Buy USDT1,608.5+5.99% Sell USDT1,597.36+5.26% | |
| USDT/NGNNigeria | 1,331.4 | — | Buy USDT1,366.8+2.66% Sell USDT1,362.01+2.3% | |
| USDT/IDRIndonesia | 17,891 | Buy USDT17,797-0.53% Sell USDT17,761-0.73% | Buy USDT17,836-0.31% Sell USDT17,759-0.74% | |
| USDT/VNDVietnam | 25,872 | Buy USDT26,136+1.02% Sell USDT26,118+0.95% | Buy USDT26,137+1.02% Sell USDT26,118+0.95% | |
| USDT/HKDHong Kong SAR China | 7.85 | Buy USDT7.9+0.67% Sell USDT7.9+0.67% | Buy USDT— Sell USDT— | |
| USDT/MYRMalaysia · Binance RON mapping | 4.09 | Buy USDT4.13+0.94% Sell USDT4.26+4.25% | — | |
| USDT/USDUnited States | 1 | Buy USDT10% Sell USDT1.1+10% | Buy USDT1+0.3% Sell USDT1.28+27.75% |
FAQ
How is this different from a normal FX page?
A normal FX page only shows fiat rates. coinpay combines OTC quotes, spread percentage, fiat benchmarks, and history so OTC arbitrage traders can judge the board faster.
Does a positive OTC spread guarantee arbitrage?
No. A positive spread only means the public quote is above the benchmark. Execution still depends on payment rails, size, region, and trading constraints.
Why does a market sometimes show no public offers?
That usually means the server could not fetch visible public offers from the upstream market at that moment, often because of regional or platform-side restrictions.