FAQs

Does it cost anything? No. No entry fee, no deposit to SET. You need 100 USDC in your own exchange account to be ranked, and it stays yours.

Can I join after it starts? Yes, until 17 January. You are scored on the days you traded.

What can I use in the competition? Bots, scripts, your own models, whatever you like. You are assessed on how the account trades, not on what placed the order. Partners hire people who automate well.

I already have a Coinbase account. Do I need a new one? No. Add SET as your referrer and keep the account you have.

What about Lighter? Lighter fixes the referral code when the account is created, so that one has to be a new account.

I have been trading this account for years. Is that a problem? No. Prior trading is allowed and none of it counts. Scoring starts at 23 November, so your old trades are not in your volume, and a position you already hold is already priced into your starting balance. Closing it during the competition moves your score by zero.

Do I have to close my open positions before it starts? No. Carry them if you want. They are valued at the start like everything else, so you are scored on what happens to them from then on, not on the gain you already had.

I registered one venue. Can I add another later? Yes, register again with the same email address. It attaches to the same entry.

Why has my Sharpe not appeared? Either you have fewer than three days of returns, or your equity has not moved. Hover the dash on your row and it will say which.

Why am I in "Not yet qualified"? Usually it is the 100 USDC balance minimum or the 500 USDC volume minimum; fix whichever it names and you move up at the next update, within the hour. It can also be that you registered with a Coinbase account that was flagged as not having SET as its referrer. If that is the case, check your inbox, because we will have emailed you about it.

I deposited more money. Does that help my score? No. Deposits and withdrawals are removed from every figure. Only trading moves your score.

Can I change my display name or avatar? Not yet. There is no login, so choose carefully at registration

I lost my API key / it expired. Make a new one and register again with the same email address.

How do I leave? Revoke the key at your exchange. Email us if you also want your entry removed.

My Lighter token expires, does that matter? Yes. Set the expiry past 18 January 2027. If it lapses your balance stops updating and your score goes stale rather than wrong.

Is there a prize? The trading records go to market-maker partners who are looking for people to work with. There is no cash prize, and placing well is not an offer of anything. See above.

Who sees my data, and for how long? The partner market-maker firms see your trading records, with your display name attached. Your email address and your keys never leave SET. We stop reading your accounts a week after the end and delete what we hold within 30 days. The privacy notice at set.trade/privacy has the detail, and contact@set.trade is where you ask for deletion.