Competition Overview
The SEA VIP Trading Competition offers traders an exciting opportunity to showcase their skills in USDT perpetual swaps. This 40-day event runs from August 21 to September 30, 2024, with substantial rewards for top performers.
Key Competition Dates
- Registration Period: August 21 - September 30, 2024 (15:00 UTC both days)
- Trading Period: August 21 - September 30, 2024 (15:00 UTC both days)
👉 Discover how to maximize your trading potential
Participation Requirements
Qualification Criteria
To enter the competition leaderboard, participants must meet these requirements:
- Minimum Balance: Maintain at least 100 USDT in your main trading account at any point during the competition
- Trading Volume: Achieve 20,000 USDT in USDT perpetual contract trading volume
- Participation Threshold: At least 10 qualified participants must join for the competition to proceed
Eligible Trading Instruments
- Exclusively USDT perpetual swaps
- Trading volume calculation excludes platform rewards (rebate cards, vouchers, etc.)
Profit & Loss Calculation Methodology
Core Formulas
- P&L Percentage = (Total P&L) / (Initial Equity + Total Deposits) × 100%
- Total P&L = [Current unrealized P&L + Realized P&L - Initial unrealized P&L]
Key Definitions
- Initial Equity: Your USDT balance during the first 5 minutes after qualifying
Total Deposits: Sum of:
- USDT transfers from non-trading accounts
- USDT from spot trades
- USDT from contract vouchers
- Initial Unrealized P&L: Value of open positions when qualification begins
Reward Structure
Distribution Timeline
- Rewards distributed within 30 days post-competition
- Platform may extend timeline for risk control checks
👉 Learn expert trading strategies for competitions
Competition Strategies
- Volume Building: Focus on reaching the 20,000 USDT threshold early
- Risk Management: Maintain the 100 USDT minimum throughout
- Timing: Monitor your P&L Period carefully once qualified
Frequently Asked Questions
Q: Can I participate with multiple accounts?
A: No, only your main trading account qualifies for the competition.
Q: How often are leaderboards updated?
A: Rankings typically update in real-time, with final verification after the competition ends.
Q: What happens if I withdraw funds below 100 USDT?
A: You'll remain qualified but must maintain the balance to stay eligible for rewards.
Q: Are there any restricted trading strategies?
A: The platform prohibits abusive strategies like wash trading.
Q: How are ties in P&L percentage resolved?
A: Earlier qualifiers typically rank higher in tie-break situations.
Q: Can I see my progress during the competition?
A: Yes, most platforms provide real-time tracking of your qualification status.