← The Ambassadors Cup

The rules

How the Ambassadors Cup works. The dates and times are on the competition page, in UTC.

Before the start

  • Switch to one-way position mode first.

    Hedge mode isn't allowed. Aster only lets you switch while you're flat with no open orders, so do it before anything else, in Aster's position-mode setting.

  • Put exactly $10 USDT in perps, not spot.

    The check wants $10.00 USDT, give or take half a cent, in the perp account. Exchange withdrawals and bridges can take a small fee — send a little more to your wallet, then deposit exactly 10.00 USDT to Aster.

  • A brand-new EVM wallet, with nothing else in your Aster account (gas in the wallet itself is fine).

    The checks read your Aster account: no trading history, no other assets (USDT left in spot doesn't count until you move it to perps; USDC fails the check), no open positions or orders. Everyone starts level. The address must be an EVM one (0x…). A trade before the start is trading history, and rules the wallet out.

  • One wallet per X account, and one X account per wallet.

    The first claim on an address wins. Anyone else uses a different new wallet.

  • Be set up 5 minutes before the start, then touch nothing until the start.

    The start judges the last read taken in the 5 minutes before it. Don't trade, move money or change settings in that window.

  • You can change or cancel your entry until the start (best done before the last 5 minutes).

    Swap wallets as often as you like, or cancel your entry from the entry page. From the start, entries and wallets are fixed.

During the round

  • Any USDT perpetual on Aster Dex, at any leverage.

    No leverage cap. No spot, and no other assets: holding anything other than USDT gets flagged.

  • One-way mode, the whole round.

    Any hedge-mode position, even one-sided, draws a warning first. Doing it again, or still being in hedge mode 12 hours after the warning, can get you disqualified.

  • Use cross margin.

    Your score is your wallet balance plus unrealised P&L. We're still checking that margin set aside in isolated mode counts in full, so cross margin is the safe choice.

  • Never turn privacy mode on.

    The board has to read your account. Turning privacy on gets you disqualified unless Asterverse, after looking into it, reinstates you.

  • No hidden orders.

    We can't see hidden orders in public data. Their effects still show in your balance.

  • No money in.

    Withdrawals are allowed, but money you withdraw no longer counts toward your score, and anything you put back counts as money in.

  • Dense trading may draw a question.

    When many trades land between two reads the numbers can be hard to untangle, and Asterverse may ask you about them.

How you're scored

  • Equity is the score.

    Your wallet balance plus unrealised P&L at the mark price, across every market. Fees and funding count. Every wallet is read every 2 minutes, all round.

  • Round 1 ends at the buzzer.

    Your score is the closing read, taken at the buzzer. If you go through, keep trading if you like — your wallet carries straight on into round 2.

  • If the closing read fails.

    If Aster can't be read at the buzzer, your last successful read stands (normally from the last couple of minutes; your starting $10 if you were never read), and Asterverse has to accept it before results are confirmed.

  • Ties share the place.

    Equal to the cent means the same place.

  • Results are provisional on the night.

    The board may reorder as the closing reads land. The audit runs about 2 hours 10 minutes after the buzzer; Asterverse confirms the results after it, usually the next day.

How the rules are checked

  • Nobody is disqualified automatically.

    The system asks questions; Asterverse decides every flag, and you'll be contacted before any disqualification. Nothing under review is ever shown on the public board.

  • Not everything can be seen from public data.

    Some breaches may go unnoticed, so not every rule can be enforced. Play it straight anyway.

Going through to round 2

  • The first 10 to reach $20 go through.

    $20 is double the $10 start. It counts the first time one of our 2-minute reads shows your equity at $20.00 or more, from the start to the buzzer. Through is through: dropping back later doesn't matter.

  • In the order they reach it.

    If two traders reach it on the same read, the higher equity goes first. A tie to the cent for the last place is decided by Asterverse.

  • Round 1 runs to the buzzer either way.

    If fewer than 10 reach $20, the remaining places go to the highest equity at the buzzer — but only to traders in profit who've met the trading rule below. Liquidated traders can't go through at all, even after reaching $20. So round 2 may have fewer than 10.

  • For the remaining places: trade, and hold a position for 42 hours.

    To take one of the remaining places, by the buzzer you need at least one trade in round 1 and an open position for at least 42 of its 168 hours — a quarter of the round. Any size counts, and the hours add up across the round. We count it from our 2-minute reads: each one that shows a position open counts 2 minutes. A read we couldn't make never counts against you. Reaching $20 doesn't need it.

  • Your wallet carries straight on.

    Round 2 uses the same wallet with nothing reset — keep trading after you're through and between the rounds; it all counts. Aster adds the 100 USDT prize to each wallet. It's yours to keep. Round 2 is for bragging rights, and the largest equity at its buzzer wins an Aster Suitcase. It ends live on X on Sun 8 Nov.

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