Do you think im setting it up right?

That sounds good. Id suggest toys also though.Another thing if u see small blankets almost like bandanas or material they LOVE it,you can also get actual ferret blankets at the petstore. Another thing if u want to keep the smell down there's a bedding called yesterdays news its a cat type of litter thats used on ferrets and u have no smell it's amazing.Good luck!Hope u like ur fuzzy :)