> ## Documentation Index
> Fetch the complete documentation index at: https://docs.pacifica.fi/llms.txt
> Use this file to discover all available pages before exploring further.

# Print

Print lets you earn yield while your orders wait to be filled. Instead of a limit order that sits idle until the market reaches it, a Print order pays you a daily payout for every day it waits — and still opens your position at the exact price you chose.

### How Print Works

You set a **target price** and a **direction**:

* **Print Long** — target price *below* the current market ("if BTC drops to X, I'll buy").
* **Print Short** — target price *above* the current market ("if BTC rises to X, I'll sell").

You lock a deposit as margin, pick your leverage, and the order goes live. From there you earn a payout every 24 hours while you wait. Your order isn't filled the moment the market touches your target — it's checked once at the end of each 24-hour block: if the market has reached your target by then, it fills at your target price; if not, it rolls into the next block and keeps earning.

<img src="https://mintcdn.com/pacifica-fi-docs-migrate-92/kheiedfGyimX38EQ/images/print-how-it-works.svg?fit=max&auto=format&n=kheiedfGyimX38EQ&q=85&s=3c54797b43349ebb02544925305d553d" alt="A Print order earns yield at every 24-hour checkpoint while it waits, then fills at your target price" width="720" height="300" data-path="images/print-how-it-works.svg" />

### Print vs. Limit Orders

Like a limit order, you pick a side, a target price, and a leverage. What's different is everything about *waiting* and *filling*:

|                               | Limit order                                         | Print order                                                          |
| ----------------------------- | --------------------------------------------------- | -------------------------------------------------------------------- |
| Earn while waiting            | No                                                  | Yes — a payout every 24 hours                                        |
| When it can fill              | The instant the market touches your price, any time | Only at the **end of each 24-hour block**                            |
| Fill price                    | Your limit price                                    | Your target price                                                    |
| If the price never reaches it | Rests unchanged until you cancel                    | Auto-rolls to a new target at the same % distance, and keeps earning |
| Capital while waiting         | Reserved, earns nothing                             | Locked as margin, and earns yield every cycle                        |
| Cancelling                    | Removed immediately                                 | Resolves at the end of the current 24-hour block                     |

The most important difference: a limit order fills the moment price touches it. **A Print order only checks at the end of each 24-hour block.** If the market dips to your target intraday and bounces back, a limit order would have filled — a Print order does not. It only fills if the market has reached or passed your target *at the 24-hour mark*.

### In This Section

* [Placing & Managing Orders](/print/placing-and-managing-orders) — the inputs you set, and how to cancel or withdraw.
* [The 24-Hour Cycle](/print/the-24-hour-cycle) — how fills and roll-overs work.
* [Yield](/print/yield) — how your payout is calculated and what drives it.
* [Margin & Liquidation](/print/margin-and-liquidation) — leverage, liquidation price, and your maximum loss.
* [Examples](/print/examples) — worked scenarios with real numbers.
* [Specifications](/print/specifications) — limits and parameters at a glance.
* [FAQ](/print/faq) — common questions.