> ## 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.

# Placing & Managing Orders

### Placing an Order

You choose:

* **Market** — BTC, ETH, SOL, HYPE, or ZEC. Each market has its own maximum leverage and its own limit on total open Print deposits (see [Specifications](/print/specifications)).
* **Cycle length** — **24 hours** on any market. BTC also offers **7 days** and **30 days**. This sets how often your order is checked for a fill and how much each payout covers.
* **Direction** — Long or Short.
* **Target price** — at least **0.5%** away from the current mark price, and at most **10%** on a 24-hour cycle, **20%** on 7 days, or **40%** on 30 days.
* **Leverage** — **1×** up to the market's maximum: **40×** on BTC, **25×** on ETH, **20×** on SOL and HYPE, **10×** on ZEC.
* **Deposit** — your locked margin, minimum **\$10**. This is drawn from your Pacifica trading balance.

Your order's notional is set by your deposit and leverage:

```
notional      = deposit × leverage
position size = notional / target price
```

There's no in-place edit once an order is live. To change your target, leverage, or cycle length, cancel the order and place a new one.

### Cancelling & Withdrawing

Cancelling a Print order sends an "end" request, but the order **stays active until the end of the current block.** At that checkpoint it resolves one last time: it either fills (if the market reached your target) or returns your deposit to you. Either way, you still earn that block's payout — cancelling never forfeits yield already in progress.

This is worth weighing before you pick a long cycle: a 30-day order cancelled on day two still resolves at that block's checkpoint, four weeks out.

When an order fills, closes, or is cancelled, your funds — the deposit plus earned yield, or the position it opened — return to your main Pacifica trading balance. Each Print order is its own margin bucket, separate from your other balances until it resolves.


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