> ## 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.

# Specifications

Current Print limits and parameters (testnet):

| Parameter                 | Value                                                   |
| ------------------------- | ------------------------------------------------------- |
| Markets                   | BTC                                                     |
| Cycle length              | 24 hours                                                |
| Leverage                  | 1× to 20×                                               |
| Target distance from mark | 0.5% (tightest) to 5% (widest)                          |
| Minimum deposit           | \$10                                                    |
| Maximum order size        | \$400,000 notional (global cap)                         |
| Fill price                | Your exact target price                                 |
| Settlement                | Evaluated once per 24-hour checkpoint                   |
| Yield crediting           | At the start of each cycle; added to your locked margin |
| Trading fee on yield      | None                                                    |

A few notes:

* **Distance is measured from the mark price** at the moment you place — 0.5% is the closest you can set your target, 5% the furthest.
* **The \$400,000 cap is on notional** (`deposit × leverage`), not deposit. At 20× leverage that cap is reached with a \$20,000 deposit.
* **Once filled, a Print position follows standard perp rules** — normal margin, mark-price liquidation, and fees apply to the position from that point on.
* These values are testnet settings and may change.