> ## 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.

# The Print Cycle

Print orders run in fixed blocks. You pick the block length when you place the order — **24 hours** on any market, or **7 days** and **30 days** on BTC — and it stays the same for the life of the order.

At the end of every block, exactly one of two things happens\*:

* **Fill** — if the mark price has reached or passed your target, your order fills at the **target price** and you now hold a normal leveraged position.
* **Roll over** — if it hasn't, the order automatically renews for another block of the same length at a **new target the same % distance from the new market price**, and keeps earning.

You earn the **full payout for the block no matter which outcome occurs.**

A limit order fills the instant the market touches it; a Print order is only evaluated at these checkpoints. A move to your target that reverses before the checkpoint does **not** fill your order — and the longer the block you choose, the more of those round trips it can sit through.

### Choosing a cycle length

The cycle length changes three things at once:

* **How often you're checked.** A 24-hour order gets a fill-or-roll decision every day; a 30-day order gets one a month.
* **How big each payout is.** Each payout covers the whole block, so a 30-day block pays far more than a 24-hour one — it's a single payment for a month of waiting, not a daily drip.
* **How far out you can aim.** Longer blocks allow targets further from the market: up to 10% at 24 hours, 20% at 7 days, and 40% at 30 days. See [Specifications](/print/specifications).

A longer cycle also means your funds stay locked longer. Cancelling still only takes effect at the next checkpoint, so a 30-day order cancelled on day two resolves at the end of that 30-day block, not immediately.

### Roll-over Example

You open a 24-hour Print Long when BTC is at 70,000 with a target of 69,000 (about 1.43% below). After 24 hours BTC is at 70,500 and your order hasn't filled, so it rolls over. The new target is set to the same \~1.43% distance from 70,500 — roughly **69,500**. The yield you earned stays in the account and carries into the next block.

A 7-day or 30-day order behaves identically; the checkpoint just arrives a week or a month later.\
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*\*If the order is not liquidated or cancelled.*