# Limit & TWAP Orders

{% hint style="warning" %}
**Limit Order (Orbs) has been deprecated.** If you have any pending orders, please manage them [here](https://pancakeswap.finance/swap/limit-v1). Please ensure you are using the latest limit order feature here: <https://pancakeswap.finance/swap/limit>
{% endhint %}

{% hint style="success" %}
**Fee-Earning Limit Orders** are a **first-of-its-kind trading feature** available exclusively on PancakeSwap.
{% endhint %}

#### What is it?

Fee-Earning Limit Orders let you set a target price to buy or sell tokens automatically, while **earning fees**. Once the pool price reaches your target, your order executes and desired output tokens + fees are sent directly to your wallet.

* **Supported chain at launch:** BNB&#x20;
* **Minimum order size:** $50

#### Why use it?

* No need to constantly monitor charts.
* No execution fees — instead, you **earn fees (0.1%)** when your order is filled.
* Works seamlessly — fully on-chain, powered by PancakeSwap Infinity architecture.

***

TWAP (Time-weighted Average Price) is a common order type that breaks an order into smaller trade sizes and executes them at regular intervals. The main goal of a TWAP order is to reduce the order’s price impact.

{% hint style="info" %}
The TWAP feature is developed by [Orbs](https://www.orbs.com/) and powered by Orbs’ [L3 technology](https://www.orbs.com/overview/).
{% endhint %}