Price one Velocity hour

In what order does Velocity reshape the gap between the market and oracle averages?

• Dead zone, then ramp slope, then add the floor, then divide by 24
• Divide by 24, then add the floor, then apply the dead zone
• Add the floor, then apply the dead zone and the ramp

A Velocity position has accrued funding but you haven't touched it all day. Where is that funding?

• Already paid into your balance each hour
• Shown as unrealised P&L, settling at your next action in that market
• Lost, because you missed the hourly timestamp