How Does Marking-to-Market Differ in the Crypto Futures Market?

In the crypto futures market, marking-to-market is often done in real-time or very frequently, not just daily. This is due to the 24/7 nature and high volatility of the crypto market.

Perpetual futures, a common crypto product, use a funding rate mechanism instead of traditional expiration and daily settlement to keep the price aligned with the spot price.