链上美股盘口 · 美股开盘前的领先盘口
美股一收盘，链上的永续合约和代币化股票还在 24/7 交易——它们的价格，其实是市场对下一次开盘的实时投票。这里把 53 只美股的链上行情摊开：永续合约相对真股的溢价、每小时资金费率、和现货价的跨场价差、盘口点差、持仓量，外加 SpaceX、OpenAI、Anthropic 这些没上市公司的链上隐含估值。数据直连 Hyperliquid 与 Jupiter，每 5 分钟刷新。
美股休市距下次开盘 6 小时 15 分 · 美股没开，但链上还在定价——这段时间的价差最值得看
🔺 永续溢价最高
+0.35%
Quantinuum（QNT）链上买盘把价格顶到真股之上
🔻 折价最深
-1.21%
SpaceX(trade.xyz)（SPCX）链上比真股更便宜
💸 资金费最贵(年化)
+151%
Quantinuum · 做多每小时倒贴空头
⚖️ 跨场价差最大
-1.55%
Circle · 永续与现货定价分歧，潜在套利
Anthropic
市场隐含估值$1.46T
永续溢价+15.74%
资金费(年化)+57.8%
SpaceX
市场隐含估值$1.86T
永续溢价+10.26%
资金费(年化)+33.8%
OpenAI
市场隐含估值$1.16T
永续溢价+15.41%
资金费(年化)+54.1%
这张表怎么读：「永续溢价」是合约价相对真实股价的偏离（正=链上买盘顶高、负=折价）；「跨场价差」是永续溢价减现货溢价，揭示链上两个市场对同一只股票的定价分歧，差得越大套利空间越大；「资金费(年化)」标「多付」表示做多的人持续向做空方付钱，是持有永续的隐性成本；「点差」按盘口冲击成本估算，越宽说明流动性越差、买卖越吃亏。点标的名进详情页看 7 天溢价/资金费曲线。现在美股没开，链上价格就是对下次开盘的预判，这时候的偏离最有看头。
快速看：
| 标的 |
真实股价 |
永续价 |
永续溢价 |
现货溢价 |
跨场价差 |
资金费(年化) |
走势·7d溢价 |
盘口点差 |
24h涨跌 |
24h成交额 |
未平仓OI |
| SP500指数标普500 |
$7,435.5 |
$7,431.9 |
-0.048% |
— |
— |
-10.9% 空付 |
|
0.001% |
+0.45% |
$818.3M |
$651.1M |
| XYZ100指数纳斯达克100 |
$29,636 |
$29,648 |
+0.044% |
— |
— |
+5.9% 多付 |
|
0.007% |
+1.81% |
$588.7M |
$418.5M |
| MUMicron |
$995.53 |
$996.31 |
+0.097% |
— |
— |
+19.6% 多付 |
|
0.035% |
+11.92% |
$244.5M |
$150.5M |
| SPCXSpaceX(trade.xyz) |
$158.62 |
$157.39 |
-1.210% |
— |
— |
-2.4% 空付 |
|
0.147% |
-6.31% |
$101.5M |
$102.3M |
| MRVLMarvell |
$299.43 |
$299.65 |
+0.073% |
— |
— |
+20.2% 多付 |
|
0.075% |
+7.59% |
$98.2M |
$89.4M |
| SNDKSanDisk |
$1,696.6 |
$1,697.5 |
+0.065% |
— |
— |
+5.5% 多付 |
|
0.030% |
+8.86% |
$94.8M |
$32.1M |
| INTCIntel |
$113.04 |
$113.08 |
+0.035% |
— |
— |
+25.5% 多付 |
|
0.045% |
+14.69% |
$75.0M |
$40.1M |
| NVDANVIDIA |
$210.24 |
$210.38 |
+0.074% |
+1.12% |
-1.05% |
+15.7% 多付 |
|
0.026% |
+1.56% |
$50.8M |
$169.9M |
| AAPLApple |
$301.64 |
$301.52 |
-0.053% |
+0.12% |
-0.17% |
-6.6% 空付 |
|
0.033% |
-2.42% |
$21.2M |
$28.8M |
| AMDAMD |
$498.64 |
$498.92 |
+0.055% |
— |
— |
+29.2% 多付 |
|
0.026% |
+5.57% |
$21.2M |
$16.7M |
| TSLATesla |
$411.46 |
$411.44 |
-0.019% |
+0.48% |
-0.50% |
-2.9% 空付 |
|
0.049% |
+4.82% |
$19.4M |
$26.5M |
| CBRSCoreCard |
$243.08 |
$243.02 |
-0.042% |
— |
— |
+5.5% 多付 |
|
0.088% |
+20.09% |
$19.4M |
$40.5M |
| MSTRMicroStrategy |
$127.83 |
$127.81 |
-0.022% |
+1.13% |
-1.15% |
+5.5% 多付 |
|
0.082% |
+3.76% |
$17.1M |
$20.6M |
| CRCLCircle |
$83.69 |
$83.747 |
+0.047% |
+1.60% |
-1.55% |
+30.3% 多付 |
|
0.047% |
+1.85% |
$14.9M |
$31.9M |
| ORCLOracle |
$213.8 |
$213.95 |
+0.096% |
— |
— |
+25.7% 多付 |
|
0.060% |
-0.49% |
$13.0M |
$16.0M |
| GOOGLAlphabet |
$364.75 |
$364.94 |
+0.055% |
+0.48% |
-0.43% |
+12.4% 多付 |
|
0.068% |
+0.02% |
$12.8M |
$62.1M |
| LLYEli Lilly |
$1,157.7 |
$1,159.4 |
+0.124% |
— |
— |
+61.3% 多付 |
|
0.195% |
-2.80% |
$10.6M |
$8.8M |
| BBBlackBerry |
$9.42 |
$9.43 |
+0.137% |
— |
— |
+40.4% 多付 |
|
0.227% |
+1.28% |
$7.9M |
$24.1M |
| HOODRobinhood |
$85.7 |
$85.759 |
+0.078% |
+0.75% |
-0.67% |
+27.3% 多付 |
|
0.089% |
+3.90% |
$7.8M |
$11.9M |
| AMZNAmazon |
$245.9 |
$246.01 |
+0.073% |
-0.04% |
+0.11% |
+18.1% 多付 |
|
0.072% |
-0.35% |
$6.7M |
$17.5M |
| COINCoinbase |
$163.32 |
$163.34 |
+0.028% |
+0.58% |
-0.55% |
+5.5% 多付 |
|
0.043% |
+4.59% |
$6.6M |
$4.5M |
| PURRDATPURRDAT |
$8.8 |
$8.77 |
-0.081% |
— |
— |
-118.9% 空付 |
|
1.165% |
-2.39% |
$6.6M |
$5.6M |
| CRWVCoreWeave |
$104.81 |
$104.93 |
+0.157% |
— |
— |
+32.5% 多付 |
— |
0.086% |
+5.45% |
$6.1M |
$5.8M |
| MSFTMicrosoft |
$411.47 |
$411.75 |
+0.084% |
-0.23% |
+0.31% |
+18.0% 多付 |
— |
0.031% |
-0.82% |
$6.1M |
$36.4M |
| LITELumentum |
$911.01 |
$912.17 |
+0.140% |
— |
— |
+50.2% 多付 |
— |
0.084% |
+6.60% |
$6.0M |
$8.8M |
| ARMArm |
$357.82 |
$357.88 |
+0.026% |
— |
— |
+13.0% 多付 |
— |
0.204% |
+6.52% |
$5.4M |
$3.2M |
| TSMTSMC |
$432.29 |
$432.42 |
+0.065% |
— |
— |
+25.6% 多付 |
— |
0.097% |
+2.51% |
$4.8M |
$9.8M |
| QNTQuantinuum |
$60.23 |
$60.4 |
+0.350% |
— |
— |
+150.5% 多付 |
— |
0.277% |
+10.02% |
$4.6M |
$2.6M |
| RKLBRocket Lab |
$116.49 |
$116.61 |
+0.084% |
— |
— |
+32.0% 多付 |
— |
0.190% |
+6.90% |
$4.3M |
$4.5M |
| PLTRPalantir |
$136.64 |
$136.71 |
+0.062% |
-0.21% |
+0.27% |
+5.5% 多付 |
— |
0.067% |
+1.21% |
$4.0M |
$12.4M |
| METAMeta |
$587.97 |
$588.26 |
+0.060% |
-0.18% |
+0.24% |
+22.4% 多付 |
— |
0.078% |
-0.91% |
$3.7M |
$16.4M |
| GMEGameStop |
$22.235 |
$22.235 |
+0.110% |
— |
— |
+20.4% 多付 |
— |
0.319% |
+1.71% |
$2.4M |
$2.8M |
| BABAAlibaba |
$120.48 |
$120.53 |
+0.033% |
— |
— |
+5.5% 多付 |
— |
0.133% |
-0.62% |
$1.9M |
$4.0M |
| HIMSHims |
$27.355 |
$27.381 |
+0.102% |
— |
— |
+25.5% 多付 |
— |
0.263% |
+4.86% |
$1.7M |
$3.0M |
| DELLDell |
$401.77 |
$402.13 |
+0.115% |
— |
— |
+73.7% 多付 |
— |
0.154% |
+3.11% |
$1.3M |
$1.2M |
| AVGOBroadcom |
$401.11 |
$401.11 |
+0.059% |
— |
— |
+12.7% 多付 |
— |
0.142% |
+3.69% |
$1.2M |
$3.3M |
| XLEEnergy Select Sector SPDR Fund |
$57.91 |
$57.848 |
-0.070% |
— |
— |
-17.8% 空付 |
— |
0.291% |
-1.85% |
$1.2M |
$1.4M |
| USARUSA Rare Earth |
$22.66 |
$22.674 |
+0.026% |
— |
— |
+5.5% 多付 |
— |
0.214% |
+0.37% |
$1.0M |
$1.5M |
| IBMIBM |
$280.93 |
$281.04 |
+0.133% |
— |
— |
+80.1% 多付 |
— |
0.201% |
+0.25% |
$884K |
$1.7M |
| ASMLASML |
$1,767.9 |
$1,772.1 |
+0.442% |
— |
— |
+59.9% 多付 |
— |
0.201% |
+6.18% |
$639K |
$780K |
| RIVNRivian |
$16.97 |
$16.977 |
+0.065% |
— |
— |
+27.0% 多付 |
— |
0.320% |
+3.51% |
$632K |
$552K |
| DKNGDraftKings |
$24.79 |
$24.79 |
-0.099% |
— |
— |
-37.5% 空付 |
— |
1.182% |
-0.08% |
$548K |
$58K |
| NFLXNetflix |
$82.59 |
$82.622 |
+0.038% |
— |
— |
+9.0% 多付 |
— |
0.140% |
+0.75% |
$415K |
$2.8M |
| ZMZoom |
$101.47 |
$101.39 |
-0.104% |
— |
— |
-52.1% 空付 |
— |
0.702% |
-0.06% |
$319K |
$410K |
| NOWServiceNow |
$113.81 |
$113.97 |
+0.271% |
— |
— |
+36.6% 多付 |
— |
0.509% |
+1.03% |
$253K |
$571K |
| URNMURNM |
$55.75 |
$55.8 |
+0.157% |
— |
— |
+69.2% 多付 |
— |
0.848% |
+0.36% |
$215K |
$1.2M |
| EBAYeBay |
$108.97 |
$109.01 |
+0.748% |
— |
— |
+179.7% 多付 |
— |
1.425% |
-0.78% |
$185K |
$80K |
| BIRDBIRD |
$4.029 |
$4.045 |
+0.418% |
— |
— |
+226.4% 多付 |
— |
1.700% |
+4.38% |
$164K |
$219K |
| BXBlackstone |
$114.73 |
$114.73 |
+0.158% |
— |
— |
+26.8% 多付 |
— |
0.409% |
-0.54% |
$161K |
$58K |
| COSTCostco |
$970.28 |
$971.57 |
+0.110% |
— |
— |
+32.5% 多付 |
— |
0.246% |
-0.04% |
$99K |
$356K |
| MINIMAXMINIMAX |
$100 |
$100 |
0.000% |
— |
— |
0.0% |
— |
— |
0.00% |
$0 |
$0 |
| NBISNebius |
$225.73 |
$225.73 |
0.000% |
— |
— |
0.0% |
— |
— |
-0.06% |
$0 |
$0 |
| WDCWestern Digital |
$540.79 |
$540.79 |
0.000% |
— |
— |
0.0% |
— |
— |
+0.02% |
$0 |
$0 |
链上美股盘口