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 73 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。
周末休市距下次开盘 41 小时 58 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
+0.42%
Marvell（MRVL）链上买盘把价格顶到真股之上
🔻 折价最深
-0.07%
Tesla（TSLA）链上比真股更便宜
💸 资金费最贵(年化)
+172%
Marvell · 做多每小时倒贴空头
⚖️ 跨场价差最大
-1.65%
MicroStrategy · 永续与现货定价分歧，潜在套利
SpaceX
市场隐含估值$2.42T
永续溢价-12.72%
资金费(年化)0.0%
OpenAI
市场隐含估值$1.34T
永续溢价-0.42%
资金费(年化)0.0%
Anthropic
市场隐含估值$1.62T
永续溢价+0.02%
资金费(年化)0.0%
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 |
| SPCXSpaceX(trade.xyz) |
$136.92 |
$137.2 |
+0.202% |
— |
— |
+77.2% 多付 |
|
0.010% |
+4.68% |
$211.1M |
$265.5M |
| SP500指数标普500 |
$7,752.8 |
$7,750.9 |
-0.024% |
— |
— |
+5.5% 多付 |
|
0.001% |
+0.00% |
$65.5M |
$466.1M |
| XYZ100指数纳斯达克100 |
$29,725 |
$29,725 |
-0.019% |
— |
— |
+5.5% 多付 |
|
0.010% |
+0.07% |
$59.1M |
$187.1M |
| MUMicron |
$882.19 |
$881.96 |
-0.035% |
— |
— |
+5.5% 多付 |
|
0.013% |
+0.73% |
$26.3M |
$193.4M |
| SNDKSanDisk |
$1,216.9 |
$1,216.9 |
-0.007% |
— |
— |
+2.6% 多付 |
|
0.018% |
-0.67% |
$26.2M |
$129.0M |
| PLTRPalantir |
$171.87 |
$171.89 |
-0.006% |
-0.58% |
+0.57% |
+5.5% 多付 |
|
0.052% |
+0.71% |
$18.3M |
$40.6M |
| SKHYSKHY |
$139.09 |
$139.05 |
-0.067% |
— |
— |
+5.5% 多付 |
|
0.009% |
+0.60% |
$11.7M |
$101.8M |
| NVDANVIDIA |
$224.19 |
$224.31 |
+0.053% |
+0.07% |
-0.02% |
+5.5% 多付 |
|
0.010% |
+0.60% |
$6.7M |
$167.2M |
| GOOGLAlphabet |
$355.92 |
$355.84 |
-0.018% |
+0.08% |
-0.10% |
+5.5% 多付 |
|
0.018% |
+0.10% |
$5.7M |
$125.8M |
| TSLATesla |
$330.87 |
$330.66 |
-0.071% |
+0.46% |
-0.53% |
-6.4% 空付 |
|
0.025% |
+0.73% |
$4.3M |
$36.9M |
| CRCLCircle |
$67.698 |
$67.707 |
+0.032% |
+1.06% |
-1.03% |
+5.5% 多付 |
|
0.031% |
+0.16% |
$4.0M |
$43.3M |
| INTCIntel |
$102.19 |
$102.21 |
+0.014% |
— |
— |
+7.5% 多付 |
|
0.025% |
+0.96% |
$3.9M |
$54.9M |
| CXMTCXMT |
$7.276 |
$7.277 |
+0.032% |
— |
— |
+5.5% 多付 |
|
0.175% |
+1.76% |
$3.8M |
$66.3M |
| AAPLApple |
$311.79 |
$311.68 |
-0.032% |
-0.76% |
+0.73% |
-13.2% 空付 |
|
0.006% |
-0.48% |
$3.7M |
$39.0M |
| NBISNebius |
$190.35 |
$190.93 |
+0.301% |
— |
— |
+14.3% 多付 |
|
0.063% |
+0.90% |
$3.7M |
$31.9M |
| MRVLMarvell |
$220.77 |
$221.72 |
+0.424% |
— |
— |
+171.7% 多付 |
|
0.033% |
+1.95% |
$3.4M |
$31.2M |
| MSFTMicrosoft |
$499.05 |
$499.05 |
+0.026% |
-0.61% |
+0.64% |
-1.5% 空付 |
|
0.029% |
-0.38% |
$3.0M |
$53.0M |
| METAMeta |
$593.68 |
$593.94 |
+0.053% |
— |
— |
+5.5% 多付 |
|
0.040% |
+0.21% |
$2.6M |
$46.1M |
| CBRSCoreCard |
$228.8 |
$229.24 |
+0.181% |
— |
— |
+44.6% 多付 |
|
0.067% |
+2.79% |
$2.3M |
$51.4M |
| MSTRMicroStrategy |
$101.73 |
$101.7 |
-0.039% |
+1.61% |
-1.65% |
-1.9% 空付 |
|
0.020% |
+2.40% |
$2.1M |
$22.2M |
| AMDAMD |
$482.83 |
$482.83 |
-0.000% |
— |
— |
+6.4% 多付 |
|
0.043% |
+0.40% |
$2.0M |
$12.6M |
| AMZNAmazon |
$274.83 |
$274.78 |
-0.011% |
-0.15% |
+0.14% |
-3.9% 空付 |
|
0.039% |
-0.02% |
$1.9M |
$27.9M |
| UNITREEUNITREE |
$85.528 |
$85.528 |
+0.133% |
— |
— |
+0.4% 多付 |
— |
0.604% |
+5.40% |
$1.8M |
$7.1M |
| COINCoinbase |
$154.22 |
$154.21 |
-0.005% |
-0.21% |
+0.21% |
-14.4% 空付 |
— |
0.046% |
+0.16% |
$1.7M |
$12.6M |
| SOXLSOXL |
$142.55 |
$142.77 |
+0.115% |
— |
— |
+101.7% 多付 |
— |
0.204% |
+2.78% |
$1.3M |
$1.4M |
| LITELumentum |
$898.51 |
$899.36 |
+0.121% |
— |
— |
+6.9% 多付 |
— |
0.081% |
+0.64% |
$1.3M |
$5.8M |
| XLEEnergy Select Sector SPDR Fund |
$57.116 |
$57.13 |
-0.035% |
— |
— |
-10.7% 空付 |
— |
0.512% |
-0.58% |
$1.2M |
$1.8M |
| BABAAlibaba |
$129.71 |
$129.67 |
-0.054% |
— |
— |
+0.8% 多付 |
— |
0.077% |
+0.92% |
$1.1M |
$9.9M |
| ORCLOracle |
$147.09 |
$147.09 |
+0.002% |
— |
— |
+5.5% 多付 |
— |
0.040% |
+1.02% |
$1.1M |
$33.2M |
| CRWVCoreWeave |
$91.662 |
$91.708 |
+0.074% |
— |
— |
+29.6% 多付 |
— |
0.129% |
+1.21% |
$1.1M |
$4.7M |
| HOODRobinhood |
$94.309 |
$94.381 |
+0.074% |
+0.62% |
-0.55% |
+13.7% 多付 |
— |
0.021% |
+0.88% |
$1.0M |
$16.6M |
| STRCSTRC |
$94.865 |
$94.873 |
+0.013% |
— |
— |
+5.5% 多付 |
— |
0.121% |
-0.48% |
$1.0M |
$11.7M |
| IBMIBM |
$237.21 |
$237.11 |
-0.085% |
— |
— |
-11.5% 空付 |
— |
0.134% |
+0.19% |
$934K |
$9.8M |
| NFLXNetflix |
$74.147 |
$74.121 |
-0.018% |
— |
— |
-5.4% 空付 |
— |
0.092% |
-0.30% |
$764K |
$4.8M |
| RKLBRocket Lab |
$83.655 |
$83.813 |
+0.189% |
— |
— |
+28.7% 多付 |
— |
0.169% |
+2.14% |
$678K |
$4.9M |
| BOTBOT |
$28.496 |
$28.589 |
+0.240% |
— |
— |
+54.5% 多付 |
— |
1.114% |
-4.04% |
$449K |
$3.7M |
| ASMLASML |
$1,740.6 |
$1,742 |
+0.063% |
— |
— |
+16.0% 多付 |
— |
0.174% |
+0.36% |
$415K |
$1.9M |
| MINIMAXMINIMAX |
$42.782 |
$42.739 |
-0.056% |
— |
— |
+1.2% 多付 |
— |
0.269% |
+0.43% |
$406K |
$11.5M |
| LLYEli Lilly |
$1,179.7 |
$1,179.9 |
+0.016% |
— |
— |
+5.6% 多付 |
— |
0.227% |
-0.45% |
$397K |
$3.1M |
| ZHIPUZHIPU |
$163.59 |
$163.73 |
+0.259% |
— |
— |
+92.1% 多付 |
— |
0.396% |
+1.24% |
$375K |
$5.1M |
| USARUSA Rare Earth |
$19.814 |
$19.878 |
+0.296% |
— |
— |
+112.3% 多付 |
— |
0.427% |
+1.31% |
$369K |
$1.4M |
| BEBE |
$221.65 |
$221.6 |
-0.034% |
— |
— |
-10.5% 空付 |
— |
0.200% |
+1.38% |
$360K |
$2.3M |
| PURRDATPURRDAT |
$6.812 |
$6.804 |
-0.235% |
— |
— |
+15.7% 多付 |
— |
0.846% |
+0.65% |
$343K |
$5.9M |
| ARMArm |
$283.17 |
$283.32 |
+0.059% |
— |
— |
+14.3% 多付 |
— |
0.117% |
+0.52% |
$338K |
$2.8M |
| TSMTSMC |
$421.41 |
$421.86 |
+0.099% |
— |
— |
+9.8% 多付 |
— |
0.067% |
+0.61% |
$333K |
$15.2M |
| AVGOBroadcom |
$427.24 |
$427.35 |
+0.054% |
-0.74% |
+0.79% |
+5.5% 多付 |
— |
0.111% |
+0.24% |
$302K |
$2.8M |
| LYTELYTE |
$27.831 |
$27.935 |
+0.146% |
— |
— |
-389.3% 空付 |
— |
2.985% |
+5.95% |
$298K |
$1.4M |
| NOWServiceNow |
$126.28 |
$126.4 |
+0.002% |
— |
— |
+5.5% 多付 |
— |
0.475% |
+1.66% |
$274K |
$1.8M |
| QNTQuantinuum |
$58.192 |
$58.304 |
+0.040% |
— |
— |
+28.9% 多付 |
— |
0.572% |
-1.75% |
$267K |
$1.3M |
| DELLDell |
$451.69 |
$451.89 |
+0.036% |
— |
— |
+12.0% 多付 |
— |
0.081% |
-0.09% |
$252K |
$3.3M |
| WDCWestern Digital |
$438.02 |
$438.26 |
+0.018% |
— |
— |
+5.5% 多付 |
— |
0.118% |
-0.09% |
$240K |
$2.4M |
| BBBlackBerry |
$9.145 |
$9.142 |
-0.118% |
— |
— |
-85.3% 空付 |
— |
0.371% |
+2.05% |
$224K |
$11.7M |
| DKNGDraftKings |
$24.543 |
$24.561 |
-0.184% |
— |
— |
-79.1% 空付 |
— |
1.103% |
+4.04% |
$223K |
$400K |
| AMATAMAT |
$539.77 |
$539.61 |
-0.068% |
— |
— |
-21.8% 空付 |
— |
0.370% |
+0.08% |
$149K |
$763K |
| KORUKORU |
$17.403 |
$17.464 |
+0.381% |
— |
— |
+222.8% 多付 |
— |
0.421% |
+1.46% |
$142K |
$173K |
| HIMSHims |
$31.573 |
$31.573 |
-0.025% |
— |
— |
+2.0% 多付 |
— |
0.254% |
+0.42% |
$137K |
$3.1M |
| QCOMQCOM |
$167.92 |
$167.98 |
+0.015% |
— |
— |
+5.5% 多付 |
— |
0.189% |
+0.56% |
$128K |
$3.7M |
| NOKNOK |
$9.436 |
$9.436 |
-0.090% |
— |
— |
-5.3% 空付 |
— |
0.486% |
+0.71% |
$120K |
$943K |
| SHAZSHAZ |
$49.637 |
$49.671 |
+0.395% |
— |
— |
+193.1% 多付 |
— |
0.991% |
+1.80% |
$115K |
$3.1M |
| GIGADEVGIGADEV |
$61.233 |
$61.563 |
+0.630% |
— |
— |
+167.3% 多付 |
— |
1.622% |
+2.63% |
$92K |
$2.3M |
| BIRDBIRD |
$2.531 |
$2.53 |
+0.086% |
— |
— |
-31.2% 空付 |
— |
1.951% |
+1.93% |
$91K |
$68K |
| BXBlackstone |
$136.04 |
$136.3 |
+0.214% |
— |
— |
+80.1% 多付 |
— |
0.263% |
-0.56% |
$71K |
$537K |
| SMHVanEck Semiconductor ETF |
$582.81 |
$583.62 |
+0.159% |
— |
— |
+68.0% 多付 |
— |
0.472% |
+0.44% |
$68K |
$1.6M |
| URNMURNM |
$55.269 |
$55.407 |
+0.325% |
— |
— |
+200.4% 多付 |
— |
0.963% |
+1.25% |
$65K |
$1.1M |
| RIVNRivian |
$16.029 |
$16.023 |
+0.122% |
— |
— |
+38.6% 多付 |
— |
0.428% |
+0.56% |
$57K |
$653K |
| GMEGameStop |
$19.19 |
$19.19 |
+0.115% |
— |
— |
+42.3% 多付 |
— |
0.360% |
+0.33% |
$47K |
$1.2M |
| EBAYeBay |
$111.73 |
$111.82 |
-0.028% |
— |
— |
+16.5% 多付 |
— |
0.507% |
-0.34% |
$46K |
$261K |
| ZMZoom |
$105.43 |
$105.44 |
-0.020% |
— |
— |
+7.5% 多付 |
— |
0.549% |
+1.05% |
$31K |
$335K |
| NCLDNCLD |
$22.889 |
$23.344 |
+1.891% |
— |
— |
+663.8% 多付 |
— |
4.993% |
+1.72% |
$24K |
$58K |
| COSTCostco |
$946.75 |
$946.75 |
-0.099% |
— |
— |
-41.8% 空付 |
— |
0.426% |
+0.03% |
$12K |
$287K |
| GEVGEV |
$991.95 |
$995.67 |
+0.433% |
— |
— |
+224.6% 多付 |
— |
1.003% |
-0.13% |
$3K |
$36K |
| IBIDENIBIDEN |
$125.2 |
$125.2 |
0.000% |
— |
— |
0.0% |
— |
— |
0.00% |
$0 |
$0 |
| KSTRKSTR |
$25.515 |
$25.515 |
0.000% |
— |
— |
0.0% |
— |
— |
0.00% |
$0 |
$0 |
链上美股盘口