链上美股盘口
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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。

盘前交易距下次开盘 3 小时 48 分 · 美股没开，但链上还在定价——这段时间的价差最值得看
覆盖美股
73
永续 24h 成交额
$2.70B
未平仓 OI
$2.39B
全市场加权溢价
-0.03%
平均资金费(年化)
+12.0%
更新于
2 分钟前
🔺 永续溢价最高
+0.10%
Robinhood（HOOD）链上买盘把价格顶到真股之上
🔻 折价最深
-0.18%
Dell（DELL）链上比真股更便宜
💸 资金费最贵(年化)
-66%
Dell · 做空每小时倒贴多头
⚖️ 跨场价差最大
+1.47%
Palantir · 永续与现货定价分歧，潜在套利
Pre-IPO 私司 · 市场隐含估值看全部与风险提示 →
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
SNDKSanDisk $1,294.8 $1,295 +0.006% — — +5.5% 多付 0.013% +5.35% $501.4M $142.0M
SPCXSpaceX(trade.xyz) $117.33 $117.22 -0.098% — — -30.2% 空付 0.009% +7.20% $437.3M $208.4M
SP500指数标普500 $7,721.4 $7,718.6 -0.040% — — -5.9% 空付 0.008% -0.17% $358.0M $465.6M
XYZ100指数纳斯达克100 $29,516 $29,527 +0.037% — — +5.5% 多付 0.007% +0.54% $336.3M $210.0M
MUMicron $898.38 $898.38 -0.004% — — +5.5% 多付 0.017% +4.25% $333.4M $202.5M
SKHYSKHY $143.37 $143.2 -0.193% — — -35.5% 空付 0.019% +1.17% $142.7M $115.4M
INTCIntel $101.24 $101.28 +0.016% — — +12.6% 多付 0.051% +1.72% $106.3M $59.9M
NVDANVIDIA $219.87 $220 +0.065% +0.04% +0.02% +7.5% 多付 0.019% +0.43% $63.6M $164.7M
GOOGLAlphabet $357.92 $358.19 +0.080% +0.09% -0.01% +21.9% 多付 0.020% -1.78% $45.7M $121.4M
METAMeta $586.65 $586.87 +0.051% — — +5.5% 多付 0.024% -0.82% $29.3M $45.7M
CRCLCircle $64.169 $64.169 +0.002% +0.47% -0.47% +14.9% 多付 0.051% +3.52% $28.1M $46.9M
MSFTMicrosoft $497.7 $497.57 -0.026% -0.22% +0.19% +5.1% 多付 0.022% +2.64% $27.9M $54.5M
AAPLApple $311.6 $311.57 -0.004% +0.21% -0.21% +5.5% 多付 0.035% -0.86% $23.8M $36.6M
AMDAMD $494.52 $494.47 -0.004% — — +5.5% 多付 0.017% +3.86% $23.5M $14.0M
MRVLMarvell $218.22 $218.24 +0.010% — — +13.3% 多付 0.010% +4.71% $22.3M $30.4M
NBISNebius $198.44 $198.44 -0.035% — — +5.5% 多付 0.040% -6.21% $18.8M $29.7M
CXMTCXMT $7.35 $7.352 +0.181% — — -83.4% 空付 — 0.184% +0.19% $17.2M $66.7M
TSLATesla $321.9 $321.99 +0.027% +0.04% -0.01% +5.5% 多付 0.027% +0.10% $16.5M $37.1M
ORCLOracle $144.63 $144.57 -0.055% — — +3.9% 多付 0.050% +3.35% $14.5M $48.8M
MINIMAXMINIMAX $41.811 $41.927 +0.295% — — +5.5% 多付 — 0.502% +12.57% $13.4M $11.2M
CBRSCoreCard $214.67 $214.71 -0.010% — — +18.4% 多付 0.079% +0.83% $11.6M $47.6M
UNITREEUNITREE $89.672 $88.726 -1.046% — — -2.9% 空付 — 0.616% +22.58% $11.6M $6.6M
AMZNAmazon $272.12 $272.09 -0.014% +0.21% -0.22% +5.5% 多付 — 0.024% -0.55% $10.6M $27.2M
ZHIPUZHIPU $157.81 $157.42 -0.208% — — -71.4% 空付 — 0.527% +14.59% $9.3M $5.0M
LITELumentum $877.95 $877.41 -0.161% — — -14.7% 空付 — 0.054% +5.36% $8.4M $5.4M
WDCWestern Digital $461.55 $461.55 -0.053% — — +11.7% 多付 — 0.141% +3.86% $8.4M $2.3M
COINCoinbase $147.48 $147.58 +0.066% +0.03% +0.04% +5.5% 多付 — 0.047% -1.85% $7.4M $12.8M
MSTRMicroStrategy $98.57 $98.57 -0.016% +0.65% -0.67% +5.5% 多付 — 0.005% +0.32% $7.2M $21.7M
PLTRPalantir $157.57 $157.6 +0.050% -1.42% +1.47% +5.5% 多付 — 0.046% +0.63% $6.6M $8.6M
DELLDell $448.41 $447.89 -0.176% — — -65.6% 空付 — 0.089% -2.37% $5.0M $3.7M
BEBE $238.65 $238.93 +0.113% — — +49.2% 多付 — 0.152% +3.97% $4.9M $3.0M
CRWVCoreWeave $87.29 $87.29 -0.015% — — +5.5% 多付 — 0.063% -0.54% $3.9M $4.7M
HOODRobinhood $91.79 $91.871 +0.102% +0.16% -0.06% +5.5% 多付 — 0.035% -0.83% $3.7M $15.5M
RKLBRocket Lab $78.185 $78.205 -0.010% — — +9.7% 多付 — 0.092% +4.92% $3.6M $4.8M
TSMTSMC $421.67 $421.71 +0.018% — — +22.5% 多付 — 0.040% +2.13% $3.3M $15.2M
ARMArm $290.98 $291.2 +0.056% — — +5.5% 多付 — 0.107% +7.62% $3.0M $3.9M
PURRDATPURRDAT $6.78 $6.791 +0.158% — — +48.8% 多付 — 0.774% +1.03% $2.0M $5.8M
BBBlackBerry $8.88 $8.873 -0.048% — — -16.6% 空付 — 0.193% +2.25% $2.0M $11.6M
SHAZSHAZ $54.968 $55.019 +0.175% — — +24.7% 多付 — 0.799% -3.33% $1.9M $3.6M
STRCSTRC $94.46 $94.304 -0.174% — — -88.4% 空付 — 0.017% +0.14% $1.9M $14.0M
BABAAlibaba $126.28 $126.33 +0.048% — — +7.3% 多付 — 0.089% -0.51% $1.7M $9.1M
NFLXNetflix $73.478 $73.478 -0.003% — — +5.5% 多付 — 0.105% -1.26% $1.4M $4.2M
IBMIBM $233.51 $233.54 +0.029% — — +7.6% 多付 — 0.137% -0.76% $1.4M $2.4M
KORUKORU $17.33 $17.34 -0.010% — — +5.6% 多付 — 0.144% +5.98% $1.3M $176K
HIMSHims $30.19 $30.19 +0.033% — — +28.3% 多付 — 0.261% -4.26% $1.3M $3.4M
NOWServiceNow $121.1 $121.23 +0.107% — — +48.7% 多付 — 0.129% +6.13% $1.3M $1.7M
LLYEli Lilly $1,190 $1,190 +0.027% — — +26.2% 多付 — 0.078% +0.88% $1.2M $4.5M
LYTELYTE $26.03 $26.162 +1.600% — — +615.8% 多付 — 3.311% -6.56% $1.2M $965K
ASMLASML $1,735.9 $1,735.1 -0.029% — — -3.8% 空付 — 0.101% +2.06% $1.0M $1.4M
XLEEnergy Select Sector SPDR Fund $58.11 $58.186 +0.244% — — +55.5% 多付 — 0.190% +0.75% $995K $2.1M
USARUSA Rare Earth $18.02 $18.019 +0.087% — — +20.7% 多付 — 0.288% +4.81% $977K $1.5M
SMHVanEck Semiconductor ETF $578.55 $578.32 -0.047% — — +1.8% 多付 — 0.147% +2.07% $962K $1.6M
AVGOBroadcom $422.82 $423.01 +0.046% +0.89% -0.84% +9.4% 多付 — 0.086% +1.22% $859K $2.9M
DKNGDraftKings $21.639 $21.631 -0.241% — — +42.2% 多付 — 0.425% -1.07% $750K $572K
BOTBOT $28.042 $28.044 -0.053% — — +126.6% 多付 — 0.933% +2.38% $613K $3.8M
AMATAMAT $535.25 $535.25 -0.094% — — +5.5% 多付 — 0.167% +0.48% $576K $724K
NOKNOK $9.51 $9.522 +0.073% — — +39.0% 多付 — 0.245% -0.64% $563K $1.1M
QNTQuantinuum $59.264 $59.11 -0.946% — — +34.2% 多付 — 0.488% +3.85% $488K $1.5M
GIGADEVGIGADEV $61.295 $60.731 -0.523% — — -275.7% 空付 — 2.019% +6.32% $399K $2.3M
QCOMQCOM $161.68 $161.68 +0.067% — — +5.5% 多付 — 0.143% +3.12% $383K $3.6M
SOXLSOXL $137.51 $137.55 +0.004% — — +10.9% 多付 — 0.197% +1.89% $357K $130K
NCLDNCLD $22.964 $23.36 +2.262% — — +908.4% 多付 — 3.444% -0.39% $271K $16K
GMEGameStop $19.21 $19.21 -0.024% — — +0.8% 多付 — 0.236% +0.90% $185K $1.3M
URNMURNM $53.268 $53.326 +0.352% — — +189.9% 多付 — 0.681% +1.25% $184K $1.2M
BIRDBIRD $2.427 $2.356 -2.826% — — -1268.0% 空付 — 3.429% +0.69% $178K $106K
EBAYeBay $110.32 $110.33 +0.080% — — +8.9% 多付 — 0.324% -1.52% $175K $320K
ZMZoom $101.81 $101.93 -0.012% — — +5.5% 多付 — 0.431% +2.15% $163K $376K
BXBlackstone $133.49 $133.77 +0.199% — — +81.2% 多付 — 0.110% -1.88% $147K $580K
RIVNRivian $15.515 $15.515 +0.061% — — -38.6% 空付 — 0.497% -0.35% $116K $685K
COSTCostco $947.43 $947.43 -0.039% — — -1.4% 空付 — 0.223% -0.35% $76K $276K
GEVGEV $1,010 $1,014 +0.475% — — +210.7% 多付 — 1.133% -0.48% $20K $26K
IBIDENIBIDEN $122.1 $122.1 0.000% — — 0.0% — — +0.01% $0 $0
KSTRKSTR $25.12 $25.12 0.000% — — 0.0% — — 0.00% $0 $0