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。
盘前交易距下次开盘 3 小时 34 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
+0.22%
Hims（HIMS）链上买盘把价格顶到真股之上
🔻 折价最深
-0.29%
SpaceX(trade.xyz)（SPCX）链上比真股更便宜
💸 资金费最贵(年化)
+96%
Hims · 做多每小时倒贴空头
⚖️ 跨场价差最大
-0.92%
Palantir · 永续与现货定价分歧，潜在套利
SpaceX
市场隐含估值$1.82T
永续溢价+8.03%
资金费(年化)+24.1%
Anthropic
市场隐含估值$1.47T
永续溢价+14.91%
资金费(年化)+48.0%
OpenAI
市场隐含估值$1.15T
永续溢价+12.44%
资金费(年化)+36.1%
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 |
$7,441.7 |
$7,438.5 |
-0.048% |
— |
— |
-8.1% 空付 |
|
0.002% |
+0.30% |
$733.3M |
$651.7M |
| XYZ100指数纳斯达克100 |
$29,651 |
$29,664 |
+0.039% |
— |
— |
+6.9% 多付 |
|
0.003% |
+1.52% |
$549.4M |
$401.0M |
| MUMicron |
$990.98 |
$991.94 |
+0.075% |
— |
— |
+27.7% 多付 |
|
0.001% |
+10.36% |
$233.9M |
$148.9M |
| SPCXSpaceX(trade.xyz) |
$155.5 |
$155.19 |
-0.288% |
— |
— |
-1.6% 空付 |
|
0.102% |
-5.53% |
$109.2M |
$100.0M |
| MRVLMarvell |
$303.41 |
$303.68 |
+0.059% |
— |
— |
+13.2% 多付 |
|
0.039% |
+7.93% |
$97.8M |
$91.7M |
| SNDKSanDisk |
$1,698.5 |
$1,698.2 |
-0.031% |
— |
— |
+5.5% 多付 |
|
0.044% |
+6.93% |
$91.2M |
$32.2M |
| INTCIntel |
$112.56 |
$112.65 |
+0.082% |
— |
— |
+22.8% 多付 |
|
0.058% |
+12.67% |
$75.0M |
$41.5M |
| NVDANVIDIA |
$210.22 |
$210.38 |
+0.076% |
-0.23% |
+0.31% |
+12.5% 多付 |
|
0.010% |
+0.81% |
$50.2M |
$169.9M |
| AAPLApple |
$301.25 |
$301.24 |
+0.010% |
+0.11% |
-0.10% |
-6.7% 空付 |
|
0.026% |
-2.17% |
$21.6M |
$28.7M |
| AMDAMD |
$498.75 |
$498.98 |
+0.046% |
— |
— |
+5.5% 多付 |
|
0.040% |
+4.85% |
$20.3M |
$16.7M |
| TSLATesla |
$411.1 |
$411.03 |
-0.017% |
-0.03% |
+0.01% |
-6.9% 空付 |
|
0.017% |
+3.79% |
$19.7M |
$26.7M |
| CBRSCoreCard |
$246.18 |
$245.69 |
-0.233% |
— |
— |
-38.3% 空付 |
|
0.071% |
+17.47% |
$19.6M |
$40.9M |
| MSTRMicroStrategy |
$125.18 |
$125.17 |
-0.029% |
0.00% |
-0.03% |
-1.8% 空付 |
|
0.038% |
+0.13% |
$16.5M |
$20.5M |
| CRCLCircle |
$82.951 |
$82.98 |
+0.051% |
-0.07% |
+0.12% |
+5.5% 多付 |
|
0.047% |
-0.53% |
$15.1M |
$31.0M |
| ORCLOracle |
$215.72 |
$215.9 |
+0.100% |
— |
— |
+16.0% 多付 |
|
0.038% |
+0.73% |
$12.7M |
$16.7M |
| GOOGLAlphabet |
$364.94 |
$365.08 |
+0.031% |
-0.32% |
+0.35% |
+5.6% 多付 |
|
0.019% |
+0.21% |
$12.2M |
$62.0M |
| LLYEli Lilly |
$1,161.1 |
$1,162 |
+0.094% |
— |
— |
+47.3% 多付 |
|
0.208% |
-1.37% |
$10.4M |
$8.9M |
| HOODRobinhood |
$85.664 |
$85.684 |
+0.027% |
-0.17% |
+0.20% |
+9.4% 多付 |
|
0.034% |
+2.62% |
$7.7M |
$11.8M |
| BBBlackBerry |
$9.45 |
$9.45 |
+0.063% |
— |
— |
+22.8% 多付 |
|
0.173% |
-0.01% |
$7.5M |
$24.4M |
| AMZNAmazon |
$246.47 |
$246.65 |
+0.077% |
+0.03% |
+0.05% |
+25.5% 多付 |
|
0.023% |
-0.32% |
$6.5M |
$17.6M |
| COINCoinbase |
$161.46 |
$161.43 |
-0.031% |
0.00% |
-0.03% |
+5.5% 多付 |
|
0.040% |
+2.38% |
$6.5M |
$4.4M |
| LITELumentum |
$917.5 |
$918.24 |
+0.095% |
— |
— |
+28.9% 多付 |
|
0.071% |
+4.96% |
$6.1M |
$9.1M |
| PURRDATPURRDAT |
$8.84 |
$8.828 |
-0.088% |
— |
— |
-180.4% 空付 |
— |
0.389% |
-0.50% |
$6.0M |
$5.6M |
| MSFTMicrosoft |
$410.78 |
$411.12 |
+0.079% |
-0.72% |
+0.80% |
+22.8% 多付 |
— |
0.008% |
-0.87% |
$6.0M |
$36.4M |
| CRWVCoreWeave |
$106.3 |
$106.42 |
-0.001% |
— |
— |
+15.5% 多付 |
— |
0.137% |
+5.51% |
$5.8M |
$6.1M |
| QNTQuantinuum |
$60.815 |
$60.809 |
+0.092% |
— |
— |
-64.9% 空付 |
— |
0.308% |
+10.14% |
$5.6M |
$2.6M |
| ARMArm |
$361.41 |
$361.42 |
+0.001% |
— |
— |
+11.8% 多付 |
— |
0.048% |
+5.55% |
$5.5M |
$3.3M |
| RKLBRocket Lab |
$118.64 |
$118.73 |
+0.091% |
— |
— |
+9.1% 多付 |
— |
0.112% |
+6.67% |
$4.6M |
$4.7M |
| PLTRPalantir |
$136 |
$136.11 |
+0.093% |
+1.01% |
-0.92% |
+29.8% 多付 |
— |
0.037% |
+0.71% |
$4.0M |
$12.4M |
| TSMTSMC |
$430.28 |
$430.51 |
+0.053% |
— |
— |
+5.5% 多付 |
— |
0.050% |
+1.39% |
$3.7M |
$9.9M |
| METAMeta |
$590.42 |
$590.82 |
+0.088% |
-0.09% |
+0.18% |
+5.5% 多付 |
— |
0.025% |
-0.68% |
$3.5M |
$16.5M |
| HIMSHims |
$27.425 |
$27.501 |
+0.223% |
— |
— |
+96.1% 多付 |
— |
0.196% |
+4.82% |
$2.3M |
$3.7M |
| BABAAlibaba |
$120.76 |
$120.77 |
+0.029% |
— |
— |
+5.5% 多付 |
— |
0.091% |
-0.76% |
$1.9M |
$4.0M |
| GMEGameStop |
$22.275 |
$22.275 |
+0.014% |
— |
— |
+10.2% 多付 |
— |
0.302% |
+2.38% |
$1.6M |
$2.8M |
| DELLDell |
$403.94 |
$404.16 |
+0.146% |
— |
— |
+28.6% 多付 |
— |
0.084% |
+2.21% |
$1.3M |
$1.2M |
| AVGOBroadcom |
$402.82 |
$402.91 |
+0.050% |
— |
— |
+17.3% 多付 |
— |
0.190% |
+2.63% |
$1.2M |
$3.5M |
| XLEEnergy Select Sector SPDR Fund |
$57.965 |
$57.961 |
+0.024% |
— |
— |
+5.5% 多付 |
— |
0.257% |
-1.21% |
$1.1M |
$1.4M |
| USARUSA Rare Earth |
$22.91 |
$22.91 |
-0.011% |
— |
— |
+5.5% 多付 |
— |
0.283% |
-1.24% |
$1.0M |
$1.5M |
| ASMLASML |
$1,771 |
$1,770.9 |
+0.045% |
— |
— |
+12.0% 多付 |
— |
0.250% |
+5.30% |
$998K |
$654K |
| IBMIBM |
$280.16 |
$280.16 |
+0.012% |
— |
— |
+14.8% 多付 |
— |
0.082% |
-0.40% |
$913K |
$1.6M |
| RIVNRivian |
$17.02 |
$16.994 |
-0.243% |
— |
— |
+5.5% 多付 |
— |
0.262% |
+3.39% |
$709K |
$507K |
| NFLXNetflix |
$82.465 |
$82.465 |
+0.016% |
— |
— |
+14.7% 多付 |
— |
0.091% |
+0.69% |
$626K |
$3.1M |
| DKNGDraftKings |
$24.76 |
$24.76 |
+0.269% |
— |
— |
-38.3% 空付 |
— |
0.984% |
-0.72% |
$547K |
$58K |
| NOWServiceNow |
$113.47 |
$113.58 |
+0.208% |
— |
— |
+60.3% 多付 |
— |
0.213% |
+1.46% |
$347K |
$662K |
| ZMZoom |
$101.64 |
$101.62 |
-0.030% |
— |
— |
-6.1% 空付 |
— |
0.304% |
-1.42% |
$248K |
$410K |
| URNMURNM |
$57.502 |
$57.477 |
-0.513% |
— |
— |
-122.1% 空付 |
— |
1.864% |
+1.75% |
$190K |
$1.2M |
| EBAYeBay |
$108.58 |
$109.01 |
+0.381% |
— |
— |
+163.5% 多付 |
— |
0.619% |
-1.49% |
$190K |
$86K |
| BXBlackstone |
$115.04 |
$115.18 |
+0.338% |
— |
— |
+100.1% 多付 |
— |
1.162% |
-0.28% |
$168K |
$83K |
| BIRDBIRD |
$4.113 |
$4.08 |
-0.858% |
— |
— |
-44.5% 空付 |
— |
2.624% |
+7.11% |
$159K |
$219K |
| COSTCostco |
$971.53 |
$971.53 |
-0.002% |
— |
— |
+41.1% 多付 |
— |
0.248% |
-0.16% |
$101K |
$357K |
| MINIMAXMINIMAX |
$100 |
$100 |
0.000% |
— |
— |
0.0% |
— |
— |
0.00% |
$0 |
$0 |
| NBISNebius |
$229.36 |
$229.36 |
0.000% |
— |
— |
0.0% |
— |
— |
+0.10% |
$0 |
$0 |
| WDCWestern Digital |
$542.89 |
$542.89 |
0.000% |
— |
— |
0.0% |
— |
— |
+0.17% |
$0 |
$0 |
链上美股盘口