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 21 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
🔺 永续溢价最高
+0.13%
Circle（CRCL）链上买盘把价格顶到真股之上
🔻 折价最深
-0.05%
Marvell（MRVL）链上比真股更便宜
💸 资金费最贵(年化)
+58%
Circle · 做多每小时倒贴空头
⚖️ 跨场价差最大
-1.49%
Circle · 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) |
$135.97 |
$135.99 |
+0.022% |
— |
— |
+24.4% 多付 |
|
0.022% |
+1.77% |
$154.1M |
$264.2M |
| SP500指数标普500 |
$7,761.3 |
$7,761.3 |
+0.009% |
— |
— |
+5.5% 多付 |
|
0.015% |
+0.11% |
$38.7M |
$473.4M |
| XYZ100指数纳斯达克100 |
$29,773 |
$29,770 |
-0.012% |
— |
— |
+5.5% 多付 |
|
0.003% |
+0.17% |
$24.1M |
$186.9M |
| MUMicron |
$880.58 |
$880.59 |
+0.007% |
— |
— |
+9.1% 多付 |
|
0.016% |
-0.40% |
$9.8M |
$191.4M |
| SNDKSanDisk |
$1,222.7 |
$1,223.4 |
+0.055% |
— |
— |
+33.8% 多付 |
|
0.011% |
+0.50% |
$9.1M |
$128.2M |
| GOOGLAlphabet |
$357.36 |
$357.55 |
+0.059% |
+0.32% |
-0.26% |
+5.5% 多付 |
|
0.021% |
+0.39% |
$6.0M |
$126.6M |
| SKHYSKHY |
$138.97 |
$138.96 |
-0.004% |
— |
— |
+5.5% 多付 |
|
0.030% |
-0.19% |
$6.0M |
$102.0M |
| TSLATesla |
$330.51 |
$330.61 |
+0.024% |
+0.52% |
-0.50% |
+5.5% 多付 |
|
0.026% |
-0.06% |
$4.2M |
$36.7M |
| CXMTCXMT |
$7.312 |
$7.32 |
+0.063% |
— |
— |
+6.5% 多付 |
|
0.258% |
+1.46% |
$4.2M |
$66.9M |
| NVDANVIDIA |
$224.85 |
$224.97 |
+0.051% |
+0.40% |
-0.35% |
+5.5% 多付 |
|
0.021% |
+0.37% |
$3.9M |
$167.3M |
| MRVLMarvell |
$221.81 |
$221.71 |
-0.053% |
— |
— |
+5.5% 多付 |
|
0.060% |
+0.97% |
$3.6M |
$32.1M |
| CRCLCircle |
$68.141 |
$68.198 |
+0.134% |
+1.62% |
-1.49% |
+58.1% 多付 |
|
0.047% |
+1.23% |
$2.9M |
$43.5M |
| NBISNebius |
$193.99 |
$194.14 |
+0.072% |
— |
— |
+15.2% 多付 |
|
0.136% |
+2.17% |
$2.6M |
$32.6M |
| AAPLApple |
$312.32 |
$312.31 |
-0.011% |
-0.83% |
+0.82% |
+5.5% 多付 |
|
0.044% |
+0.12% |
$2.2M |
$39.0M |
| METAMeta |
$595.59 |
$595.38 |
-0.023% |
+0.35% |
-0.37% |
-0.2% 空付 |
|
0.044% |
+0.31% |
$2.2M |
$47.3M |
| INTCIntel |
$102.13 |
$102.08 |
-0.052% |
— |
— |
+5.5% 多付 |
|
0.026% |
+0.23% |
$2.0M |
$55.0M |
| LITELumentum |
$909.53 |
$909.55 |
+0.001% |
— |
— |
+5.5% 多付 |
|
0.097% |
+1.30% |
$1.9M |
$6.7M |
| MSFTMicrosoft |
$500.21 |
$500.34 |
+0.029% |
+0.01% |
+0.02% |
+5.5% 多付 |
|
0.017% |
+0.28% |
$1.7M |
$53.5M |
| MSTRMicroStrategy |
$102.93 |
$103.11 |
+0.206% |
+2.79% |
-2.58% |
+5.5% 多付 |
|
0.016% |
+1.49% |
$1.7M |
$23.3M |
| PLTRPalantir |
$173.36 |
$173.2 |
-0.109% |
-0.07% |
-0.04% |
-30.8% 空付 |
|
0.076% |
+1.02% |
$1.6M |
$41.2M |
| UNITREEUNITREE |
$87.224 |
$87.385 |
+0.119% |
— |
— |
-0.1% 空付 |
|
0.251% |
+2.24% |
$1.5M |
$7.7M |
| COINCoinbase |
$155.36 |
$155.6 |
+0.160% |
+0.94% |
-0.78% |
+5.5% 多付 |
|
0.078% |
+0.71% |
$1.4M |
$12.9M |
| AMZNAmazon |
$275.14 |
$275.09 |
-0.013% |
-0.22% |
+0.21% |
+5.5% 多付 |
— |
0.056% |
+0.32% |
$1.4M |
$28.0M |
| SOXLSOXL |
$142.12 |
$141.82 |
-0.176% |
— |
— |
-29.1% 空付 |
— |
0.141% |
+0.06% |
$1.3M |
$1.3M |
| ORCLOracle |
$147.3 |
$147.3 |
+0.010% |
— |
— |
+5.5% 多付 |
— |
0.048% |
+0.27% |
$1.1M |
$33.2M |
| CBRSCoreCard |
$226.73 |
$226.55 |
-0.115% |
— |
— |
+5.5% 多付 |
— |
0.097% |
-0.80% |
$923K |
$50.8M |
| AMDAMD |
$484.56 |
$484.5 |
-0.002% |
— |
— |
+5.6% 多付 |
— |
0.041% |
+0.54% |
$915K |
$12.9M |
| BABAAlibaba |
$129.58 |
$129.5 |
-0.050% |
— |
— |
-23.9% 空付 |
— |
0.055% |
-0.08% |
$744K |
$9.9M |
| HOODRobinhood |
$94.458 |
$94.429 |
-0.025% |
+0.61% |
-0.63% |
+5.5% 多付 |
— |
0.035% |
+0.15% |
$716K |
$16.5M |
| LYTELYTE |
$27.642 |
$27.528 |
-0.396% |
— |
— |
-36.4% 空付 |
— |
0.961% |
+1.32% |
$669K |
$2.1M |
| RKLBRocket Lab |
$85.574 |
$85.542 |
-0.048% |
— |
— |
+5.5% 多付 |
— |
0.144% |
+2.67% |
$609K |
$5.5M |
| CRWVCoreWeave |
$92.213 |
$92.209 |
-0.026% |
— |
— |
+6.1% 多付 |
— |
0.128% |
+0.74% |
$594K |
$4.7M |
| IBMIBM |
$237.24 |
$237.38 |
+0.071% |
— |
— |
+32.2% 多付 |
— |
0.174% |
+0.05% |
$319K |
$9.9M |
| NFLXNetflix |
$74.017 |
$74.02 |
-0.028% |
— |
— |
-3.3% 空付 |
— |
0.215% |
-0.30% |
$308K |
$4.7M |
| AVGOBroadcom |
$429.73 |
$429.73 |
-0.011% |
+1.57% |
-1.58% |
+5.5% 多付 |
— |
0.124% |
+0.74% |
$228K |
$3.0M |
| USARUSA Rare Earth |
$19.986 |
$20.028 |
+0.251% |
— |
— |
+198.8% 多付 |
— |
0.250% |
+1.59% |
$208K |
$1.4M |
| TSMTSMC |
$420.9 |
$420.92 |
+0.005% |
— |
— |
+5.5% 多付 |
— |
0.055% |
-0.00% |
$194K |
$15.2M |
| MINIMAXMINIMAX |
$43.096 |
$43.079 |
+0.023% |
— |
— |
-1.6% 空付 |
— |
0.237% |
+0.97% |
$194K |
$11.6M |
| ARMArm |
$283.93 |
$283.93 |
-0.016% |
— |
— |
+10.7% 多付 |
— |
0.126% |
+0.65% |
$190K |
$2.7M |
| ASMLASML |
$1,750.9 |
$1,751.6 |
+0.002% |
— |
— |
+5.5% 多付 |
— |
0.230% |
+0.85% |
$184K |
$1.9M |
| XLEEnergy Select Sector SPDR Fund |
$57.103 |
$57.182 |
+0.189% |
— |
— |
+191.7% 多付 |
— |
0.490% |
+0.08% |
$166K |
$1.8M |
| WDCWestern Digital |
$436.21 |
$436.46 |
+0.045% |
— |
— |
+49.3% 多付 |
— |
0.236% |
-0.32% |
$150K |
$2.4M |
| LLYEli Lilly |
$1,182.1 |
$1,182.5 |
-0.000% |
— |
— |
+5.5% 多付 |
— |
0.302% |
+0.32% |
$142K |
$3.1M |
| AMATAMAT |
$540.57 |
$540.57 |
+0.012% |
— |
— |
+28.2% 多付 |
— |
0.378% |
+0.23% |
$136K |
$805K |
| NOWServiceNow |
$125.46 |
$125.71 |
+0.192% |
— |
— |
+37.0% 多付 |
— |
0.299% |
-0.71% |
$125K |
$1.8M |
| BOTBOT |
$28.346 |
$28.421 |
+0.135% |
— |
— |
+61.0% 多付 |
— |
0.917% |
+1.34% |
$110K |
$3.7M |
| ZHIPUZHIPU |
$163.91 |
$163.41 |
-0.303% |
— |
— |
-74.4% 空付 |
— |
0.408% |
+0.24% |
$109K |
$5.1M |
| STRCSTRC |
$94.905 |
$94.905 |
-0.002% |
— |
— |
+5.5% 多付 |
— |
0.068% |
+0.06% |
$107K |
$11.7M |
| DELLDell |
$452.4 |
$452.51 |
+0.022% |
— |
— |
+17.6% 多付 |
— |
0.092% |
+0.09% |
$100K |
$3.3M |
| DKNGDraftKings |
$24.371 |
$24.315 |
-0.370% |
— |
— |
-172.2% 空付 |
— |
0.950% |
-1.05% |
$95K |
$437K |
| HIMSHims |
$31.766 |
$31.764 |
-0.124% |
— |
— |
-46.4% 空付 |
— |
0.674% |
+0.71% |
$70K |
$3.1M |
| GMEGameStop |
$19.428 |
$19.421 |
-0.137% |
— |
— |
-95.8% 空付 |
— |
1.233% |
+1.10% |
$68K |
$1.3M |
| NOKNOK |
$9.394 |
$9.386 |
-0.160% |
— |
— |
-35.6% 空付 |
— |
0.388% |
-0.71% |
$67K |
$921K |
| KORUKORU |
$17.405 |
$17.393 |
-0.051% |
— |
— |
+105.0% 多付 |
— |
0.660% |
+0.49% |
$66K |
$169K |
| BIRDBIRD |
$2.497 |
$2.49 |
-0.377% |
— |
— |
-221.9% 空付 |
— |
1.744% |
-1.96% |
$61K |
$88K |
| BEBE |
$221.25 |
$221.17 |
-0.075% |
— |
— |
+5.5% 多付 |
— |
0.159% |
-0.45% |
$57K |
$2.2M |
| GIGADEVGIGADEV |
$60.586 |
$60.586 |
-0.110% |
— |
— |
-45.0% 空付 |
— |
1.975% |
-1.20% |
$57K |
$2.3M |
| SHAZSHAZ |
$49.753 |
$49.753 |
+0.137% |
— |
— |
+49.2% 多付 |
— |
0.771% |
+0.29% |
$57K |
$3.1M |
| PURRDATPURRDAT |
$6.79 |
$6.806 |
+0.260% |
— |
— |
+88.6% 多付 |
— |
0.618% |
+0.32% |
$55K |
$5.9M |
| BBBlackBerry |
$9.113 |
$9.113 |
-0.068% |
— |
— |
-22.9% 空付 |
— |
0.311% |
-0.26% |
$45K |
$11.6M |
| QCOMQCOM |
$167.93 |
$167.86 |
-0.057% |
— |
— |
-13.4% 空付 |
— |
0.228% |
-0.16% |
$45K |
$3.7M |
| EBAYeBay |
$111.29 |
$111.21 |
-0.124% |
— |
— |
-55.8% 空付 |
— |
0.806% |
-0.25% |
$41K |
$259K |
| NCLDNCLD |
$22.979 |
$23.2 |
+1.424% |
— |
— |
+764.0% 多付 |
— |
3.453% |
+1.31% |
$26K |
$36K |
| QNTQuantinuum |
$58.234 |
$58.19 |
-0.116% |
— |
— |
-24.2% 空付 |
— |
0.470% |
-0.23% |
$24K |
$1.3M |
| URNMURNM |
$55.62 |
$55.637 |
-0.196% |
— |
— |
-91.2% 空付 |
— |
0.878% |
+0.77% |
$21K |
$1.1M |
| SMHVanEck Semiconductor ETF |
$584.21 |
$584.54 |
+0.119% |
— |
— |
+36.1% 多付 |
— |
0.604% |
+0.11% |
$21K |
$1.6M |
| BXBlackstone |
$135.79 |
$135.65 |
-0.293% |
— |
— |
-152.6% 空付 |
— |
0.521% |
0.00% |
$21K |
$548K |
| ZMZoom |
$105.81 |
$106.12 |
+0.293% |
— |
— |
+156.2% 多付 |
— |
0.862% |
+0.84% |
$19K |
$337K |
| RIVNRivian |
$16.033 |
$16.033 |
+0.022% |
— |
— |
+5.5% 多付 |
— |
0.334% |
0.00% |
$19K |
$647K |
| COSTCostco |
$946.66 |
$946.66 |
+0.017% |
— |
— |
+5.5% 多付 |
— |
0.403% |
-0.07% |
$7K |
$287K |
| GEVGEV |
$992.63 |
$993.31 |
+0.393% |
— |
— |
+193.9% 多付 |
— |
1.038% |
-0.56% |
$777 |
$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