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 15 小时 7 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
+0.21%
Intel（INTC）链上买盘把价格顶到真股之上
🔻 折价最深
-0.47%
Nebius（NBIS）链上比真股更便宜
💸 资金费最贵(年化)
+209%
Intel · 做多每小时倒贴空头
⚖️ 跨场价差最大
-2.72%
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 |
| SP500指数标普500 |
$7,742.6 |
$7,740.2 |
-0.030% |
— |
— |
+4.2% 多付 |
|
0.001% |
-0.22% |
$92.3M |
$482.1M |
| SPCXSpaceX(trade.xyz) |
$136.17 |
$135.88 |
-0.248% |
— |
— |
-102.1% 空付 |
|
0.021% |
0.00% |
$77.6M |
$265.3M |
| XYZ100指数纳斯达克100 |
$29,711 |
$29,717 |
+0.022% |
— |
— |
+5.5% 多付 |
|
0.003% |
-0.11% |
$68.7M |
$210.1M |
| MUMicron |
$879.79 |
$879.79 |
+0.008% |
— |
— |
-35.6% 空付 |
|
0.010% |
-0.35% |
$10.5M |
$191.5M |
| SNDKSanDisk |
$1,232.3 |
$1,232.2 |
-0.011% |
— |
— |
+5.5% 多付 |
|
0.021% |
+1.06% |
$9.9M |
$129.2M |
| GOOGLAlphabet |
$358.41 |
$358.07 |
-0.099% |
+0.45% |
-0.55% |
-72.4% 空付 |
|
0.032% |
+0.68% |
$8.4M |
$129.6M |
| SKHYSKHY |
$139.95 |
$139.95 |
+0.003% |
— |
— |
-14.0% 空付 |
|
0.031% |
+0.66% |
$6.2M |
$102.5M |
| TSLATesla |
$331.48 |
$330.58 |
-0.316% |
+0.42% |
-0.74% |
-80.4% 空付 |
|
0.025% |
-0.29% |
$4.1M |
$37.9M |
| NVDANVIDIA |
$225.53 |
$225.2 |
-0.143% |
+0.58% |
-0.72% |
-17.8% 空付 |
|
0.016% |
+0.34% |
$4.0M |
$167.8M |
| CXMTCXMT |
$7.327 |
$7.344 |
+0.248% |
— |
— |
+140.4% 多付 |
|
0.192% |
+0.49% |
$3.8M |
$67.3M |
| INTCIntel |
$102.66 |
$102.88 |
+0.211% |
— |
— |
+209.1% 多付 |
|
0.030% |
+0.46% |
$3.2M |
$56.1M |
| METAMeta |
$595.75 |
$594.01 |
-0.310% |
+0.60% |
-0.91% |
-137.9% 空付 |
|
0.040% |
+0.03% |
$3.1M |
$47.9M |
| CRCLCircle |
$67.994 |
$67.987 |
-0.065% |
+1.38% |
-1.45% |
+5.5% 多付 |
|
0.040% |
-0.12% |
$2.7M |
$42.9M |
| MRVLMarvell |
$221.51 |
$220.92 |
-0.276% |
— |
— |
-145.9% 空付 |
|
0.043% |
-1.03% |
$2.5M |
$31.9M |
| LITELumentum |
$908.45 |
$906.07 |
-0.285% |
— |
— |
-110.4% 空付 |
|
0.098% |
-0.01% |
$2.5M |
$7.4M |
| NBISNebius |
$193.14 |
$192.22 |
-0.472% |
— |
— |
-184.1% 空付 |
|
0.109% |
+0.33% |
$2.5M |
$32.5M |
| MSTRMicroStrategy |
$102.88 |
$102.91 |
+0.022% |
+2.74% |
-2.72% |
+14.1% 多付 |
|
0.036% |
+1.19% |
$2.4M |
$24.0M |
| AAPLApple |
$312.48 |
$312.01 |
-0.157% |
-0.80% |
+0.64% |
-13.0% 空付 |
|
0.036% |
-0.02% |
$2.3M |
$39.5M |
| MSFTMicrosoft |
$499.54 |
$498.14 |
-0.314% |
-0.44% |
+0.13% |
-52.5% 空付 |
|
0.018% |
-0.28% |
$2.2M |
$53.5M |
| AMZNAmazon |
$274.69 |
$273.67 |
-0.388% |
-0.20% |
-0.19% |
-122.1% 空付 |
|
0.024% |
-0.52% |
$1.9M |
$27.8M |
| SOXLSOXL |
$141.3 |
$140.45 |
-0.651% |
— |
— |
-268.8% 空付 |
|
0.229% |
-2.46% |
$1.8M |
$1.3M |
| COINCoinbase |
$155.15 |
$155.22 |
+0.051% |
-1.36% |
+1.41% |
+14.2% 多付 |
|
0.059% |
+0.72% |
$1.8M |
$12.3M |
| PLTRPalantir |
$173.05 |
$172.49 |
-0.334% |
-0.68% |
+0.35% |
-148.7% 空付 |
— |
0.068% |
+0.28% |
$1.8M |
$41.1M |
| UNITREEUNITREE |
$88.054 |
$88.13 |
+0.052% |
— |
— |
-0.1% 空付 |
— |
0.273% |
+3.27% |
$1.5M |
$7.9M |
| ORCLOracle |
$147.35 |
$147.09 |
-0.204% |
— |
— |
-49.1% 空付 |
— |
0.073% |
+0.16% |
$1.2M |
$33.1M |
| AMDAMD |
$483.97 |
$482.85 |
-0.226% |
— |
— |
-85.1% 空付 |
— |
0.033% |
-0.16% |
$1.1M |
$13.0M |
| HOODRobinhood |
$94.352 |
$94.102 |
-0.296% |
+3.13% |
-3.43% |
-61.0% 空付 |
— |
0.052% |
-0.34% |
$929K |
$16.5M |
| CBRSCoreCard |
$227.43 |
$227.13 |
-0.149% |
— |
— |
-44.8% 空付 |
— |
0.077% |
-0.70% |
$857K |
$51.0M |
| GIGADEVGIGADEV |
$60.44 |
$60.684 |
+0.419% |
— |
— |
+338.3% 多付 |
— |
1.613% |
-0.93% |
$750K |
$2.3M |
| CRWVCoreWeave |
$92.217 |
$91.931 |
-0.331% |
— |
— |
-116.6% 空付 |
— |
0.123% |
+0.30% |
$743K |
$4.8M |
| LYTELYTE |
$27.58 |
$27.549 |
-0.371% |
— |
— |
-124.2% 空付 |
— |
1.013% |
+0.04% |
$640K |
$2.2M |
| RKLBRocket Lab |
$85.301 |
$85.034 |
-0.336% |
— |
— |
-135.3% 空付 |
— |
0.122% |
+1.24% |
$601K |
$5.6M |
| AVGOBroadcom |
$428.68 |
$427.5 |
-0.275% |
-0.39% |
+0.11% |
-103.6% 空付 |
— |
0.115% |
-0.27% |
$444K |
$3.1M |
| BABAAlibaba |
$129.5 |
$129.34 |
-0.146% |
— |
— |
-49.2% 空付 |
— |
0.096% |
-0.31% |
$429K |
$9.9M |
| IBMIBM |
$237.34 |
$236.95 |
-0.239% |
— |
— |
-83.8% 空付 |
— |
0.095% |
-0.08% |
$408K |
$9.9M |
| NCLDNCLD |
$23.097 |
$23.097 |
+0.555% |
— |
— |
+218.4% 多付 |
— |
4.101% |
-0.87% |
$325K |
$34K |
| NFLXNetflix |
$74.024 |
$73.982 |
-0.161% |
— |
— |
-32.7% 空付 |
— |
0.214% |
-0.14% |
$314K |
$4.7M |
| MINIMAXMINIMAX |
$43.229 |
$43.475 |
+0.610% |
— |
— |
+216.5% 多付 |
— |
0.579% |
+1.43% |
$281K |
$11.8M |
| USARUSA Rare Earth |
$19.972 |
$19.929 |
-0.285% |
— |
— |
-113.6% 空付 |
— |
0.252% |
-0.55% |
$247K |
$1.5M |
| AMATAMAT |
$542.02 |
$540.56 |
-0.400% |
— |
— |
-98.2% 空付 |
— |
0.423% |
+0.26% |
$221K |
$875K |
| ASMLASML |
$1,749.5 |
$1,747.6 |
-0.153% |
— |
— |
-31.1% 空付 |
— |
0.181% |
+0.03% |
$211K |
$1.9M |
| LLYEli Lilly |
$1,183.7 |
$1,183.9 |
+0.035% |
— |
— |
+5.5% 多付 |
— |
0.186% |
+0.39% |
$197K |
$3.2M |
| TSMTSMC |
$420.25 |
$419.6 |
-0.150% |
— |
— |
-106.5% 空付 |
— |
0.078% |
-0.88% |
$180K |
$15.2M |
| ARMArm |
$283.6 |
$282.67 |
-0.349% |
— |
— |
-123.8% 空付 |
— |
0.151% |
-0.25% |
$180K |
$2.7M |
| XLEEnergy Select Sector SPDR Fund |
$57.384 |
$57.471 |
+0.230% |
— |
— |
+78.9% 多付 |
— |
0.397% |
+0.58% |
$180K |
$1.7M |
| ZHIPUZHIPU |
$162.12 |
$161.66 |
-0.217% |
— |
— |
-87.7% 空付 |
— |
0.483% |
-1.23% |
$173K |
$5.0M |
| STRCSTRC |
$94.911 |
$94.933 |
+0.082% |
— |
— |
+5.5% 多付 |
— |
0.163% |
+0.03% |
$150K |
$11.7M |
| NOWServiceNow |
$125.98 |
$126.01 |
+0.045% |
— |
— |
+31.1% 多付 |
— |
0.364% |
-0.63% |
$126K |
$1.8M |
| WDCWestern Digital |
$436.97 |
$436.54 |
-0.123% |
— |
— |
-47.4% 空付 |
— |
0.265% |
-0.27% |
$112K |
$2.4M |
| GMEGameStop |
$19.25 |
$19.246 |
-0.125% |
— |
— |
-64.0% 空付 |
— |
0.714% |
+0.23% |
$96K |
$1.3M |
| DKNGDraftKings |
$24.361 |
$24.398 |
+0.139% |
— |
— |
+64.1% 多付 |
— |
0.846% |
+0.31% |
$91K |
$394K |
| DELLDell |
$453.35 |
$452.3 |
-0.246% |
— |
— |
-105.8% 空付 |
— |
0.088% |
0.00% |
$82K |
$3.3M |
| QCOMQCOM |
$167.9 |
$167.5 |
-0.271% |
— |
— |
-49.6% 空付 |
— |
0.212% |
-0.13% |
$63K |
$3.7M |
| BIRDBIRD |
$2.497 |
$2.489 |
-0.413% |
— |
— |
-236.6% 空付 |
— |
1.889% |
-1.74% |
$62K |
$89K |
| HIMSHims |
$31.87 |
$31.878 |
+0.210% |
— |
— |
+74.2% 多付 |
— |
0.421% |
+0.68% |
$53K |
$3.1M |
| BOTBOT |
$28.556 |
$28.565 |
+0.075% |
— |
— |
+28.1% 多付 |
— |
0.705% |
-0.83% |
$49K |
$3.8M |
| KORUKORU |
$17.602 |
$17.53 |
-0.355% |
— |
— |
-228.2% 空付 |
— |
0.436% |
+0.42% |
$42K |
$184K |
| BEBE |
$222.12 |
$222.02 |
-0.048% |
— |
— |
+5.5% 多付 |
— |
0.155% |
+0.67% |
$41K |
$2.3M |
| ZMZoom |
$106.4 |
$106.37 |
-0.345% |
— |
— |
-173.5% 空付 |
— |
0.781% |
+0.94% |
$41K |
$308K |
| SHAZSHAZ |
$49.701 |
$49.728 |
+0.266% |
— |
— |
+131.2% 多付 |
— |
0.741% |
-0.13% |
$38K |
$3.1M |
| QNTQuantinuum |
$58.262 |
$58.312 |
+0.057% |
— |
— |
+5.5% 多付 |
— |
0.664% |
-0.10% |
$36K |
$1.3M |
| NOKNOK |
$9.388 |
$9.394 |
+0.102% |
— |
— |
+5.7% 多付 |
— |
0.387% |
-0.29% |
$35K |
$915K |
| PURRDATPURRDAT |
$6.832 |
$6.83 |
-0.271% |
— |
— |
-124.7% 空付 |
— |
0.786% |
-0.25% |
$32K |
$5.9M |
| BBBlackBerry |
$9.115 |
$9.121 |
+0.067% |
— |
— |
+9.3% 多付 |
— |
0.285% |
+0.08% |
$31K |
$11.6M |
| SMHVanEck Semiconductor ETF |
$585.4 |
$584.63 |
-0.202% |
— |
— |
-33.8% 空付 |
— |
0.466% |
+0.34% |
$29K |
$1.6M |
| BXBlackstone |
$135.38 |
$135.37 |
-0.031% |
— |
— |
+5.5% 多付 |
— |
0.290% |
-0.97% |
$19K |
$547K |
| EBAYeBay |
$111.26 |
$111.17 |
-0.025% |
— |
— |
-2.6% 空付 |
— |
0.834% |
-0.59% |
$18K |
$257K |
| URNMURNM |
$55.639 |
$55.691 |
-0.088% |
— |
— |
-48.9% 空付 |
— |
0.712% |
-0.05% |
$18K |
$1.1M |
| RIVNRivian |
$16.177 |
$16.239 |
+0.101% |
— |
— |
+93.7% 多付 |
— |
0.871% |
+1.34% |
$9K |
$657K |
| COSTCostco |
$946.93 |
$947.51 |
+0.003% |
— |
— |
+5.5% 多付 |
— |
0.350% |
+0.29% |
$6K |
$286K |
| GEVGEV |
$992.63 |
$992.83 |
+0.330% |
— |
— |
+182.2% 多付 |
— |
1.133% |
-0.61% |
$5K |
$33K |
| 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