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 23 小时 59 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
+0.20%
Nebius（NBIS）链上买盘把价格顶到真股之上
🔻 折价最深
-0.08%
SpaceX(trade.xyz)（SPCX）链上比真股更便宜
💸 资金费最贵(年化)
+58%
Nebius · 做多每小时倒贴空头
⚖️ 跨场价差最大
-1.52%
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) |
$135.87 |
$135.81 |
-0.077% |
— |
— |
+5.5% 多付 |
|
0.021% |
+1.97% |
$154.7M |
$263.6M |
| SP500指数标普500 |
$7,760 |
$7,758.9 |
-0.009% |
— |
— |
+5.5% 多付 |
|
0.012% |
+0.19% |
$38.6M |
$473.0M |
| XYZ100指数纳斯达克100 |
$29,762 |
$29,767 |
+0.029% |
— |
— |
+5.5% 多付 |
|
0.003% |
+0.24% |
$25.9M |
$186.6M |
| SNDKSanDisk |
$1,219.6 |
$1,220.1 |
+0.051% |
— |
— |
+8.4% 多付 |
|
0.021% |
+0.17% |
$10.9M |
$127.6M |
| MUMicron |
$880.68 |
$880.68 |
-0.018% |
— |
— |
+5.5% 多付 |
|
0.019% |
-0.25% |
$10.5M |
$191.4M |
| SKHYSKHY |
$138.98 |
$139.01 |
+0.027% |
— |
— |
+22.0% 多付 |
|
0.025% |
+0.06% |
$7.9M |
$102.1M |
| GOOGLAlphabet |
$357.26 |
$357.36 |
+0.036% |
+0.89% |
-0.85% |
+5.5% 多付 |
|
0.022% |
+0.55% |
$5.7M |
$126.7M |
| TSLATesla |
$330.11 |
$330.34 |
+0.069% |
+0.41% |
-0.34% |
+14.8% 多付 |
|
0.028% |
+0.15% |
$4.6M |
$36.7M |
| NVDANVIDIA |
$224.69 |
$224.75 |
+0.037% |
+0.31% |
-0.27% |
+5.5% 多付 |
|
0.025% |
+0.33% |
$4.5M |
$167.3M |
| MRVLMarvell |
$221.64 |
$221.89 |
+0.128% |
— |
— |
+51.3% 多付 |
|
0.038% |
+1.32% |
$3.7M |
$32.1M |
| CXMTCXMT |
$7.3 |
$7.315 |
+0.210% |
— |
— |
+5.8% 多付 |
|
0.253% |
+1.34% |
$3.4M |
$66.8M |
| CRCLCircle |
$67.95 |
$68.01 |
+0.045% |
+1.56% |
-1.52% |
+20.3% 多付 |
|
0.069% |
+1.25% |
$3.0M |
$43.5M |
| METAMeta |
$595.76 |
$595.76 |
+0.011% |
— |
— |
+5.5% 多付 |
|
0.059% |
+0.64% |
$2.7M |
$47.3M |
| NBISNebius |
$193.53 |
$193.92 |
+0.199% |
— |
— |
+57.7% 多付 |
|
0.104% |
+1.92% |
$2.6M |
$32.5M |
| AAPLApple |
$312.34 |
$312.47 |
+0.056% |
-0.86% |
+0.92% |
+14.0% 多付 |
|
0.042% |
+0.05% |
$2.4M |
$39.1M |
| INTCIntel |
$102.12 |
$102.2 |
+0.141% |
— |
— |
+5.5% 多付 |
|
0.027% |
+0.60% |
$2.2M |
$55.1M |
| LITELumentum |
$911.75 |
$910.16 |
-0.206% |
— |
— |
+5.5% 多付 |
|
0.054% |
+1.49% |
$1.7M |
$6.5M |
| MSFTMicrosoft |
$499.94 |
$499.79 |
-0.043% |
-0.48% |
+0.44% |
+5.5% 多付 |
|
0.018% |
+0.17% |
$1.7M |
$53.2M |
| AMZNAmazon |
$275 |
$275 |
-0.010% |
+0.44% |
-0.45% |
+5.5% 多付 |
|
0.031% |
+0.29% |
$1.6M |
$28.0M |
| PLTRPalantir |
$173.46 |
$173.8 |
+0.238% |
+0.09% |
+0.15% |
+91.5% 多付 |
|
0.067% |
+1.66% |
$1.5M |
$41.3M |
| UNITREEUNITREE |
$87.17 |
$87.1 |
-0.100% |
— |
— |
-0.7% 空付 |
|
0.190% |
+2.67% |
$1.5M |
$7.6M |
| COINCoinbase |
$155.05 |
$155.23 |
+0.118% |
+1.58% |
-1.46% |
+47.5% 多付 |
|
0.094% |
+0.77% |
$1.3M |
$12.9M |
| SOXLSOXL |
$142.38 |
$142.62 |
+0.167% |
— |
— |
+121.4% 多付 |
— |
0.147% |
+0.53% |
$1.3M |
$1.4M |
| MSTRMicroStrategy |
$102.64 |
$102.73 |
+0.099% |
+2.64% |
-2.54% |
+56.8% 多付 |
— |
0.017% |
+1.27% |
$1.2M |
$22.7M |
| ORCLOracle |
$147.18 |
$147.27 |
+0.072% |
— |
— |
+10.3% 多付 |
— |
0.047% |
+0.48% |
$1.1M |
$33.1M |
| CBRSCoreCard |
$226.64 |
$227.45 |
+0.359% |
— |
— |
+98.6% 多付 |
— |
0.076% |
-0.17% |
$991K |
$51.0M |
| AMDAMD |
$484.27 |
$484.61 |
+0.081% |
— |
— |
+11.2% 多付 |
— |
0.027% |
+0.66% |
$905K |
$12.9M |
| BABAAlibaba |
$129.7 |
$129.74 |
+0.035% |
— |
— |
+7.0% 多付 |
— |
0.106% |
+0.16% |
$827K |
$9.9M |
| HOODRobinhood |
$94.305 |
$94.379 |
+0.086% |
+3.59% |
-3.50% |
+18.8% 多付 |
— |
0.050% |
+0.28% |
$705K |
$16.5M |
| LYTELYTE |
$27.584 |
$27.584 |
-0.186% |
— |
— |
+200.7% 多付 |
— |
1.071% |
-0.33% |
$644K |
$2.1M |
| RKLBRocket Lab |
$85.29 |
$85.618 |
+0.387% |
— |
— |
+176.9% 多付 |
— |
0.082% |
+2.62% |
$575K |
$5.4M |
| CRWVCoreWeave |
$92.107 |
$92.173 |
+0.056% |
— |
— |
+20.0% 多付 |
— |
0.130% |
+0.60% |
$561K |
$4.7M |
| NFLXNetflix |
$74.024 |
$74.024 |
-0.076% |
— |
— |
-10.7% 空付 |
— |
0.298% |
-0.25% |
$353K |
$4.7M |
| IBMIBM |
$236.88 |
$236.92 |
-0.032% |
— |
— |
+0.0% |
— |
0.184% |
-0.15% |
$318K |
$9.9M |
| USARUSA Rare Earth |
$19.838 |
$19.842 |
-0.043% |
— |
— |
+80.8% 多付 |
— |
0.219% |
+1.17% |
$229K |
$1.4M |
| AVGOBroadcom |
$429.51 |
$429.85 |
+0.086% |
+1.57% |
-1.48% |
+50.9% 多付 |
— |
0.055% |
+0.70% |
$225K |
$3.0M |
| TSMTSMC |
$420.94 |
$420.94 |
-0.005% |
— |
— |
+5.5% 多付 |
— |
0.058% |
+0.11% |
$203K |
$15.2M |
| ARMArm |
$282.87 |
$283.23 |
+0.166% |
— |
— |
+79.6% 多付 |
— |
0.125% |
+0.33% |
$190K |
$2.7M |
| ASMLASML |
$1,749.1 |
$1,748.3 |
-0.060% |
— |
— |
+5.5% 多付 |
— |
0.215% |
+0.66% |
$185K |
$1.9M |
| NOWServiceNow |
$125.29 |
$125.16 |
-0.049% |
— |
— |
-48.5% 空付 |
— |
0.186% |
-1.18% |
$174K |
$1.8M |
| MINIMAXMINIMAX |
$43.096 |
$43.118 |
+0.166% |
— |
— |
+52.8% 多付 |
— |
0.311% |
+0.82% |
$160K |
$11.6M |
| DKNGDraftKings |
$24.374 |
$24.374 |
-0.334% |
— |
— |
-149.6% 空付 |
— |
0.971% |
+1.29% |
$151K |
$438K |
| LLYEli Lilly |
$1,182.1 |
$1,182.1 |
-0.050% |
— |
— |
-2.8% 空付 |
— |
0.315% |
+0.36% |
$151K |
$3.1M |
| STRCSTRC |
$94.903 |
$94.926 |
+0.004% |
— |
— |
+5.5% 多付 |
— |
0.060% |
-0.00% |
$146K |
$11.7M |
| XLEEnergy Select Sector SPDR Fund |
$56.909 |
$56.837 |
-0.166% |
— |
— |
-3.0% 空付 |
— |
0.524% |
-0.52% |
$142K |
$1.7M |
| WDCWestern Digital |
$435.07 |
$435.48 |
+0.088% |
— |
— |
+56.6% 多付 |
— |
0.296% |
-0.30% |
$141K |
$2.4M |
| AMATAMAT |
$540.16 |
$540.16 |
+0.023% |
— |
— |
-10.7% 空付 |
— |
0.423% |
-0.06% |
$141K |
$799K |
| BOTBOT |
$28.297 |
$28.277 |
-0.284% |
— |
— |
-164.3% 空付 |
— |
0.636% |
+0.10% |
$129K |
$3.7M |
| ZHIPUZHIPU |
$165.01 |
$165.27 |
+0.085% |
— |
— |
+37.1% 多付 |
— |
0.182% |
+1.20% |
$99K |
$5.2M |
| DELLDell |
$452.12 |
$452.44 |
+0.063% |
— |
— |
+31.3% 多付 |
— |
0.099% |
-0.10% |
$90K |
$3.3M |
| GMEGameStop |
$19.453 |
$19.433 |
-0.402% |
— |
— |
-34.4% 空付 |
— |
1.355% |
+1.22% |
$68K |
$1.3M |
| KORUKORU |
$17.375 |
$17.444 |
+0.392% |
— |
— |
+248.7% 多付 |
— |
0.335% |
+1.50% |
$68K |
$174K |
| BEBE |
$221.13 |
$221.36 |
+0.139% |
— |
— |
+50.0% 多付 |
— |
0.161% |
-0.34% |
$68K |
$2.2M |
| HIMSHims |
$31.776 |
$31.84 |
+0.120% |
— |
— |
+61.0% 多付 |
— |
0.517% |
+0.72% |
$67K |
$3.1M |
| SHAZSHAZ |
$49.753 |
$49.694 |
+0.152% |
— |
— |
+62.2% 多付 |
— |
0.699% |
-0.25% |
$62K |
$3.1M |
| NOKNOK |
$9.397 |
$9.4 |
+0.094% |
— |
— |
+10.9% 多付 |
— |
0.440% |
-0.37% |
$62K |
$926K |
| BIRDBIRD |
$2.497 |
$2.493 |
-0.335% |
— |
— |
-164.3% 空付 |
— |
1.777% |
-1.60% |
$60K |
$87K |
| GIGADEVGIGADEV |
$60.586 |
$60.671 |
+0.110% |
— |
— |
+36.2% 多付 |
— |
1.641% |
-0.92% |
$58K |
$2.3M |
| QCOMQCOM |
$168.04 |
$168.17 |
+0.093% |
— |
— |
+31.3% 多付 |
— |
0.342% |
+0.10% |
$56K |
$3.7M |
| PURRDATPURRDAT |
$6.79 |
$6.787 |
-0.116% |
— |
— |
-91.8% 空付 |
— |
0.860% |
+0.40% |
$55K |
$5.9M |
| URNMURNM |
$55.619 |
$55.639 |
-0.239% |
— |
— |
-110.4% 空付 |
— |
0.879% |
+0.37% |
$54K |
$1.1M |
| BBBlackBerry |
$9.113 |
$9.113 |
-0.056% |
— |
— |
-15.6% 空付 |
— |
0.309% |
-1.35% |
$49K |
$11.6M |
| BXBlackstone |
$136.18 |
$136.18 |
-0.074% |
— |
— |
-64.1% 空付 |
— |
0.358% |
-0.36% |
$48K |
$550K |
| EBAYeBay |
$111.46 |
$111.2 |
-0.063% |
— |
— |
-30.3% 空付 |
— |
1.000% |
-0.65% |
$41K |
$258K |
| NCLDNCLD |
$22.979 |
$22.979 |
+0.931% |
— |
— |
+755.3% 多付 |
— |
2.629% |
+0.34% |
$26K |
$35K |
| RIVNRivian |
$16.033 |
$16.033 |
+0.008% |
— |
— |
+5.5% 多付 |
— |
0.304% |
+0.14% |
$22K |
$647K |
| SMHVanEck Semiconductor ETF |
$584.06 |
$583.69 |
-0.002% |
— |
— |
+3.0% 多付 |
— |
0.533% |
+0.17% |
$22K |
$1.6M |
| QNTQuantinuum |
$58.244 |
$58.266 |
-0.014% |
— |
— |
+1.9% 多付 |
— |
0.479% |
+0.39% |
$21K |
$1.3M |
| ZMZoom |
$104.88 |
$104.93 |
+0.162% |
— |
— |
+81.7% 多付 |
— |
0.668% |
+0.23% |
$19K |
$330K |
| COSTCostco |
$946.65 |
$946.65 |
+0.022% |
— |
— |
+5.5% 多付 |
— |
0.381% |
+0.05% |
$11K |
$287K |
| GEVGEV |
$992.63 |
$992.63 |
+0.158% |
— |
— |
+76.9% 多付 |
— |
1.024% |
-0.51% |
$4K |
$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