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 55 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 47 小时 13 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%
BlackBerry（BB）链上买盘把价格顶到真股之上
🔻 折价最深
-0.41%
Nebius（NBIS）链上比真股更便宜
💸 资金费最贵(年化)
-169%
Nebius · 做空每小时倒贴多头
⚖️ 跨场价差最大
-1.61%
Circle · 永续与现货定价分歧，潜在套利
OpenAI
市场隐含估值$1.17T
永续溢价+13.87%
资金费(年化)+45.7%
SpaceX
市场隐含估值$2.10T
永续溢价0.00%
资金费(年化)0.0%
Anthropic
市场隐含估值$1.43T
永续溢价+15.21%
资金费(年化)+54.3%
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) |
$165.22 |
$164.91 |
-0.172% |
— |
— |
-60.5% 空付 |
|
0.030% |
-7.47% |
$1.13B |
$215.0M |
| XYZ100指数纳斯达克100 |
$29,629 |
$29,622 |
-0.042% |
— |
— |
+4.8% 多付 |
|
0.023% |
+0.33% |
$410.0M |
$378.7M |
| SP500指数标普500 |
$7,443.3 |
$7,442.6 |
-0.010% |
— |
— |
+5.5% 多付 |
|
0.020% |
+0.49% |
$246.7M |
$373.3M |
| INTCIntel |
$124.89 |
$124.89 |
-0.102% |
— |
— |
+17.7% 多付 |
|
0.072% |
+1.97% |
$70.5M |
$41.3M |
| SNDKSanDisk |
$1,990.6 |
$1,989.6 |
-0.051% |
— |
— |
-13.2% 空付 |
|
0.046% |
-0.13% |
$66.3M |
$55.2M |
| MUMicron |
$984.44 |
$984.18 |
-0.038% |
— |
— |
+0.7% 多付 |
|
0.036% |
-2.55% |
$58.8M |
$212.3M |
| TSLATesla |
$406.06 |
$406.3 |
+0.069% |
+0.04% |
+0.03% |
+39.8% 多付 |
|
0.032% |
+2.36% |
$38.7M |
$31.7M |
| NVDANVIDIA |
$204.9 |
$204.79 |
-0.102% |
-0.45% |
+0.35% |
-0.9% 空付 |
|
0.038% |
-0.41% |
$29.7M |
$158.6M |
| AMDAMD |
$513.34 |
$513.06 |
-0.082% |
— |
— |
+5.5% 多付 |
|
0.095% |
-0.50% |
$27.8M |
$15.6M |
| MRVLMarvell |
$279.38 |
$279.28 |
-0.016% |
— |
— |
-5.8% 空付 |
|
0.038% |
+0.11% |
$21.3M |
$57.8M |
| MSTRMicroStrategy |
$125.71 |
$125.82 |
+0.136% |
+1.17% |
-1.03% |
+16.4% 多付 |
|
0.084% |
+4.23% |
$12.6M |
$24.0M |
| ORCLOracle |
$183.79 |
$183.88 |
+0.055% |
— |
— |
+5.5% 多付 |
|
0.030% |
+1.55% |
$10.7M |
$15.0M |
| GOOGLAlphabet |
$360.57 |
$360.57 |
-0.005% |
-0.22% |
+0.22% |
+5.5% 多付 |
|
0.062% |
-0.07% |
$10.6M |
$62.7M |
| RKLBRocket Lab |
$103.02 |
$103.07 |
+0.048% |
— |
— |
+23.6% 多付 |
|
0.166% |
-2.95% |
$9.3M |
$7.1M |
| CRWVCoreWeave |
$100.59 |
$100.55 |
-0.015% |
— |
— |
+5.5% 多付 |
|
0.143% |
+1.36% |
$9.0M |
$9.9M |
| CRCLCircle |
$79.56 |
$79.467 |
-0.106% |
+1.50% |
-1.61% |
-76.1% 空付 |
|
0.059% |
-0.04% |
$8.2M |
$31.4M |
| CBRSCoreCard |
$216.07 |
$215.59 |
-0.229% |
— |
— |
-72.8% 空付 |
|
0.138% |
+1.65% |
$8.0M |
$32.7M |
| MSFTMicrosoft |
$390.49 |
$390.52 |
+0.026% |
-0.34% |
+0.37% |
+8.0% 多付 |
|
0.066% |
+1.53% |
$7.9M |
$40.3M |
| ARMArm |
$382.79 |
$382.33 |
-0.180% |
— |
— |
-98.1% 空付 |
|
0.173% |
+3.33% |
$5.6M |
$4.7M |
| AMZNAmazon |
$238.42 |
$238.36 |
-0.024% |
-0.25% |
+0.23% |
+5.5% 多付 |
|
0.078% |
+0.82% |
$5.3M |
$18.2M |
| PURRDATPURRDAT |
$8.699 |
$8.743 |
+0.961% |
— |
— |
+171.0% 多付 |
|
1.261% |
+0.40% |
$4.9M |
$5.9M |
| HOODRobinhood |
$93.242 |
$93.332 |
+0.105% |
+0.26% |
-0.16% |
+17.3% 多付 |
|
0.063% |
+1.22% |
$4.7M |
$12.3M |
| LITELumentum |
$920.5 |
$920.5 |
-0.033% |
— |
— |
+5.5% 多付 |
— |
0.064% |
+0.18% |
$4.2M |
$9.0M |
| METAMeta |
$570.87 |
$570.87 |
+0.004% |
+0.22% |
-0.22% |
+5.5% 多付 |
— |
0.051% |
+1.16% |
$4.0M |
$17.0M |
| NBISNebius |
$230.81 |
$229.71 |
-0.414% |
— |
— |
-168.7% 空付 |
— |
0.711% |
-2.29% |
$3.9M |
$5.5M |
| PLTRPalantir |
$128.23 |
$128.23 |
+0.012% |
— |
— |
+5.5% 多付 |
— |
0.039% |
-0.23% |
$3.6M |
$12.4M |
| AAPLApple |
$290.78 |
$290.64 |
-0.057% |
-0.63% |
+0.57% |
-2.9% 空付 |
— |
0.095% |
-0.54% |
$2.9M |
$11.9M |
| BBBlackBerry |
$9.249 |
$9.264 |
+0.196% |
— |
— |
+85.2% 多付 |
— |
0.161% |
+0.70% |
$2.4M |
$17.9M |
| TSMTSMC |
$424.47 |
$424.1 |
-0.084% |
— |
— |
-43.4% 空付 |
— |
0.140% |
+0.51% |
$1.5M |
$8.2M |
| COINCoinbase |
$161.56 |
$161.76 |
+0.138% |
+1.14% |
-1.00% |
+26.1% 多付 |
— |
0.129% |
+1.07% |
$1.4M |
$5.2M |
| USARUSA Rare Earth |
$22.018 |
$21.991 |
-0.174% |
— |
— |
-45.4% 空付 |
— |
0.394% |
-2.68% |
$1.1M |
$1.2M |
| AVGOBroadcom |
$382.28 |
$382.33 |
-0.112% |
— |
— |
-9.5% 空付 |
— |
0.502% |
+0.26% |
$1.0M |
$2.8M |
| RIVNRivian |
$16.768 |
$16.738 |
-0.143% |
— |
— |
-76.3% 空付 |
— |
0.586% |
+5.70% |
$1.0M |
$952K |
| BABAAlibaba |
$114.02 |
$114.06 |
+0.005% |
— |
— |
+5.5% 多付 |
— |
0.148% |
+1.88% |
$775K |
$3.6M |
| LLYEli Lilly |
$1,136.6 |
$1,138.2 |
+0.112% |
— |
— |
+65.9% 多付 |
— |
0.407% |
-1.33% |
$768K |
$3.9M |
| HIMSHims |
$26.886 |
$26.903 |
+0.076% |
— |
— |
+20.9% 多付 |
— |
1.095% |
-1.67% |
$688K |
$2.5M |
| QNTQuantinuum |
$55.583 |
$55.84 |
+0.452% |
— |
— |
+211.6% 多付 |
— |
0.749% |
+0.72% |
$667K |
$1.4M |
| DELLDell |
$396.68 |
$396.87 |
+0.028% |
— |
— |
+20.2% 多付 |
— |
0.237% |
-1.15% |
$588K |
$1.4M |
| NOWServiceNow |
$102.35 |
$102.55 |
+0.072% |
— |
— |
+37.9% 多付 |
— |
0.859% |
+2.38% |
$358K |
$733K |
| DKNGDraftKings |
$28.536 |
$28.553 |
-0.350% |
— |
— |
-158.5% 空付 |
— |
1.169% |
-1.65% |
$304K |
$188K |
| ASMLASML |
$1,856.7 |
$1,856.7 |
+0.094% |
— |
— |
+39.3% 多付 |
— |
0.886% |
-0.61% |
$299K |
$845K |
| XLEEnergy Select Sector SPDR Fund |
$57.947 |
$57.828 |
-0.245% |
— |
— |
-145.8% 空付 |
— |
0.494% |
+0.21% |
$193K |
$506K |
| GMEGameStop |
$21.953 |
$21.956 |
+0.056% |
— |
— |
+14.3% 多付 |
— |
0.652% |
+0.58% |
$184K |
$1.9M |
| NFLXNetflix |
$80.326 |
$80.274 |
-0.077% |
— |
— |
-14.3% 空付 |
— |
0.186% |
+0.88% |
$172K |
$2.5M |
| ZMZoom |
$95.891 |
$95.169 |
-0.531% |
— |
— |
-278.5% 空付 |
— |
0.999% |
+2.76% |
$161K |
$605K |
| IBMIBM |
$272.72 |
$272.43 |
-0.079% |
— |
— |
-18.2% 空付 |
— |
0.335% |
+0.30% |
$156K |
$1.5M |
| BXBlackstone |
$125.03 |
$125.03 |
+0.196% |
— |
— |
+5.5% 多付 |
— |
0.828% |
+0.73% |
$83K |
$147K |
| WDCWestern Digital |
$559.73 |
$560.84 |
+0.068% |
— |
— |
+109.8% 多付 |
— |
0.869% |
-1.40% |
$67K |
$55K |
| URNMURNM |
$54.207 |
$54.334 |
+0.157% |
— |
— |
+69.7% 多付 |
— |
0.939% |
-1.06% |
$52K |
$827K |
| BIRDBIRD |
$3.8 |
$3.81 |
+0.128% |
— |
— |
+53.5% 多付 |
— |
1.344% |
-0.76% |
$35K |
$150K |
| COSTCostco |
$981.53 |
$982.51 |
+0.056% |
— |
— |
+10.1% 多付 |
— |
1.770% |
+0.84% |
$6K |
$222K |
| EBAYeBay |
$108.63 |
$108.22 |
-0.364% |
— |
— |
-187.0% 空付 |
— |
1.092% |
-0.46% |
$5K |
$68K |
| MINIMAXMINIMAX |
$100 |
$100 |
0.000% |
— |
— |
0.0% |
— |
— |
0.00% |
$0 |
$0 |
| NOKNOK |
$13.3 |
$13.3 |
0.000% |
— |
— |
0.0% |
— |
— |
0.00% |
$0 |
$0 |
| SMHVanEck Semiconductor ETF |
$610 |
$610 |
0.000% |
— |
— |
0.0% |
— |
— |
0.00% |
$0 |
$0 |
链上美股盘口