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 43 小时 52 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
+0.44%
Rocket Lab（RKLB）链上买盘把价格顶到真股之上
🔻 折价最深
-0.36%
Nebius（NBIS）链上比真股更便宜
💸 资金费最贵(年化)
-146%
CoreWeave · 做空每小时倒贴多头
⚖️ 跨场价差最大
-1.32%
Circle · 永续与现货定价分歧，潜在套利
OpenAI
市场隐含估值$1.18T
永续溢价+15.28%
资金费(年化)+49.7%
Anthropic
市场隐含估值$1.45T
永续溢价+14.07%
资金费(年化)+47.1%
SpaceX
市场隐含估值$2.10T
永续溢价0.00%
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) |
$164.92 |
$164.79 |
-0.081% |
— |
— |
-120.0% 空付 |
|
0.017% |
-4.49% |
$388.6M |
$214.8M |
| XYZ100指数纳斯达克100 |
$29,613 |
$29,582 |
-0.094% |
— |
— |
-53.8% 空付 |
|
0.017% |
-0.30% |
$134.8M |
$391.1M |
| SP500指数标普500 |
$7,438.2 |
$7,430.5 |
-0.111% |
— |
— |
-63.9% 空付 |
|
0.015% |
-0.02% |
$113.2M |
$376.4M |
| INTCIntel |
$125.13 |
$125.07 |
-0.029% |
— |
— |
-100.0% 空付 |
|
0.039% |
-1.49% |
$36.3M |
$41.5M |
| MUMicron |
$983.67 |
$982.71 |
-0.105% |
— |
— |
-49.2% 空付 |
|
0.027% |
-1.71% |
$36.2M |
$211.9M |
| SNDKSanDisk |
$1,992.4 |
$1,992.7 |
+0.015% |
— |
— |
+5.5% 多付 |
|
0.037% |
-0.51% |
$30.5M |
$55.3M |
| AMDAMD |
$512.82 |
$512.5 |
-0.098% |
— |
— |
-103.0% 空付 |
|
0.107% |
-1.41% |
$16.9M |
$15.6M |
| NVDANVIDIA |
$204.93 |
$204.89 |
-0.015% |
-0.31% |
+0.29% |
-8.4% 空付 |
|
0.028% |
-0.11% |
$12.7M |
$158.7M |
| TSLATesla |
$406.79 |
$406.3 |
-0.129% |
0.00% |
-0.13% |
-77.1% 空付 |
|
0.025% |
+1.15% |
$12.5M |
$31.9M |
| MRVLMarvell |
$278.92 |
$279.32 |
+0.167% |
— |
— |
-31.1% 空付 |
|
0.037% |
-2.64% |
$9.7M |
$58.1M |
| MSTRMicroStrategy |
$125.78 |
$125.96 |
+0.162% |
+1.34% |
-1.18% |
+5.5% 多付 |
|
0.087% |
+2.12% |
$5.0M |
$24.1M |
| GOOGLAlphabet |
$360.87 |
$360.44 |
-0.145% |
+0.09% |
-0.23% |
-28.1% 空付 |
|
0.057% |
-0.33% |
$4.6M |
$62.7M |
| CRCLCircle |
$79.466 |
$79.593 |
+0.174% |
+1.49% |
-1.32% |
+5.5% 多付 |
|
0.058% |
+0.80% |
$4.6M |
$31.6M |
| CRWVCoreWeave |
$100.51 |
$100.36 |
-0.168% |
— |
— |
-145.9% 空付 |
|
0.166% |
-4.15% |
$4.3M |
$10.0M |
| ORCLOracle |
$183.86 |
$183.47 |
-0.287% |
— |
— |
-61.8% 空付 |
|
0.079% |
+0.71% |
$3.2M |
$15.1M |
| NBISNebius |
$229.12 |
$228.45 |
-0.357% |
— |
— |
-104.7% 空付 |
|
0.463% |
-4.36% |
$3.2M |
$5.3M |
| RKLBRocket Lab |
$102.97 |
$103.36 |
+0.442% |
— |
— |
+32.8% 多付 |
|
0.110% |
-1.91% |
$3.1M |
$7.1M |
| MSFTMicrosoft |
$389.91 |
$389.45 |
-0.115% |
-0.37% |
+0.26% |
-49.6% 空付 |
|
0.053% |
+0.65% |
$2.8M |
$40.2M |
| HOODRobinhood |
$93.303 |
$93.32 |
+0.041% |
+0.09% |
-0.05% |
-28.1% 空付 |
|
0.091% |
+1.11% |
$2.5M |
$12.3M |
| PURRDATPURRDAT |
$8.785 |
$8.783 |
-0.078% |
— |
— |
-165.8% 空付 |
|
0.887% |
-2.64% |
$2.4M |
$6.0M |
| CBRSCoreCard |
$214.81 |
$214.9 |
+0.054% |
— |
— |
-20.4% 空付 |
|
0.096% |
-1.26% |
$2.3M |
$32.6M |
| AMZNAmazon |
$238.78 |
$238.55 |
-0.097% |
-0.40% |
+0.30% |
-36.5% 空付 |
|
0.075% |
+0.68% |
$2.2M |
$18.3M |
| ARMArm |
$382.85 |
$382.49 |
-0.161% |
— |
— |
-72.9% 空付 |
— |
0.227% |
+1.48% |
$2.1M |
$4.7M |
| METAMeta |
$570.08 |
$569.71 |
-0.087% |
— |
— |
-18.8% 空付 |
— |
0.080% |
+0.50% |
$1.9M |
$16.8M |
| AAPLApple |
$290.79 |
$290.29 |
-0.176% |
-0.48% |
+0.30% |
-21.1% 空付 |
— |
0.104% |
-0.44% |
$1.7M |
$12.0M |
| LITELumentum |
$922.52 |
$921.1 |
-0.183% |
— |
— |
-67.1% 空付 |
— |
0.069% |
-1.15% |
$1.7M |
$9.0M |
| PLTRPalantir |
$128.33 |
$128.27 |
-0.064% |
— |
— |
-25.7% 空付 |
— |
0.091% |
+0.12% |
$1.2M |
$12.5M |
| TSMTSMC |
$424.35 |
$423.95 |
-0.116% |
— |
— |
-51.5% 空付 |
— |
0.143% |
-0.36% |
$1.2M |
$8.3M |
| COINCoinbase |
$161.72 |
$161.58 |
-0.088% |
+0.87% |
-0.96% |
-43.1% 空付 |
— |
0.080% |
+1.22% |
$1.2M |
$5.6M |
| BBBlackBerry |
$9.29 |
$9.323 |
+0.322% |
— |
— |
+195.9% 多付 |
— |
0.582% |
-0.21% |
$951K |
$18.0M |
| AVGOBroadcom |
$381.72 |
$381.17 |
-0.231% |
— |
— |
-121.9% 空付 |
— |
0.276% |
-0.09% |
$825K |
$2.8M |
| RIVNRivian |
$16.764 |
$16.732 |
-0.145% |
— |
— |
-103.0% 空付 |
— |
0.772% |
+2.75% |
$817K |
$952K |
| USARUSA Rare Earth |
$22.02 |
$21.987 |
-0.269% |
— |
— |
-242.7% 空付 |
— |
0.301% |
+0.31% |
$735K |
$1.5M |
| LLYEli Lilly |
$1,137.2 |
$1,139.1 |
+0.154% |
— |
— |
+71.7% 多付 |
— |
0.376% |
-0.57% |
$563K |
$3.9M |
| BABAAlibaba |
$114.08 |
$114.19 |
+0.080% |
— |
— |
+23.6% 多付 |
— |
0.196% |
+1.88% |
$458K |
$3.6M |
| QNTQuantinuum |
$55.464 |
$55.27 |
-0.544% |
— |
— |
-125.5% 空付 |
— |
0.470% |
+0.09% |
$406K |
$1.4M |
| DELLDell |
$395.44 |
$395.23 |
-0.081% |
— |
— |
-66.2% 空付 |
— |
0.281% |
-1.66% |
$297K |
$1.4M |
| NOWServiceNow |
$101.59 |
$101.45 |
-0.376% |
— |
— |
-205.2% 空付 |
— |
0.698% |
-0.26% |
$263K |
$724K |
| ASMLASML |
$1,860.4 |
$1,864.4 |
+0.264% |
— |
— |
+146.2% 多付 |
— |
0.728% |
-0.95% |
$210K |
$872K |
| HIMSHims |
$26.891 |
$26.972 |
+0.217% |
— |
— |
+93.2% 多付 |
— |
0.819% |
+0.22% |
$198K |
$2.5M |
| DKNGDraftKings |
$28.668 |
$28.669 |
+0.112% |
— |
— |
+44.7% 多付 |
— |
0.512% |
-1.79% |
$187K |
$189K |
| NFLXNetflix |
$80.056 |
$79.909 |
-0.163% |
— |
— |
-82.5% 空付 |
— |
0.312% |
-1.10% |
$169K |
$2.5M |
| GMEGameStop |
$22.202 |
$22.29 |
+0.376% |
— |
— |
+166.9% 多付 |
— |
0.897% |
+3.01% |
$166K |
$2.0M |
| XLEEnergy Select Sector SPDR Fund |
$57.883 |
$57.93 |
+0.052% |
— |
— |
+5.5% 多付 |
— |
0.310% |
+0.38% |
$143K |
$507K |
| ZMZoom |
$95.717 |
$95.717 |
-0.092% |
— |
— |
+5.5% 多付 |
— |
0.775% |
+2.75% |
$105K |
$616K |
| BXBlackstone |
$125.12 |
$124.95 |
-0.189% |
— |
— |
-82.3% 空付 |
— |
0.501% |
+1.14% |
$89K |
$156K |
| IBMIBM |
$272.76 |
$272.66 |
-0.034% |
— |
— |
-21.4% 空付 |
— |
0.394% |
-0.21% |
$83K |
$1.5M |
| WDCWestern Digital |
$559.68 |
$561.61 |
+0.365% |
— |
— |
+5.5% 多付 |
— |
0.770% |
-1.14% |
$64K |
$53K |
| URNMURNM |
$54.327 |
$54.37 |
+0.159% |
— |
— |
+38.3% 多付 |
— |
0.792% |
-0.93% |
$49K |
$827K |
| BIRDBIRD |
$3.8 |
$3.8 |
-0.114% |
— |
— |
+13.9% 多付 |
— |
1.807% |
+0.51% |
$30K |
$150K |
| EBAYeBay |
$108.35 |
$107.94 |
-0.277% |
— |
— |
-148.9% 空付 |
— |
0.917% |
-0.59% |
$10K |
$69K |
| COSTCostco |
$981.53 |
$984.09 |
+0.049% |
— |
— |
+5.5% 多付 |
— |
1.420% |
+0.52% |
$5K |
$222K |
| 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