链上美股盘口
𝕏TG

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 92 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。

盘后交易距下次开盘 15 小时 6 分 · 美股没开，但链上还在定价——这段时间的价差最值得看
覆盖美股
92
永续 24h 成交额
$1.89B
未平仓 OI
$2.37B
全市场加权溢价
+0.01%
平均资金费(年化)
+7.3%
更新于
3 分钟前
🔺 永续溢价最高
+0.17%
MicroStrategy（MSTR）链上买盘把价格顶到真股之上
🔻 折价最深
-0.06%
Microsoft（MSFT）链上比真股更便宜
💸 资金费最贵(年化)
+68%
BlackBerry · 做多每小时倒贴空头
⚖️ 跨场价差最大
-1.32%
GameStop · 永续与现货定价分歧，潜在套利
Pre-IPO 私司 · 市场隐含估值看全部与风险提示 →
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 $7,689.4 $7,689.8 +0.005% — — +5.5% 多付 0.001% -0.42% $387.3M $346.3M
XYZ100指数纳斯达克100 $30,318 $30,328 +0.031% — — +5.5% 多付 0.003% -0.73% $288.6M $197.8M
METAMeta $718.2 $718.23 +0.006% -0.02% +0.03% +5.5% 多付 0.003% -4.06% $133.9M $79.4M
NVDANVIDIA $229.3 $229.27 -0.013% +0.03% -0.04% +4.7% 多付 0.008% +2.05% $117.0M $144.2M
SPCXSpaceX(trade.xyz) $146 $146 -0.014% — — +5.5% 多付 0.013% -2.30% $111.3M $119.4M
SOXLSOXL $142.41 $142.37 -0.035% — — +5.5% 多付 0.021% -4.83% $98.9M $21.2M
SNDKSanDisk $1,713.1 $1,713.8 +0.038% — — +6.0% 多付 0.006% -3.53% $85.8M $118.5M
INTCIntel $116.12 $116.14 +0.025% +0.24% -0.22% +5.5% 多付 0.015% -6.20% $76.6M $104.4M
MUMicron $1,055 $1,055.3 +0.032% — — +10.6% 多付 0.020% -3.20% $75.7M $159.4M
SKHYSKHY $182.42 $182.39 -0.032% — — +5.5% 多付 0.008% -4.65% $65.1M $193.0M
CRCLCircle $85.378 $85.453 +0.098% +0.05% +0.05% +8.1% 多付 0.022% -4.14% $42.7M $114.2M
AMDAMD $609.36 $609.64 +0.036% — — +6.9% 多付 0.027% -3.34% $38.6M $16.0M
CXMTCXMT $8.164 $8.164 -0.029% — — +5.5% 多付 0.075% -6.12% $32.8M $35.0M
TSLATesla $358.16 $358.38 +0.064% -0.02% +0.08% +19.7% 多付 0.015% -3.90% $25.2M $49.3M
AAPLApple $338.6 $338.46 -0.052% +0.11% -0.16% -4.0% 空付 0.013% -0.31% $24.1M $36.0M
BBBlackBerry $8.73 $8.733 +0.010% — — +68.2% 多付 0.110% +6.62% $22.5M $13.8M
GOOGLAlphabet $342.57 $342.63 +0.016% -0.04% +0.06% +5.5% 多付 0.008% -0.28% $20.6M $109.5M
KORUKORU $20.519 $20.509 -0.065% — — +5.5% 多付 0.083% -4.30% $18.1M $3.0M
MSFTMicrosoft $510.34 $510.28 -0.056% -0.01% -0.05% +5.5% 多付 0.012% -1.12% $16.1M $23.0M
MSTRMicroStrategy $156.5 $156.61 +0.173% +0.35% -0.18% +10.9% 多付 0.035% -2.86% $15.0M $51.2M
NBISNebius $232.04 $232.1 +0.031% — — +5.5% 多付 0.044% -2.73% $14.0M $31.1M
HOODRobinhood $115.9 $115.92 +0.006% -0.11% +0.12% +5.5% 多付 0.030% -2.51% $13.4M $35.1M
RKLBRocket Lab $72.07 $72.151 +0.131% — — +42.9% 多付 — 0.056% -2.91% $11.8M $17.5M
ORCLOracle $132.36 $132.44 +0.063% — — +19.7% 多付 — 0.036% -3.38% $11.6M $28.3M
AMZNAmazon $246.33 $246.44 +0.038% +0.07% -0.03% +6.5% 多付 — 0.023% -1.11% $11.3M $27.8M
UNITREEUNITREE $68.647 $68.61 -0.068% — — -29.6% 空付 — 0.069% -6.45% $10.7M $20.1M
MRVLMarvell $251.72 $251.87 +0.095% — — +5.5% 多付 — 0.016% -3.94% $10.4M $11.7M
COINCoinbase $191.35 $191.39 +0.072% -0.04% +0.11% +5.5% 多付 — 0.031% -2.48% $9.5M $12.0M
CBRSCoreCard $198.25 $198.25 -0.001% — — -8.1% 空付 — 0.042% -3.92% $8.1M $40.7M
PLTRPalantir $188.09 $188.08 -0.015% -0.26% +0.24% -2.7% 空付 — 0.034% -0.81% $6.7M $12.4M
PURRDATPURRDAT $12.03 $12.058 +0.216% — — +30.1% 多付 — 0.189% -5.84% $5.9M $16.3M
LITELumentum $916.51 $916.78 +0.038% — — +5.5% 多付 — 0.041% -2.45% $5.1M $10.2M
CRWVCoreWeave $84.905 $84.88 -0.040% — — -5.0% 空付 — 0.045% -2.86% $4.7M $7.2M
LLYEli Lilly $1,187 $1,187.2 +0.031% — — +5.5% 多付 — 0.049% +0.34% $4.5M $11.1M
MRNAMRNA $197.32 $197.38 +0.027% — — +5.5% 多付 — 0.063% +0.62% $4.4M $2.1M
BEBE $264.79 $265.06 +0.170% — — +48.7% 多付 — 0.060% -8.24% $4.4M $6.3M
GMEGameStop $23.97 $23.994 +0.127% +1.45% -1.32% +46.6% 多付 — 0.065% +2.00% $4.1M $2.8M
ARMArm $284.63 $284.86 +0.068% — — +31.6% 多付 — 0.037% -8.71% $4.0M $5.8M
ZHIPUZHIPU $78.822 $78.795 -0.071% — — +1.5% 多付 — 0.061% -2.48% $3.2M $22.2M
TSMTSMC $452.25 $452.5 +0.057% — — +9.5% 多付 — 0.047% +0.13% $3.0M $8.8M
AVGOBroadcom $349.76 $349.98 +0.069% — — +16.8% 多付 — 0.045% -0.65% $2.9M $14.1M
MINIMAXMINIMAX $31.548 $31.531 -0.076% — — -26.9% 空付 — 0.052% -10.83% $2.8M $4.3M
WDCWestern Digital $452.68 $452.8 +0.030% — — +8.4% 多付 — 0.074% -0.84% $2.4M $2.0M
DELLDell $543.33 $543.33 -0.015% — — +5.5% 多付 — 0.024% -3.69% $2.4M $6.2M
BABAAlibaba $108.75 $108.83 +0.090% — — +20.2% 多付 — 0.040% -1.22% $2.1M $12.3M
NFLXNetflix $69.245 $69.258 +0.030% — — +7.3% 多付 — 0.019% -2.41% $1.9M $6.0M
STRCSTRC $99.315 $99.186 -0.114% — — -65.5% 空付 — 0.055% +0.55% $1.9M $11.0M
IRENIREN $41.85 $41.878 +0.098% — — +8.7% 多付 — 0.087% -5.60% $1.9M $3.7M
AAOIAAOI $96.06 $96.132 +0.130% — — +39.0% 多付 — 0.117% -5.44% $1.9M $1.9M
QCOMQCOM $187.69 $187.72 +0.017% — — +18.4% 多付 — 0.078% -7.83% $1.8M $5.9M
USARUSA Rare Earth $14.51 $14.52 +0.080% — — +15.8% 多付 — 0.114% -4.92% $1.3M $4.3M
QNTQuantinuum $49.561 $49.361 -0.294% — — -238.0% 空付 — 0.576% +0.55% $1.3M $1.4M
HIMSHims $28.775 $28.772 -0.028% — — +5.5% 多付 — 0.135% -1.36% $1.2M $3.0M
AMATAMAT $485.48 $485.62 +0.033% — — +5.5% 多付 — 0.071% +0.36% $1.2M $2.1M
NOKNOK $10.095 $10.099 +0.026% — — +19.3% 多付 — 0.071% -2.77% $1.1M $1.7M
SMHVanEck Semiconductor ETF $600.42 $600.62 +0.030% — — +5.5% 多付 — 0.120% -1.46% $1.0M $3.2M
GIGADEVGIGADEV $52.465 $52.357 +0.231% — — +105.1% 多付 — 1.017% -7.71% $870K $742K
SHEINSHEIN $4.538 $4.528 -0.109% — — -65.6% 空付 — 0.874% -0.75% $805K $668K
URNMURNM $47.76 $47.898 +0.274% — — +111.1% 多付 — 0.379% -3.18% $689K $1.6M
COSTCostco $922.25 $921.86 -0.043% — — -5.7% 空付 — 0.071% -0.29% $638K $696K
CRWDCrowdStrike $259.79 $260.03 +0.068% — — +19.1% 多付 — 0.180% +1.85% $598K $1.2M
BMNRBMNR $26.84 $26.88 +0.165% — — +63.6% 多付 — 0.121% -2.55% $587K $3.2M
NETNET $354.23 $354.23 -0.157% — — -63.8% 空付 — 0.646% +1.94% $575K $594K
ASMLASML $1,770.1 $1,770.1 -0.019% — — +5.5% 多付 — 0.050% +1.61% $556K $2.4M
NOWServiceNow $131.08 $131.19 +0.109% — — +32.9% 多付 — 0.197% -3.20% $522K $1.7M
IBMIBM $220.9 $220.9 +0.019% — — +5.5% 多付 — 0.063% -2.36% $430K $1.7M
SNXXSNXX $16.255 $16.263 +0.086% — — +30.2% 多付 — 0.196% -6.91% $374K $177K
BOTBOT $27.076 $27.017 -0.416% — — -33.5% 空付 — 0.427% -7.32% $341K $2.7M
ZMZoom $87.601 $87.411 -0.256% — — -124.4% 空付 — 0.424% -2.87% $321K $419K
NCLDNCLD $23.837 $23.648 -0.789% — — -64.8% 空付 — 1.530% -3.93% $304K $519K
TLTTLT $78.655 $78.674 +0.047% — — +78.8% 多付 — 0.232% -0.57% $304K $1.0M
DKNGDraftKings $21.159 $21.149 -0.033% — — +5.5% 多付 — 0.095% -4.30% $287K $925K
XLEEnergy Select Sector SPDR Fund $62.11 $62.112 +0.001% — — +5.5% 多付 — 0.073% +0.13% $268K $1.6M
BXBlackstone $114.66 $114.87 +0.148% — — +47.5% 多付 — 0.183% -2.64% $250K $590K
EBAYeBay $107.53 $107.74 +0.149% — — +54.0% 多付 — 0.575% -0.75% $239K $218K
OURAOURA $47.448 $47.298 -0.238% — — -1.2% 空付 — 0.915% -4.99% $220K $533K
RIVNRivian $14.835 $14.845 +0.070% — — +14.6% 多付 — 0.167% -3.40% $132K $524K
SHAZSHAZ $52.907 $52.981 +0.152% — — +40.1% 多付 — 0.314% -3.53% $126K $581K
RDDTRDDT $144 $144.07 +0.034% — — +5.5% 多付 — 0.232% -4.08% $125K $246K
MAGSMAGS $71.915 $71.841 -0.074% — — +5.5% 多付 — 0.944% -1.40% $119K $799K
XBIXBI $156.81 $156.94 -0.029% — — +9.2% 多付 — 0.724% +1.28% $110K $70K
LYTELYTE $23.907 $23.907 +0.104% — — +29.8% 多付 — 0.317% -6.53% $102K $440K
BIRDBIRD $2.33 $2.334 +0.242% — — +66.0% 多付 — 1.831% -0.36% $95K $75K
GEVGEV $948.21 $947.69 -0.064% — — +5.5% 多付 — 0.209% -0.98% $92K $426K
CVXChevron $206.35 $206.35 -0.170% — — -69.8% 空付 — 1.198% -0.31% $56K $74K
KSTRKSTR $22.588 $22.602 +0.144% — — +52.5% 多付 — 0.634% -4.78% $27K $38K
IBIDENIBIDEN $70.58 $70.58 0.000% — — 0.0% — — 0.00% $0 $0
YMTCYMTC $10 $10 0.000% — — 0.0% — — 0.00% $0 $0
HOHO $4.88 $4.88 0.000% — — 0.0% — — 0.00% $0 $0
LRCXLRCX $300.13 $300.13 0.000% — — 0.0% — — 0.00% $0 $0
UMCUMC $24.31 $24.31 0.000% — — 0.0% — — 0.00% $0 $0
CAMBRICONCAMBRICON $151.5 $151.5 0.000% — — 0.0% — — 0.00% $0 $0