链上美股盘口
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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。

盘前交易距下次开盘 2 小时 53 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
73
永续 24h 成交额
$2.68B
未平仓 OI
$2.38B
全市场加权溢价
+0.01%
平均资金费(年化)
+21.0%
更新于
2 分钟前
🔺 永续溢价最高
+0.21%
CoreCard（CBRS）链上买盘把价格顶到真股之上
🔻 折价最深
-0.09%
CoreWeave（CRWV）链上比真股更便宜
💸 资金费最贵(年化)
+47%
Coinbase · 做多每小时倒贴空头
⚖️ 跨场价差最大
+0.53%
Robinhood · 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
SNDKSanDisk $1,290 $1,290.5 +0.069% — — +8.2% 多付 0.017% +5.64% $496.3M $141.1M
SPCXSpaceX(trade.xyz) $116.75 $116.72 -0.030% — — -2.3% 空付 0.025% +6.15% $439.6M $206.5M
SP500指数标普500 $7,721.4 $7,718.6 -0.036% — — -4.7% 空付 0.003% -0.17% $349.6M $465.7M
MUMicron $892.47 $892.65 +0.034% — — +5.5% 多付 0.012% +4.57% $331.8M $200.7M
XYZ100指数纳斯达克100 $29,498 $29,509 +0.039% — — +5.5% 多付 0.003% +0.51% $331.5M $208.3M
SKHYSKHY $141.87 $141.82 -0.032% — — -23.5% 空付 0.008% +0.45% $145.2M $114.7M
INTCIntel $100.71 $100.74 +0.044% — — +18.6% 多付 0.043% +1.16% $106.3M $59.6M
NVDANVIDIA $219.44 $219.53 +0.047% +0.11% -0.06% +11.1% 多付 0.019% +0.10% $62.3M $164.5M
GOOGLAlphabet $358.14 $358.3 +0.039% +0.21% -0.17% +12.4% 多付 0.025% -1.64% $45.4M $121.5M
METAMeta $587.53 $587.87 +0.076% — — +5.5% 多付 0.027% -1.05% $28.8M $45.7M
CRCLCircle $64.225 $64.254 +0.046% +0.12% -0.07% +12.6% 多付 0.033% +3.20% $28.4M $47.1M
MSFTMicrosoft $497.26 $497.08 -0.041% +0.06% -0.10% -7.2% 空付 0.029% +2.29% $27.8M $54.3M
AAPLApple $311.76 $311.76 +0.006% +0.05% -0.04% +5.5% 多付 0.032% -0.62% $23.7M $36.7M
AMDAMD $492.78 $492.75 -0.003% — — -1.2% 空付 0.038% +3.59% $23.4M $14.0M
MRVLMarvell $216.28 $216.34 +0.030% — — +8.7% 多付 0.036% +3.99% $21.9M $30.1M
NBISNebius $197.09 $197.1 +0.046% — — +5.5% 多付 0.060% -6.67% $18.7M $29.6M
CXMTCXMT $7.343 $7.343 -0.084% — — -3.5% 空付 0.074% +0.92% $17.1M $66.6M
TSLATesla $321.34 $321.41 +0.017% -0.11% +0.13% +5.5% 多付 0.022% -0.03% $16.6M $36.9M
ORCLOracle $144.6 $144.62 +0.027% — — +5.5% 多付 0.050% +3.02% $14.4M $48.8M
MINIMAXMINIMAX $42.34 $42.477 +0.385% — — +470.3% 多付 0.380% +13.38% $13.8M $11.8M
UNITREEUNITREE $88.628 $87.749 -0.954% — — -7.8% 空付 0.670% +21.54% $12.0M $6.7M
CBRSCoreCard $213.5 $213.87 +0.205% — — +37.7% 多付 0.042% +0.82% $11.5M $47.3M
AMZNAmazon $273.91 $273.9 +0.003% -0.44% +0.44% +5.5% 多付 — 0.026% -0.25% $10.5M $27.3M
ZHIPUZHIPU $157.71 $157.45 -0.263% — — +5.5% 多付 — 0.336% +15.12% $9.3M $5.0M
LITELumentum $876.72 $876.28 -0.063% — — +5.5% 多付 — 0.056% +5.67% $8.5M $5.4M
WDCWestern Digital $459.17 $459.17 +0.001% — — +5.5% 多付 — 0.139% +4.18% $7.7M $2.3M
COINCoinbase $147.33 $147.47 +0.083% -0.02% +0.10% +47.1% 多付 — 0.052% -1.95% $7.5M $12.9M
MSTRMicroStrategy $98.425 $98.425 -0.016% -0.16% +0.14% +5.5% 多付 — 0.038% +0.38% $7.2M $21.6M
PLTRPalantir $157.57 $157.53 -0.047% -0.05% 0.00% +5.5% 多付 — 0.042% +0.38% $6.5M $8.5M
DELLDell $446.01 $446.33 +0.073% — — +5.5% 多付 — 0.080% -2.85% $5.0M $3.7M
BEBE $238.4 $238.65 +0.105% — — +72.3% 多付 — 0.091% +4.04% $4.8M $3.0M
CRWVCoreWeave $87.125 $87.092 -0.088% — — +5.5% 多付 — 0.080% -0.82% $3.9M $4.7M
HOODRobinhood $91.725 $91.774 +0.086% -0.44% +0.53% +25.5% 多付 — 0.052% -1.01% $3.7M $15.5M
RKLBRocket Lab $78.51 $78.584 +0.114% — — +5.6% 多付 — 0.097% +4.98% $3.6M $4.8M
TSMTSMC $420.6 $420.61 +0.024% — — +5.5% 多付 — 0.048% +1.90% $3.3M $15.2M
ARMArm $288.88 $289.14 +0.108% — — +5.5% 多付 — 0.019% +6.73% $3.1M $3.5M
PURRDATPURRDAT $6.792 $6.796 +0.049% — — +5.5% 多付 — 0.567% +1.23% $2.0M $5.8M
STRCSTRC $94.6 $94.414 -0.301% — — -61.4% 空付 — 0.002% +0.25% $1.9M $14.0M
BBBlackBerry $8.89 $8.878 -0.102% — — +2.3% 多付 — 0.097% +1.93% $1.9M $11.6M
SHAZSHAZ $55.441 $55.238 -0.359% — — -101.1% 空付 — 0.793% -1.83% $1.9M $3.6M
BABAAlibaba $126.64 $126.61 -0.024% — — +5.5% 多付 — 0.062% -0.38% $1.7M $9.1M
NFLXNetflix $73.42 $73.407 -0.037% — — +5.5% 多付 — 0.093% -1.37% $1.4M $4.2M
IBMIBM $234.6 $234.6 -0.039% — — +5.5% 多付 — 0.125% -0.09% $1.4M $2.4M
KORUKORU $17.169 $17.169 -0.026% — — +5.5% 多付 — 0.202% +5.68% $1.3M $187K
NOWServiceNow $121.46 $121.46 +0.047% — — +53.9% 多付 — 0.224% +6.07% $1.3M $1.7M
HIMSHims $30.065 $30.065 -0.070% — — +72.3% 多付 — 0.272% -3.05% $1.3M $3.4M
LLYEli Lilly $1,193 $1,194.1 +0.072% — — +12.7% 多付 — 0.082% +0.93% $1.2M $4.5M
LYTELYTE $25.95 $26.099 +1.562% — — +842.9% 多付 — 3.040% -6.79% $1.2M $961K
USARUSA Rare Earth $18.41 $18.419 +0.023% — — +42.8% 多付 — 0.227% +6.78% $1.2M $1.4M
ASMLASML $1,738.9 $1,738.9 +0.017% — — +5.5% 多付 — 0.050% +2.15% $1.1M $1.5M
XLEEnergy Select Sector SPDR Fund $57.995 $58.06 +0.183% — — +78.6% 多付 — 0.142% +0.54% $1.0M $2.1M
SMHVanEck Semiconductor ETF $577.67 $576.83 -0.188% — — -44.3% 空付 — 0.124% +1.40% $963K $1.6M
AVGOBroadcom $422.61 $422.81 +0.033% +1.00% -0.97% +12.6% 多付 — 0.070% +0.81% $826K $2.9M
DKNGDraftKings $21.54 $21.531 -0.035% — — -5.4% 空付 — 0.351% -1.16% $747K $569K
BOTBOT $28.11 $28.214 +0.575% — — +253.8% 多付 — 0.819% +2.91% $617K $3.9M
AMATAMAT $532.56 $532.61 +0.015% — — +5.5% 多付 — 0.269% -0.59% $572K $703K
NOKNOK $9.49 $9.492 +0.085% — — +39.3% 多付 — 0.133% -1.14% $567K $1.1M
QNTQuantinuum $58.847 $58.69 -0.283% — — -204.0% 空付 — 0.433% +1.57% $450K $1.4M
GIGADEVGIGADEV $61.211 $60.607 -0.637% — — -244.7% 空付 — 1.904% +6.06% $405K $2.3M
QCOMQCOM $161.18 $161.3 +0.062% — — +30.3% 多付 — 0.103% +2.75% $379K $3.6M
SOXLSOXL $136.26 $136.26 -0.012% — — +5.5% 多付 — 0.155% +0.93% $357K $129K
NCLDNCLD $22.943 $23.154 +1.512% — — +574.5% 多付 — 4.319% -1.27% $294K $19K
GMEGameStop $19.21 $19.198 -0.059% — — -9.5% 空付 — 0.187% +0.94% $185K $1.3M
URNMURNM $53.282 $53.283 +0.323% — — +154.4% 多付 — 0.644% +1.40% $184K $1.2M
EBAYeBay $110.24 $110.17 -0.036% — — +1.7% 多付 — 0.595% -1.64% $179K $326K
BIRDBIRD $2.398 $2.357 -1.406% — — -992.4% 空付 — 2.858% +1.14% $172K $106K
ZMZoom $101.8 $101.81 +0.016% — — +10.6% 多付 — 0.519% +1.58% $161K $376K
BXBlackstone $133.66 $133.77 +0.093% — — +24.4% 多付 — 0.096% -1.76% $137K $580K
RIVNRivian $15.51 $15.51 +0.056% — — +17.8% 多付 — 0.383% -0.37% $116K $684K
COSTCostco $947.44 $947.63 +0.091% — — +5.5% 多付 — 0.230% -0.33% $76K $276K
GEVGEV $1,012 $1,013.6 +0.178% — — +109.5% 多付 — 1.311% -0.80% $19K $26K
IBIDENIBIDEN $121.7 $121.7 0.000% — — 0.0% — — 0.00% $0 $0
KSTRKSTR $25.145 $25.145 0.000% — — 0.0% — — 0.00% $0 $0