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。

美股休市距下次开盘 5 小时 32 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
$731.2M
未平仓 OI
$2.48B
全市场加权溢价
-0.06%
平均资金费(年化)
-8.9%
更新于
3 分钟前
🔺 永续溢价最高
+0.15%
Nebius（NBIS）链上买盘把价格顶到真股之上
🔻 折价最深
-0.07%
SpaceX(trade.xyz)（SPCX）链上比真股更便宜
💸 资金费最贵(年化)
+71%
Lumentum · 做多每小时倒贴空头
⚖️ 跨场价差最大
+1.63%
Coinbase · 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
XYZ100指数纳斯达克100 $29,840 $29,834 -0.022% — — +5.5% 多付 0.003% +0.17% $195.2M $234.2M
SP500指数标普500 $7,769.2 $7,765.7 -0.046% — — -5.4% 空付 0.001% +0.01% $131.3M $480.7M
SPCXSpaceX(trade.xyz) $135.63 $135.58 -0.074% — — -11.4% 空付 0.015% -0.79% $82.3M $260.7M
MUMicron $885.01 $884.69 -0.030% — — -11.6% 空付 0.013% +0.35% $72.2M $179.8M
SNDKSanDisk $1,227.5 $1,227.9 +0.033% — — +20.6% 多付 0.016% +0.40% $37.4M $131.7M
SKHYSKHY $138.24 $138.24 -0.069% — — +3.8% 多付 0.022% -0.35% $33.2M $101.6M
MRVLMarvell $223.92 $224.14 +0.094% — — +47.5% 多付 0.018% +0.63% $20.3M $52.3M
INTCIntel $103.52 $103.56 +0.048% — — +20.7% 多付 0.019% +1.40% $18.4M $50.5M
CXMTCXMT $7.459 $7.336 -1.686% — — -1285.5% 空付 0.163% +0.64% $15.0M $67.6M
PLTRPalantir $171.54 $171.52 -0.019% +0.97% -0.99% +5.5% 多付 0.034% -0.63% $14.9M $22.7M
GOOGLAlphabet $356.22 $356.47 +0.063% -0.16% +0.22% +16.4% 多付 0.017% -0.13% $12.6M $129.4M
MSTRMicroStrategy $101.31 $101.31 -0.038% +1.03% -1.07% +31.4% 多付 0.047% -0.29% $8.0M $23.8M
LITELumentum $918.65 $919.44 +0.096% — — +71.3% 多付 0.052% +0.41% $7.7M $12.2M
NVDANVIDIA $225.04 $225.07 +0.015% +0.47% -0.46% +5.5% 多付 0.019% +0.09% $6.8M $168.6M
TSLATesla $331.55 $331.6 +0.009% +0.71% -0.70% +5.6% 多付 0.016% -0.06% $6.5M $37.4M
MSFTMicrosoft $499.76 $499.55 -0.049% +0.19% -0.24% -5.0% 空付 0.025% -0.17% $6.4M $52.9M
AAPLApple $313.15 $312.96 -0.058% +0.09% -0.15% -5.6% 空付 0.019% +0.14% $5.5M $38.6M
CRCLCircle $67.93 $67.919 -0.029% +1.22% -1.25% +5.5% 多付 0.053% -0.29% $5.3M $42.7M
MINIMAXMINIMAX $41.222 $41.247 +0.016% — — +31.9% 多付 0.155% -4.07% $5.1M $11.6M
ZHIPUZHIPU $160.48 $160.31 -0.111% — — -17.4% 空付 0.228% -2.51% $4.9M $4.9M
SOXLSOXL $145.43 $145.43 +0.045% — — +5.5% 多付 0.089% +1.27% $4.4M $1.7M
NBISNebius $192.31 $192.54 +0.145% — — +27.8% 多付 0.053% -0.26% $4.4M $32.3M
METAMeta $593.58 $593.79 +0.039% — — +5.5% 多付 — 0.020% -0.36% $3.9M $47.3M
AMZNAmazon $274.45 $274.45 +0.027% +0.13% -0.10% +5.5% 多付 — 0.038% -0.37% $3.3M $27.3M
AMDAMD $487.69 $487.64 -0.007% — — +5.5% 多付 — 0.007% +0.71% $3.1M $12.6M
COINCoinbase $155.27 $155.29 +0.026% -1.60% +1.63% +9.4% 多付 — 0.052% +0.85% $2.1M $12.1M
LYTELYTE $26.545 $26.699 +1.039% — — +441.0% 多付 — 1.462% -3.30% $1.8M $2.1M
UNITREEUNITREE $84.53 $84.097 -0.670% — — -1.8% 空付 — 0.665% -3.95% $1.7M $7.8M
ORCLOracle $147.81 $147.81 -0.024% — — +2.5% 多付 — 0.057% +0.66% $1.4M $33.2M
RKLBRocket Lab $85.36 $85.437 +0.113% — — +28.4% 多付 — 0.056% +0.61% $1.4M $5.5M
BABAAlibaba $129.37 $129.4 +0.035% — — +5.5% 多付 — 0.064% -0.17% $1.4M $9.3M
GIGADEVGIGADEV $59.271 $59.056 -0.622% — — -425.0% 空付 — 1.739% -1.12% $1.2M $1.9M
HOODRobinhood $94.17 $94.207 +0.038% -0.26% +0.30% +5.5% 多付 — 0.051% -0.10% $1.2M $16.4M
CBRSCoreCard $228.78 $228.68 -0.055% — — -32.5% 空付 — 0.100% +1.36% $1.1M $51.3M
CRWVCoreWeave $92.04 $92.109 +0.088% — — +16.9% 多付 — 0.066% +0.07% $1.1M $5.1M
AVGOBroadcom $429.57 $429.93 +0.076% -0.40% +0.48% +24.3% 多付 — 0.047% +0.29% $1.0M $3.0M
IBMIBM $235.69 $235.57 -0.036% — — -9.9% 空付 — 0.078% -0.54% $838K $10.0M
NFLXNetflix $74.18 $74.212 +0.055% — — +5.5% 多付 — 0.092% +0.23% $782K $4.7M
AMATAMAT $549.15 $549.17 +0.051% — — +5.5% 多付 — 0.230% +1.33% $485K $740K
TSMTSMC $423.14 $423.26 +0.054% — — +9.0% 多付 — 0.049% +0.19% $433K $15.4M
BEBE $222.18 $222.38 +0.123% — — +33.7% 多付 — 0.078% +0.29% $432K $2.5M
KORUKORU $16.97 $16.966 -0.026% — — +5.5% 多付 — 0.226% -1.66% $379K $241K
LLYEli Lilly $1,185.8 $1,186.9 +0.099% — — +27.3% 多付 — 0.102% +0.30% $360K $3.4M
ARMArm $286.18 $286.35 +0.094% — — +5.5% 多付 — 0.116% +0.75% $345K $2.8M
ASMLASML $1,774.9 $1,774.6 -0.062% — — -21.6% 空付 — 0.124% +1.67% $338K $2.0M
USARUSA Rare Earth $19.585 $19.58 +0.029% — — +5.5% 多付 — 0.320% -2.45% $336K $1.4M
NCLDNCLD $23.18 $23.259 +0.299% — — -158.5% 空付 — 2.169% -1.81% $335K $32K
DELLDell $460.5 $460.31 -0.053% — — -9.4% 空付 — 0.090% +1.86% $335K $3.4M
XLEEnergy Select Sector SPDR Fund $57.61 $57.7 +0.188% — — +69.6% 多付 — 0.204% +1.80% $285K $1.6M
WDCWestern Digital $438.1 $438.17 +0.030% — — +17.4% 多付 — 0.134% +0.26% $246K $2.4M
QCOMQCOM $169.68 $169.84 +0.129% — — +38.3% 多付 — 0.096% +1.19% $188K $3.7M
BXBlackstone $136.94 $136.84 -0.083% — — +48.9% 多付 — 0.082% +0.52% $181K $495K
STRCSTRC $95.376 $95.345 -0.024% — — +5.5% 多付 — 0.092% +0.55% $176K $11.7M
NOKNOK $9.57 $9.566 -0.006% — — +5.5% 多付 — 0.232% +1.70% $159K $983K
GMEGameStop $19.14 $19.14 -0.028% — — -60.6% 空付 — 0.348% -1.53% $136K $1.2M
DKNGDraftKings $24.137 $24.137 -0.103% — — -43.2% 空付 — 0.326% -1.14% $130K $318K
HIMSHims $31.71 $31.71 +0.042% — — +28.4% 多付 — 0.357% +0.03% $120K $3.2M
BBBlackBerry $9.047 $9.037 -0.101% — — -10.7% 空付 — 0.177% -0.60% $120K $11.5M
QNTQuantinuum $59.089 $59.064 -0.094% — — -40.3% 空付 — 0.437% +1.61% $119K $1.4M
NOWServiceNow $124.77 $124.88 +0.097% — — +25.0% 多付 — 0.195% -1.19% $94K $1.8M
BOTBOT $28.911 $28.95 +0.213% — — +120.3% 多付 — 0.426% +1.09% $85K $3.8M
ZMZoom $104.65 $104.56 +0.030% — — -13.3% 空付 — 0.645% -0.20% $67K $299K
SMHVanEck Semiconductor ETF $589.16 $589.26 -0.004% — — -21.9% 空付 — 0.166% +1.05% $63K $1.6M
BIRDBIRD $2.508 $2.526 +0.680% — — +111.1% 多付 — 2.214% +1.59% $61K $67K
PURRDATPURRDAT $6.854 $6.832 -0.259% — — -8.4% 空付 — 0.593% -0.17% $56K $5.9M
SHAZSHAZ $49.946 $50.045 +0.149% — — +80.7% 多付 — 0.977% -0.11% $40K $3.1M
URNMURNM $54.953 $54.861 -0.147% — — -56.9% 空付 — 0.416% -1.51% $34K $1.1M
COSTCostco $947.46 $947.46 -0.001% — — +5.5% 多付 — 0.371% +0.11% $32K $313K
RIVNRivian $16.033 $16.033 +0.076% — — +5.5% 多付 — 0.215% +0.11% $23K $635K
EBAYeBay $111.76 $111.91 +0.204% — — +106.8% 多付 — 0.562% +0.30% $8K $256K
GEVGEV $997.4 $997.4 +0.043% — — +5.5% 多付 — 0.877% +0.72% $6K $33K
IBIDENIBIDEN $127.18 $127.18 0.000% — — 0.0% — — 0.00% $0 $0
KSTRKSTR $25.065 $25.065 0.000% — — 0.0% — — 0.00% $0 $0