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 35 小时 23 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
+0.81%
Nebius（NBIS）链上买盘把价格顶到真股之上
🔻 折价最深
-0.14%
Intel（INTC）链上比真股更便宜
💸 资金费最贵(年化)
+392%
Nebius · 做多每小时倒贴空头
⚖️ 跨场价差最大
-1.88%
Circle · 永续与现货定价分歧，潜在套利
OpenAI
市场隐含估值$1.20T
永续溢价+15.39%
资金费(年化)+53.9%
Anthropic
市场隐含估值$1.44T
永续溢价+13.61%
资金费(年化)+45.0%
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 |
| XYZ100指数纳斯达克100 |
$29,685 |
$29,688 |
+0.008% |
— |
— |
+5.5% 多付 |
|
0.003% |
-0.07% |
$86.1M |
$395.7M |
| SP500指数标普500 |
$7,451.4 |
$7,454.6 |
+0.046% |
— |
— |
+5.5% 多付 |
|
0.016% |
-0.11% |
$55.8M |
$376.8M |
| SPCXSpaceX(trade.xyz) |
$165.48 |
$165.48 |
+0.008% |
— |
— |
+10.1% 多付 |
|
0.039% |
+0.08% |
$50.3M |
$215.3M |
| MUMicron |
$993.25 |
$993.78 |
+0.055% |
— |
— |
+7.0% 多付 |
|
0.042% |
+0.45% |
$17.0M |
$215.4M |
| SNDKSanDisk |
$1,998.2 |
$1,998.6 |
+0.057% |
— |
— |
+5.5% 多付 |
|
0.049% |
+0.73% |
$10.9M |
$55.3M |
| NVDANVIDIA |
$205.55 |
$205.6 |
+0.021% |
-0.18% |
+0.20% |
+5.5% 多付 |
|
0.025% |
-0.04% |
$6.1M |
$159.4M |
| TSLATesla |
$406.12 |
$405.9 |
-0.059% |
-0.11% |
+0.05% |
-14.5% 空付 |
|
0.043% |
+0.30% |
$6.0M |
$31.5M |
| INTCIntel |
$126.76 |
$126.66 |
-0.137% |
— |
— |
-26.2% 空付 |
|
0.053% |
+1.02% |
$5.8M |
$43.0M |
| MRVLMarvell |
$281.59 |
$281.66 |
+0.051% |
— |
— |
+5.5% 多付 |
|
0.049% |
+0.81% |
$4.5M |
$59.2M |
| AMDAMD |
$513.95 |
$513.95 |
-0.010% |
— |
— |
+5.5% 多付 |
|
0.074% |
-0.31% |
$3.4M |
$15.8M |
| GOOGLAlphabet |
$362.22 |
$362.54 |
+0.100% |
-0.20% |
+0.30% |
+27.3% 多付 |
|
0.043% |
+0.35% |
$2.7M |
$63.8M |
| NBISNebius |
$232.45 |
$234.29 |
+0.808% |
— |
— |
+392.0% 多付 |
|
0.290% |
+0.25% |
$2.6M |
$5.5M |
| ORCLOracle |
$184.42 |
$184.39 |
-0.005% |
— |
— |
-2.8% 空付 |
|
0.084% |
+0.23% |
$2.4M |
$14.9M |
| AMZNAmazon |
$238.74 |
$238.64 |
-0.042% |
-0.16% |
+0.12% |
-10.7% 空付 |
|
0.057% |
-0.17% |
$2.3M |
$18.4M |
| CRWVCoreWeave |
$101.21 |
$101.36 |
+0.150% |
— |
— |
+55.1% 多付 |
|
0.076% |
-0.27% |
$2.2M |
$10.0M |
| CRCLCircle |
$79.837 |
$79.864 |
+0.039% |
+1.92% |
-1.88% |
+5.5% 多付 |
|
0.053% |
+1.03% |
$2.1M |
$31.8M |
| MSTRMicroStrategy |
$127.62 |
$127.48 |
-0.116% |
+2.48% |
-2.60% |
-68.0% 空付 |
|
0.050% |
+2.39% |
$1.7M |
$24.5M |
| HOODRobinhood |
$93.787 |
$93.772 |
-0.002% |
+0.30% |
-0.30% |
+5.5% 多付 |
|
0.067% |
+0.80% |
$1.3M |
$12.4M |
| RKLBRocket Lab |
$104.67 |
$104.84 |
+0.209% |
— |
— |
+47.5% 多付 |
|
0.181% |
+0.21% |
$1.3M |
$7.4M |
| MSFTMicrosoft |
$390.6 |
$390.64 |
+0.017% |
+0.14% |
-0.12% |
+5.5% 多付 |
|
0.081% |
-0.04% |
$1.2M |
$40.5M |
| METAMeta |
$571.25 |
$571.49 |
+0.044% |
— |
— |
+7.4% 多付 |
|
0.079% |
+0.25% |
$1.2M |
$17.2M |
| AAPLApple |
$290.69 |
$290.65 |
-0.007% |
-0.11% |
+0.10% |
+5.5% 多付 |
|
0.022% |
-0.22% |
$1.0M |
$12.1M |
| PLTRPalantir |
$128.84 |
$128.93 |
+0.094% |
— |
— |
+24.5% 多付 |
— |
0.092% |
+0.56% |
$1.0M |
$12.7M |
| PURRDATPURRDAT |
$8.941 |
$8.941 |
-0.193% |
— |
— |
-50.8% 空付 |
— |
1.649% |
+2.96% |
$880K |
$6.0M |
| BABAAlibaba |
$115.8 |
$115.55 |
-0.294% |
— |
— |
-102.7% 空付 |
— |
0.144% |
+1.87% |
$839K |
$4.0M |
| COINCoinbase |
$162.93 |
$162.93 |
+0.018% |
+1.79% |
-1.77% |
+5.5% 多付 |
— |
0.099% |
+1.34% |
$825K |
$5.7M |
| TSMTSMC |
$424.74 |
$424.86 |
+0.040% |
— |
— |
+5.5% 多付 |
— |
0.172% |
-0.24% |
$779K |
$8.3M |
| ARMArm |
$382.95 |
$383.51 |
+0.143% |
— |
— |
+62.5% 多付 |
— |
0.194% |
-0.40% |
$774K |
$4.8M |
| CBRSCoreCard |
$217.22 |
$217.07 |
-0.096% |
— |
— |
-41.0% 空付 |
— |
0.138% |
-0.12% |
$759K |
$33.1M |
| USARUSA Rare Earth |
$21.99 |
$22.033 |
+0.249% |
— |
— |
+93.2% 多付 |
— |
0.278% |
-0.34% |
$630K |
$1.3M |
| AVGOBroadcom |
$382.6 |
$383.21 |
+0.184% |
— |
— |
+75.5% 多付 |
— |
0.281% |
-0.02% |
$518K |
$2.9M |
| LITELumentum |
$932.68 |
$932.66 |
-0.035% |
— |
— |
-4.6% 空付 |
— |
0.089% |
+1.63% |
$513K |
$9.1M |
| NOWServiceNow |
$104.33 |
$104.56 |
+0.180% |
— |
— |
+84.5% 多付 |
— |
0.952% |
+1.71% |
$306K |
$938K |
| BBBlackBerry |
$9.291 |
$9.29 |
-0.122% |
— |
— |
-50.9% 空付 |
— |
0.290% |
+0.70% |
$168K |
$17.9M |
| NFLXNetflix |
$80.22 |
$80.22 |
+0.089% |
— |
— |
+26.5% 多付 |
— |
0.276% |
-0.17% |
$162K |
$2.5M |
| RIVNRivian |
$16.801 |
$16.842 |
+0.244% |
— |
— |
+123.8% 多付 |
— |
0.831% |
+0.19% |
$142K |
$953K |
| ASMLASML |
$1,861.8 |
$1,862.6 |
+0.151% |
— |
— |
+65.1% 多付 |
— |
0.685% |
+0.30% |
$132K |
$873K |
| LLYEli Lilly |
$1,139.8 |
$1,139.8 |
-0.038% |
— |
— |
-4.7% 空付 |
— |
0.420% |
+0.10% |
$128K |
$4.0M |
| GMEGameStop |
$22.38 |
$22.38 |
-0.164% |
— |
— |
-24.2% 空付 |
— |
1.067% |
+2.77% |
$107K |
$2.0M |
| ZMZoom |
$93.38 |
$93.119 |
-0.422% |
— |
— |
-191.1% 空付 |
— |
0.803% |
-1.98% |
$106K |
$637K |
| XLEEnergy Select Sector SPDR Fund |
$58.022 |
$58.225 |
+0.226% |
— |
— |
+105.9% 多付 |
— |
1.157% |
+0.72% |
$103K |
$524K |
| DELLDell |
$391.46 |
$391.29 |
-0.081% |
— |
— |
-13.0% 空付 |
— |
0.428% |
-1.96% |
$101K |
$1.5M |
| QNTQuantinuum |
$55.327 |
$55.327 |
+0.074% |
— |
— |
+29.9% 多付 |
— |
0.500% |
-0.22% |
$98K |
$1.3M |
| IBMIBM |
$274.3 |
$274.4 |
+0.061% |
— |
— |
+21.2% 多付 |
— |
0.416% |
+0.52% |
$56K |
$1.5M |
| DKNGDraftKings |
$28.667 |
$28.667 |
+0.107% |
— |
— |
+40.8% 多付 |
— |
1.078% |
-1.47% |
$52K |
$188K |
| HIMSHims |
$26.869 |
$26.947 |
+0.272% |
— |
— |
+107.4% 多付 |
— |
1.000% |
-0.38% |
$42K |
$2.5M |
| BXBlackstone |
$123.6 |
$123.19 |
-0.328% |
— |
— |
-176.0% 空付 |
— |
0.731% |
-0.57% |
$33K |
$155K |
| WDCWestern Digital |
$559.62 |
$561.23 |
+0.341% |
— |
— |
+172.6% 多付 |
— |
0.766% |
+0.00% |
$30K |
$55K |
| URNMURNM |
$54.435 |
$54.486 |
+0.084% |
— |
— |
+29.7% 多付 |
— |
0.892% |
+0.68% |
$22K |
$829K |
| EBAYeBay |
$108.19 |
$108.48 |
+0.207% |
— |
— |
+95.2% 多付 |
— |
0.962% |
-0.30% |
$12K |
$72K |
| COSTCostco |
$981.68 |
$983.23 |
+0.074% |
— |
— |
+45.1% 多付 |
— |
1.408% |
+0.23% |
$6K |
$224K |
| BIRDBIRD |
$3.8 |
$3.8 |
-0.076% |
— |
— |
-24.9% 空付 |
— |
1.726% |
+0.56% |
$4K |
$150K |
| 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