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 53 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 1 小时 46 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
+1.25%
SpaceX(trade.xyz)（SPCX）链上买盘把价格顶到真股之上
🔻 折价最深
-0.19%
Quantinuum（QNT）链上比真股更便宜
💸 资金费最贵(年化)
+171%
Hims · 做多每小时倒贴空头
⚖️ 跨场价差最大
+0.50%
Microsoft · 永续与现货定价分歧，潜在套利
SpaceX
市场隐含估值$1.82T
永续溢价+7.97%
资金费(年化)+26.8%
Anthropic
市场隐含估值$1.47T
永续溢价+15.48%
资金费(年化)+57.8%
OpenAI
市场隐含估值$1.14T
永续溢价+13.09%
资金费(年化)+42.6%
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 |
$7,440.1 |
$7,436.5 |
-0.048% |
— |
— |
-8.1% 空付 |
|
0.007% |
-0.05% |
$705.6M |
$647.4M |
| XYZ100指数纳斯达克100 |
$29,662 |
$29,673 |
+0.042% |
— |
— |
+5.5% 多付 |
|
0.009% |
+0.98% |
$529.5M |
$402.6M |
| MUMicron |
$998.5 |
$998.85 |
+0.044% |
— |
— |
+19.4% 多付 |
|
0.017% |
+8.01% |
$217.0M |
$151.8M |
| SPCXSpaceX(trade.xyz) |
$155.16 |
$156.61 |
+1.254% |
— |
— |
+1.2% 多付 |
|
0.090% |
-5.96% |
$111.4M |
$101.5M |
| MRVLMarvell |
$300.53 |
$300.64 |
+0.051% |
— |
— |
+9.9% 多付 |
|
0.049% |
+4.38% |
$97.0M |
$90.1M |
| SNDKSanDisk |
$1,708.9 |
$1,709.8 |
+0.093% |
— |
— |
+5.5% 多付 |
|
0.011% |
+4.66% |
$86.6M |
$32.3M |
| INTCIntel |
$113.19 |
$113.28 |
+0.121% |
— |
— |
+18.7% 多付 |
|
0.030% |
+10.96% |
$74.0M |
$42.2M |
| NVDANVIDIA |
$209.19 |
$209.31 |
+0.065% |
-0.16% |
+0.22% |
+19.4% 多付 |
|
0.005% |
-0.11% |
$47.5M |
$169.3M |
| AAPLApple |
$299.95 |
$299.95 |
-0.019% |
-0.03% |
+0.01% |
+1.4% 多付 |
|
0.053% |
-2.75% |
$21.5M |
$28.6M |
| AMDAMD |
$503.32 |
$503.32 |
-0.006% |
— |
— |
+5.5% 多付 |
|
0.045% |
+4.84% |
$20.4M |
$16.6M |
| TSLATesla |
$411.46 |
$411.36 |
-0.033% |
-0.04% |
+0.01% |
-1.7% 空付 |
|
0.002% |
+3.53% |
$19.3M |
$26.5M |
| CBRSCoreCard |
$245.93 |
$245.69 |
-0.049% |
— |
— |
-47.8% 空付 |
|
0.098% |
+15.61% |
$19.2M |
$40.8M |
| MSTRMicroStrategy |
$124.96 |
$124.94 |
+0.005% |
-0.45% |
+0.46% |
-7.5% 空付 |
|
0.042% |
-1.15% |
$16.7M |
$20.9M |
| CRCLCircle |
$82.454 |
$82.454 |
+0.044% |
+0.09% |
-0.05% |
+5.5% 多付 |
|
0.038% |
-1.82% |
$16.3M |
$29.3M |
| ORCLOracle |
$215.16 |
$215.31 |
+0.100% |
— |
— |
+28.0% 多付 |
|
0.032% |
-1.33% |
$12.6M |
$17.2M |
| GOOGLAlphabet |
$365.76 |
$366.01 |
+0.071% |
-0.41% |
+0.48% |
+17.9% 多付 |
|
0.024% |
-0.23% |
$12.1M |
$62.4M |
| LLYEli Lilly |
$1,157 |
$1,158 |
+0.041% |
— |
— |
+13.3% 多付 |
|
0.160% |
+0.64% |
$9.7M |
$9.0M |
| HOODRobinhood |
$85.487 |
$85.51 |
+0.083% |
-0.20% |
+0.28% |
+5.5% 多付 |
|
0.047% |
+1.46% |
$7.5M |
$11.9M |
| BBBlackBerry |
$9.39 |
$9.405 |
+0.139% |
— |
— |
+20.9% 多付 |
|
0.261% |
-1.95% |
$7.2M |
$24.4M |
| COINCoinbase |
$160.75 |
$160.75 |
-0.002% |
-0.29% |
+0.29% |
+5.5% 多付 |
|
0.043% |
+1.45% |
$6.3M |
$4.3M |
| AMZNAmazon |
$246.7 |
$246.82 |
+0.086% |
+0.03% |
+0.06% |
+13.0% 多付 |
|
0.048% |
-0.79% |
$6.3M |
$17.7M |
| MSFTMicrosoft |
$410.25 |
$410.53 |
+0.078% |
-0.42% |
+0.50% |
+26.4% 多付 |
|
0.029% |
-1.38% |
$6.1M |
$36.3M |
| CRWVCoreWeave |
$105.1 |
$105.14 |
+0.066% |
— |
— |
+20.5% 多付 |
— |
0.101% |
+2.38% |
$6.1M |
$6.4M |
| LITELumentum |
$913.1 |
$914.18 |
+0.123% |
— |
— |
+33.0% 多付 |
— |
0.075% |
+3.49% |
$6.1M |
$9.2M |
| PURRDATPURRDAT |
$8.795 |
$8.769 |
-0.223% |
— |
— |
-45.6% 空付 |
— |
0.415% |
-1.26% |
$6.0M |
$5.6M |
| QNTQuantinuum |
$60.77 |
$60.766 |
-0.186% |
— |
— |
-9.5% 空付 |
— |
0.242% |
+6.26% |
$5.7M |
$2.5M |
| ARMArm |
$359.98 |
$359.98 |
+0.019% |
— |
— |
+5.5% 多付 |
— |
0.059% |
+3.07% |
$5.3M |
$3.3M |
| RKLBRocket Lab |
$119.12 |
$119.19 |
+0.050% |
— |
— |
+11.6% 多付 |
— |
0.103% |
+5.20% |
$4.5M |
$4.7M |
| PLTRPalantir |
$135.61 |
$135.75 |
+0.106% |
+0.14% |
-0.03% |
+24.8% 多付 |
— |
0.023% |
-0.43% |
$4.1M |
$12.5M |
| TSMTSMC |
$427.97 |
$428.11 |
+0.058% |
— |
— |
+13.4% 多付 |
— |
0.092% |
-0.30% |
$3.7M |
$9.9M |
| METAMeta |
$592.99 |
$593.25 |
+0.104% |
+0.44% |
-0.34% |
+5.5% 多付 |
— |
0.043% |
-0.63% |
$3.6M |
$16.5M |
| HIMSHims |
$27.525 |
$27.623 |
+0.321% |
— |
— |
+171.5% 多付 |
— |
0.380% |
+3.90% |
$2.7M |
$4.3M |
| BABAAlibaba |
$121.41 |
$121.46 |
+0.089% |
— |
— |
+5.5% 多付 |
— |
0.114% |
-0.52% |
$1.9M |
$4.1M |
| GMEGameStop |
$22.295 |
$22.299 |
+0.169% |
— |
— |
+57.6% 多付 |
— |
0.333% |
+2.51% |
$1.7M |
$2.5M |
| DELLDell |
$404.2 |
$404.53 |
+0.125% |
— |
— |
+16.5% 多付 |
— |
0.112% |
+0.80% |
$1.2M |
$1.2M |
| AVGOBroadcom |
$401.27 |
$401.5 |
+0.110% |
— |
— |
+25.1% 多付 |
— |
0.184% |
+1.29% |
$1.2M |
$3.5M |
| XLEEnergy Select Sector SPDR Fund |
$58.13 |
$58.084 |
-0.064% |
— |
— |
-46.4% 空付 |
— |
0.234% |
-0.25% |
$1.0M |
$1.4M |
| USARUSA Rare Earth |
$22.8 |
$22.8 |
-0.051% |
— |
— |
-18.5% 空付 |
— |
0.186% |
-2.98% |
$989K |
$1.5M |
| ASMLASML |
$1,775.1 |
$1,776.3 |
+0.043% |
— |
— |
+10.2% 多付 |
— |
0.274% |
+3.53% |
$988K |
$654K |
| IBMIBM |
$279.74 |
$279.97 |
+0.089% |
— |
— |
+13.3% 多付 |
— |
0.104% |
-1.63% |
$916K |
$1.7M |
| NFLXNetflix |
$82.41 |
$82.41 |
+0.015% |
— |
— |
+5.5% 多付 |
— |
0.092% |
+0.62% |
$735K |
$3.0M |
| RIVNRivian |
$17.007 |
$17.007 |
-0.006% |
— |
— |
+2.2% 多付 |
— |
0.319% |
+1.95% |
$715K |
$538K |
| DKNGDraftKings |
$24.764 |
$24.866 |
+0.529% |
— |
— |
+127.5% 多付 |
— |
0.717% |
-0.52% |
$580K |
$55K |
| NOWServiceNow |
$112.38 |
$112.48 |
+0.069% |
— |
— |
+58.9% 多付 |
— |
0.252% |
-0.55% |
$341K |
$657K |
| BXBlackstone |
$114.94 |
$114.53 |
-0.396% |
— |
— |
-60.1% 空付 |
— |
0.095% |
-1.39% |
$268K |
$268K |
| EBAYeBay |
$108.4 |
$108.6 |
+0.309% |
— |
— |
+207.5% 多付 |
— |
0.800% |
-1.86% |
$207K |
$84K |
| ZMZoom |
$101.25 |
$101.25 |
-0.018% |
— |
— |
+12.4% 多付 |
— |
0.557% |
-2.36% |
$201K |
$410K |
| URNMURNM |
$56.623 |
$56.807 |
+0.363% |
— |
— |
+5.5% 多付 |
— |
0.704% |
-1.47% |
$199K |
$1.2M |
| BIRDBIRD |
$4.201 |
$4.198 |
-0.413% |
— |
— |
-290.3% 空付 |
— |
1.827% |
+8.48% |
$165K |
$226K |
| COSTCostco |
$972.52 |
$972.52 |
+0.010% |
— |
— |
+5.5% 多付 |
— |
0.322% |
+0.10% |
$106K |
$363K |
| MINIMAXMINIMAX |
$100 |
$100 |
0.000% |
— |
— |
0.0% |
— |
— |
0.00% |
$0 |
$0 |
| NBISNebius |
$226.43 |
$226.43 |
0.000% |
— |
— |
0.0% |
— |
— |
+0.03% |
$0 |
$0 |
| WDCWestern Digital |
$542.68 |
$542.68 |
0.000% |
— |
— |
0.0% |
— |
— |
+0.08% |
$0 |
$0 |
链上美股盘口