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。
周末休市距下次开盘 12 小时 48 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
+0.13%
MicroStrategy（MSTR）链上买盘把价格顶到真股之上
🔻 折价最深
-0.15%
Micron（MU）链上比真股更便宜
💸 资金费最贵(年化)
+70%
Lumentum · 做多每小时倒贴空头
⚖️ 跨场价差最大
+0.83%
Alphabet · 永续与现货定价分歧，潜在套利
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 |
$29,706 |
$29,707 |
+0.012% |
— |
— |
+5.5% 多付 |
|
0.003% |
-0.28% |
$123.6M |
$197.1M |
| SP500指数标普500 |
$7,747.9 |
$7,744.8 |
-0.037% |
— |
— |
+1.0% 多付 |
|
0.007% |
-0.30% |
$120.9M |
$476.2M |
| SPCXSpaceX(trade.xyz) |
$134.08 |
$133.99 |
-0.067% |
— |
— |
-29.7% 空付 |
|
0.015% |
-0.84% |
$85.5M |
$260.6M |
| MUMicron |
$876 |
$874.67 |
-0.147% |
— |
— |
-30.4% 空付 |
|
0.013% |
-1.03% |
$44.2M |
$186.4M |
| SNDKSanDisk |
$1,217.1 |
$1,218.3 |
+0.127% |
— |
— |
+28.5% 多付 |
|
0.008% |
-0.24% |
$22.7M |
$129.9M |
| SKHYSKHY |
$139.27 |
$139.27 |
-0.015% |
— |
— |
+5.5% 多付 |
|
0.028% |
0.00% |
$16.9M |
$98.9M |
| GOOGLAlphabet |
$355.13 |
$355.47 |
+0.102% |
-0.73% |
+0.83% |
+39.3% 多付 |
|
0.014% |
-0.06% |
$11.9M |
$128.4M |
| INTCIntel |
$102.1 |
$102.12 |
+0.029% |
— |
— |
+5.5% 多付 |
|
0.025% |
-0.40% |
$8.7M |
$51.3M |
| NVDANVIDIA |
$224.43 |
$224.45 |
+0.004% |
+0.18% |
-0.18% |
+5.5% 多付 |
|
0.020% |
-0.28% |
$6.6M |
$168.0M |
| TSLATesla |
$329.16 |
$329.27 |
+0.040% |
0.00% |
+0.04% |
+20.9% 多付 |
|
0.030% |
-0.78% |
$6.4M |
$37.3M |
| MSTRMicroStrategy |
$100.78 |
$100.89 |
+0.129% |
+0.58% |
-0.45% |
+30.3% 多付 |
|
0.021% |
-0.64% |
$6.4M |
$22.8M |
| MRVLMarvell |
$219.64 |
$219.75 |
+0.076% |
— |
— |
+7.2% 多付 |
|
0.047% |
-1.20% |
$4.9M |
$30.8M |
| AAPLApple |
$312.81 |
$312.67 |
-0.038% |
-0.25% |
+0.21% |
-17.0% 空付 |
|
0.030% |
+0.18% |
$4.7M |
$38.6M |
| METAMeta |
$592.89 |
$593.33 |
+0.072% |
— |
— |
+23.2% 多付 |
|
0.041% |
-0.35% |
$4.4M |
$47.7M |
| PLTRPalantir |
$171.59 |
$171.5 |
-0.082% |
-0.66% |
+0.58% |
-29.7% 空付 |
|
0.053% |
-0.44% |
$4.3M |
$38.4M |
| LITELumentum |
$906.75 |
$907.45 |
+0.095% |
— |
— |
+69.9% 多付 |
|
0.081% |
+0.10% |
$4.2M |
$7.8M |
| CXMTCXMT |
$7.347 |
$7.352 |
+0.110% |
— |
— |
+86.8% 多付 |
|
0.298% |
+0.51% |
$4.1M |
$67.6M |
| CRCLCircle |
$67.1 |
$67.1 |
-0.001% |
+0.09% |
-0.09% |
+5.5% 多付 |
|
0.033% |
-0.99% |
$3.7M |
$41.9M |
| NBISNebius |
$189.34 |
$189.4 |
+0.035% |
— |
— |
+27.4% 多付 |
|
0.060% |
-1.09% |
$3.6M |
$32.1M |
| MSFTMicrosoft |
$498.37 |
$498.16 |
-0.042% |
-0.45% |
+0.41% |
-4.2% 空付 |
|
0.023% |
-0.25% |
$3.5M |
$53.5M |
| SOXLSOXL |
$140.77 |
$140.84 |
+0.024% |
— |
— |
-9.5% 空付 |
|
0.190% |
-1.50% |
$3.2M |
$1.4M |
| AMZNAmazon |
$274 |
$273.89 |
-0.045% |
-0.33% |
+0.29% |
+3.3% 多付 |
|
0.035% |
-0.57% |
$3.0M |
$27.5M |
| AMDAMD |
$481.75 |
$481.75 |
-0.014% |
— |
— |
+5.5% 多付 |
— |
0.049% |
-0.58% |
$2.2M |
$12.7M |
| COINCoinbase |
$153.97 |
$154.06 |
+0.085% |
+0.07% |
+0.02% |
+5.5% 多付 |
— |
0.066% |
-0.03% |
$2.0M |
$12.2M |
| UNITREEUNITREE |
$87.961 |
$87.346 |
-0.789% |
— |
— |
-1.0% 空付 |
— |
0.394% |
+2.02% |
$1.6M |
$7.8M |
| ORCLOracle |
$147.09 |
$147.07 |
-0.022% |
— |
— |
-9.4% 空付 |
— |
0.054% |
+0.10% |
$1.5M |
$33.0M |
| RKLBRocket Lab |
$84.813 |
$84.857 |
+0.116% |
— |
— |
+13.8% 多付 |
— |
0.044% |
+0.85% |
$1.2M |
$5.4M |
| HOODRobinhood |
$93.7 |
$93.719 |
+0.037% |
-0.50% |
+0.54% |
+21.8% 多付 |
— |
0.058% |
-1.00% |
$1.1M |
$16.3M |
| CBRSCoreCard |
$227.48 |
$227.14 |
-0.131% |
— |
— |
-4.6% 空付 |
— |
0.067% |
-0.12% |
$1.1M |
$51.1M |
| IBMIBM |
$235.55 |
$235.42 |
-0.069% |
— |
— |
-54.5% 空付 |
— |
0.063% |
-0.74% |
$888K |
$10.1M |
| CRWVCoreWeave |
$91.635 |
$91.635 |
-0.050% |
— |
— |
+5.5% 多付 |
— |
0.118% |
-0.13% |
$869K |
$4.8M |
| AVGOBroadcom |
$426.63 |
$426.99 |
+0.073% |
-0.40% |
+0.47% |
+42.8% 多付 |
— |
0.101% |
-0.25% |
$840K |
$3.0M |
| BABAAlibaba |
$129.09 |
$129.12 |
+0.061% |
— |
— |
+5.5% 多付 |
— |
0.029% |
-0.62% |
$813K |
$9.6M |
| GIGADEVGIGADEV |
$60.44 |
$60.44 |
+0.288% |
— |
— |
+173.0% 多付 |
— |
1.714% |
-0.87% |
$770K |
$2.3M |
| LYTELYTE |
$27.004 |
$27.288 |
+1.345% |
— |
— |
+731.3% 多付 |
— |
1.275% |
-0.01% |
$556K |
$2.3M |
| MINIMAXMINIMAX |
$43.632 |
$43.632 |
-0.185% |
— |
— |
+378.0% 多付 |
— |
0.496% |
+0.88% |
$555K |
$12.0M |
| NFLXNetflix |
$74.108 |
$74.131 |
+0.033% |
— |
— |
+5.5% 多付 |
— |
0.082% |
-0.08% |
$480K |
$4.6M |
| AMATAMAT |
$543.53 |
$543.53 |
+0.167% |
— |
— |
+12.4% 多付 |
— |
0.307% |
+1.14% |
$430K |
$752K |
| NCLDNCLD |
$23 |
$22.983 |
+0.225% |
— |
— |
-252.6% 空付 |
— |
5.515% |
-3.03% |
$326K |
$34K |
| USARUSA Rare Earth |
$19.408 |
$19.408 |
+0.075% |
— |
— |
+5.5% 多付 |
— |
0.278% |
-2.43% |
$318K |
$1.4M |
| ASMLASML |
$1,743.6 |
$1,743.6 |
-0.041% |
— |
— |
-5.6% 空付 |
— |
0.182% |
+0.03% |
$302K |
$1.9M |
| XLEEnergy Select Sector SPDR Fund |
$57.785 |
$57.785 |
+0.017% |
— |
— |
+5.5% 多付 |
— |
0.197% |
+1.00% |
$271K |
$1.6M |
| LLYEli Lilly |
$1,184.8 |
$1,184.8 |
+0.121% |
— |
— |
+5.5% 多付 |
— |
0.116% |
+0.50% |
$264K |
$3.2M |
| ARMArm |
$282.45 |
$282.55 |
+0.043% |
— |
— |
+5.5% 多付 |
— |
0.098% |
-0.38% |
$259K |
$2.7M |
| KORUKORU |
$17.14 |
$17.147 |
+0.079% |
— |
— |
+6.0% 多付 |
— |
0.289% |
-0.88% |
$236K |
$240K |
| TSMTSMC |
$420.73 |
$420.72 |
-0.028% |
— |
— |
+5.5% 多付 |
— |
0.043% |
-0.38% |
$229K |
$15.2M |
| BEBE |
$218.34 |
$218.34 |
+0.025% |
— |
— |
+37.2% 多付 |
— |
0.140% |
-1.02% |
$221K |
$2.4M |
| ZHIPUZHIPU |
$162.73 |
$163.31 |
+0.388% |
— |
— |
+375.2% 多付 |
— |
0.474% |
-0.40% |
$211K |
$5.1M |
| WDCWestern Digital |
$434.37 |
$434.37 |
+0.007% |
— |
— |
+8.2% 多付 |
— |
0.159% |
-0.36% |
$176K |
$2.3M |
| STRCSTRC |
$95.027 |
$95.11 |
+0.115% |
— |
— |
+58.6% 多付 |
— |
0.172% |
+0.30% |
$158K |
$11.7M |
| NOWServiceNow |
$125.59 |
$125.68 |
+0.063% |
— |
— |
+27.1% 多付 |
— |
0.097% |
-1.04% |
$149K |
$1.8M |
| QCOMQCOM |
$168.33 |
$168.29 |
-0.014% |
— |
— |
+5.5% 多付 |
— |
0.177% |
+0.30% |
$145K |
$3.7M |
| DELLDell |
$456.54 |
$456.31 |
-0.036% |
— |
— |
-9.8% 空付 |
— |
0.085% |
+0.86% |
$118K |
$3.3M |
| DKNGDraftKings |
$24.27 |
$24.2 |
-0.381% |
— |
— |
-278.6% 空付 |
— |
0.212% |
-0.91% |
$113K |
$342K |
| GMEGameStop |
$19.219 |
$19.194 |
-0.210% |
— |
— |
-138.7% 空付 |
— |
0.308% |
+0.09% |
$99K |
$1.3M |
| QNTQuantinuum |
$58.531 |
$58.858 |
+0.766% |
— |
— |
+231.8% 多付 |
— |
0.640% |
+0.65% |
$88K |
$1.4M |
| BBBlackBerry |
$9.072 |
$9.013 |
-0.653% |
— |
— |
-238.7% 空付 |
— |
0.147% |
-1.17% |
$77K |
$11.5M |
| HIMSHims |
$31.735 |
$31.735 |
+0.005% |
— |
— |
+5.5% 多付 |
— |
0.362% |
+0.14% |
$69K |
$3.1M |
| BOTBOT |
$28.553 |
$28.544 |
-0.058% |
— |
— |
+32.3% 多付 |
— |
0.507% |
-0.81% |
$65K |
$3.8M |
| BIRDBIRD |
$2.497 |
$2.493 |
-0.451% |
— |
— |
-220.1% 空付 |
— |
2.159% |
-1.66% |
$65K |
$89K |
| NOKNOK |
$9.42 |
$9.393 |
-0.257% |
— |
— |
-54.1% 空付 |
— |
0.389% |
-0.29% |
$59K |
$929K |
| ZMZoom |
$105.75 |
$105.47 |
-0.557% |
— |
— |
-223.9% 空付 |
— |
0.790% |
+0.09% |
$49K |
$307K |
| PURRDATPURRDAT |
$6.75 |
$6.742 |
-0.146% |
— |
— |
-35.4% 空付 |
— |
0.885% |
-1.34% |
$42K |
$5.8M |
| SHAZSHAZ |
$49.735 |
$49.61 |
-0.241% |
— |
— |
+31.8% 多付 |
— |
0.906% |
-0.34% |
$38K |
$3.1M |
| URNMURNM |
$55.22 |
$55.041 |
-0.558% |
— |
— |
-426.5% 空付 |
— |
0.720% |
-1.32% |
$35K |
$1.1M |
| SMHVanEck Semiconductor ETF |
$584.15 |
$584.15 |
-0.024% |
— |
— |
-36.5% 空付 |
— |
0.241% |
+0.20% |
$34K |
$1.6M |
| BXBlackstone |
$136.3 |
$136.56 |
+0.239% |
— |
— |
+180.4% 多付 |
— |
0.287% |
-0.10% |
$27K |
$557K |
| EBAYeBay |
$111.1 |
$110.97 |
-0.094% |
— |
— |
-71.7% 空付 |
— |
0.692% |
-0.77% |
$18K |
$256K |
| COSTCostco |
$946.43 |
$947.73 |
+0.106% |
— |
— |
+5.5% 多付 |
— |
0.220% |
+0.39% |
$10K |
$288K |
| RIVNRivian |
$16.039 |
$16.039 |
-0.010% |
— |
— |
-33.8% 空付 |
— |
0.294% |
-0.12% |
$8K |
$647K |
| GEVGEV |
$989 |
$991.86 |
+0.193% |
— |
— |
+169.7% 多付 |
— |
1.246% |
-0.13% |
$5K |
$34K |
| IBIDENIBIDEN |
$130.17 |
$130.17 |
0.000% |
— |
— |
0.0% |
— |
— |
-0.01% |
$0 |
$0 |
| KSTRKSTR |
$25.675 |
$25.675 |
0.000% |
— |
— |
0.0% |
— |
— |
+0.04% |
$0 |
$0 |
链上美股盘口