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 40 小时 34 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
+0.30%
Nebius（NBIS）链上买盘把价格顶到真股之上
🔻 折价最深
-0.11%
Marvell（MRVL）链上比真股更便宜
💸 资金费最贵(年化)
+114%
Nebius · 做多每小时倒贴空头
⚖️ 跨场价差最大
-1.63%
MicroStrategy · 永续与现货定价分歧，潜在套利
OpenAI
市场隐含估值$1.19T
永续溢价+15.15%
资金费(年化)+54.1%
Anthropic
市场隐含估值$1.45T
永续溢价+13.29%
资金费(年化)+47.1%
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 |
| SPCXSpaceX(trade.xyz) |
$164.66 |
$164.85 |
+0.135% |
— |
— |
+8.4% 多付 |
|
0.031% |
+0.88% |
$98.9M |
$214.0M |
| XYZ100指数纳斯达克100 |
$29,642 |
$29,648 |
+0.022% |
— |
— |
+5.5% 多付 |
|
0.003% |
+0.01% |
$98.3M |
$393.7M |
| SP500指数标普500 |
$7,444.3 |
$7,444.4 |
+0.009% |
— |
— |
+5.5% 多付 |
|
0.015% |
+0.17% |
$72.1M |
$377.2M |
| MUMicron |
$991.95 |
$992.7 |
+0.091% |
— |
— |
+22.2% 多付 |
|
0.048% |
+0.77% |
$19.9M |
$214.1M |
| SNDKSanDisk |
$1,997.1 |
$1,996.7 |
-0.034% |
— |
— |
+5.5% 多付 |
|
0.046% |
+0.83% |
$16.0M |
$55.2M |
| INTCIntel |
$126.38 |
$126.31 |
-0.059% |
— |
— |
+25.5% 多付 |
|
0.008% |
+1.23% |
$8.8M |
$42.6M |
| NVDANVIDIA |
$205.3 |
$205.39 |
+0.049% |
-0.25% |
+0.30% |
+5.5% 多付 |
|
0.029% |
+0.00% |
$8.1M |
$159.1M |
| TSLATesla |
$406.9 |
$406.86 |
+0.000% |
+0.04% |
-0.04% |
+5.5% 多付 |
|
0.042% |
+0.48% |
$6.6M |
$32.0M |
| MRVLMarvell |
$281.98 |
$281.71 |
-0.106% |
— |
— |
+66.3% 多付 |
|
0.033% |
+0.76% |
$6.1M |
$58.7M |
| AMDAMD |
$513.03 |
$513.03 |
-0.022% |
— |
— |
-8.0% 空付 |
|
0.065% |
+0.21% |
$4.2M |
$15.7M |
| GOOGLAlphabet |
$361.3 |
$361.44 |
+0.060% |
+0.07% |
-0.01% |
+5.5% 多付 |
|
0.058% |
+0.36% |
$3.5M |
$63.1M |
| MSTRMicroStrategy |
$126.3 |
$126.18 |
-0.091% |
+1.54% |
-1.63% |
+23.6% 多付 |
|
0.009% |
+1.66% |
$3.5M |
$24.1M |
| CRWVCoreWeave |
$100.22 |
$100.24 |
+0.060% |
— |
— |
+43.6% 多付 |
|
0.116% |
-0.64% |
$3.0M |
$9.9M |
| CRCLCircle |
$79.413 |
$79.388 |
-0.030% |
+1.11% |
-1.14% |
+5.5% 多付 |
|
0.025% |
+1.50% |
$2.9M |
$31.5M |
| NBISNebius |
$229.38 |
$229.93 |
+0.304% |
— |
— |
+113.7% 多付 |
|
0.539% |
-1.84% |
$2.6M |
$5.3M |
| ORCLOracle |
$183.45 |
$183.82 |
+0.188% |
— |
— |
+52.8% 多付 |
|
0.058% |
-0.05% |
$2.6M |
$14.9M |
| AMZNAmazon |
$239.47 |
$239.41 |
-0.037% |
-0.08% |
+0.04% |
-14.8% 空付 |
|
0.092% |
+0.36% |
$2.0M |
$18.6M |
| RKLBRocket Lab |
$104.98 |
$104.98 |
-0.024% |
— |
— |
+113.6% 多付 |
|
0.086% |
+2.28% |
$2.0M |
$7.4M |
| HOODRobinhood |
$93.467 |
$93.43 |
-0.050% |
-1.58% |
+1.53% |
-7.8% 空付 |
|
0.082% |
+0.60% |
$1.7M |
$12.4M |
| MSFTMicrosoft |
$389.91 |
$389.98 |
+0.041% |
+0.14% |
-0.10% |
+5.5% 多付 |
|
0.045% |
-0.14% |
$1.6M |
$40.3M |
| METAMeta |
$569.32 |
$569.22 |
-0.024% |
— |
— |
-1.5% 空付 |
|
0.077% |
+0.29% |
$1.6M |
$16.9M |
| PURRDATPURRDAT |
$8.795 |
$8.808 |
+0.163% |
— |
— |
+69.6% 多付 |
|
0.794% |
+0.06% |
$1.4M |
$5.9M |
| AAPLApple |
$290.52 |
$290.58 |
+0.016% |
-0.14% |
+0.16% |
+5.5% 多付 |
— |
0.039% |
-0.33% |
$1.3M |
$12.1M |
| ARMArm |
$384.25 |
$383.54 |
-0.265% |
— |
— |
-20.3% 空付 |
— |
0.161% |
+0.17% |
$1.1M |
$4.7M |
| PLTRPalantir |
$128.71 |
$128.77 |
+0.056% |
— |
— |
+26.8% 多付 |
— |
0.102% |
+0.46% |
$1.1M |
$12.6M |
| CBRSCoreCard |
$217.54 |
$217.8 |
+0.159% |
— |
— |
+43.3% 多付 |
— |
0.126% |
+1.51% |
$1.0M |
$33.2M |
| COINCoinbase |
$161.79 |
$162.11 |
+0.235% |
+1.25% |
-1.02% |
+5.0% 多付 |
— |
0.084% |
+1.39% |
$978K |
$5.6M |
| TSMTSMC |
$424.31 |
$424.31 |
-0.009% |
— |
— |
+5.5% 多付 |
— |
0.085% |
+0.03% |
$902K |
$8.3M |
| BABAAlibaba |
$115.64 |
$115.79 |
+0.173% |
— |
— |
+140.4% 多付 |
— |
0.195% |
+2.34% |
$763K |
$3.9M |
| LITELumentum |
$928.44 |
$928.94 |
+0.022% |
— |
— |
+24.1% 多付 |
— |
0.121% |
+0.96% |
$751K |
$9.1M |
| USARUSA Rare Earth |
$21.916 |
$21.916 |
+0.104% |
— |
— |
-26.0% 空付 |
— |
0.305% |
-0.19% |
$609K |
$1.4M |
| AVGOBroadcom |
$381.55 |
$381.84 |
+0.036% |
— |
— |
+5.5% 多付 |
— |
0.567% |
+0.05% |
$603K |
$2.9M |
| QNTQuantinuum |
$55.177 |
$55.328 |
+0.332% |
— |
— |
+20.5% 多付 |
— |
0.452% |
+0.67% |
$297K |
$1.3M |
| NOWServiceNow |
$104.18 |
$104.45 |
+0.404% |
— |
— |
+265.6% 多付 |
— |
0.654% |
+2.09% |
$273K |
$934K |
| BBBlackBerry |
$9.347 |
$9.357 |
+0.289% |
— |
— |
+138.1% 多付 |
— |
0.387% |
+1.90% |
$270K |
$18.1M |
| LLYEli Lilly |
$1,139.8 |
$1,140.9 |
+0.053% |
— |
— |
+5.5% 多付 |
— |
0.380% |
+0.81% |
$267K |
$4.0M |
| RIVNRivian |
$16.759 |
$16.742 |
-0.253% |
— |
— |
-107.9% 空付 |
— |
0.884% |
+0.24% |
$230K |
$955K |
| ASMLASML |
$1,861.5 |
$1,865.7 |
+0.156% |
— |
— |
+68.2% 多付 |
— |
0.791% |
+0.33% |
$164K |
$874K |
| NFLXNetflix |
$79.922 |
$79.939 |
+0.144% |
— |
— |
-6.6% 空付 |
— |
0.245% |
-0.58% |
$157K |
$2.5M |
| DELLDell |
$393.33 |
$391.93 |
-0.284% |
— |
— |
-76.3% 空付 |
— |
0.304% |
-0.98% |
$136K |
$1.5M |
| GMEGameStop |
$22.376 |
$22.46 |
+0.330% |
— |
— |
+134.9% 多付 |
— |
0.707% |
+3.10% |
$127K |
$2.0M |
| ZMZoom |
$94.433 |
$93.849 |
-0.623% |
— |
— |
-356.3% 空付 |
— |
0.928% |
-0.11% |
$106K |
$642K |
| XLEEnergy Select Sector SPDR Fund |
$57.922 |
$58.177 |
+0.079% |
— |
— |
-4.9% 空付 |
— |
0.963% |
+1.19% |
$101K |
$502K |
| IBMIBM |
$272.73 |
$272.9 |
+0.162% |
— |
— |
+5.5% 多付 |
— |
0.424% |
+0.30% |
$74K |
$1.5M |
| BXBlackstone |
$124.81 |
$124.6 |
-0.214% |
— |
— |
-105.3% 空付 |
— |
0.850% |
+1.32% |
$70K |
$157K |
| WDCWestern Digital |
$558.79 |
$557.64 |
-0.156% |
— |
— |
-67.7% 空付 |
— |
0.847% |
-1.13% |
$59K |
$54K |
| DKNGDraftKings |
$28.667 |
$28.683 |
+0.073% |
— |
— |
+39.4% 多付 |
— |
1.004% |
-0.83% |
$55K |
$188K |
| HIMSHims |
$26.914 |
$26.907 |
-0.008% |
— |
— |
+5.5% 多付 |
— |
0.968% |
+0.28% |
$42K |
$2.5M |
| URNMURNM |
$54.369 |
$54.477 |
+0.125% |
— |
— |
+65.9% 多付 |
— |
0.948% |
+0.02% |
$34K |
$829K |
| EBAYeBay |
$108.19 |
$108.13 |
-0.040% |
— |
— |
-45.1% 空付 |
— |
1.079% |
-0.89% |
$13K |
$72K |
| BIRDBIRD |
$3.8 |
$3.8 |
-0.166% |
— |
— |
-62.6% 空付 |
— |
1.911% |
+2.48% |
$8K |
$150K |
| COSTCostco |
$981.53 |
$982.09 |
+0.056% |
— |
— |
+16.0% 多付 |
— |
1.257% |
-0.22% |
$5K |
$221K |
| 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