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 7 小时 55 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
+0.11%
MicroStrategy（MSTR）链上买盘把价格顶到真股之上
🔻 折价最深
-0.11%
SpaceX(trade.xyz)（SPCX）链上比真股更便宜
💸 资金费最贵(年化)
+44%
MicroStrategy · 做多每小时倒贴空头
⚖️ 跨场价差最大
-1.49%
Coinbase · 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 |
$29,806 |
$29,804 |
-0.008% |
— |
— |
+5.5% 多付 |
|
0.003% |
+0.08% |
$160.4M |
$215.0M |
| SP500指数标普500 |
$7,767.1 |
$7,764.4 |
-0.036% |
— |
— |
-0.1% 空付 |
|
0.002% |
-0.03% |
$130.2M |
$477.7M |
| SPCXSpaceX(trade.xyz) |
$134.49 |
$134.4 |
-0.112% |
— |
— |
-19.9% 空付 |
|
0.015% |
-1.96% |
$82.8M |
$260.1M |
| MUMicron |
$877.62 |
$876.91 |
-0.088% |
— |
— |
-20.3% 空付 |
|
0.014% |
-0.59% |
$67.8M |
$181.8M |
| SNDKSanDisk |
$1,219.4 |
$1,220.1 |
+0.062% |
— |
— |
+10.9% 多付 |
|
0.008% |
-0.16% |
$34.0M |
$130.3M |
| SKHYSKHY |
$137.44 |
$137.32 |
-0.105% |
— |
— |
-10.1% 空付 |
|
0.022% |
-0.97% |
$31.6M |
$101.1M |
| INTCIntel |
$102.4 |
$102.48 |
+0.088% |
— |
— |
+23.7% 多付 |
|
0.020% |
+0.13% |
$17.5M |
$49.6M |
| GOOGLAlphabet |
$356.11 |
$356.29 |
+0.047% |
+0.10% |
-0.05% |
+23.6% 多付 |
|
0.015% |
-0.13% |
$13.8M |
$129.4M |
| CXMTCXMT |
$7.553 |
$7.356 |
-2.752% |
— |
— |
-1263.5% 空付 |
|
0.181% |
+0.70% |
$12.5M |
$67.8M |
| PLTRPalantir |
$172.85 |
$172.85 |
-0.009% |
-0.52% |
+0.51% |
+5.5% 多付 |
|
0.029% |
+0.28% |
$9.4M |
$29.8M |
| MRVLMarvell |
$220.23 |
$220.38 |
+0.082% |
— |
— |
+37.5% 多付 |
|
0.042% |
-0.81% |
$9.3M |
$34.8M |
| MSTRMicroStrategy |
$100.83 |
$100.95 |
+0.107% |
+0.90% |
-0.79% |
+44.4% 多付 |
|
0.025% |
-0.27% |
$7.4M |
$23.3M |
| NVDANVIDIA |
$224.82 |
$224.84 |
+0.015% |
+0.31% |
-0.29% |
+5.5% 多付 |
|
0.013% |
-0.03% |
$6.8M |
$168.4M |
| TSLATesla |
$331.2 |
$331.27 |
+0.024% |
+0.62% |
-0.60% |
+5.7% 多付 |
|
0.021% |
-0.07% |
$6.1M |
$37.2M |
| AAPLApple |
$313.43 |
$313.29 |
-0.041% |
-0.19% |
+0.15% |
-6.1% 空付 |
|
0.028% |
+0.14% |
$5.2M |
$38.4M |
| LITELumentum |
$908.75 |
$909.49 |
+0.103% |
— |
— |
+22.5% 多付 |
|
0.048% |
+0.64% |
$5.1M |
$7.7M |
| CRCLCircle |
$67.69 |
$67.687 |
-0.010% |
+0.88% |
-0.89% |
+5.5% 多付 |
|
0.010% |
-0.42% |
$4.6M |
$42.3M |
| NBISNebius |
$190.63 |
$190.76 |
+0.098% |
— |
— |
+18.8% 多付 |
|
0.085% |
-0.78% |
$4.5M |
$32.2M |
| MINIMAXMINIMAX |
$39.348 |
$39.388 |
+0.055% |
— |
— |
+106.8% 多付 |
|
0.300% |
-8.71% |
$4.5M |
$11.1M |
| MSFTMicrosoft |
$500.54 |
$500.23 |
-0.103% |
-0.03% |
-0.07% |
+1.4% 多付 |
|
0.022% |
-0.05% |
$4.2M |
$53.7M |
| SOXLSOXL |
$142.51 |
$142.51 |
+0.043% |
— |
— |
-1.0% 空付 |
|
0.168% |
+0.37% |
$3.9M |
$1.6M |
| METAMeta |
$594 |
$594.31 |
+0.071% |
— |
— |
+17.9% 多付 |
|
0.030% |
-0.36% |
$3.9M |
$47.6M |
| ZHIPUZHIPU |
$153.91 |
$154.2 |
+0.219% |
— |
— |
+5.5% 多付 |
— |
0.225% |
-5.58% |
$3.8M |
$5.0M |
| AMZNAmazon |
$274.68 |
$274.59 |
-0.043% |
-0.34% |
+0.30% |
+5.5% 多付 |
— |
0.046% |
-0.29% |
$3.3M |
$27.4M |
| AMDAMD |
$483.45 |
$483.45 |
+0.013% |
— |
— |
+5.5% 多付 |
— |
0.034% |
-0.19% |
$2.9M |
$12.5M |
| COINCoinbase |
$154.68 |
$154.71 |
+0.039% |
+1.53% |
-1.49% |
+6.0% 多付 |
— |
0.058% |
+0.40% |
$2.1M |
$12.1M |
| UNITREEUNITREE |
$85.526 |
$85.535 |
-0.051% |
— |
— |
-0.1% 空付 |
— |
0.320% |
-1.19% |
$1.9M |
$7.9M |
| LYTELYTE |
$26.28 |
$26.323 |
+0.788% |
— |
— |
+446.6% 多付 |
— |
1.531% |
-4.74% |
$1.7M |
$2.1M |
| ORCLOracle |
$148.25 |
$148.24 |
-0.006% |
— |
— |
+5.5% 多付 |
— |
0.025% |
+0.67% |
$1.4M |
$33.3M |
| RKLBRocket Lab |
$85.32 |
$85.382 |
+0.053% |
— |
— |
+25.1% 多付 |
— |
0.097% |
+0.79% |
$1.3M |
$5.4M |
| BABAAlibaba |
$128.65 |
$128.64 |
-0.044% |
— |
— |
+5.5% 多付 |
— |
0.037% |
-0.60% |
$1.3M |
$9.4M |
| HOODRobinhood |
$93.815 |
$93.85 |
+0.051% |
-0.25% |
+0.30% |
+5.5% 多付 |
— |
0.059% |
-0.62% |
$1.2M |
$16.3M |
| GIGADEVGIGADEV |
$58.354 |
$57.91 |
-0.876% |
— |
— |
-609.3% 空付 |
— |
1.098% |
-6.07% |
$1.1M |
$1.9M |
| CRWVCoreWeave |
$91.855 |
$91.911 |
+0.084% |
— |
— |
+24.2% 多付 |
— |
0.032% |
+0.10% |
$1.1M |
$5.0M |
| CBRSCoreCard |
$228.96 |
$228.8 |
-0.228% |
— |
— |
-1.2% 空付 |
— |
0.105% |
+1.20% |
$1.1M |
$51.3M |
| AVGOBroadcom |
$427.95 |
$428.26 |
+0.095% |
-0.40% |
+0.49% |
+32.3% 多付 |
— |
0.072% |
-0.04% |
$998K |
$3.0M |
| IBMIBM |
$235.89 |
$235.79 |
-0.048% |
— |
— |
-6.7% 空付 |
— |
0.077% |
-0.48% |
$923K |
$10.0M |
| NFLXNetflix |
$74.325 |
$74.385 |
+0.047% |
— |
— |
+5.5% 多付 |
— |
0.100% |
+0.37% |
$866K |
$4.7M |
| AMATAMAT |
$543.12 |
$542.81 |
-0.044% |
— |
— |
+5.5% 多付 |
— |
0.129% |
+0.41% |
$482K |
$731K |
| TSMTSMC |
$420.44 |
$420.44 |
-0.005% |
— |
— |
+8.5% 多付 |
— |
0.061% |
-0.57% |
$371K |
$15.2M |
| KORUKORU |
$16.9 |
$16.901 |
+0.050% |
— |
— |
+5.5% 多付 |
— |
0.193% |
-2.40% |
$365K |
$231K |
| ARMArm |
$284.33 |
$284.33 |
-0.015% |
— |
— |
+5.5% 多付 |
— |
0.106% |
+0.14% |
$351K |
$2.8M |
| USARUSA Rare Earth |
$19.46 |
$19.475 |
+0.053% |
— |
— |
+10.3% 多付 |
— |
0.228% |
-2.32% |
$345K |
$1.4M |
| ASMLASML |
$1,749 |
$1,748.1 |
-0.068% |
— |
— |
-8.7% 空付 |
— |
0.152% |
+0.12% |
$339K |
$1.9M |
| BEBE |
$221.03 |
$221.03 |
+0.014% |
— |
— |
+14.5% 多付 |
— |
0.117% |
+0.22% |
$338K |
$2.4M |
| NCLDNCLD |
$23.299 |
$23.163 |
-0.318% |
— |
— |
-41.4% 空付 |
— |
1.725% |
-2.22% |
$332K |
$35K |
| LLYEli Lilly |
$1,186.9 |
$1,186.9 |
+0.016% |
— |
— |
+12.6% 多付 |
— |
0.077% |
+0.47% |
$286K |
$3.3M |
| XLEEnergy Select Sector SPDR Fund |
$57.87 |
$57.878 |
+0.019% |
— |
— |
+28.8% 多付 |
— |
0.253% |
+2.27% |
$259K |
$1.6M |
| DELLDell |
$455.67 |
$455.67 |
+0.042% |
— |
— |
-2.1% 空付 |
— |
0.051% |
+0.80% |
$240K |
$3.4M |
| WDCWestern Digital |
$436.02 |
$436.17 |
+0.055% |
— |
— |
+10.7% 多付 |
— |
0.140% |
-0.03% |
$227K |
$2.4M |
| STRCSTRC |
$95.282 |
$95.306 |
+0.064% |
— |
— |
+5.5% 多付 |
— |
0.071% |
+0.42% |
$200K |
$11.7M |
| QCOMQCOM |
$168.97 |
$169 |
+0.031% |
— |
— |
+19.4% 多付 |
— |
0.103% |
+0.72% |
$185K |
$3.7M |
| BXBlackstone |
$136.1 |
$135.85 |
-0.205% |
— |
— |
-93.9% 空付 |
— |
0.111% |
-0.12% |
$144K |
$505K |
| DKNGDraftKings |
$24.138 |
$24.105 |
-0.135% |
— |
— |
-59.0% 空付 |
— |
0.295% |
-0.85% |
$132K |
$318K |
| GMEGameStop |
$19.169 |
$19.167 |
-0.101% |
— |
— |
-45.9% 空付 |
— |
0.187% |
-0.74% |
$129K |
$1.2M |
| HIMSHims |
$31.61 |
$31.637 |
+0.014% |
— |
— |
+14.9% 多付 |
— |
0.244% |
-0.18% |
$129K |
$3.2M |
| BBBlackBerry |
$9.042 |
$9.031 |
-0.131% |
— |
— |
+5.5% 多付 |
— |
0.132% |
-0.61% |
$116K |
$11.5M |
| QNTQuantinuum |
$59.142 |
$59.204 |
+0.131% |
— |
— |
+72.6% 多付 |
— |
0.595% |
+1.83% |
$111K |
$1.4M |
| NOKNOK |
$9.45 |
$9.432 |
-0.148% |
— |
— |
-54.0% 空付 |
— |
0.260% |
+0.32% |
$96K |
$924K |
| NOWServiceNow |
$125.67 |
$125.78 |
+0.082% |
— |
— |
+26.8% 多付 |
— |
0.166% |
-0.32% |
$81K |
$1.8M |
| BOTBOT |
$28.861 |
$28.782 |
-0.567% |
— |
— |
-167.9% 空付 |
— |
0.890% |
+0.53% |
$78K |
$3.8M |
| BIRDBIRD |
$2.488 |
$2.488 |
+0.264% |
— |
— |
+262.0% 多付 |
— |
2.740% |
-0.18% |
$58K |
$66K |
| ZMZoom |
$105 |
$105 |
-0.053% |
— |
— |
+16.1% 多付 |
— |
0.833% |
+0.22% |
$57K |
$294K |
| PURRDATPURRDAT |
$6.785 |
$6.757 |
-0.336% |
— |
— |
+5.5% 多付 |
— |
0.931% |
-1.27% |
$53K |
$5.8M |
| SHAZSHAZ |
$49.921 |
$49.968 |
-0.049% |
— |
— |
+5.5% 多付 |
— |
0.881% |
+0.50% |
$42K |
$3.1M |
| SMHVanEck Semiconductor ETF |
$585.56 |
$585.12 |
-0.080% |
— |
— |
-21.5% 空付 |
— |
0.206% |
+0.15% |
$40K |
$1.6M |
| URNMURNM |
$54.963 |
$54.9 |
-0.077% |
— |
— |
-27.1% 空付 |
— |
0.516% |
-1.65% |
$36K |
$1.1M |
| COSTCostco |
$948.14 |
$947.91 |
+0.003% |
— |
— |
+5.5% 多付 |
— |
0.204% |
+0.19% |
$29K |
$311K |
| EBAYeBay |
$111.56 |
$111.65 |
+0.168% |
— |
— |
+54.8% 多付 |
— |
0.888% |
+0.10% |
$14K |
$257K |
| RIVNRivian |
$16.055 |
$16.081 |
+0.129% |
— |
— |
+12.1% 多付 |
— |
0.490% |
+0.41% |
$14K |
$636K |
| GEVGEV |
$995.03 |
$995.37 |
+0.025% |
— |
— |
+41.0% 多付 |
— |
0.878% |
-0.19% |
$6K |
$34K |
| IBIDENIBIDEN |
$125.87 |
$125.87 |
0.000% |
— |
— |
0.0% |
— |
— |
-0.04% |
$0 |
$0 |
| KSTRKSTR |
$24.87 |
$24.87 |
0.000% |
— |
— |
0.0% |
— |
— |
0.00% |
$0 |
$0 |
链上美股盘口