diff --git a/backend/main.py b/backend/main.py
index 2cb21b5..24079d2 100644
--- a/backend/main.py
+++ b/backend/main.py
@@ -440,7 +440,32 @@ async def get_trades_summary(
     return {"symbol": symbol, "interval": interval, "count": len(result), "data": result}
 
 
-@app.get("/api/collector/health")
+@app.get("/api/trades/latest")
+async def get_trades_latest(
+    symbol: str = "BTC",
+    limit: int = 30,
+    user: dict = Depends(get_current_user),
+):
+    """查最新N条原始成交记录（从本地DB，实时刷新用）"""
+    sym_full = symbol.upper() + "USDT"
+    now_month = _dt.datetime.now(_dt.timezone.utc).strftime("%Y%m")
+    tname = f"agg_trades_{now_month}"
+    conn = sqlite3.connect(DB_PATH)
+    conn.row_factory = sqlite3.Row
+    try:
+        rows = conn.execute(
+            f"SELECT agg_id, price, qty, time_ms, is_buyer_maker FROM {tname} "
+            f"WHERE symbol = ? ORDER BY agg_id DESC LIMIT ?",
+            (sym_full, limit)
+        ).fetchall()
+    except Exception:
+        rows = []
+    conn.close()
+    return {
+        "symbol": symbol,
+        "count": len(rows),
+        "data": [dict(r) for r in rows],
+    }
 async def collector_health(user: dict = Depends(get_current_user)):
     """采集器健康状态"""
     conn = sqlite3.connect(DB_PATH)
diff --git a/frontend/app/page.tsx b/frontend/app/page.tsx
index c977ed4..dd6b495 100644
--- a/frontend/app/page.tsx
+++ b/frontend/app/page.tsx
@@ -6,6 +6,7 @@ import { api, RatesResponse, StatsResponse, HistoryResponse, HistoryPoint, Signa
 import { useAuth } from "@/lib/auth";
 import RateCard from "@/components/RateCard";
 import StatsCard from "@/components/StatsCard";
+import LiveTradesCard from "@/components/LiveTradesCard";
 import Link from "next/link";
 import {
   LineChart, Line, XAxis, YAxis, Tooltip, Legend,
@@ -185,6 +186,12 @@ export default function Dashboard() {
 
       {/* 统计卡片 */}
       <AuthGate>
+      {/* 实时成交流 */}
+      <div className="grid grid-cols-1 md:grid-cols-2 gap-4">
+        <LiveTradesCard symbol="BTC" />
+        <LiveTradesCard symbol="ETH" />
+      </div>
+
       {stats && (
         <div className="grid grid-cols-3 gap-3">
           <StatsCard title="BTC 套利" mean7d={stats.BTC.mean7d} annualized={stats.BTC.annualized} accent="blue" />
diff --git a/frontend/components/LiveTradesCard.tsx b/frontend/components/LiveTradesCard.tsx
new file mode 100644
index 0000000..e5a1928
--- /dev/null
+++ b/frontend/components/LiveTradesCard.tsx
@@ -0,0 +1,118 @@
+"use client";
+
+import { useEffect, useState } from "react";
+import { authFetch } from "@/lib/auth";
+
+interface TradeRow {
+  time_ms: number;
+  price: number;
+  qty: number;
+  is_buyer_maker: number; // 0=主动买, 1=主动卖
+  agg_id: number;
+}
+
+interface TradesResponse {
+  symbol: string;
+  count: number;
+  data: TradeRow[];
+}
+
+const API_BASE = process.env.NEXT_PUBLIC_API_URL ?? "";
+
+async function fetchLatestTrades(symbol: string): Promise<TradeRow[]> {
+  // 查最近5秒的原始trades
+  const end_ms = Date.now();
+  const start_ms = end_ms - 5000;
+  const res = await authFetch(
+    `/api/trades/latest?symbol=${symbol}&limit=30`,
+    { cache: "no-store" }
+  );
+  if (!res.ok) return [];
+  const data: TradesResponse = await res.json();
+  return data.data || [];
+}
+
+function timeStr(ms: number): string {
+  const d = new Date(ms + 8 * 3600 * 1000);
+  return `${String(d.getUTCHours()).padStart(2,"0")}:${String(d.getUTCMinutes()).padStart(2,"0")}:${String(d.getUTCSeconds()).padStart(2,"0")}`;
+}
+
+export default function LiveTradesCard({ symbol }: { symbol: "BTC" | "ETH" }) {
+  const [trades, setTrades] = useState<TradeRow[]>([]);
+  const [loading, setLoading] = useState(true);
+  const [error, setError] = useState("");
+
+  useEffect(() => {
+    let running = true;
+
+    const fetch = async () => {
+      try {
+        const data = await fetchLatestTrades(symbol);
+        if (running) {
+          setTrades(prev => {
+            // 合并新数据，按时间降序，最多保留50条
+            const existingIds = new Set(prev.map(t => t.agg_id));
+            const newOnes = data.filter(t => !existingIds.has(t.agg_id));
+            return [...newOnes, ...prev].slice(0, 50);
+          });
+          setLoading(false);
+        }
+      } catch (e) {
+        if (running) setError("加载失败");
+      }
+    };
+
+    fetch();
+    const iv = setInterval(fetch, 1000);
+    return () => { running = false; clearInterval(iv); };
+  }, [symbol]);
+
+  return (
+    <div className="rounded-xl border border-slate-200 bg-white shadow-sm overflow-hidden">
+      <div className="px-4 py-3 border-b border-slate-100 flex items-center justify-between">
+        <h2 className="font-semibold text-slate-800 text-sm">实时成交流 · {symbol}/USDT</h2>
+        <div className="flex items-center gap-1.5">
+          <span className="w-1.5 h-1.5 rounded-full bg-emerald-500 animate-pulse" />
+          <span className="text-xs text-emerald-600">实时</span>
+        </div>
+      </div>
+
+      <div className="overflow-hidden" style={{ maxHeight: 320 }}>
+        {loading ? (
+          <div className="flex items-center justify-center h-32 text-slate-400 text-sm">加载中...</div>
+        ) : error ? (
+          <div className="flex items-center justify-center h-32 text-red-400 text-sm">{error}</div>
+        ) : trades.length === 0 ? (
+          <div className="flex items-center justify-center h-32 text-slate-400 text-sm">等待数据...</div>
+        ) : (
+          <table className="w-full text-xs">
+            <thead className="sticky top-0 bg-white z-10">
+              <tr className="bg-slate-50 border-b border-slate-100">
+                <th className="text-left px-3 py-2 text-slate-500 font-medium">价格(USDT)</th>
+                <th className="text-right px-3 py-2 text-slate-500 font-medium">数量</th>
+                <th className="text-right px-3 py-2 text-slate-500 font-medium">时间</th>
+              </tr>
+            </thead>
+            <tbody>
+              {trades.map(t => (
+                <tr key={t.agg_id} className="border-b border-slate-50 hover:bg-slate-50 transition-colors">
+                  <td className={`px-3 py-1.5 font-mono font-semibold ${t.is_buyer_maker === 0 ? "text-emerald-600" : "text-red-500"}`}>
+                    {t.is_buyer_maker === 0 ? "▲" : "▼"} {t.price.toLocaleString("en-US", { minimumFractionDigits: 1, maximumFractionDigits: 1 })}
+                  </td>
+                  <td className="px-3 py-1.5 text-right font-mono text-slate-600">
+                    {t.qty >= 1000
+                      ? `${(t.qty / 1000).toFixed(2)}K`
+                      : t.qty.toFixed(symbol === "BTC" ? 4 : 3)}
+                  </td>
+                  <td className="px-3 py-1.5 text-right text-slate-400 font-mono">
+                    {timeStr(t.time_ms)}
+                  </td>
+                </tr>
+              ))}
+            </tbody>
+          </table>
+        )}
+      </div>
+    </div>
+  );
+}