首个细粒度假新闻片段识别数据集，可定位并分类句子中的虚假信息。

Online misinformation is increasingly pervasive, yet most existing benchmarks and methods evaluate veracity at the level of whole claims or paragraphs using coarse binary labels, obscuring how true and false details often co-exist within single sentences. These simplifications also limit interpretability: global explanations cannot identify which specific segments are misleading or differentiate how a detail is false (e.g., distorted vs. fabricated). To address these gaps, we introduce MisSpans, the first multi-domain, human-annotated benchmark for span-level misinformation detection and analysis, consisting of paired real and fake news stories. MisSpans defines three complementary tasks: MisSpansIdentity for pinpointing false spans within sentences, MisSpansType for categorising false spans by misinformation type, and MisSpansExplanation for providing rationales grounded in identified spans. Together, these tasks enable fine-grained localisation, nuanced characterisation beyond true/false and actionable explanations. Expert annotators were guided by standardised guidelines and consistency checks, leading to high inter-annotator agreement. We evaluate 15 representative LLMs, including reasoning-enhanced and non-reasoning variants, under zero-shot and one-shot settings. Results reveal the challenging nature of fine-grained misinformation identification and analysis, and highlight the need for a deeper understanding of how performance may be influenced by multiple interacting factors, including model size and reasoning capabilities, along with domain-specific textual features. This project will be available at https://github.com/lzw108/MisSpans.