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Katana Perps

As of Nov 11, 2026, Katana Perps is a perp DEX on Katana costing 0.04% per round trip ($0.40 on a $1,000 buy and sell). Not available in the US.

Checked 2026-11-11 · sources below

Official site: perps.katana.network

Katana Perps is the native perpetual futures exchange on Katana, an Ethereum layer 2. It pairs an off-chain order book and matching engine with on-chain custody and settlement, USDC collateral and cross margin. Default fees are 0.02% taker and 0.005% maker. It is run by Aurora Labs S.A. and is not available in the US.

Cost: Default fees are 0.02% taker and 0.005% maker on notional, paid in USDC. Market- or wallet-specific promotional rates can be lower, and the lowest applicable rate is used. Trading and settlement are gas-free; deposits pay normal Katana gas, and withdrawals carry a fee that covers gas and bridging. A $1,000 buy-and-sell costs about $0.40 in Katana Perps fees.

More on Katana Perps: Overview · US alternatives

Round trip fee
0.04%
buy + sell, platform fee
$1,000 buy + sell
$0.40
before network + pool fees
Fees paid, 30d
$329K
DefiLlama, to 2026-11-11
US availability
Not available
UK: unverified · EU: unverified

Quick answers

Custody
Self-custody
KYC
none
Platforms
web
Launched
—

Users paid Katana Perps about $329K in fees in the 30 days to 2026-11-11 (DefiLlama) — a rough measure of how much it is actually used.

Best for: Traders outside the US and the barred countries who want low-fee crypto perps settled on Katana with cross margin and a direct exit path from the contract.

Katana Perps fees

FeeTypeRateApplies toNote
Perps taker fee (default) protocol 0.02% Buy and sell Exchange-wide default rate
Perps maker fee (default) protocol 0.005% Buy and sell Exchange-wide default rate
Withdrawal fee network — Covers gas and bridge costs; varies, capped at a maximum you authorise; $1 minimum withdrawal.

Perps: taker 0.02%, maker 0.005% — Default rates. Markets can have promotional periods with lower rates, and the lowest rate across exchange, market and wallet applies.

Platform fees only. On-chain network/priority fees, pool (LP) fees and price impact are extra and vary by trade.

Is Katana Perps legit?

Funds sit in a Katana Perps smart contract on Katana, and every order must be signed by your wallet. Withdrawals go only to the depositing wallet, and a "wallet exit" function lets you reclaim funds directly from the contract if the off-chain exchange is unavailable. Order matching runs off-chain, on infrastructure its docs place in AWS Tokyo.

We found no reported hacks or fund losses in the sources we checked. That is not a guarantee.

Where Katana Perps is available

RegionStatus
United StatesNot available
United KingdomUnverified
European UnionUnverified

The Terms of Service (last revised 2026-02-10) bar anyone who resides, is located or is incorporated in the United States, plus "Prohibited Jurisdictions": Crimea, Cuba, Iran, North Korea, Panama, Syria and Venezuela, and sanctioned persons. Using a VPN to get around this is prohibited. Sign-up asks you to confirm you are not a US resident or US person. The UK and EU are not named. (source)

We report what the venue's own terms say. Don't use a VPN to get around restrictions; venues can freeze accounts that do.

Pros and cons

Pros

  • Low default fees: 0.02% taker and 0.005% maker.
  • Trading and settlement are gas-free; you pay gas only to deposit.
  • A wallet exit function lets you withdraw straight from the contract if the off-chain exchange is down.
  • The operator is named in its terms: Aurora Labs S.A., under the laws of Panama.

Cons

  • Not available to US residents or US persons, or in Panama and several sanctioned countries.
  • Matching runs off-chain, on infrastructure in AWS Tokyo, per its docs.
  • Cross margin only: all positions share one collateral pool.
  • A short market list: its docs name nine markets, including BTC, ETH, SOL, XRP and DOGE.

Features

perpsorder bookcross marginadvanced order typestrading APIsession keyspoints programgasless trading

Alternatives to Katana Perps

Lighter

Non-US, non-UK retail perps traders who want zero trading fees and can accept slower taker execution than paid accounts.

0%Round trip

Paradex

Non-US traders who place orders manually through a web UI and want zero-fee perps plus options from one margin account.

0%Round trip

trade.xyz

Traders outside the US, UK and Canada who want leveraged, round-the-clock exposure to stocks, indices, commodities, FX and pre-IPO companies from a self-custodied Hyperliquid account.

0.018%Round trip

Extended

Traders outside the US, UK and Canada who want low taker fees on crypto plus stock, FX, commodity and index perps from one USDC margin account in their own wallet.

0.05%Round trip

Where Katana Perps ranks

Katana Perps FAQ

Is Katana Perps legit?

Katana Perps is a live perp exchange on the Katana layer 2. Its terms name the operator as Aurora Labs S.A., with Panama law and arbitration in Panama. Its docs describe a transition from IDEX, whose tokens can be redeemed for Katana Perps fee credits. Funds sit in a smart contract with a wallet-exit function.

Can I use Katana Perps in the US?

No. Its Terms of Service exclude anyone who resides, is located or is incorporated in the United States, and sign-up asks you to confirm you are not a US person. Panama, Cuba, Iran, North Korea, Syria, Venezuela and Crimea are also barred.

What are Katana Perps' fees?

Default fees are 0.02% taker and 0.005% maker on notional, paid in USDC; promotional rates can be lower. Trading is gas-free. Deposits pay normal Katana gas, and withdrawals carry a fee that covers gas and bridging.

Is Katana Perps custodial?

No. Its terms and docs say it never takes custody: funds sit in a smart contract, every order needs your wallet's signature, withdrawals go only to the depositing wallet, and a wallet-exit function returns funds even if the off-chain exchange is down.

What can I trade on Katana Perps?

Its docs list nine perpetual markets: BTC, DOGE, ETH, KAT, MEGA, SOL, TAO, XRP and ZEC, all against USD and collateralised in USDC on Katana.