Is Katana Perps custodial? Who holds your funds?

No. Katana Perps is listed as non-custodial: your funds stay in a wallet you control, not with the venue (checked Nov 11, 2026).

Checked 2026-11-11 · 3 sources

Official site: perps.katana.network

Funds sit in a Katana Perps smart contract on Katana, and every order must be signed by your wallet.
Non-custodial does not mean risk-free. Smart-contract bugs, phishing and malicious approvals can still lose funds.

Sources: Katana Perps Terms of Service (last revised 2026-02-10; page is script-rendered, text read from the site's own terms script) · Katana Perps Docs: Security (non-custodial architecture, wallet exit, AWS Tokyo) · Katana Perps Docs: Deposit & Withdrawals (custody, wallet exit). The venue's own page wins if it disagrees with ours.

Katana Perps

Perp DEX · 0.04% round trip. 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.

Full Katana Perps sheet: fees, custody, incidents →

More on Katana Perps: Overview · US alternatives · Available in the US? · KYC required? · Mobile app? · Custodial? · Supported chains