eBay with Yummy Electronics has the Kershaw Mini Biner Carabiner Knife for $10 with free shipping. Features high-carbon 420J2 stainless steel blade, 2" blade, anodized aluminum carabiner construction, and measures 2-3/4" closed.
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I can't think of anything I'd rather have near the rope running through a carabiner than a knife.
What's next, a sword hat? I'd buy one of those.