Arch charges 8.49%–11% APR with a 1.5% origination fee using custodial (anchorage, qualified custodian). Figure charges 9.99%–12.62% APR with a 1% origination fee using mpc custody (segregated). See the full breakdown of rates, thresholds, and custody risk below.
Rates verified 2026-05-14
Figure advertises a lower headline rate at 9.99%–12.62% compared to Arch's 8.49%–11%. On a $1M loan held for 12 months, Arch saves $10,000 in total first-year cost (interest plus origination fees).
Arch offers tiered rates that decrease with larger loan amounts, while Figure structures rates by ltv. Total year-1 cost includes both annualized interest and any origination fees charged upfront.
| Loan Size | Arch APR | Figure APR | Arch Total Year-1 Cost | Figure Total Year-1 Cost | Savings |
|---|---|---|---|---|---|
| $100,000 | 11% | 9.99% | $12,500 | $10,990 | $1,510 with Figure |
| $250,000 | 11% | 9.99% | $31,250 | $27,475 | $3,775 with Figure |
| $500,000 | 11% | 9.99% | $62,500 | $54,950 | $7,550 with Figure |
| $1M | 8.49% | 9.99% | $99,900 | $109,900 | $10,000 with Arch |
| $5M | 8.49% | 9.99% | $499,500 | $549,500 | $50,000 with Arch |
Total year-1 cost includes annualized interest plus origination fees. Arch: 1.5% origination fee. Figure: 1% origination fee. Rates sourced from each lender's public rate pages as of 2026-05-14.
Both Arch and Figure use similar custody approaches: custodial (anchorage, qualified custodian) and mpc custody (segregated) respectively. Arch uses Custodial (Anchorage, qualified custodian). Your Bitcoin is held by Arch and could be at risk in the event of a hack, insolvency, or regulatory action. Figure uses MPC custody (segregated). Your Bitcoin is held by Figure and could be at risk in the event of a hack, insolvency, or regulatory action.
Arch triggers margin calls at 70% LTV and liquidates at 80% LTV. Figure triggers margin calls at 70% LTV and liquidates at 85% LTV. Arch gives borrowers 24 hours to respond, while Figure provides 24 hours.
| Threshold | Arch | Figure |
|---|---|---|
| Max Starting LTV | 60% | 75% |
| Margin Call | 70% LTV | 70% LTV |
| Margin Call Window | 24 hours | 24 hours |
| Liquidation | 80% LTV | 85% LTV |
Arch: 20.0 percentage point buffer between starting LTV (60%) and liquidation (80%). Figure: 10.0 percentage point buffer between starting LTV (75%) and liquidation (85%). Arch provides a wider safety margin.
Choosing between Arch and Figure requires evaluating total cost, custody risk, and which platform aligns with your borrowing profile. Arch uses custodial (anchorage, qualified custodian) with 8.49%–11% APR, while Figure uses mpc custody (segregated) with 9.99%–12.62% APR.
On a $250,000 loan, Figure costs $27,475 in the first year versus $31,250 at Arch, a difference of $3,775. Part of Arch's higher cost comes from its 1.5% origination fee, which adds $3,750 upfront on this loan size.
Both platforms use similar custody approaches. Arch operates via custodial (anchorage, qualified custodian), and Figure uses mpc custody (segregated). Neither platform rehypothecates borrower collateral.
Arch is the better fit for borrowers who need smaller loans or instant access. Figure is the better fit for borrowers who need smaller loans or more flexible access.
Key details to be aware of: Arch: Proactive pre-threshold alerts before MC triggers. Partial liquidation sells minimum to restore 60% LTV, 2% liquidation fee. Figure: Figure Markets. APR 9.
Figure is cheaper. On a $500,000 loan held for 12 months, Arch costs $62,500 (11% APR + 1.5% origination fee) while Figure costs $54,950 (9.99% APR + 1% origination fee). That is a $7,550 difference in the first year.
Arch uses custodial (anchorage, qualified custodian). Figure uses mpc custody (segregated). Both platforms present similar custody risk profiles.
Arch's minimum loan is $5,000. Figure's minimum is $5,000. Both have the same minimum.
Arch issues a margin call at 70% LTV with a 24-hour response window and liquidates at 80% LTV. Figure issues a margin call at 70% LTV with a 24-hour response window and liquidates at 85% LTV. Starting from a 50% LTV, Arch provides a 30-point buffer before liquidation, while Figure provides a 35-point buffer.
It depends on your priorities. Arch (8.49%–11% APR, custodial (anchorage, qualified custodian), min $5,000) is better for borrowers who value custodial (anchorage, qualified custodian) and need smaller loan access. Figure (9.99%–12.62% APR, mpc custody (segregated), min $5,000) is better for borrowers who value mpc custody (segregated) and need smaller loan access. Use the rate table and cost comparison above to model your specific scenario.
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Open Compare LendersLygos offers 10% APR, $0 origination fees, and DLC-secured collateral where rehypothecation is cryptographically impossible.