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Anthropic pricing

Claude Fable 5 Cost Calculator

Claude Fable 5 sits above Opus 4.8 as Anthropic's most capable model. $10/$50 per 1M tokens, 1M context, 128K output, 90% cache discount. For the hardest reasoning and agentic workloads where quality dominates cost.

Input

$10.00

per 1M tokens

Output

$50.00

per 1M tokens

Context window

1000K

tokens

Released

2026-06

Cutoff —

Model

≈ Estimated tokenizer·$10.00 in·$50.00 out (per 1M)

Quick start with a use case

Input tokens

Output tokens

Total cost per call$0.0350

Input$0.0100

Output$0.0250

Cost comparison

Standard

$0.0350

With Caching

$0.0305

Save 13% ↓

With Batch

$0.0175

Save 50% ↓

Cutting costs? Open models start at $0.14/1M

DeepSeek, Kimi & 200+ open models on Novita AI — often 5–20x cheaper than proprietary APIs for comparable tasks.

Try Novita AI

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Detailed pricing

Claude Fable 5 pricing breakdown

All pricing dimensions including caching and batch discounts.

Type	Price (per 1M tokens)	Note
Input	$10.0000	Standard input tokens
Output	$50.0000	Generated output tokens
Cached input	$1.0000	Reused prompt content
Cache write	$12.5000	First-time cache deposit (Anthropic / Gemini style)
Batch input	$5.0000	~24h delay, 50% off
Batch output	$25.0000	Batch API output

Cutting costs? Open models start at $0.14/1M

DeepSeek, Kimi & 200+ open models on Novita AI — often 5–20x cheaper than proprietary APIs for comparable tasks.

Try Novita AI

Affiliate link — we may earn a commission at no extra cost to you.

Last verified 2026-07-18 · Anthropic official pricing · ⚠️ Spotted a wrong price? Report in 30s →

How it compares

Claude Fable 5 vs alternatives

Single-call cost (1000 input + 500 output tokens) ranked from cheapest.

Model	Per call	vs Fable 5
Claude Fable 5 Anthropic · this page	$0.0350	—
DeepSeek V4-Flash DeepSeek	$0.000280	−99%
DeepSeek V3.2 DeepSeek	$0.000480	−99%
GPT-5 mini OpenAI	$0.001250	−96%
Mistral Large 3 Mistral	$0.001250	−96%
Gemini 3 Flash Google	$0.002000	−94%

Recommended use

When to choose Claude Fable 5

Claude Fable 5 shines for complex multi-step reasoning, code generation and review, general-purpose tasks, and long documents and large codebases. Token counts are estimated within ~10-20% margin.

✓Context window of 1000K tokens handles entire codebases or book-length documents.

✓Prompt caching available — significant savings for repeated system prompts.

✓Batch API support for non-realtime workloads at ~50% discount.

✓Tool / function calling supported.

FAQ

Frequently asked questions

Claude Fable 5 costs $10.00 per 1M input tokens and $50.00 per 1M output tokens. A typical chat call (1000 input + 500 output tokens) costs approximately $0.0350. Use the calculator above to estimate your specific use case.