Claude Fable 5 vs Claude Opus 4.5: API Cost Comparison
Compare the API pricing, context windows, features, and real-world cost projections for Claude Fable 5 (Anthropic) and Claude Opus 4.5 (Anthropic). Use the interactive calculator below to compute your exact monthly cost based on your token usage and request volume.
Prices verified Jun 26, 2026
Interactive Cost Calculator
Fills in typical token counts for a workload type
Tokens in each prompt sent to the model
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Showing costs for 2 models. Cheapest: Claude Opus 4.5 at $175.00/month.
| Alert | |||||||
|---|---|---|---|---|---|---|---|
BestClaude Opus 4.5 | Anthropic | $175.00 | $0.017500 | $50.00 | $125.00 | 50.0% | Alerts coming soon |
Claude Fable 5 | Anthropic | $350.00 | $0.035000 | $100.00 | $250.00 | — | Alerts coming soon |
Monthly Cost Comparison
Price Comparison at a Glance
All prices are in USD per 1 million tokens ($/M tokens). Lower is cheaper.
| Pricing Type | Claude Fable 5 | Claude Opus 4.5 | Cheaper |
|---|---|---|---|
| Input (standard) | $10.00/M | $5.00/M | Claude Opus 4.5 |
| Output | $50.00/M | $25.00/M | Claude Opus 4.5 |
| Cached input | N/A | $0.50/M | — |
| Batch input | N/A | $2.50/M | — |
| Batch output | N/A | $12.50/M | — |
Prices last verified: 2026-03-24 – 2026-06-26
Cost Breakdown by Usage Volume
Estimated monthly costs at different request volumes, assuming 1,000 input tokens and 500 output tokens per request. Adjust in the calculator above for your specific use case.
| Volume | Claude Fable 5Monthly | Claude Opus 4.5Monthly | Claude Fable 5Per request | Claude Opus 4.5Per request |
|---|---|---|---|---|
| 1K requests/mo | $35.00 | $17.50 | $0.035000 | $0.017500 |
| 10K requests/mo | $350.00 | $175.00 | $0.035000 | $0.017500 |
| 100K requests/mo | $3,500.00 | $1,750.00 | $0.035000 | $0.017500 |
| 1M requests/mo | $35,000.00 | $17,500.00 | $0.035000 | $0.017500 |
Green values indicate the lower-cost option at each volume tier. Cost per request is calculated at 1,000 input + 500 output tokens using standard (non-batch, non-cached) pricing.
Price History
Input price per 1M tokensWhen to Choose Claude Fable 5
by Anthropic
- General chatbot
Input / 1M tokens
$10.00/M
Output / 1M tokens
$50.00/M
Context window
1,000,000
Tier
premium
When to Choose Claude Opus 4.5
by Anthropic
- Code generation
- Document summarization
- RAG / Semantic search
Input / 1M tokens
$5.00/M
Output / 1M tokens
$25.00/M
Context window
200,000
Tier
premium
Key Differences Beyond Price
Cost is only one factor in choosing an AI model. Context window size, rate limits, supported features, and latency all affect whether a model fits your use case.
| Capability | Claude Fable 5 | Claude Opus 4.5 |
|---|---|---|
| Context window | 1,000,000 tokens | 200,000 tokens |
| Max output tokens | 128,000 tokens | 64,000 tokens |
| Performance tier | Premium | Premium |
| Vision / image input | Yes | Yes |
| Function calling | Yes | Yes |
| JSON mode | Yes | Yes |
| Prompt caching | No | Yes |
| Batch API (50% discount) | No | Yes |
| Extended reasoning | Yes | Yes |
| Fine-tuning | No | No |
| Rate limit (req/min) | Not published | 4,000 |
Claude Opus 4.5 notes
Extended thinking available. Prompt caching reduces cost by up to 90%.
Frequently Asked Questions
Is Claude Fable 5 cheaper than Claude Opus 4.5?
At standard usage (1,000 input tokens, 500 output tokens, 100,000 requests/month), Claude Opus 4.5 costs $1,750.00/month versus $3,500.00/month for Claude Fable 5 — a 50% saving. Your actual savings will vary based on your token profile; output-heavy workloads amplify differences in output pricing.
Which model has a larger context window, Claude Fable 5 or Claude Opus 4.5?
Claude Fable 5 has a larger context window at 1,000,000 tokens, compared to 200,000 tokens for Claude Opus 4.5. A larger context window is important for processing long documents, multi-turn conversations, or large codebases without truncation.
Do Claude Fable 5 and Claude Opus 4.5 support the Batch API?
Claude Opus 4.5 supports the Batch API (50% discount for async processing), while Claude Fable 5 does not. If your workload tolerates up to 24-hour latency, routing to Claude Opus 4.5 with batch pricing could significantly cut costs versus Claude Fable 5's standard rate.
Which model offers better prompt caching?
Claude Opus 4.5 supports prompt caching at $0.50/M for cached input, while Claude Fable 5 does not offer prompt caching. For RAG applications or chatbots with large, repeated context, Claude Opus 4.5's caching capability can substantially reduce effective costs.
What are the best use cases for Claude Fable 5 vs Claude Opus 4.5?
Claude Fable 5 is best suited for General chatbot, while Claude Opus 4.5 is optimized for Code generation, Document summarization, RAG / Semantic search. Choose based on which use case matches your primary workload — and validate with the cost calculator above to confirm the total monthly spend fits your budget.
What is the cost per request for Claude Fable 5 vs Claude Opus 4.5?
At 1,000 input tokens and 500 output tokens per request — a typical conversational workload — Claude Fable 5 costs $0.035000 per request and Claude Opus 4.5 costs $0.017500 per request. At 100,000 requests/month, that translates to $3,500.00 and $1,750.00 respectively. Use the interactive calculator to adjust these parameters for your actual workload.
Claude Fable 5 vs Claude Opus 4.5: Summary
When comparing Claude Fable 5 and Claude Opus 4.5 for API cost, the right choice depends on your workload's token profile, required features, and tolerance for latency. Claude Opus 4.5 offers lower total cost at standard usage volumes (1,000 input + 500 output tokens per request at 100,000 requests/month) at $1,750.00/month, compared to $3,500.00/month for Claude Fable 5.
Both models are priced in USD per million tokens, the standard unit across all major AI API providers. Claude Fable 5 charges $10.00/M for input tokens and $50.00/M for output tokens. Claude Opus 4.5 charges $5.00/M input and $25.00/M output. If your workload is output-heavy (more tokens generated than consumed as input), the model with the lower output price compounds cost savings significantly at scale.
Prompt caching is supported by Claude Opus 4.5 but not Claude Fable 5. For workloads with large, repeated system prompts or document context — such as RAG pipelines or multi-turn conversations with a fixed knowledge base — prompt caching can reduce effective input costs by 60–90%, which may change the cost ranking between these two models at your specific usage pattern.
Context window capacity differs between the two: Claude Fable 5 supports up to 1,000,000 tokens in a single request, versus 200,000 tokens for Claude Opus 4.5. A larger context window is essential for document summarization, large codebase analysis, and multi-document retrieval-augmented generation (RAG) applications.
Use the interactive calculator at the top of this page to enter your actual token usage and monthly request volume for a precise cost comparison tailored to your workload. Adjust for batch API discounts and prompt caching to find the most cost-effective option for your specific deployment.
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Relevant Use Cases
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