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Claude Fable 5 API pricing

As of October 22, 2026, Anthropic Claude Fable 5 costs $10.00 per million input tokens and $50.00 per million output tokens on Anthropic's own API, with cached input at $1.00 per million.

Claude Fable 5 benchmarks and specs · Every Anthropic model's price

  • Input, per million tokens$10.00
  • Output, per million tokens$50.00
  • Cached input, per million$1.00
  • Context window1M tokens
  • Max output128K tokens
  • Output speedNot measured

What a request costs

Three fixed token mixes at the list price, without cache or batch discounts. For a whole month, use the calculator.

Cost of three workloads on Claude Fable 5
WorkloadTokensOne request1,000 requestsFits the context window
Chat turn 1K input + 500 output tokens $0.035 $35.00 Yes
Repository review 50K input + 3K output tokens $0.650 $650.00 Yes
Agent loop 200K input + 10K output tokens $2.50 $2500.00 Yes
Solved coding task One SWE-bench Verified attempt, divided by the share that succeed $2.16 $2160.00

Price history

We have read Anthropic's own price every day since October 21, 2026. It has not changed yet; any change will be listed here with its date.

  1. October 21, 2026 First recorded: $10.00 input, $50.00 output

Cheaper models as good as Claude Fable 5

Models within two points of Claude Fable 5 or above it on the LLMBenchmark Index, with a lower output price. Cheapest first.

Claude Fable 5 pricing questions

How much does Claude Fable 5 cost per million tokens?
$10.00 per million input tokens and $50.00 per million output tokens, as listed on OpenRouter on October 22, 2026.
Does Claude Fable 5 support prompt caching?
Yes. OpenRouter lists cached input at $1.00 per million tokens, against $10.00 for uncached input.
Is there a cheaper model as good as Claude Fable 5?
Gemini 4 Argon scores 84.0 on the LLMBenchmark Index, within two points of Claude Fable 5 or above it, and costs $10.00 per million output tokens.
Has the price of Claude Fable 5 changed?
Not since we started recording it daily on October 21, 2026.