API cost decision in 10 seconds

NewFugu Ultra v2 vs Claude Fable 5

Pick Fugu Ultra v2 when budget is the priority.

Page updated: 2026-09-11T06:08:14Z Data confirmed: 2026-09-12T07:08:13Z Prices normalized to USD per 1M tokens Sample workload: 1M input + 500K output

Budget verdict

Pick Fugu Ultra v2 when budget is the priority.

On the standard 1M input plus 500K output workload, Fugu Ultra v2 is estimated at $20 vs $35 for Claude Fable 5, saving $15 (42.9% lower).

Cost-first pickFugu Ultra v2

Context-first pickBoth models

Sample savings$1542.9%

10x traffic gap$150

The reported context window is tied, so cost and provider fit carry more weight. At 10x that traffic, the same price gap is about $150. Use the calculator below to replace the sample workload with your own token volume.

Cost sensitivity

Workload Sensitivity

Same prices, different token mixes.

Fugu Ultra v2 stays cheaper across input-heavy, balanced, and output-heavy sample workloads.

Workload shape	Token mix	Better pick	Fugu Ultra v2	Claude Fable 5
Input-heavy / RAG	5M input + 500K output	Fugu Ultra v2	$40	$75
Balanced workload	1M input + 1M output	Fugu Ultra v2	$35	$60
Output-heavy chatbot	1M input + 5M output	Fugu Ultra v2	$155	$260

Cheaper input Fugu Ultra v2 $5 vs $10 / 1M

Fugu Ultra v2 is $5 cheaper per 1M input tokens (50% lower; 2x difference).

Cheaper output Fugu Ultra v2 $30 vs $50 / 1M

Fugu Ultra v2 is $20 cheaper per 1M output tokens (40% lower; 1.67x difference).

Larger context Tie 1M vs 1M

Both models report the same context window at 1M tokens.

Sample workload Fugu Ultra v2 $20 vs $35

Fugu Ultra v2 is $15 cheaper on the standard workload (42.9% lower).

Estimate your workload cost

Your Workload Cost

Prices are normalized to USD per 1M tokens.

Monthly input tokens Monthly output tokens

Fugu Ultra v2 Calculating… Estimated API cost

Claude Fable 5 Calculating… Estimated API cost

Cheaper for this workload Calculating… Difference: calculating…

This estimate uses normalized public API pricing per 1M tokens. It is a planning aid, not a billing quote. Verify provider pricing, limits, and terms before production use.

Quick Decision

Verdict

Fugu Ultra v2 has the lower input price; Fugu Ultra v2 has the lower output price; both models report the same context window. For the 1M input plus 500K output sample, Fugu Ultra v2 is cheaper for the standard workload.

For a 1M input token plus 500K output token workload, the estimated API cost is $20 for Fugu Ultra v2 and $35 for Claude Fable 5.

Best Fit

Choose Fugu Ultra v2 when you care most about lower input-token price, and lower output-token price.

Choose Claude Fable 5 when its provider, model quality, latency, or availability is more important than the numeric price/context winner.

Decision Notes

On the standard 1M input plus 500K output workload, Fugu Ultra v2 is estimated at $20 vs $35 for Claude Fable 5, saving $15 (42.9% lower).
Fugu Ultra v2 is $15 cheaper on the standard workload (42.9% lower).
Fugu Ultra v2 is $5 cheaper per 1M input tokens (50% lower; 2x difference).
Fugu Ultra v2 is $20 cheaper per 1M output tokens (40% lower; 1.67x difference).
Both models report the same context window at 1M tokens.

Head-to-Head Specs

Feature	NewFugu Ultra v2 (Sakana)	Claude Fable 5 (Anthropic)
Input Price prompt tokens per 1M	$5	$10
Completion Price per 1M tokens	$30	$50
Sample Workload Cost 1M input + 500K output	$20	$35
Context Window	1M	1M
Release Date	2026-09-11	2026-06-09

Use-Case Decision Matrix

Use case	Better pick	Why
Budget-constrained production	Fugu Ultra v2	On the standard 1M input plus 500K output workload, Fugu Ultra v2 is estimated at $20 vs $35 for Claude Fable 5, saving $15 (42.9% lower).
High-volume input processing	Fugu Ultra v2	Lower prompt-token price matters most when prompts, retrieved passages, or documents dominate the bill.
Long responses and chatbots	Fugu Ultra v2	Lower output-token price matters most when assistants generate many completion tokens.
RAG or long-document work	Tie	A larger context window leaves more room for retrieved passages, conversation history, or source files.

Related Alternatives

Same-provider lower-cost swaps

Sakana Namazu can replace Fugu Ultra v2 when lower sample workload cost matters most: $2.95.
Fugu Max can replace Fugu Ultra v2 when lower sample workload cost matters most: $5.
Claude 3 Haiku can replace Claude Fable 5 when lower sample workload cost matters most: $0.88.
Claude Haiku 4.5 (batch) can replace Claude Fable 5 when lower sample workload cost matters most: $1.75.

Larger context near this budget

Grok 4.20 Multi-Agent offers 2M context with $2.5 sample workload cost.
Grok 4.20 offers 2M context with $2.5 sample workload cost.
GLM 5.3 Flash offers 1.31M context with $0.4 sample workload cost.
DeepSeek V4 Flash 0731 offers 1.31M context with $0.08 sample workload cost.

Popular competitors

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DeepSeek V4 Flash 0731 · DeepSeek · #4

Cheaper alternatives

Review low-cost models sorted by a standard 1M input plus 500K output workload.

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Larger context alternatives

Find models with larger context windows for RAG, long documents, and codebase review.

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Provider catalogs

Compare models within provider hubs before choosing a final API vendor.

Open provider hubs

Sakana catalog

Review all tracked Sakana models before deciding whether this matchup is the right shortlist.

Open Sakana models

Anthropic catalog

Check other Anthropic models with comparable pricing, context, or release timing.

Open Anthropic models

Fugu Ultra v2

Fugu Ultra v2 is the higher-performance model in Sakana AI's Fugu family. Rather than a single monolithic model, Fugu is a learned multi-agent orchestration system: a language model trained to...

Claude Fable 5

Claude Fable 5 is a Mythos-class model from Anthropic, built for autonomous knowledge work and coding. It supports text, image, and file inputs with text output, with reasoning support and...