Pick Claude Fable 5 for the hardest reasoning and most complex problems or long-horizon, multi-step agentic work. Pick Fugu Ultra v2.0 for sakana's own evaluation reports best-or-joint-best results on 5 of 8 benchmarks tested, including a 74.3 on the deepswe coding-repair benchmark or claims to outperform flagship models like gpt-6 astra and claude fable 5.1 despite its underlying orchestration pool reportedly excluding both of them. On a tight budget at scale, Fugu Ultra v2.0 is the value pick.
Claude Fable 5 (Anthropic) and Fugu Ultra v2.0 (Sakana AI) are two of the models people most often weigh against each other in 2026. Claude Fable 5 is anthropic's top public Mythos-class model and its most capable yet, though tier access was temporarily suspended in June 2026 under a US export-control directive. Fugu Ultra v2.0 is sakana AI's flagship multi-agent orchestration model, claiming best-or-joint-best results on 5 of 8 self-reported benchmarks against monolithic frontier models — $5/$30 per million tokens. Their biggest split is price, and the breakdown below shows exactly how that plays out for your workload.
Key differences
Price: Fugu Ultra v2.0 is about 2× cheaper on input ($5/$30 per 1M tokens vs $10/$50 per 1M tokens) — meaningful once you are processing millions of tokens a month.
Context window: both advertise 1M (~1,500 pages). Tie on paper — test on your own long inputs, since usable recall varies by model.
Recency: Fugu Ultra v2.0 is the newer model by about 3 months (released September 10, 2026), usually meaning fresher training data and capabilities.
Specifications
Spec
Claude Fable 5
Fugu Ultra v2.0
Provider
Anthropic (US)
Sakana AI (Global)
Released
June 9, 2026
September 10, 2026
Context window
1M (~1,500 pages)
1M tokens (~1,500 pages)
Price (in/out)
$10/$50 per 1M tokens
$5/$30 per 1M tokens
Open weight?
No — API only
No — API only
Modalities
text, image, code
text
SWE-Bench Verified
Not published
Not published
MRCR v2 @ 1M
Not published
Not published
Who wins what
The hardest reasoning and most complex problems: Claude Fable 5 — Claude Fable 5 lists the hardest reasoning and most complex problems among its strengths; Fugu Ultra v2.0 does not.
Long-horizon, multi-step agentic work: Claude Fable 5 — Fugu Ultra v2.0 is comparatively weak here — not a single trained model — Sakana describes Fugu as "a Multi-Agent System, Delivered as One Model" that dynamically routes tasks across a pool of other models, so head-to-head benchmark framing against monolithic frontier models should be read skeptically
Frontier-level analysis and research: Claude Fable 5 — Claude Fable 5 lists frontier-level analysis and research among its strengths; Fugu Ultra v2.0 does not.
Sakana's own evaluation reports best-or-joint-best results on 5 of 8 benchmarks tested, including a 74.3 on the DeepSWE coding-repair benchmark: Fugu Ultra v2.0 — Sakana AI's flagship multi-agent orchestration model, claiming best-or-joint-best results on 5 of 8 self-reported benchmarks against monolithic frontier models — $5/$30 per million tokens — and it runs cheaper at $5/$30 per 1M tokens.
Claims to outperform flagship models like GPT-6 Astra and Claude Fable 5.1 despite its underlying orchestration pool reportedly excluding both of them: Fugu Ultra v2.0 — Claude Fable 5 is comparatively weak here — highest price in the Claude lineup
1M-token context window: Fugu Ultra v2.0 — Sakana AI's flagship multi-agent orchestration model, claiming best-or-joint-best results on 5 of 8 self-reported benchmarks against monolithic frontier models — $5/$30 per million tokens — and it is the newer of the two.
Lowest cost at scale: Fugu Ultra v2.0 — At $5/$30 per 1M tokens, it is the cheaper of the two — the gap dominates the bill on high-volume workloads.
Which should you pick?
A cost-sensitive startup shipping high volume: Fugu Ultra v2.0 — At $5/$30 per 1M tokens it undercuts Claude Fable 5, and on millions of tokens that margin decides the monthly bill.
Anyone whose priority is the hardest reasoning and most complex problems: Claude Fable 5 — It is specifically built for that.
Anyone whose priority is sakana's own evaluation reports best-or-joint-best results on 5 of 8 benchmarks tested, including a 74.3 on the deepswe coding-repair benchmark: Fugu Ultra v2.0 — That is its strongest area.
Claude Fable 5: where it fits
Anthropic's top public Mythos-class model and its most capable yet, though tier access was temporarily suspended in June 2026 under a US export-control directive. Released June 9, 2026 by Anthropic, it is built for the hardest reasoning and most complex problems, long-horizon, multi-step agentic work, frontier-level analysis and research, and work where maximum capability outweighs cost.
Its trade-offs are real: highest price in the Claude lineup, and tier access was temporarily suspended in June 2026 under a US export-control directive. At $10 in / $50 out per million tokens, it sits in the premium price band.
Fugu Ultra v2.0: where it fits
Sakana AI's flagship multi-agent orchestration model, claiming best-or-joint-best results on 5 of 8 self-reported benchmarks against monolithic frontier models — $5/$30 per million tokens. Released September 10, 2026 by Sakana AI, it is built for sakana's own evaluation reports best-or-joint-best results on 5 of 8 benchmarks tested, including a 74.3 on the DeepSWE coding-repair benchmark, claims to outperform flagship models like GPT-6 Astra and Claude Fable 5.1 despite its underlying orchestration pool reportedly excluding both of them, and 1M-token context window.
Its trade-offs: not a single trained model — Sakana describes Fugu as "a Multi-Agent System, Delivered as One Model" that dynamically routes tasks across a pool of other models, so head-to-head benchmark framing against monolithic frontier models should be read skeptically, pricing rises to roughly $10/$45 per million tokens for prompts above 272K tokens, and benchmark comparisons against GPT-6 Astra and Claude Fable 5.1 are Sakana's own self-reported figures, not independently verified head-to-head scores. At $5 in / $30 out per million tokens, it sits in the premium price band.
The bottom line for this matchup
Claude Fable 5 and Fugu Ultra v2.0 overlap enough that the right pick depends on your specific job. Fugu Ultra v2.0 costs less per token; and each leads in its own area — Claude Fable 5 for the hardest reasoning and most complex problems, Fugu Ultra v2.0 for sakana's own evaluation reports best-or-joint-best results on 5 of 8 benchmarks tested, including a 74.3 on the deepswe coding-repair benchmark. Rather than crowning one, run the same hard task through both once and let the results decide.
Frequently asked questions
Is Claude Fable 5 or Fugu Ultra v2.0 better for coding?
Public SWE-Bench figures are not available for either model, so the honest test is your own repository — run an identical real bug through both. By design, Claude Fable 5 leans toward the hardest reasoning and most complex problems while Fugu Ultra v2.0 leans toward sakana's own evaluation reports best-or-joint-best results on 5 of 8 benchmarks tested, including a 74.3 on the deepswe coding-repair benchmark, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Claude Fable 5 or Fugu Ultra v2.0?
Fugu Ultra v2.0 is cheaper — $10/$50 per 1M tokens vs $5/$30 per 1M tokens, roughly 2× apart on input.
Which has the bigger context window?
Both advertise 1M (~1,500 pages). Remember advertised ≠ usable: recall typically degrades before the ceiling.
Can I use both Claude Fable 5 and Fugu Ultra v2.0 together?
Yes — a multi-model platform like LumiChats gives you Claude Fable 5, Fugu Ultra v2.0 and 40+ others under one ₹69/day pass (about $1/day), so you can draft with one and cross-check with the other instead of buying two subscriptions.
Which is newer, Claude Fable 5 or Fugu Ultra v2.0?
Fugu Ultra v2.0 — released September 10, 2026, about 3 months after Claude Fable 5.
Claude Fable 5 vs Fugu Ultra v2.0
Anthropic · US | Sakana AI · Global · Updated June 2026
Quick verdict
Pick Claude Fable 5 for the hardest reasoning and most complex problems or long-horizon, multi-step agentic work. Pick Fugu Ultra v2.0 for sakana's own evaluation reports best-or-joint-best results on 5 of 8 benchmarks tested, including a 74.3 on the deepswe coding-repair benchmark or claims to outperform flagship models like gpt-6 astra and claude fable 5.1 despite its underlying orchestration pool reportedly excluding both of them. On a tight budget at scale, Fugu Ultra v2.0 is the value pick.
Claude Fable 5 (Anthropic) and Fugu Ultra v2.0 (Sakana AI) are two of the models people most often weigh against each other in 2026. Claude Fable 5 is anthropic's top public Mythos-class model and its most capable yet, though tier access was temporarily suspended in June 2026 under a US export-control directive. Fugu Ultra v2.0 is sakana AI's flagship multi-agent orchestration model, claiming best-or-joint-best results on 5 of 8 self-reported benchmarks against monolithic frontier models — $5/$30 per million tokens. Their biggest split is price, and the breakdown below shows exactly how that plays out for your workload.
Key differences at a glance
▸Price: Fugu Ultra v2.0 is about 2× cheaper on input ($5/$30 per 1M tokens vs $10/$50 per 1M tokens) — meaningful once you are processing millions of tokens a month.
▸Context window: both advertise 1M (~1,500 pages). Tie on paper — test on your own long inputs, since usable recall varies by model.
▸Recency: Fugu Ultra v2.0 is the newer model by about 3 months (released September 10, 2026), usually meaning fresher training data and capabilities.
Side-by-side specs
Spec
Claude Fable 5
Fugu Ultra v2.0
Provider
Anthropic (US)
Sakana AI (Global)
Released
June 9, 2026
September 10, 2026
Context window
1M (~1,500 pages)
1M tokens (~1,500 pages)
Price (in/out)
$10/$50 per 1M tokens
$5/$30 per 1M tokens
Open weight?
No — API only
No — API only
Modalities
text, image, code
text
SWE-Bench Verified
Not published
Not published
MRCR v2 @ 1M
Not published
Not published
Who wins what
The hardest reasoning and most complex problems
Claude Fable 5
Claude Fable 5 lists the hardest reasoning and most complex problems among its strengths; Fugu Ultra v2.0 does not.
Long-horizon, multi-step agentic work
Claude Fable 5
Fugu Ultra v2.0 is comparatively weak here — not a single trained model — Sakana describes Fugu as "a Multi-Agent System, Delivered as One Model" that dynamically routes tasks across a pool of other models, so head-to-head benchmark framing against monolithic frontier models should be read skeptically
Frontier-level analysis and research
Claude Fable 5
Claude Fable 5 lists frontier-level analysis and research among its strengths; Fugu Ultra v2.0 does not.
Sakana's own evaluation reports best-or-joint-best results on 5 of 8 benchmarks tested, including a 74.3 on the DeepSWE coding-repair benchmark
Fugu Ultra v2.0
Sakana AI's flagship multi-agent orchestration model, claiming best-or-joint-best results on 5 of 8 self-reported benchmarks against monolithic frontier models — $5/$30 per million tokens — and it runs cheaper at $5/$30 per 1M tokens.
Claims to outperform flagship models like GPT-6 Astra and Claude Fable 5.1 despite its underlying orchestration pool reportedly excluding both of them
Fugu Ultra v2.0
Claude Fable 5 is comparatively weak here — highest price in the Claude lineup
1M-token context window
Fugu Ultra v2.0
Sakana AI's flagship multi-agent orchestration model, claiming best-or-joint-best results on 5 of 8 self-reported benchmarks against monolithic frontier models — $5/$30 per million tokens — and it is the newer of the two.
Lowest cost at scale
Fugu Ultra v2.0
At $5/$30 per 1M tokens, it is the cheaper of the two — the gap dominates the bill on high-volume workloads.
Which should you pick?
A cost-sensitive startup shipping high volume
→ Fugu Ultra v2.0
At $5/$30 per 1M tokens it undercuts Claude Fable 5, and on millions of tokens that margin decides the monthly bill.
Anyone whose priority is the hardest reasoning and most complex problems
→ Claude Fable 5
It is specifically built for that.
Anyone whose priority is sakana's own evaluation reports best-or-joint-best results on 5 of 8 benchmarks tested, including a 74.3 on the deepswe coding-repair benchmark
→ Fugu Ultra v2.0
That is its strongest area.
Claude Fable 5: where it fits
Anthropic's top public Mythos-class model and its most capable yet, though tier access was temporarily suspended in June 2026 under a US export-control directive. Released June 9, 2026 by Anthropic, it is built for the hardest reasoning and most complex problems, long-horizon, multi-step agentic work, frontier-level analysis and research, and work where maximum capability outweighs cost.
Its trade-offs are real: highest price in the Claude lineup, and tier access was temporarily suspended in June 2026 under a US export-control directive. At $10 in / $50 out per million tokens, it sits in the premium price band.
Fugu Ultra v2.0: where it fits
Sakana AI's flagship multi-agent orchestration model, claiming best-or-joint-best results on 5 of 8 self-reported benchmarks against monolithic frontier models — $5/$30 per million tokens. Released September 10, 2026 by Sakana AI, it is built for sakana's own evaluation reports best-or-joint-best results on 5 of 8 benchmarks tested, including a 74.3 on the DeepSWE coding-repair benchmark, claims to outperform flagship models like GPT-6 Astra and Claude Fable 5.1 despite its underlying orchestration pool reportedly excluding both of them, and 1M-token context window.
Its trade-offs: not a single trained model — Sakana describes Fugu as "a Multi-Agent System, Delivered as One Model" that dynamically routes tasks across a pool of other models, so head-to-head benchmark framing against monolithic frontier models should be read skeptically, pricing rises to roughly $10/$45 per million tokens for prompts above 272K tokens, and benchmark comparisons against GPT-6 Astra and Claude Fable 5.1 are Sakana's own self-reported figures, not independently verified head-to-head scores. At $5 in / $30 out per million tokens, it sits in the premium price band.
The bottom line for this matchup
Claude Fable 5 and Fugu Ultra v2.0 overlap enough that the right pick depends on your specific job. Fugu Ultra v2.0 costs less per token; and each leads in its own area — Claude Fable 5 for the hardest reasoning and most complex problems, Fugu Ultra v2.0 for sakana's own evaluation reports best-or-joint-best results on 5 of 8 benchmarks tested, including a 74.3 on the deepswe coding-repair benchmark. Rather than crowning one, run the same hard task through both once and let the results decide.
Want both Claude Fable 5 and Fugu Ultra v2.0 without two subscriptions? LumiChats gives you these plus 40+ models under one ₹69/day pass (about $1/day) — draft with one, cross-check with the other.
Is Claude Fable 5 or Fugu Ultra v2.0 better for coding?
Public SWE-Bench figures are not available for either model, so the honest test is your own repository — run an identical real bug through both. By design, Claude Fable 5 leans toward the hardest reasoning and most complex problems while Fugu Ultra v2.0 leans toward sakana's own evaluation reports best-or-joint-best results on 5 of 8 benchmarks tested, including a 74.3 on the deepswe coding-repair benchmark, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Claude Fable 5 or Fugu Ultra v2.0?
Fugu Ultra v2.0 is cheaper — $10/$50 per 1M tokens vs $5/$30 per 1M tokens, roughly 2× apart on input.
Which has the bigger context window?
Both advertise 1M (~1,500 pages). Remember advertised ≠ usable: recall typically degrades before the ceiling.
Can I use both Claude Fable 5 and Fugu Ultra v2.0 together?
Yes — a multi-model platform like LumiChats gives you Claude Fable 5, Fugu Ultra v2.0 and 40+ others under one ₹69/day pass (about $1/day), so you can draft with one and cross-check with the other instead of buying two subscriptions.
Which is newer, Claude Fable 5 or Fugu Ultra v2.0?
Fugu Ultra v2.0 — released September 10, 2026, about 3 months after Claude Fable 5.
Specifications and benchmarks reflect publicly reported figures as of June 2026 and may change as providers release updates. Always verify on your own workload.