Pick Claude Opus 5.5 for performs at roughly claude fable 5.1's level on most work, at 40% lower typical workload cost than opus 5 or anthropic reports it surpasses fable 5.1 on agentic coding, knowledge work, computer use, visual chart recognition, and multidisciplinary reasoning. Pick Fugu Max for cost-efficient multi-agent orchestration — undercuts claude sonnet 5 and kimi k3 on output cost by a claimed 40-60% or 1m-token context window at $2/$6 per million tokens. On a tight budget at scale, Fugu Max is the value pick.
Claude Opus 5.5 (Anthropic) and Fugu Max (Sakana AI) are two of the models people most often weigh against each other in 2026. Claude Opus 5.5 is anthropic's September 22, 2026 update: Fable 5.1-level performance at 40% lower cost than Opus 5, with faster output and cheaper caching. Fugu Max is sakana AI's cost-first multi-agent orchestration model — not a single trained model, but a routed pool of models behind one API, priced at $2/$6 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 Max is about 2× cheaper on input ($2/$6 per 1M tokens vs $4/$20 per 1M tokens) — meaningful once you are processing millions of tokens a month.
Context window: both advertise 1M tokens (~1,500 pages). Tie on paper — test on your own long inputs, since usable recall varies by model.
Specifications
Spec
Claude Opus 5.5
Fugu Max
Provider
Anthropic (US)
Sakana AI (Global)
Released
September 22, 2026
September 10, 2026
Context window
1M tokens (~1,500 pages)
1M tokens (~1,500 pages)
Price (in/out)
$4/$20 per 1M tokens
$2/$6 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
Performs at roughly Claude Fable 5.1's level on most work, at 40% lower typical workload cost than Opus 5: Claude Opus 5.5 — Fugu Max is comparatively weak here — the cheaper sibling to Fugu Ultra v2 — lower ceiling on the hardest reasoning tasks
Anthropic reports it surpasses Fable 5.1 on agentic coding, knowledge work, computer use, visual chart recognition, and multidisciplinary reasoning: Claude Opus 5.5 — Anthropic's September 22, 2026 update: Fable 5.1-level performance at 40% lower cost than Opus 5, with faster output and cheaper caching — and it is the newer of the two.
Pricing cut to $4/$20 per million tokens (20% below Opus 5's $5/$25), cache reads down 60% to $0.20/MTok: Claude Opus 5.5 — Claude Opus 5.5 lists pricing cut to $4/$20 per million tokens (20% below Opus 5's $5/$25), cache reads down 60% to $0.20/MTok among its strengths; Fugu Max does not.
Cost-efficient multi-agent orchestration — undercuts Claude Sonnet 5 and Kimi K3 on output cost by a claimed 40-60%: Fugu Max — At $2/$6 per 1M tokens it undercuts Claude Opus 5.5 ($4/$20 per 1M tokens), and that gap compounds at volume.
1M-token context window at $2/$6 per million tokens: Fugu Max — Claude Opus 5.5 is comparatively weak here — like Opus 5, the headline 1M-token context is not uniformly available across every platform and plan — some API paths default to a smaller window
OpenAI-compatible API — drop-in replacement for single-model integrations: Fugu Max — Claude Opus 5.5 is comparatively weak here — first model in the 5.5 line; Anthropic has signaled Sonnet 5.5 and Haiku 5.5 are still weeks away, so the lower tiers of the family aren't out yet
Lowest cost at scale: Fugu Max — At $2/$6 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 Max — At $2/$6 per 1M tokens it undercuts Claude Opus 5.5, and on millions of tokens that margin decides the monthly bill.
Anyone whose priority is performs at roughly claude fable 5.1's level on most work, at 40% lower typical workload cost than opus 5: Claude Opus 5.5 — It is specifically built for that.
Anyone whose priority is cost-efficient multi-agent orchestration — undercuts claude sonnet 5 and kimi k3 on output cost by a claimed 40-60%: Fugu Max — That is its strongest area.
Claude Opus 5.5: where it fits
Anthropic's September 22, 2026 update: Fable 5.1-level performance at 40% lower cost than Opus 5, with faster output and cheaper caching. Released September 22, 2026 by Anthropic, it is built for performs at roughly Claude Fable 5.1's level on most work, at 40% lower typical workload cost than Opus 5, anthropic reports it surpasses Fable 5.1 on agentic coding, knowledge work, computer use, visual chart recognition, and multidisciplinary reasoning, pricing cut to $4/$20 per million tokens (20% below Opus 5's $5/$25), cache reads down 60% to $0.20/MTok, and output speed increased over 30% versus Opus 5.
Its trade-offs are real: not a reasoning-ceiling upgrade over Fable 5.1 — pitched as matching its performance at lower cost, not beating it outright, like Opus 5, the headline 1M-token context is not uniformly available across every platform and plan — some API paths default to a smaller window, and first model in the 5.5 line; Anthropic has signaled Sonnet 5.5 and Haiku 5.5 are still weeks away, so the lower tiers of the family aren't out yet. At $4 in / $20 out per million tokens, it sits in the mid price band.
Fugu Max: where it fits
Sakana AI's cost-first multi-agent orchestration model — not a single trained model, but a routed pool of models behind one API, priced at $2/$6 per million tokens. Released September 10, 2026 by Sakana AI, it is built for cost-efficient multi-agent orchestration — undercuts Claude Sonnet 5 and Kimi K3 on output cost by a claimed 40-60%, 1M-token context window at $2/$6 per million tokens, and openAI-compatible API — drop-in replacement for single-model integrations.
Its trade-offs: not a single trained model — Sakana describes Fugu as "a Multi-Agent System, Delivered as One Model" that routes tasks across a pool of other models, so raw benchmark comparisons to monolithic models can be misleading, the cheaper sibling to Fugu Ultra v2 — lower ceiling on the hardest reasoning tasks, and a young, first-generation product from Sakana AI's orchestration approach, unproven at scale versus established frontier labs. At $2 in / $6 out per million tokens, it sits in the mid price band.
The bottom line for this matchup
Claude Opus 5.5 and Fugu Max overlap enough that the right pick depends on your specific job. Fugu Max costs less per token; and each leads in its own area — Claude Opus 5.5 for performs at roughly claude fable 5.1's level on most work, at 40% lower typical workload cost than opus 5, Fugu Max for cost-efficient multi-agent orchestration — undercuts claude sonnet 5 and kimi k3 on output cost by a claimed 40-60%. Rather than crowning one, run the same hard task through both once and let the results decide.
Frequently asked questions
Is Claude Opus 5.5 or Fugu Max 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 Opus 5.5 leans toward performs at roughly claude fable 5.1's level on most work, at 40% lower typical workload cost than opus 5 while Fugu Max leans toward cost-efficient multi-agent orchestration — undercuts claude sonnet 5 and kimi k3 on output cost by a claimed 40-60%, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Claude Opus 5.5 or Fugu Max?
Fugu Max is cheaper — $4/$20 per 1M tokens vs $2/$6 per 1M tokens, roughly 2× apart on input.
Which has the bigger context window?
Both advertise 1M tokens (~1,500 pages). Remember advertised ≠ usable: recall typically degrades before the ceiling.
Can I use both Claude Opus 5.5 and Fugu Max together?
Yes — a multi-model platform like LumiChats gives you Claude Opus 5.5, Fugu Max 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 Opus 5.5 or Fugu Max?
Claude Opus 5.5 — released September 22, 2026, about 12 days after Fugu Max.
Claude Opus 5.5 vs Fugu Max
Anthropic · US | Sakana AI · Global · Updated June 2026
Quick verdict
Pick Claude Opus 5.5 for performs at roughly claude fable 5.1's level on most work, at 40% lower typical workload cost than opus 5 or anthropic reports it surpasses fable 5.1 on agentic coding, knowledge work, computer use, visual chart recognition, and multidisciplinary reasoning. Pick Fugu Max for cost-efficient multi-agent orchestration — undercuts claude sonnet 5 and kimi k3 on output cost by a claimed 40-60% or 1m-token context window at $2/$6 per million tokens. On a tight budget at scale, Fugu Max is the value pick.
Claude Opus 5.5 (Anthropic) and Fugu Max (Sakana AI) are two of the models people most often weigh against each other in 2026. Claude Opus 5.5 is anthropic's September 22, 2026 update: Fable 5.1-level performance at 40% lower cost than Opus 5, with faster output and cheaper caching. Fugu Max is sakana AI's cost-first multi-agent orchestration model — not a single trained model, but a routed pool of models behind one API, priced at $2/$6 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 Max is about 2× cheaper on input ($2/$6 per 1M tokens vs $4/$20 per 1M tokens) — meaningful once you are processing millions of tokens a month.
▸Context window: both advertise 1M tokens (~1,500 pages). Tie on paper — test on your own long inputs, since usable recall varies by model.
Side-by-side specs
Spec
Claude Opus 5.5
Fugu Max
Provider
Anthropic (US)
Sakana AI (Global)
Released
September 22, 2026
September 10, 2026
Context window
1M tokens (~1,500 pages)
1M tokens (~1,500 pages)
Price (in/out)
$4/$20 per 1M tokens
$2/$6 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
Performs at roughly Claude Fable 5.1's level on most work, at 40% lower typical workload cost than Opus 5
Claude Opus 5.5
Fugu Max is comparatively weak here — the cheaper sibling to Fugu Ultra v2 — lower ceiling on the hardest reasoning tasks
Anthropic reports it surpasses Fable 5.1 on agentic coding, knowledge work, computer use, visual chart recognition, and multidisciplinary reasoning
Claude Opus 5.5
Anthropic's September 22, 2026 update: Fable 5.1-level performance at 40% lower cost than Opus 5, with faster output and cheaper caching — and it is the newer of the two.
Pricing cut to $4/$20 per million tokens (20% below Opus 5's $5/$25), cache reads down 60% to $0.20/MTok
Claude Opus 5.5
Claude Opus 5.5 lists pricing cut to $4/$20 per million tokens (20% below Opus 5's $5/$25), cache reads down 60% to $0.20/MTok among its strengths; Fugu Max does not.
Cost-efficient multi-agent orchestration — undercuts Claude Sonnet 5 and Kimi K3 on output cost by a claimed 40-60%
Fugu Max
At $2/$6 per 1M tokens it undercuts Claude Opus 5.5 ($4/$20 per 1M tokens), and that gap compounds at volume.
1M-token context window at $2/$6 per million tokens
Fugu Max
Claude Opus 5.5 is comparatively weak here — like Opus 5, the headline 1M-token context is not uniformly available across every platform and plan — some API paths default to a smaller window
OpenAI-compatible API — drop-in replacement for single-model integrations
Fugu Max
Claude Opus 5.5 is comparatively weak here — first model in the 5.5 line; Anthropic has signaled Sonnet 5.5 and Haiku 5.5 are still weeks away, so the lower tiers of the family aren't out yet
Lowest cost at scale
Fugu Max
At $2/$6 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 Max
At $2/$6 per 1M tokens it undercuts Claude Opus 5.5, and on millions of tokens that margin decides the monthly bill.
Anyone whose priority is performs at roughly claude fable 5.1's level on most work, at 40% lower typical workload cost than opus 5
→ Claude Opus 5.5
It is specifically built for that.
Anyone whose priority is cost-efficient multi-agent orchestration — undercuts claude sonnet 5 and kimi k3 on output cost by a claimed 40-60%
→ Fugu Max
That is its strongest area.
Claude Opus 5.5: where it fits
Anthropic's September 22, 2026 update: Fable 5.1-level performance at 40% lower cost than Opus 5, with faster output and cheaper caching. Released September 22, 2026 by Anthropic, it is built for performs at roughly Claude Fable 5.1's level on most work, at 40% lower typical workload cost than Opus 5, anthropic reports it surpasses Fable 5.1 on agentic coding, knowledge work, computer use, visual chart recognition, and multidisciplinary reasoning, pricing cut to $4/$20 per million tokens (20% below Opus 5's $5/$25), cache reads down 60% to $0.20/MTok, and output speed increased over 30% versus Opus 5.
Its trade-offs are real: not a reasoning-ceiling upgrade over Fable 5.1 — pitched as matching its performance at lower cost, not beating it outright, like Opus 5, the headline 1M-token context is not uniformly available across every platform and plan — some API paths default to a smaller window, and first model in the 5.5 line; Anthropic has signaled Sonnet 5.5 and Haiku 5.5 are still weeks away, so the lower tiers of the family aren't out yet. At $4 in / $20 out per million tokens, it sits in the mid price band.
Fugu Max: where it fits
Sakana AI's cost-first multi-agent orchestration model — not a single trained model, but a routed pool of models behind one API, priced at $2/$6 per million tokens. Released September 10, 2026 by Sakana AI, it is built for cost-efficient multi-agent orchestration — undercuts Claude Sonnet 5 and Kimi K3 on output cost by a claimed 40-60%, 1M-token context window at $2/$6 per million tokens, and openAI-compatible API — drop-in replacement for single-model integrations.
Its trade-offs: not a single trained model — Sakana describes Fugu as "a Multi-Agent System, Delivered as One Model" that routes tasks across a pool of other models, so raw benchmark comparisons to monolithic models can be misleading, the cheaper sibling to Fugu Ultra v2 — lower ceiling on the hardest reasoning tasks, and a young, first-generation product from Sakana AI's orchestration approach, unproven at scale versus established frontier labs. At $2 in / $6 out per million tokens, it sits in the mid price band.
The bottom line for this matchup
Claude Opus 5.5 and Fugu Max overlap enough that the right pick depends on your specific job. Fugu Max costs less per token; and each leads in its own area — Claude Opus 5.5 for performs at roughly claude fable 5.1's level on most work, at 40% lower typical workload cost than opus 5, Fugu Max for cost-efficient multi-agent orchestration — undercuts claude sonnet 5 and kimi k3 on output cost by a claimed 40-60%. Rather than crowning one, run the same hard task through both once and let the results decide.
Want both Claude Opus 5.5 and Fugu Max 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.
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 Opus 5.5 leans toward performs at roughly claude fable 5.1's level on most work, at 40% lower typical workload cost than opus 5 while Fugu Max leans toward cost-efficient multi-agent orchestration — undercuts claude sonnet 5 and kimi k3 on output cost by a claimed 40-60%, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Claude Opus 5.5 or Fugu Max?
Fugu Max is cheaper — $4/$20 per 1M tokens vs $2/$6 per 1M tokens, roughly 2× apart on input.
Which has the bigger context window?
Both advertise 1M tokens (~1,500 pages). Remember advertised ≠ usable: recall typically degrades before the ceiling.
Can I use both Claude Opus 5.5 and Fugu Max together?
Yes — a multi-model platform like LumiChats gives you Claude Opus 5.5, Fugu Max 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 Opus 5.5 or Fugu Max?
Claude Opus 5.5 — released September 22, 2026, about 12 days after Fugu Max.
Specifications and benchmarks reflect publicly reported figures as of June 2026 and may change as providers release updates. Always verify on your own workload.