Claude Opus 5 vs Step 5 Preview
Anthropic · US | StepFun · China · Updated June 2026
Quick verdict
Pick Claude Opus 5 for frontier reasoning at lower cost per task — anthropic reports it more than doubling opus 4.8 on frontier-bench v0.1 or agentic coding — within 0.5% of fable 5's peak cursorbench 3.2 score at half the cost per task (anthropic's figures). Pick Step 5 Preview for sparse moe architecture — 600b total parameters, only 27b active per token — built for long-horizon agentic work across large codebases and documents or 1m-token context window (64k max output) at $1/$2.70 per million tokens, among the cheapest frontier-scale context windows available. On a tight budget at scale, Step 5 Preview is the value pick.
Claude Opus 5 (Anthropic, US) and Step 5 Preview (StepFun, China) line up two different AI ecosystems against each other — a comparison that is as much about cost philosophy and openness as raw capability. Claude Opus 5 is anthropic's July 2026 flagship at $5/$25 with a 1M window and an effort dial — near-frontier quality pitched on cost per task, not raw peak. Step 5 Preview is stepFun's September 20, 2026 flagship preview — a 600B-parameter sparse MoE model (27B active) with a 1M-token context window at $1/$2.70 per million tokens, open weights promised for mid-October. Their biggest split is price, and the breakdown below shows exactly how that plays out for your workload.
Key differences at a glance
- ▸Price: Step 5 Preview is about 5× cheaper on input ($1/$2.7 per 1M tokens vs $5/$25 per 1M tokens) — a large enough gap that at scale it can be the single biggest line item in the decision.
- ▸Context window: both advertise 1M (~1,500 pages). Tie on paper — test on your own long inputs, since usable recall varies by model.
- ▸Recency: Step 5 Preview is the newer model by about 58 days (released September 20, 2026), usually meaning fresher training data and capabilities.
- ▸Ecosystem: this is a US-vs-China matchup — they differ in pricing philosophy, data-residency options, and tooling ecosystems, not only benchmarks.
Side-by-side specs
| Spec | Claude Opus 5 | Step 5 Preview |
|---|---|---|
| Provider | Anthropic (US) | StepFun (China) |
| Released | July 24, 2026 | September 20, 2026 |
| Context window | 1M (~1,500 pages) | 1M tokens (~1,500 pages) |
| Price (in/out) | $5/$25 per 1M tokens | $1/$2.7 per 1M tokens |
| Open weight? | No — API only | No — API only |
| Modalities | text, image, code | text, image, code |
| SWE-Bench Verified | Not published | Not published |
| MRCR v2 @ 1M | Not published | Not published |
Who wins what
Frontier reasoning at lower cost per task — Anthropic reports it more than doubling Opus 4.8 on Frontier-Bench v0.1
Claude Opus 5
Step 5 Preview is comparatively weak here — trails closed frontier models on coding — 67.7% on DeepSWE v1.1 vs GPT-6 Astra's 74.1% and Claude Opus 5's 74.0%
Agentic coding — within 0.5% of Fable 5's peak CursorBench 3.2 score at half the cost per task (Anthropic's figures)
Claude Opus 5
Claude Opus 5 lists agentic coding — within 0.5% of Fable 5's peak CursorBench 3.2 score at half the cost per task (Anthropic's figures) among its strengths; Step 5 Preview does not.
Computer use — surpasses Fable 5's best OSWorld 2.0 result at just over a third of the cost
Claude Opus 5
Claude Opus 5 lists computer use — surpasses Fable 5's best OSWorld 2.0 result at just over a third of the cost among its strengths; Step 5 Preview does not.
Sparse MoE architecture — 600B total parameters, only 27B active per token — built for long-horizon agentic work across large codebases and documents
Step 5 Preview
StepFun's September 20, 2026 flagship preview — a 600B-parameter sparse MoE model (27B active) with a 1M-token context window at $1/$2.70 per million tokens, open weights promised for mid-October — and it runs cheaper at $1/$2.7 per 1M tokens.
1M-token context window (64K max output) at $1/$2.70 per million tokens, among the cheapest frontier-scale context windows available
Step 5 Preview
At $1/$2.7 per 1M tokens it undercuts Claude Opus 5 ($5/$25 per 1M tokens), and that gap compounds at volume.
67.7% on DeepSWE v1.1, ahead of open-weight rivals Kimi K3 (67.5%) and GLM-5.3 (66.9%)
Step 5 Preview
StepFun's September 20, 2026 flagship preview — a 600B-parameter sparse MoE model (27B active) with a 1M-token context window at $1/$2.70 per million tokens, open weights promised for mid-October — and it is the newer of the two.
Lowest cost at scale
Step 5 Preview
At $1/$2.7 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
→ Step 5 Preview
At $1/$2.7 per 1M tokens it undercuts Claude Opus 5, and on millions of tokens that margin decides the monthly bill.
Anyone whose priority is frontier reasoning at lower cost per task — anthropic reports it more than doubling opus 4.8 on frontier-bench v0.1
→ Claude Opus 5
It is specifically built for that.
Anyone whose priority is sparse moe architecture — 600b total parameters, only 27b active per token — built for long-horizon agentic work across large codebases and documents
→ Step 5 Preview
That is its strongest area.
An enterprise with regional data-residency rules
→ Claude Opus 5 or Step 5 Preview
Origin (US vs China) affects where data is processed and which compliance regime applies — check the provider's terms for your region.
Claude Opus 5: where it fits
Anthropic's July 2026 flagship at $5/$25 with a 1M window and an effort dial — near-frontier quality pitched on cost per task, not raw peak. Released July 24, 2026 by Anthropic, it is built for frontier reasoning at lower cost per task — Anthropic reports it more than doubling Opus 4.8 on Frontier-Bench v0.1, agentic coding — within 0.5% of Fable 5's peak CursorBench 3.2 score at half the cost per task (Anthropic's figures), computer use — surpasses Fable 5's best OSWorld 2.0 result at just over a third of the cost, and a native effort setting (low, medium, high, xhigh, max) that trades token cost against capability on a single model.
Its trade-offs are real: behind Mythos 5 on cybersecurity exploitation and biology research, by Anthropic's own account, all launch benchmarks are Anthropic-reported and not yet independently reproduced, no published SWE-Bench Verified score, so head-to-head coding comparisons rely on Anthropic's own benchmark suite, and fast mode's throughput costs double the base price ($10/$50 per 1M). At $5 in / $25 out per million tokens, it sits in the premium price band.
Step 5 Preview: where it fits
StepFun's September 20, 2026 flagship preview — a 600B-parameter sparse MoE model (27B active) with a 1M-token context window at $1/$2.70 per million tokens, open weights promised for mid-October. Released September 20, 2026 by StepFun, it is built for sparse MoE architecture — 600B total parameters, only 27B active per token — built for long-horizon agentic work across large codebases and documents, 1M-token context window (64K max output) at $1/$2.70 per million tokens, among the cheapest frontier-scale context windows available, 67.7% on DeepSWE v1.1, ahead of open-weight rivals Kimi K3 (67.5%) and GLM-5.3 (66.9%), and scores 44 on the Artificial Analysis Intelligence Index, ranking 27th of 653 models tracked.
Its trade-offs: trails closed frontier models on coding — 67.7% on DeepSWE v1.1 vs GPT-6 Astra's 74.1% and Claude Opus 5's 74.0%, open weights were promised for October 15, 2026 but hadn't shipped as of this writing — API-only for now despite the open-weight roadmap, a 'Preview' release, not StepFun's finished flagship — positioning and pricing may change once weights ship, and stepCodeBench and DeepSWE figures are StepFun's own reported numbers, not yet independently reproduced at scale. At $1 in / $2.7 out per million tokens, it sits in the budget price band.
The bottom line for this matchup
This is less "which is smarter" and more "which ecosystem fits." Claude Opus 5 (US) and Step 5 Preview (China) differ on pricing philosophy, data-residency, and tooling as much as on raw scores. Step 5 Preview is the cheaper option, which matters at volume. The pragmatic move is to run one real task through both and judge the outputs against your own constraints — including where your data is allowed to be processed.
Want both Claude Opus 5 and Step 5 Preview 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.
See pricingFrequently asked questions
Is Claude Opus 5 or Step 5 Preview 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 leans toward frontier reasoning at lower cost per task — anthropic reports it more than doubling opus 4.8 on frontier-bench v0.1 while Step 5 Preview leans toward sparse moe architecture — 600b total parameters, only 27b active per token — built for long-horizon agentic work across large codebases and documents, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Claude Opus 5 or Step 5 Preview?
Step 5 Preview is cheaper — $5/$25 per 1M tokens vs $1/$2.7 per 1M tokens, roughly 5× 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 Opus 5 and Step 5 Preview together?
Yes — a multi-model platform like LumiChats gives you Claude Opus 5, Step 5 Preview 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 or Step 5 Preview?
Step 5 Preview — released September 20, 2026, about 58 days after Claude Opus 5.
Related comparisons
Specifications and benchmarks reflect publicly reported figures as of June 2026 and may change as providers release updates. Always verify on your own workload.