Fugu Max vs Nanbeige4.3-33B
Sakana AI · Global | Nanbeige LLM Lab (BOSS Zhipin) · China · Updated June 2026
Quick verdict
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. Pick Nanbeige4.3-33B for 33b dense open-weight model under apache 2.0 with a 524,288-token context or artificial analysis intelligence index of 20, first of the 8 models in its comparison class. Choose Nanbeige4.3-33B if you need self-hosting or data privacy; Fugu Max if you want a managed API.
Fugu Max (Sakana AI) and Nanbeige4.3-33B (Nanbeige LLM Lab (BOSS Zhipin)) are two of the models people most often weigh against each other in 2026. 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. Nanbeige4.3-33B is nanbeige LLM Lab's October 25, 2026 Apache 2.0 open model - 33B parameters and 512K context, aimed at agentic coding on modest hardware. They diverge most on price, context window and open vs. closed weights — each quantified below from the models' real specs.
Key differences at a glance
- ▸Cost model: Nanbeige4.3-33B ships open weights you can self-host (hardware cost only, no per-token fee), while Fugu Max is API-metered at $2/$6 per 1M tokens. Your choice depends on whether you want zero marginal cost at the price of running infrastructure.
- ▸Context window: Fugu Max holds 1.9× more — 1M tokens (~1,500 pages) vs 512K tokens (~786 pages). But effective recall usually fades long before the advertised ceiling, so the bigger number only helps if the model reasons over it.
- ▸Recency: Nanbeige4.3-33B is the newer model by about 45 days (released October 25, 2026), usually meaning fresher training data and capabilities.
Side-by-side specs
| Spec | Fugu Max | Nanbeige4.3-33B |
|---|---|---|
| Provider | Sakana AI (Global) | Nanbeige LLM Lab (BOSS Zhipin) (China) |
| Released | September 10, 2026 | October 25, 2026 |
| Context window | 1M tokens (~1,500 pages) | 512K tokens (~786 pages) |
| Price (in/out) | $2/$6 per 1M tokens | Open weight (self-host / free) |
| Open weight? | No — API only | Yes — self-hostable |
| Modalities | text | text, code |
| SWE-Bench Verified | Not published | Not published |
| MRCR v2 @ 1M | Not published | Not published |
Who wins what
Cost-efficient multi-agent orchestration — undercuts Claude Sonnet 5 and Kimi K3 on output cost by a claimed 40-60%
Fugu Max
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 — and it carries the larger 1M tokens context.
1M-token context window at $2/$6 per million tokens
Fugu Max
Its 1M tokens window holds about 1.9× more than Nanbeige4.3-33B's 512K tokens in a single prompt.
OpenAI-compatible API — drop-in replacement for single-model integrations
Fugu Max
Nanbeige4.3-33B is comparatively weak here — coding benchmarks are self-reported, with non-standard settings noted on the model card and no independent reproduction
33B dense open-weight model under Apache 2.0 with a 524,288-token context
Nanbeige4.3-33B
Open weights make this possible at all — Fugu Max is API-only, so it cannot leave the vendor's servers.
Artificial Analysis Intelligence Index of 20, first of the 8 models in its comparison class
Nanbeige4.3-33B
Fugu Max is comparatively weak here — 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
Lab-reported Terminal-Bench 2.1 of 80.9 and DeepSWE of 65.5
Nanbeige4.3-33B
Nanbeige LLM Lab's October 25, 2026 Apache 2.0 open model - 33B parameters and 512K context, aimed at agentic coding on modest hardware — and its weights are open while Fugu Max is API-only.
Lowest cost at scale
Nanbeige4.3-33B
Its weights are open, so at volume you pay for your own hardware instead of Fugu Max's $2/$6 per 1M tokens.
Largest single-prompt input
Fugu Max
Its 1M tokens window is about 1.9× larger than Nanbeige4.3-33B's 512K tokens, fitting roughly 1,500 pages in one prompt.
Which should you pick?
A cost-sensitive startup shipping high volume
→ Nanbeige4.3-33B
At Open weight (self-host / free) it undercuts Fugu Max, and on millions of tokens that margin decides the monthly bill.
Someone analysing very long documents or codebases
→ Fugu Max
Larger 1M tokens window fits more in one prompt.
A team with data-privacy or self-hosting needs
→ Nanbeige4.3-33B
Open weights let you run it on your own hardware; Fugu Max is API-only.
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
It is specifically built for that.
Anyone whose priority is 33b dense open-weight model under apache 2.0 with a 524,288-token context
→ Nanbeige4.3-33B
That is its strongest area.
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 are real: 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.
Nanbeige4.3-33B: where it fits
Nanbeige LLM Lab's October 25, 2026 Apache 2.0 open model - 33B parameters and 512K context, aimed at agentic coding on modest hardware. Released October 25, 2026 by Nanbeige LLM Lab (BOSS Zhipin), it is built for 33B dense open-weight model under Apache 2.0 with a 524,288-token context, artificial Analysis Intelligence Index of 20, first of the 8 models in its comparison class, and lab-reported Terminal-Bench 2.1 of 80.9 and DeepSWE of 65.5.
Its trade-offs: coding benchmarks are self-reported, with non-standard settings noted on the model card and no independent reproduction, no public first-party API or per-token price; Artificial Analysis lists no publicly available API, and text-only input. As an open-weight model, its running cost is your own hardware rather than a per-token fee.
The bottom line for this matchup
The defining split here is open vs. closed. Nanbeige4.3-33B gives you weights you control — self-host it, fine-tune it, keep data in-house, pay only for hardware. Fugu Max gives you a managed, always-updated API with no infrastructure to run. Teams with GPUs, privacy requirements, or huge volume often favour the open model; teams that want zero ops and the latest capabilities favour the closed one. Capability is close enough that this operational question, not the benchmark, usually decides it.
Want both Fugu Max and Nanbeige4.3-33B 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 Fugu Max or Nanbeige4.3-33B 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, Fugu Max leans toward cost-efficient multi-agent orchestration — undercuts claude sonnet 5 and kimi k3 on output cost by a claimed 40-60% while Nanbeige4.3-33B leans toward 33b dense open-weight model under apache 2.0 with a 524,288-token context, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Fugu Max or Nanbeige4.3-33B?
Nanbeige4.3-33B is open-weight, so self-hosting means no per-token fee (you pay for hardware instead), while Fugu Max is API-metered at $2/$6 per 1M tokens. For most teams without GPUs, the API model is cheaper to start; at very high volume, self-hosting can win.
Which has the bigger context window?
Fugu Max — 1M tokens vs 512K tokens, about 1.9× larger. Useful only if the model actually reasons over the full window, which not all do.
Can I use both Fugu Max and Nanbeige4.3-33B together?
Yes — a multi-model platform like LumiChats gives you Fugu Max, Nanbeige4.3-33B 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, Fugu Max or Nanbeige4.3-33B?
Nanbeige4.3-33B — released October 25, 2026, about 45 days after Fugu Max.
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.