Claude Opus 5

Anthropic released 2026-07-24 proprietary

$10.00 per million tokens, balanced

Nothing is both better and cheaper.

Under a balanced workload, no other model in the catalogue scores higher and costs less. This model is on the value frontier.

The same model via batch is 50% cheaper ($5.00/M) — same weights, different latency.

Our take

editorial — not a measurement

The best price/intelligence point at the frontier right now and the model most teams should default to for hard agentic work. It tops the Artificial Analysis intelligence index at 63 while costing $5/$25 — half of Fable 5, which scores lower. The flat 1M-token context with no tiered pricing is a genuine structural advantage over OpenAI, Google and xAI, all of which roughly double their rate past a threshold; a 900k-token Opus 5 request costs the same per token as a 9k one, which nothing else at this tier can say. Caveats: ~41s TTFT at max effort, and the same ~30% tokenizer inflation as Fable 5, so compare it to older models on cost-per-task, not cost-per-token.

  • Unverified in this take: This note cites a time-to-first-token figure that the data layer withheld as implausible (it appears to be total reasoning time mislabelled at source). Treat it as unverified.
  • Unverified in this take: Anthropic does publish a token-inflation figure, but it compares newer Claude models against EARLIER CLAUDE models — not against another vendor. The cross-vendor version of this claim is unsupported, so read any comparison to a non-Claude price with that in mind.

Strengths

  • Highest Artificial Analysis intelligence index observed (63)
  • Flat pricing across the full 1M window — no long-context cliff
  • Half the price of Fable 5 at equal-or-better measured intelligence
  • Effort parameter (low through max) gives real cost/quality control
  • Fast-mode variant available at 2x for latency-sensitive work

Weaknesses

  • ~41s time-to-first-token at max effort
  • ~30% more tokens for the same text than pre-4.7 models
  • Fast mode is first-party API only and excluded from batch

Reach for it when

  • Complex agentic coding
  • Long-context document and codebase work
  • Default frontier choice for enterprise workloads

Avoid it if

  • Sub-second first token is required
  • The task is simple enough for Sonnet 5

Sources: platform.claude.complatform.claude.comartificialanalysis.ai

Every price dimension

Input$5.00/M
Output$25.00/M
Cached input$0.500/M
Cache write$6.25/M
Cache write 1h$10.00/M
Web search$0.01/call
Batch discount50%

Independent scores

Intelligence63.1
Coding78
Agentic59.2
LMArena Elo1504.2high

Sources are listed separately rather than averaged. Across the 62 models both have scored they correlate at r = 0.806 — close agreement overall, but four models rank very differently between them, and a blended score would hide exactly those.

Best rankings by task

  • svg #1of 98 1368
  • codecategories #2of 145 1350
  • uicomponent #2of 140 1371
  • 3d #2of 136 1380
  • website #3of 151 1332
  • gamedev #3of 144 1381
  • fullstack #3of 59 1353
  • dataviz #4of 142 1358

Capability

Context window1M
Max output128K
Input modestext, image, file
Tool useyes
Reasoningoptional
Open weightsno

Provenance

Price sourceopenrouter.ai
Fetched2026-08-24
Quality dataverified
Cross-checkedvendor page

A published time-to-first-token figure for this model was implausible (41s) and has been withheld rather than displayed.

Claude Opus 5 is Anthropic’s flagship model for demanding reasoning, coding, and long-horizon agentic work. It is particularly strong at end-to-end software tasks, code review and bug finding, visual analysis...

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