Claude Opus 5 Matches Opus 4.8 Pricing While Nearly Closing Gap With Fable 5
Anthropic released Claude Opus 5 on July 24, priced at $5 and $25 per million input and output tokens — identical to Opus 4.8 and half the cost of Fable 5. Despite the lower price, Opus 5 trails Fable 5 by only 1.1 points on SWE-bench Pro coding benchmarks, compared to an 11-point gap last month, effectively challenging Fable 5's dominance for demanding tasks. Developers migrating from Opus 4.8 face breaking changes, as extended thinking is now enabled by default, which can silently truncate responses when max_tokens is set too tightly. Additionally, disabling thinking while using xhigh or max effort levels now returns a 400 error, requiring an audit of all call sites before migration. Other notable changes include a lower prompt-caching threshold of 512 tokens and a separate rate-limit pool for Opus 5, meaning traffic shifts from older models will not free up or inherit existing headroom.
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