Same price, 5× the context: the clearest generational upgrade in the catalog.
claude-opus-4-5 · anthropic
claude-opus-5 · anthropic
Benchmark
| Workload Scenario | Claude Opus 4.5 | Claude Opus 5 | Price Delta |
|---|---|---|---|
| 1M input tokens (raw text) | $5.00 | $5.00 | — |
| 1M output tokens (generation) | $25.00 | $25.00 | — |
| 1M tokens · 70% input / 30% output mix | $11.00 | $11.00 | — |
| Standard chat turn (4K in / 800 out, 50% cached) | $0.031 | $0.031 | — |
| Monthly scale (10K requests / day) | $9,300.00 | $9,300.00 | — |
Negative difference = Claude Opus 4.5 is cheaper. Positive = Claude Opus 5 is cheaper.
Scaling Curve
Total cost of a token volume at 70/30 input/output split (uncached). Log-log scale.
Verdict
Claude Opus 5 is cheaper on both input and output rates, so it costs less at every input/output mix. Price alone still isn't the whole decision: capability, latency and context limits (Claude Opus 4.5: 200K, Claude Opus 5: 1M) may justify the premium for your task.
FAQ
On input, Claude Opus 5 is cheaper ($5.00/M vs $5.00/M). On output, Claude Opus 4.5 is cheaper ($25.00/M vs $25.00/M). The same model is cheaper on both sides, so it wins at every mix.
A chat-style request (4,000 input + 800 output tokens, 50% cached) costs $0.031 on Claude Opus 4.5 and $0.031 on Claude Opus 5 — Claude Opus 4.5 is equal for that workload.
Claude Opus 4.5 supports 200,000 tokens (64K max output); Claude Opus 5 supports 1,000,000 (128K max output). Claude Opus 5 fits 5.0× more context, which matters for long documents and agents.