Polarison
Prices verified November 11, 2026

Claude Fable 5.2 vs GPT-5.6 Luna: pricing and benchmarks

GPT-5.6 Luna is 98% cheaper on input tokens ($0.20 vs $8.00 per 1M). GPT-5.6 Luna is 97% cheaper on output tokens ($1.20 vs $40.00 per 1M). On our document Q&A workload (50,000 questions a month), GPT-5.6 Luna costs $116.00 a month versus $4,400 for Claude Fable 5.2, 97% less. Epoch AI has not published a capability index score for Claude Fable 5.2 yet.

Anthropic

Claude Fable 5.2

Input / 1M
$8.00
Output / 1M
$40.00
Capability (ECI)
—
OpenAILower blended cost

GPT-5.6 Luna

Input / 1M
$0.20
Output / 1M
$1.20
Capability (ECI)
156.3

Which should you choose?

Overall capability
Too close to call

Epoch AI has not published a capability index score for Claude Fable 5.2 yet.

Price
GPT-5.6 Luna

GPT-5.6 Luna costs $0.45 per 1M tokens (3:1 input-to-output mix) vs $16.00 for Claude Fable 5.2, 97% less.

Pricing and specs

Claude Fable 5.2GPT-5.6 Luna
ProviderAnthropicOpenAI
API model IDclaude-fable-5-2gpt-5.6-luna
Input / 1M tokens$8.00$0.20
Cached input / 1M tokens$0.20$0.02
Output / 1M tokens$40.00$1.20
Long-context rates—$0.40 in / $1.80 out on long-context requests
Context window1M tokens1.05M tokens
Max output128K tokens128K tokens
Batch discount50% off50% off

Benchmarks

Claude Fable 5.2GPT-5.6 Luna
Epoch Capabilities Index—156.3
GPQA Diamond· Science reasoning—91.6%
FrontierMath (Tiers 1–3)· Advanced math—82.1%
SimpleQA Verified· Factual accuracy—41.0%
ARC-AGI-2· Abstract reasoning—59.5%
DeepSWE· Coding—67.2%
APEX-Agents· Agentic work—43.0%

Source: Epoch AI, best recorded result per model (CC BY 4.0). A dash means no published score. See all benchmarks

Monthly cost for real workloads

WorkloadClaude Fable 5.2GPT-5.6 LunaDifference
Support chatbot
100,000 replies a month, ~1,500 input tokens (system prompt + history) and ~400 output tokens each.
$2,800$78.00GPT-5.6 Luna 97% cheaper
Document Q&A (RAG)
50,000 questions a month with ~8,000 tokens of retrieved context and ~600 output tokens each.
$4,400$116.00GPT-5.6 Luna 97% cheaper
Coding agent
10,000 agent steps a month, ~40,000 input tokens each (70% read from the prompt cache) and ~2,000 output tokens.
$1,816$53.60GPT-5.6 Luna 97% cheaper
Cached chatbot
The same 100,000-reply support chatbot, but 60% of each prompt (system prompt + conversation history) is served from the prompt cache.
$2,098$61.80GPT-5.6 Luna 97% cheaper
Meeting notes
10,000 meetings a month summarized from ~12,000-token transcripts, ~1,000 output tokens each.
$1,360$36.00GPT-5.6 Luna 97% cheaper
Bulk translation
200,000 short translations a month, ~800 input and ~800 output tokens each.
$7,680$224.00GPT-5.6 Luna 97% cheaper
Content moderation
1,000,000 classifications a month, ~400 input tokens and ~80 output tokens each.
$6,400$176.00GPT-5.6 Luna 97% cheaper
Article drafting
300 long-form articles a month written from a ~4,000-token brief and outline, ~5,000 output tokens each.
$69.60$2.04GPT-5.6 Luna 97% cheaper
Code review bot
30,000 pull-request reviews a month, ~5,000 input tokens each (30% cached repository context) and ~700 output tokens.
$1,689$47.10GPT-5.6 Luna 97% cheaper
Invoice extraction
100,000 documents a month parsed into structured JSON, ~1,200 input and ~250 output tokens each.
$1,960$54.00GPT-5.6 Luna 97% cheaper

Estimates use standard list prices and ignore cache-write surcharges. Different tokenizers can count the same text differently, so test with your own prompts.

Interactive Estimator

Claude Fable 5.2 vs GPT-5.6 Luna cost calculator

Standard-tier list prices. Long-context rates apply automatically where the provider publishes a threshold. Excludes cache-write surcharges, taxes, batch and volume discounts.

Claude Fable 5.2 pricing notes

Anthropic’s newest Fable model for demanding reasoning and long-horizon agentic work, priced below Fable 5.1.

  • Cache hits cost 2.5% of the base input price ($0.20 per 1M tokens).
  • Cache writes cost $10 (5-minute cache) or $16 (1-hour cache) per 1M tokens.
  • Fast mode costs $16 input / $80 output per 1M tokens.
  • US-only inference (inference_geo: "us") costs 1.1x.
Anthropic official pricing ↗

GPT-5.6 Luna pricing notes

The GPT-5.6 model optimized for cost-sensitive, high-volume workloads.

  • Cache writes are billed at $0.25 per 1M tokens.
  • Fast mode costs 2x the standard rate; Flex costs half.
OpenAI official pricing ↗

Frequently asked questions

Is Claude Fable 5.2 cheaper than GPT-5.6 Luna?
GPT-5.6 Luna is 98% cheaper on input tokens ($0.20 vs $8.00 per 1M). GPT-5.6 Luna is 97% cheaper on output tokens ($1.20 vs $40.00 per 1M). On our document Q&A workload (50,000 questions a month), GPT-5.6 Luna costs $116.00 a month versus $4,400 for Claude Fable 5.2, 97% less.
Which is more capable, Claude Fable 5.2 or GPT-5.6 Luna?
Epoch AI has not published a capability index score for Claude Fable 5.2 yet.
How much does Claude Fable 5.2 cost per 1M tokens?
Claude Fable 5.2 costs $8.00 per 1M input tokens and $40.00 per 1M output tokens, and $0.20 per 1M cached input tokens on Anthropic’s standard tier.
How much does GPT-5.6 Luna cost per 1M tokens?
GPT-5.6 Luna costs $0.20 per 1M input tokens and $1.20 per 1M output tokens, and $0.02 per 1M cached input tokens on OpenAI’s standard tier.
Which has the larger context window, Claude Fable 5.2 or GPT-5.6 Luna?
GPT-5.6 Luna has the larger context window: 1.05M tokens versus 1M for Claude Fable 5.2.

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