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Anthropic: Claude Fable 5 vs MiniMax: MiniMax M3

On input price, MiniMax: MiniMax M3 is ~33.3× cheaper. Verified 2026-10-21.

Anthropic: Claude Fable 5 $10.00/$50.00vsMiniMax: MiniMax M3 $0.300/$1.20

Verdict

On blended price (3:1 input:output), MiniMax: MiniMax M3 is ~38.1× cheaper ($0.300/$1.20 vs $10.00/$50.00 per 1M tokens). Anthropic: Claude Fable 5 scores higher on intelligence (62 vs 45, Artificial Analysis) — pay more only if that gap matters for your workload. Anthropic: Claude Fable 5 generates comparable output.

Pricing

Per-million-token list prices, verified 2026-10-21. Green marks the better value.

MetricAnthropic: Claude Fable 5MiniMax: MiniMax M3
Input / 1M$10.00$0.300
Output / 1M$50.00$1.20
Cache read / 1M$1.00$0.060
Blended (3:1)$20.00/1M$0.525/1M
Estimated monthly costAnthropic: Claude Fable 5MiniMax: MiniMax M3
Chatbot10,000 reqs · 800/400 tok$280.00$7.20
Coding agent5,000 reqs · 8000/2000 tok$900.00$24.00
RAG pipeline30,000 reqs · 4000/500 tok$1950.00$54.00

Plug in your own numbers in the calculator, or paste a real bill into the Bill Shredder.

Specifications & capabilities

MetricAnthropic: Claude Fable 5MiniMax: MiniMax M3
Context window1M1.0M
Max output128K512K
Vision input✓✓
Tool calling✓✓
Reasoning✓✓

Quality

Intelligence Index by Artificial Analysis (independent evaluations, 0–100).

Intelligence Index — higher is better
Anthropic: Claude Fable 562
MiniMax: MiniMax M345

Sources: Anthropic: Claude Fable 5 on Artificial Analysis · MiniMax: MiniMax M3 on Artificial Analysis

Performance

Measured by Artificial Analysis on live endpoints.

Output speed — higher is better
Anthropic: Claude Fable 590 tok/s
MiniMax: MiniMax M390 tok/s
Latency (TTFT) — lower is better
Anthropic: Claude Fable 51,100 ms
MiniMax: MiniMax M31,100 ms
MetricAnthropic: Claude Fable 5MiniMax: MiniMax M3
Cost per task$0.000022$0.000012

Provider

Infrastructure metrics for the organizations behind these models.

MetricAnthropicMiniMax
Listed endpoints84
Reliability99.8%99.2%
Avg latency520 ms520 ms
Pricing tiersstandard, batchstandard, batch

Full details: Anthropic: Claude Fable 5 pricing · MiniMax: MiniMax M3 pricing