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Model comparison

Claude Fable 5 vs Kimi K3

Anthropic against Moonshot AI, compared on context, price, and attributed benchmark results.

Recorded profile verification October 1, 2026Individual provider fields may changeEvidence confidence: Medium — see receipts below

Anthropic

Claude Fable 5

Frontier

vs

Moonshot AI

Kimi K3

Frontier · Open weights

AI model capability comparison
SpecificationClaude Fable 5Kimi K3
ProviderAnthropicMoonshot AI
TierFrontierFrontier
Context window1MWinner: 1.05M
Max output128KWinner: 1.05M
Input / 1M tokens$10Winner: $3
Output / 1M tokens$50Winner: $15
WeightsClosedOpen
ParametersNot verifiedUnverified2.8T total / 104B active (MoE)
Reasoning levelslow, medium, high, xhigh, maxlow, high, max
Modalitiestext, imagetext, image, video
LicenseNot verifiedUnverifiedKimi K3 License (custom)
API model idclaude-fable-5kimi-k3
ReleasedJune 9, 2026July 16, 2026
Artificial Analysis Intelligence Index [max] · source date Kimi K3: 2026-10-01Not verifiedUnverified44
Terminal-Bench 2.1 [max] · source date Kimi K3: 2026-10-01Not verifiedUnverified88.3
GPQA Diamond [max] · source date Kimi K3: 2026-10-01Not verifiedUnverified93.5
Humanity's Last Exam [max] · source date Kimi K3: 2026-10-01Not verifiedUnverified56
SWE-bench Verified · source date Kimi K3: 2026-10-01Not verifiedUnverified93.4

Dates beside benchmark scores refer to the linked source’s publication or capture date unless that source explicitly states when it measured the result. A shared URL alone does not establish comparable runs; unverified setups are marked. Prices are USD per million tokens at standard rates, excluding batch and caching discounts. Values we could not confirm from the provider are shown as “Not verified” rather than estimated.

Benchmark receipts

Where each score comes from, and how far it can be compared across models.

Pricing tiers

Claude Fable 5: Standard $10/$50 per MTok with no long-context surcharge. Cache reads $1; 5-minute writes $12.50 and 1-hour writes $20. Batch $5/$25. US-only inference adds 10% where supported. Adaptive thinking is always on, default effort high. Reliable knowledge cutoff Jan 2026; retirement not sooner than June 9, 2027. Access was suspended June 12 and restored July 1, 2026.

Kimi K3: $3/$15 per million input/output tokens; cached input $0.30. Cache writes add $3/MTok for 5-minute TTL or $6/MTok for 1-hour TTL; hits refresh TTL without another write charge. API access requires a successful top-up of at least $1. max_completion_tokens defaults to 131,072 and can be set up to 1,048,576. Kimi K3 uses a custom license; self-hosting has compute costs.

FrontierRecord checked October 1, 2026

Claude Fable 5

Claude Fable 5 is Anthropic's June 2026 long-running-agent model, now 'Active (legacy)' behind Fable 5.1 at the same $10/$50 price.

Best for

  • Long-running agents
  • Frontier reasoning
  • Enterprise work

Watch out

Superseded: Fable 5.1 has the same base input/output prices and lower cache-read pricing ($0.25 vs $1 per million tokens). Savings depend on eligible cached requests; evaluate the successor against your pinned workloads.

FrontierOpen weightsRecord checked October 1, 2026

Kimi K3

Kimi K3 is Moonshot AI's open-weight multimodal 2.8T/104B MoE model with a 1,048,576-token context.

Best for

  • Open-weight frontier work
  • Long-context
  • Multimodal

Watch out

Thinking is always on; preserve complete assistant reasoning/tool history. Vision input requires base64 or ms:// rather than public image URLs, and temperature/top_p/n/penalties are fixed. Current docs discourage production web-search use. The custom licence requires an agreement for Model-as-a-Service businesses above $20M aggregate licensee/affiliate revenue over consecutive 12 months; commercial products above 100M monthly active users or $20M monthly revenue require Kimi K3 UI attribution. Internal use and official/certified serving routes have separate exemptions. July 16 is Kimi Code's release date, distinct from weights publication.

When the cheaper one wins

Kimi K3 is cheaper on output at $15 per million tokens against $50 for Claude Fable 5 — about 3.3×. Use the cheaper tier for classification, extraction, summarisation, and any task where the expensive model’s extra score does not change the accepted output. The expensive one only pays if your hardest task actually fails on the cheap tier. On DeepSWE 1.1, Kimi K3 is 68.5% Pass@1 at $4.65/task versus Claude Fable 5 at 69.9% / $13.41/task. This compares standard short-context token rates, not total cost per accepted task. Include input, cache, context tiers, schedules, retries and review in your pilot.

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Evidence confidence: Medium

How strong and complete the evidence behind this comparison is — not a prediction of which model is better.

  • Pricing verified on both sides — Input and output rates are verified for both models.
  • 4/5 core specs verified on both sides — Not published for at least one side: parameter count.
  • No directly aligned benchmark setup — No benchmark has matching cited sources, source dates, units, effort and recorded run details on both models.
  • Verified within the last 90 days — Older of the two catalog checks was 25 days ago.
  • Both models carry source citations — Each side has at least two catalog sources on record.

Source receipts

Each catalog figure was checked against the provider or an independent second source on the date shown.

Related comparisons

Diving deeper on one model? Claude Fable 5 · Kimi K3

Common questions

Claude Fable 5 vs Kimi K3

Answered from the verified figures on this page rather than general guidance.

Is Claude Fable 5 or Kimi K3 cheaper for input?
Kimi K3 is cheaper at $3 per million input tokens, against $10 for Claude Fable 5 — roughly 3.3× the price. Estimate both input and output token volume for your workload. These are base rates; Claude Fable 5: Standard $10/$50 per MTok with no long-context surcharge. Cache reads $1; 5-minute writes $12.50 and 1-hour writes $20. Batch $5/$25. US-only inference adds 10% where supported. Adaptive thinking is always on, default effort high. Reliable knowledge cutoff Jan 2026; retirement not sooner than June 9, 2027. Access was suspended June 12 and restored July 1, 2026. Kimi K3: $3/$15 per million input/output tokens; cached input $0.30. Cache writes add $3/MTok for 5-minute TTL or $6/MTok for 1-hour TTL; hits refresh TTL without another write charge. API access requires a successful top-up of at least $1. max_completion_tokens defaults to 131,072 and can be set up to 1,048,576. Kimi K3 uses a custom license; self-hosting has compute costs.
Is Claude Fable 5 or Kimi K3 cheaper for output?
Kimi K3 is cheaper at $15 per million output tokens, against $50 for Claude Fable 5 — roughly 3.3× the price. Estimate both input and output token volume for your workload. These are base rates; Claude Fable 5: Standard $10/$50 per MTok with no long-context surcharge. Cache reads $1; 5-minute writes $12.50 and 1-hour writes $20. Batch $5/$25. US-only inference adds 10% where supported. Adaptive thinking is always on, default effort high. Reliable knowledge cutoff Jan 2026; retirement not sooner than June 9, 2027. Access was suspended June 12 and restored July 1, 2026. Kimi K3: $3/$15 per million input/output tokens; cached input $0.30. Cache writes add $3/MTok for 5-minute TTL or $6/MTok for 1-hour TTL; hits refresh TTL without another write charge. API access requires a successful top-up of at least $1. max_completion_tokens defaults to 131,072 and can be set up to 1,048,576. Kimi K3 uses a custom license; self-hosting has compute costs.
Which has the larger context window, Claude Fable 5 or Kimi K3?
Kimi K3 accepts 1.05M tokens against 1M for Claude Fable 5. This only matters if you routinely send very long documents or large codebases.
Do Claude Fable 5 and Kimi K3 support the same reasoning levels?
Claude Fable 5 exposes low, medium, high, xhigh, max, while Kimi K3 exposes low, high, max.
Should I use Claude Fable 5 or Kimi K3?
Both are classified in our frontier tier; this editorial grouping does not imply equal capability. Claude Fable 5 is a candidate for long-running agents; Kimi K3 is a candidate for open-weight frontier work. Compare accuracy, tool reliability, latency and cost on representative tasks.
Can I self-host Claude Fable 5 or Kimi K3?
Kimi K3 publishes open weights, but self-hosting and third-party provider access depend on the licence, hardware, serving support, and availability. Claude Fable 5 is a closed model whose supported access paths are controlled by its provider.

Next step

Choosing between them

The verified figures that separate this pair, computed from the catalog rather than restated boilerplate.

  • Input price: Kimi K3 costs $3 per 1M tokens versus $10 for Claude Fable 5 — a 3.3x difference at the headline tier.
  • Context: Kimi K3 takes 1.05M against 1M for Claude Fable 5 — only decisive if your prompts approach the smaller window.
  • Deployment: Kimi K3 publishes weights you can self-host; the other is API-only.
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