HEAD-TO-HEAD · FLAGSHIP-TIER · VERIFIED OCTOBER 5, 2026
Claude Opus 5.5 vs Claude Opus 4.8: which is actually cheaper?
Claude Opus 5.5 and Claude Opus 4.8 are both current Anthropic flagship-tier models, but Opus 5.5 is the newer, cheaper release. At $4/M input and $20/M output versus $5/M input and $25/M output for Opus 4.8, Opus 5.5 undercuts its predecessor by a flat 20% on every token in both directions.
| Spec | Claude Opus 5.5 | Claude Opus 4.8 |
|---|---|---|
| Input / 1M tokens | $4.00 | $5.00 |
| Output / 1M tokens | $20.00 | $25.00 |
| Context window | 1M | 1M |
The output price gap
Output tokens are where the real money goes on both models, priced at 5x their respective input rates. Opus 5.5 charges $20/M for output against Opus 4.8's $25/M — a $5/M gap that compounds quickly on reasoning-heavy or long-generation workloads like agentic coding, where output volume typically dwarfs input.
Context window
Both models ship with a 1M token context window, so there's no capacity trade-off between them — the pricing gap is the only meaningful variable for workloads that fit comfortably within that window.
Worked example
At 100M input and 30M output tokens in a month: Opus 5.5 costs (100 x $4) + (30 x $20) = $400 + $600 = $1,000. Opus 4.8 costs (100 x $5) + (30 x $25) = $500 + $750 = $1,250. That's a $250/month savings with Opus 5.5 on this workload, a 20% reduction in total spend.
Prices from the LLM Price Watch daily tracker, 2026-10-05. Prices change; use the calculator with your own usage for an exact comparison, or see the full price table for every tracked model.