Fugu Ultra v2 API pricing
sakana · Frontier · released 2026-09. Prices in USD per 1 million tokens. Data snapshot: 2026-10-14.
Fugu Ultra v2 has held the same list price since 2026-09-11 and is the 17th cheapest of 31 Frontier models. Only one host, Sakana AI, sells it, so there is no second price to shop. It is a Frontier model released within the last 3 months, the period in which versions and prices change most.
- Input: $5.00 per 1M tokens
- Output: $30.00 per 1M tokens
- Batch API (in/out): Not published
- Prompt-cache read: $0.50 per 1M tokens
- Context window: 1M tokens
- Arena ELO: Not published
Market position
On blended price ($22.50 per 1M tokens at 30% input, 70% output) it is cheaper than 40% of Frontier models: 17th cheapest of 31, tied with 2 others. Across every category it is cheaper than 4% of priced text models in the catalogue: 268th cheapest of 282, tied with 2 others.
Licence, size and capabilities
No licence is recorded for Fugu Ultra v2, so this page does not say whether it can be self-hosted. Its parameter count is not published. Listed capabilities: Text, Vision, Reasoning, Agents. Filling its 1M context window once costs $5.00 in input tokens at list price.
Pricing by host
A host is a company that runs the model and sells it by the token: the model maker, a cloud platform like Amazon Bedrock, Azure or Vertex, or an independent host. One model, several hosts, and often several prices. This model is sold by 1 host. The price we quote elsewhere on this page is marked. We quote one host's rate so that models stay comparable; it is not a recommendation to buy there.
Sakana AI is the only host with a published rate, $5.00 input / $30.00 output per 1M tokens, which is the price we quote.
| Host | Input $/1M | Output $/1M |
|---|---|---|
| Sakana AI (model maker, price we quote) | $5.00 | $30.00 |
List prices as published on 2026-10-14, via OpenRouter. Negotiated rates, committed-use discounts and provisioned capacity are not shown.
Monthly cost at 100K requests, by business use case
From the after-discounts figure (prompt caching on the cached input share, batch API for async workloads, only where sakana publishes those rates), which assumes you implement both, to the list price. One figure means no discount is published.
| Use case | Tokens (in/out) | Monthly (after discounts – list) |
|---|---|---|
| Support Ticket | 1,500 / 500 | $1.8K – $2.3K |
| Knowledge Q&A | 2,000 / 800 | $2.8K – $3.4K |
| Meeting Summary | 10,000 / 1,200 | $8.1K – $8.6K |
| Marketing Content | 2,500 / 1,800 | $6.4K – $6.7K |
| Coding Task | 3,000 / 2,000 | $6.8K – $7.5K |
| Invoice Processing | 1,500 / 600 | $2.3K – $2.5K |
| Call Summary | 2,000 / 700 | $3.0K – $3.1K |
| Agent Workflow | 6,000 / 3,000 | $10.1K – $12.0K |
Price history
Fugu Ultra v2 entered our daily price archive on 2026-09-11; tracking began on 2026-08-15. It listed at $5.00 input / $30.00 output per 1M tokens that day. No list price change since 2026-09-11. Last checked against the 2026-10-14 snapshot.
Alternatives to Fugu Ultra v2
- Next cheaper Frontier model: Claude Opus 4.5 (Anthropic) at $19.00 blended, 16% less.
- Next more expensive: GPT-4 Turbo (OpenAI) at $24.00 blended, 7% more.
Other models from Sakana
Sakana has 3 other models in the catalogue. Prices per 1M tokens, input then output.
- Sakana Namazu: $0.95 / $4.00
- Fugu Max: $2.00 / $6.00
- Fugu Ultra: $5.00 / $30.00
All 4 Sakana models and prices
Common questions about Fugu Ultra v2 pricing
- How much does Fugu Ultra v2 cost?
- Fugu Ultra v2 costs $5.00 per 1M input tokens and $30.00 per 1M output tokens. That is the model maker's own rate (Sakana AI). Prices as listed on 2026-10-14.
- Which host is cheapest for Fugu Ultra v2?
- Sakana AI is the only host with a published rate, $5.00 input / $30.00 output per 1M tokens, which is the price we quote. Host rates as listed on 2026-10-14.
- Does Fugu Ultra v2 offer batch or cached pricing?
- Yes, for prompt caching only. Cache reads cost $0.50 per 1M tokens, as listed on 2026-10-14. No batch pricing is published.
- What would Fugu Ultra v2 cost per month?
- With the Support Ticket profile (1,500 input and 500 output tokens per request), 100,000 requests a month cost about $2.3K on Fugu Ultra v2 at the list price quoted on 2026-10-14.
- Can Fugu Ultra v2 be self-hosted?
- No licence is recorded for Fugu Ultra v2, so this page does not say whether it can be self-hosted.
- Has the price of Fugu Ultra v2 changed?
- Fugu Ultra v2 entered our daily price archive on 2026-09-11; tracking began on 2026-08-15. It listed at $5.00 input / $30.00 output per 1M tokens that day. No list price change since 2026-09-11. Last checked against the 2026-10-14 snapshot.
These are list prices. Your real cost also depends on caching and batching, negotiated discounts, marketplace agreements, and the contracts you already have. OptimNow audits exactly that.
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