Fugu Ultra V2.0 API Pricing

These are the tracked rates, not a live quote. Hosted-provider choice, region, long-context tiers, caching, batch discounts, and temporary promotions can change the actual bill. Open-weight availability does not mean hosted inference is free. Workload examples assume the listed standard input and output rates, with no cache hits or discounts.

Publisher-reported pricing notes

• Standard pricing is $5 input and $30 output per million tokens; above 272K context it is $10/$45. Orchestration tokens are billable. No measured orchestration usage is available for effective-cost estimation.

Official release and model references

These references document the model and its release; not every reference is a pricing table. Confirm the applicable endpoint and billing tier with your inference provider before purchase.

• sakana.ai/fugu/
• console.sakana.ai/models
• console.sakana.ai/pricing
• console.sakana.ai/get-started
• sakana.ai/fugu-1-1-claude-code-interface/
• sakana.ai/fugu-max-release/

Computed straight from the list prices above — token counts are illustrative workload sizes, not measurements of Fugu Ultra V2.0.

In AI IQ's scoring, Fugu Ultra V2.0's list price is adjusted by a token-usage multiplier of 1.258, giving an effective cost of $44.05 per 1M input + output tokens. That places it #138 of 149 models on the effective-cost ranking (lower is cheaper). Some models spend far more tokens than others on the same task, so effective cost compares what a unit of work really costs. Method details are on the methodology page; see all models on the cost charts and the falling cost of intelligence over time.

Models with a lower effective cost that score within a few IQ points of Fugu Ultra V2.0 (IQ 109), or better.