03Inference· as of 2026-07-06
What a million tokens costs
List prices from official provider pages, refreshed 2026-07-06. Commodity intelligence keeps deflating; the frontier premium is back.
Cheapest GPT-4-class · blended
$0.18/1M
−99.5% since Mar ’23 · DeepSeek V4 Flash
OpenAI flagship · GPT-5.5
$11.25/1M
Premium tier reset in Apr 2026
Cheapest frontier-tier · Grok 4.3
$1.56/1M
$1.25 in / $2.50 out, 1M context
The price of GPT-4-class intelligence
US$ per 1M tokens, blended 3:1 · log scale
Official pricing pages & launch announcements. ‘GPT-4-class’ = matches original GPT-4 on MMLU (~86.4).
Current list prices, blended
Every tracked model, July 2026 — dot position on a log scale.
- $67.50OpenAI
GPT-5.5 ProDetails for GPT-5.5 Pro
Research-grade tier
- Claude Fable 5Anthropic$20.00
- GPT-5.5OpenAI$11.25
- Claude Opus 4.8Anthropic$10.00
- GPT-5.4OpenAI$5.63
- $4.50
Gemini 3.1 ProDetails for Gemini 3.1 Pro
≤200K context tier
- $4.00Anthropic
Claude Sonnet 5Details for Claude Sonnet 5
Intro pricing; $3/$15 from Sep 2026
- Gemini 3.5 FlashGoogle$3.38
- Claude Haiku 4.5Anthropic$2.00
- GPT-5.4 miniOpenAI$1.69
- $1.56xAI
Grok 4.3Details for Grok 4.3
1M context, native video input
- Gemini 3.1 Flash-LiteGoogle$0.56
- $0.55DeepSeek
DeepSeek V4 ProDetails for DeepSeek V4 Pro
Open weights (MIT)
- GPT-5.4 nanoOpenAI$0.46
- $0.18DeepSeek
DeepSeek V4 FlashDetails for DeepSeek V4 Flash
Cache-hit input $0.0028
Blended price = (3 × input + output) ÷ 4, per 1M tokens, standard list. Dot position uses the logarithmic scale above.
All tracked models
Standard (non-batch) list prices from official pricing pages, 2026-07-06.
GPT-5.5 Pro Pricing note for GPT-5.5 ProResearch-grade tier | OpenAI | $30.00 | $180.00 | $67.50 |
Claude Fable 5 | Anthropic | $10.00 | $50.00 | $20.00 |
GPT-5.5 | OpenAI | $5.00 | $30.00 | $11.25 |
Claude Opus 4.8 | Anthropic | $5.00 | $25.00 | $10.00 |
GPT-5.4 | OpenAI | $2.50 | $15.00 | $5.63 |
Gemini 3.1 Pro Pricing note for Gemini 3.1 Pro≤200K context tier | $2.00 | $12.00 | $4.50 | |
Claude Sonnet 5 Pricing note for Claude Sonnet 5Intro pricing; $3/$15 from Sep 2026 | Anthropic | $2.00 | $10.00 | $4.00 |
Gemini 3.5 Flash | $1.50 | $9.00 | $3.38 | |
Claude Haiku 4.5 | Anthropic | $1.00 | $5.00 | $2.00 |
GPT-5.4 mini | OpenAI | $0.75 | $4.50 | $1.69 |
Grok 4.3 Pricing note for Grok 4.31M context, native video input | xAI | $1.25 | $2.50 | $1.56 |
Gemini 3.1 Flash-Lite | $0.25 | $1.50 | $0.56 | |
DeepSeek V4 Pro Pricing note for DeepSeek V4 ProOpen weights (MIT) | DeepSeek | $0.44 | $0.87 | $0.55 |
GPT-5.4 nano | OpenAI | $0.20 | $1.25 | $0.46 |
DeepSeek V4 Flash Pricing note for DeepSeek V4 FlashCache-hit input $0.0028 | DeepSeek | $0.14 | $0.28 | $0.18 |