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GPT-5.4 Mini API pricing

As of October 21, 2026, OpenAI GPT-5.4 Mini costs $0.75 per million input tokens and $4.50 per million output tokens through OpenRouter, with cached input at $0.075 per million.

GPT-5.4 Mini benchmarks and specs · Every OpenAI model's price

  • Input, per million tokens$0.75
  • Output, per million tokens$4.50
  • Cached input, per million$0.075
  • Context window400K tokens
  • Max output128K tokens
  • Output speedNot measured

What a request costs

Three fixed token mixes at the list price, without cache or batch discounts. For a whole month, use the calculator.

Cost of three workloads on GPT-5.4 Mini
WorkloadTokensOne request1,000 requestsFits the context window
Chat turn 1K input + 500 output tokens $0.0030 $3.00 Yes
Repository review 50K input + 3K output tokens $0.051 $51.00 Yes
Agent loop 200K input + 10K output tokens $0.195 $195.00 Yes
Solved coding task One SWE-bench Verified attempt, divided by the share that succeed $0.70 $700.00

Price history

We read this price every day and have since October 15, 2026. It has not changed yet; any change will be listed here with its date.

  1. October 15, 2026 First recorded: $0.75 input, $4.50 output

Cheaper models as good as GPT-5.4 Mini

Models within two points of GPT-5.4 Mini or above it on the Artificial Analysis Intelligence Index, with a lower output price. Cheapest first.

GPT-5.4 Mini pricing questions

How much does GPT-5.4 Mini cost per million tokens?
$0.75 per million input tokens and $4.50 per million output tokens, as listed on OpenRouter on October 21, 2026.
Does GPT-5.4 Mini support prompt caching?
Yes. OpenRouter lists cached input at $0.075 per million tokens, against $0.75 for uncached input.
Is there a cheaper model as good as GPT-5.4 Mini?
Ling 3.0 Flash VL scores 24.6 on the Artificial Analysis Intelligence Index, within two points of GPT-5.4 Mini or above it, and costs $0.18 per million output tokens.
Has the price of GPT-5.4 Mini changed?
Not since we started recording it daily on October 15, 2026.