o3-mini pricing

o3-mini from OpenAI costs $1.10 per 1M input tokens and $4.40 per 1M output tokens. Cached input is $0.550 per 1M. Context window 200,000 tokens.

API id o3-mini · OpenAI · source · updated 2026-08-11

$1.10
Input / 1M tokens
$4.40
Output / 1M tokens
$0.550
Cached input / 1M
200K
Context window

What o3-mini costs in practice

Estimated cost at common usage volumes
WorkloadInput tokensOutput tokensEstimated cost
Short chat turn1,000500$0.0033
Document summary50,0002,000$0.06
1M tokens in, 200K out1,000,000200,000$1.98

Estimates use the standard tier and ignore caching discounts, so real bills with repeated prompt prefixes are typically lower.

Common questions

How much does o3-mini cost per 1M tokens?
o3-mini costs $1.10 per 1M input tokens and $4.40 per 1M output tokens on the standard tier. Cached input is $0.550 per 1M.
What is o3-mini's context window?
o3-mini accepts up to 200,000 tokens in a single request, and can return up to 100,000 output tokens.
Is there a cheaper OpenAI model than o3-mini?
Yes. gpt-4o-mini-2024-07-18 is $0.300 per 1M input tokens versus $1.10 for o3-mini, with a 128,000 token context window.
Where does this o3-mini price come from?
Directly from OpenAI's published pricing page, re-read every day and normalized to USD per 1,000,000 tokens.

Other OpenAI models

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