GPT 5.4 Nano API Pricing
GPT 5.4 Nano has tracked API rates of $0.2 per 1M input tokens and $1.25 per 1M output tokens. Cached input is billed at $0.02 per 1M tokens. Rates are in USD from the AI IQ dataset; see the GPT 5.4 Nano model profile for capability scores.
Price List
| Rate | Price (USD) | Notes |
|---|---|---|
| Input | $0.2 | per 1M tokens |
| Output | $1.25 | per 1M tokens |
| Cached input (read) | $0.02 | per 1M tokens |
| Blended input + output | $1.45 | 1M in + 1M out at list price |
| Context window | 400K tokens |
Pricing References and Billing Caveats
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.
OpenAI pricing catalog — check current offerings and rate tiers. This catalog may not list historical models or third-party hosted endpoints.
No model-specific official reference is recorded for this entry. Confirm the current rates directly with your inference provider.
What a Workload Costs
Computed straight from the list prices above — token counts are illustrative workload sizes, not measurements of GPT 5.4 Nano.
| Workload | Cost | Tokens |
|---|---|---|
| Short chat turn | $0.00082 | 1K in / 500 out |
| Summarize a long document | $0.022 | 100K in / 2K out |
| Agentic coding session | $0.225 | 500K in / 100K out |
| 1M input + 1M output tokens | $1.45 | 1M in / 1M out |
Effective Cost
In AI IQ's scoring, GPT 5.4 Nano's list price is adjusted by a token-usage multiplier of 1.124 (measured from real benchmark runs), giving an effective cost of $1.63 per 1M input + output tokens. That places it #51 of 153 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.
Cheaper Alternatives at Similar Capability
Models with a lower effective cost that score within a few IQ points of GPT 5.4 Nano (IQ 106), or better.
| Model | Provider | IQ | Effective Cost / 1M |
|---|---|---|---|
| gpt-6-luna | OpenAI | 125 | $0.7693 |
| mimo-v2.6-pro | Xiaomi | 125 | $1.52 |
| mimo-v2.6-flash | Xiaomi | 122 | $0.6897 |
| haiku-5.5 | Anthropic | 120 | $1.36 |
| GLM-5.3-Flash | Z.ai | 119 | $1.33 |
| Qwen3.8 Flash | Alibaba | 116 | $1.61 |