Billed per 1M tokens (input + output).
1 token ≈ 3–4 English characters (~750 words ≈ 1,000 tokens).
Input: $5.00 | Cached: $2.50
Output: $20.00
Highest quality multimodal
Input: $0.60 | Cached: $0.30
Output: $2.40
Cheaper, good quality
Input: $1.25 | Cached: $0.125
Output: $10.00
New, more capable
Input: $0.25 | Cached: $0.025
Output: $2.00
Balanced cost/performance
Input: $0.05 | Cached: $0.005
Output: $0.40
Ultra cheap for bulk tasks
Source: OpenAI API Pricing — may change over time.