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o3-mini vs o4-mini

Detailed pricing comparison and cost analysis.

Updated September 2026

Cost Simulator

o3-mini Cost
$1.98
o4-mini Cost
$1.98
Same cost at this usage
Featureo3-minio4-mini
ProviderOpenAIOpenAI
Input Price (1M)$1.10$1.10
Output Price (1M)$4.40$4.40
Context Window200,000200,000

Verdict

o3-mini costs $1.10 per 1M input tokens and $4.40 per 1M output tokens. o4-mini costs $1.10 per 1M input tokens and $4.40 per 1M output tokens. o3-mini and o4-mini have identical input token pricing. For output tokens, o3-mini is the more affordable option at $4.40/1M vs $4.40.

On context window, o3-mini supports 200,000 tokens — meaning it can fit more conversation history, documents, or code in a single request. This matters for RAG pipelines, long document analysis, and agentic workflows where context builds up over many turns.

When to choose o3-mini

  • ✓ You are already integrated with OpenAI

When to choose o4-mini

  • ✓ You are already integrated with OpenAI

Use the calculator above to simulate your specific workload and find the exact break-even point. For most applications, the cheapest model is the one that minimises your total monthly bill given your input-to-output token ratio.

Frequently Asked Questions

Is o3-mini cheaper than o4-mini?

o3-mini and o4-mini have identical input token pricing at $1.10/1M tokens.

What is the context window of o3-mini vs o4-mini?

o3-mini has a 200,000-token context window. o4-mini has a 200,000-token context window. o3-mini supports the larger context, suitable for longer documents and agentic workflows.

Which model is better: o3-mini or o4-mini?

The best choice depends on your use case. For cost efficiency on input tokens, o3-mini is the cheaper option. For maximum context length, o3-mini supports 200,000 tokens. Use the comparison table above to find the right fit for your workload.