list prices · table 2026-10-26 · USD per 1M tokens

gpt-5.4 vs gpt-5.4-mini

gpt-5.4 vs gpt-5.4-mini: $2.5/$15 vs $0.75/$4.5 per 1M, the same workload priced on both; gpt-5.4-mini is 70% cheaper per request.

gpt-5.4gpt-5.4-mini
Provider · tieropenai · frontieropenai · fast
Input$2.5$0.75
Cached input$0.25$0.075
Cache writenonenone
Output$15$4.5
Long-context tier> 272,000: $5 / $22.5none
Per request (2,000 in / 300 out)$0.0095$0.00285
Per month at 100k requests$950$285
…with the static prefix cached$613$184
Cheaper sibling (cascade)gpt-5.4-mini—

Through TokenZero

Point your SDK at the gateway and keep both keys; the cache formatter, response cache and advisory routing act on every request, and each one comes back with a signed receipt showing the list-price baseline, actual cost and the saving.

OPENAI_BASE_URL=https://tokenzero.sh/w/<key>/v1
ANTHROPIC_BASE_URL=https://tokenzero.sh/w/<key>

Questions

Which is cheaper, gpt-5.4 or gpt-5.4-mini?
At list prices (table 2026-10-26) gpt-5.4-mini is 70% cheaper per request on a 2,000-in / 300-out workload. Quality is a separate question: TokenZero's cascade only routes to a sibling it scores as sufficient and measures parity with shadow evaluation.

Where do these prices come from?
The providers' own pricing pages, re-verified on 2026-10-26; the gateway signs receipts with the same table.