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LLM Cost Per Token Comparison: GPT-5 vs. Claude vs. Gemini vs. More

Token pricing determines your AI costs. A 10x difference in per-token price means a 10x difference in your bill for the same workload. Here's the definitive cost comparison for 2026.

Pricing by Tier (per 1M tokens — Input / Output)

Frontier Models (Highest Quality)

ModelProviderInputOutput
GPT-5.2OpenAI$1.75$14.00
GPT-5OpenAI$1.25$10.00
Claude Opus 4.5Anthropic$5.00$25.00
Claude Sonnet 4.5Anthropic$3.00$15.00
Gemini 2.5 ProGoogle$1.25$10.00
Gemini 3 Pro PreviewGoogle~$1.25~$10.00
Grok 4xAI~$2.00~$10.00

Mid-Tier Models (Great Quality, Moderate Cost)

ModelProviderInputOutput
GPT-5-miniOpenAI$0.30$1.25
Claude Haiku 4.5Anthropic$1.00$5.00
Gemini 2.5 FlashGoogle~$0.15~$0.60
o3-miniOpenAI~$1.10~$4.40
Mistral Medium 3.1Mistral~$0.40~$2.00
Grok 3xAI~$0.30~$1.50

Budget Models (Sufficient for Simple Tasks)

ModelProviderInputOutput
GPT-5-nanoOpenAI$0.05$0.40
Gemini 2.0 FlashGoogle~$0.10~$0.40
DeepSeek V3.1DeepSeek~$0.15~$0.60
Mistral Small 3.2Mistral~$0.10~$0.30
Llama 4 ScoutMeta (hosted)~$0.10~$0.20
Qwen3 30BAlibaba~$0.08~$0.16
Ministral 8BMistral~$0.05~$0.10

Prices approximate as of February 2026. Check provider pages for current rates.

Effective Cost Per Request

Token pricing is abstract. Here's what typical requests actually cost:

Simple Request (200 input / 50 output tokens)

ModelCostvs. Cheapest
Claude Opus 4.5$0.002338x
GPT-5$0.000813x
GPT-5-mini$0.00012x
Gemini 2.5 Flash$0.000061x (baseline)
GPT-5-nano$0.000030.5x

Takeaway: Simple tasks cost 13–38x more on frontier models. A router that sends these to budget models saves 90%+ per request.

Medium Request (800 input / 400 output tokens)

ModelCostvs. Cheapest
Claude Sonnet 4.5$0.008426x
GPT-5$0.005015x
GPT-5-mini$0.00072.3x
Gemini 2.5 Flash$0.00041.2x
GPT-5-nano$0.00021x

Complex Request (2000 input / 1000 output tokens)

ModelCostvs. Cheapest
Claude Opus 4.5$0.035044x
GPT-5$0.012516x
GPT-5-mini$0.00192.4x
Gemini 2.5 Flash$0.00091.1x
GPT-5-nano$0.00051x

The Price-Quality Matrix

Cost isn't everything. Here's how to think about the tradeoffs:

Worth the Premium (Use GPT-5 / Claude Opus 4.5 / Gemini 2.5 Pro)

  • Complex multi-step reasoning
  • Creative writing that requires nuance
  • Code generation for production systems (Codestral, GPT-5.2)
  • Tasks where errors are expensive

Mid-Tier Sweet Spot (Use GPT-5-mini / Claude Haiku 4.5 / Gemini 2.5 Flash)

  • Customer support conversations
  • Content summarization
  • Data extraction and structuring
  • General Q&A

Budget Is Fine (Use GPT-5-nano / DeepSeek V3.1 / Mistral Small 3.2 / Llama 4 Scout)

  • Classification and categorization
  • Simple text formatting
  • Template-based generation
  • Sentiment analysis
  • Routing/triage decisions

How to Stop Overpaying

The insight from this data is clear: most requests don't need frontier models. If 60–70% of your traffic is simple or medium complexity, you're overpaying by 10–25x on the majority of your requests.

A model router like ClawPane automates this decision. It knows the pricing across 40+ models from 15+ providers, evaluates each request, and picks the cheapest model that meets your quality threshold. You configure the weights once; the router optimizes every request.

Set up cost-optimized routing →