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There is no single cheapest API for every workload. Your bill depends on input and output volume, cache hits, service tier, time of use, and any extra charges for features such as grounding. Prices below are provider-listed USD per million tokens, checked on October 9, 2026; they are menu rates, not proof that the models deliver equivalent quality or cost per successful task.
Which lower-cost APIs are worth comparing?
These options span very low listed rates and different service characteristics. Match them to your own prompts and requirements rather than choosing by input price alone.
| Provider and model | Input price | Output price | What to know |
|---|---|---|---|
| Google Gemini 3.1 Flash-Lite | Standard: $0.25; batch/flex: $0.125 | Standard: $1.50; batch/flex: $0.75 | Quoted rates are for text, image, and video; audio is priced separately. Google describes the model as intended for high-volume agentic tasks, translation, and simple data processing. Caching and grounding charges also apply where used. Google pricing |
DeepSeek V4.1 Flash (deepseek-flash) |
Off-peak: $0.15 uncached, $0.003 cached; peak: $0.30 uncached, $0.006 cached | Off-peak: $0.60; peak: $1.20 | Peak is 01:00–04:00 and 06:00–10:00 UTC, Monday through Friday, excluding Chinese public holidays; other times are off-peak. DeepSeek pricing and documentation |
DeepSeek V4 Pro (deepseek-v4-pro) |
Off-peak: $0.66 uncached, $0.022 cached; peak: $1.32 uncached, $0.044 cached | Off-peak: $1.98; peak: $3.96 | The official page lists a 1M-token context and OpenAI-format and Anthropic-format endpoints for the models. Format support does not establish full feature or behavior parity. DeepSeek pricing and documentation |
| Mistral Small 4 | $0.15; cached input currently $0.015 | $0.60 | Provider-listed rates. Mistral pricing |
| Mistral Ministral 3 8B | $0.15 | $0.15 | Test task quality and constraints before using it for production workloads. Mistral pricing |
| Mistral Ministral 3 3B | $0.10 | $0.10 | Low rates alone do not show whether output will meet your needs. Mistral pricing |
| Mistral Large 4 | Displayed sale: $0.68; original displayed price: $1.36 | Displayed sale: $2.09; original displayed price: $4.18 | The displayed sale is volatile; verify the effective price before budgeting. Mistral pricing |
For comparison, OpenAI’s own pricing schedule illustrates that rates can vary by model, token category, context length, and service level, with special endpoint uplifts or time-limited promotion terms. It is a pricing reference, not evidence that another provider will produce equivalent results. OpenAI pricing
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How to estimate your actual bill
Use a representative sample of your own requests. Count uncached input, cacheable input that actually receives cache hits, and generated output separately, then include applicable feature charges. For example, a long prompt reused across requests may benefit from cached-input pricing, while a task that produces lengthy answers can be dominated by output rates.
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estimated cost = (uncached input tokens × uncached input rate) + (cached input tokens × cached input rate) + (output tokens × output rate) + applicable tool, grounding, or storage chargesGoogle’s batch/flex rates are lower than its standard rates, but compare those modes only if their delivery characteristics fit your workload. DeepSeek’s rate changes with both cache status and UTC schedule, so estimate using the hours your requests will actually run. Google and Mistral also publish cached-input rates; do not assume a cache benefit unless your traffic repeats prefixes that qualify and receives cache hits.
How to choose the right alternative
- Build a small evaluation set. Select real prompts that reflect your common tasks and difficult edge cases, then run them against the candidate model and your current provider.
- Measure success, not just price. Compare task quality and failure rate alongside input and output tokens. A lower per-token rate may not lower cost per usable result if the model needs retries or produces more tokens.
- Check operational fit. Measure latency and throughput under your expected load, and confirm availability and rate limits meet your needs.
- Verify features and constraints. Test context length, modalities, tool calling, structured output, streaming, privacy and data-use terms, and geographic requirements that matter to your application.
- Price the whole path. Account for batch or priority eligibility, cache behavior, grounding or other feature charges, monitoring, fallback traffic, and migration effort.
Provider rate cards do not establish a head-to-head quality, latency, reliability, or security result. Those need to be measured against your own use case.
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What API compatibility does—and does not—mean
DeepSeek documents OpenAI-format and Anthropic-format endpoints for the listed models, which may reduce changes needed to test requests at the client or request-format layer. It does not certify equivalent semantics, outputs, or operational behavior. Before shifting production traffic, test the exact features your application uses, including structured output, tools, streaming, vision, refusals and safety behavior, context limits, rate limits, and error handling.
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