index · updated 2026-10-13 · since 2026-07-17

The Token Price Index

What a million AI tokens costs, tracked every day. The Market line is the median blended price across every paid model in the catalog; the Frontier line is the same median over today's twenty highest-scoring models. Prices are blended 3:1 input to output, the usual shape of real workloads.

Market · median of 506 paid models
$0.89/ 1M tokens
+4.4% 30 days +9.2% since 2026-07-17
Frontier 20 · median of the top-scoring models
$4.81/ 1M tokens
-51.9% 30 days -51.9% since 2026-07-17
Last 30 days
28 cuts 30 increases
86 trading days in the series
MarketFrontier 20USD per 1M tokens, blended
$0.00$3.70$7.40$11.10 Jul 17Sep 1Oct 13

Yesterday's moves 1 new, 16 price changes

ModelWasNowChange
DeepSeek: DeepSeek V4.1 Flash $0.525$0.262 -50.0%
Z.ai: GLM Flash Latest $0.324$0.245 -24.5%
DeepSeek: DeepSeek V4 Flash Latest $0.202$0.155 -23.2%
DeepSeek: DeepSeek Flash Latest $0.322$0.257 -20.4%
MoonshotAI: Kimi Latest $4.463$3.922 -12.1%
Z.ai: GLM 5.3 $1.252$1.259 +0.5%
DeepSeek: DeepSeek Pro Latest $1.438$1.475 +2.6%
Z.ai: GLM 5.3 Flash $0.237$0.245 +3.0%
Z.ai: GLM Latest $1.252$1.291 +3.1%
DeepSeek: DeepSeek V4 Flash 0423 $0.324$0.352 +8.6%
MoonshotAI: Kimi K3 $3.047$3.922 +28.7%
Google: Gemma 4 26B A4B $0.086$0.121 +40.0%
MiniMax: MiniMax M2.7 $0.367$0.525 +42.9%
Meta: Llama 4 Scout $0.150$0.282 +88.3%
Meta: Llama 3.3 70B Instruct $0.290$0.640 +120.7%
OpenAI: gpt-oss-120b $0.070$0.262 +273.7%

Biggest cuts, 30 days

ModelWasNowChange
Anthropic: Claude Haiku Latestsince 2026-10-08 $2.000$0.200-90.0%
OpenAI: gpt-oss-120b (batch)since 2026-09-24 $0.262$0.056-78.6%
inclusionAI: Ling 3.0 Flash VLsince 2026-09-26 $0.090$0.031-65.4%
Qwen: Qwen3 14Bsince 2026-10-11 $0.398$0.150-62.3%
OpenAI: GPT Luna Latestsince 2026-09-23 $0.450$0.200-55.6%
Qwen: Qwen3.5-35B-A3Bsince 2026-10-10 $0.547$0.247-54.7%
OpenAI: gpt-oss-20b (batch)since 2026-09-23 $0.088$0.046-47.4%
DeepSeek: DeepSeek V4 Pro 0423since 2026-10-12 $2.000$1.194-40.3%
Qwen: Qwen3 VL 30B A3B Thinkingsince 2026-10-10 $0.750$0.467-37.7%
OpenAI: gpt-oss-20bsince 2026-09-23 $0.055$0.036-34.5%
inclusionAI: Ling 3.0 Flash Finsince 2026-10-03 $0.090$0.062-30.8%
MoonshotAI: Kimi K3since 2026-10-13 $5.307$3.922-26.1%

Biggest increases, 30 days

ModelWasNowChange
DeepSeek: DeepSeek V4 Flash 0423since 2026-10-13 $0.082$0.352+330.6%
Meta: Llama 3.3 70B Instructsince 2026-10-13 $0.155$0.640+312.9%
DeepSeek: DeepSeek V4 Flash Latestsince 2026-10-13 $0.040$0.155+287.0%
OpenAI: gpt-oss-120bsince 2026-10-13 $0.070$0.262+273.7%
DeepSeek: DeepSeek V4 Flash 0731since 2026-10-12 $0.050$0.172+244.0%
Z.ai: GLM Flash Latestsince 2026-10-13 $0.119$0.245+106.0%
Z.ai: GLM 5.2since 2026-10-10 $0.950$1.795+88.9%
Meta: Llama 4 Scoutsince 2026-10-13 $0.150$0.282+88.3%

How the index is computed

Blended price. For every model, the blended cost per million tokens is three parts input price to one part output price, the typical ratio of a production workload. Free models and zero-priced listings are excluded.

Market. The median blended price across every paid model in the catalog that day. A median, not a mean, so a single $75-per-million flagship or a $0.02 distillate cannot drag it around. New models enter the day they appear; retired models stay at their last price until the feed drops them.

Frontier 20. The same median over today's twenty highest quality-score models in the catalog, fixed as a basket and priced back through history: Anthropic: Claude Opus 5.5, Anthropic: Claude Sonnet 5.5, Google: Gemini 2.5 Pro, Anthropic: Claude Fable 5.1, Anthropic: Claude Fable 5, OpenAI: GPT-6 Astra, Meta: Muse Wonder, OpenAI: GPT-6.1 Sol, Anthropic: Claude Opus 5, Anthropic: Claude Opus 4.8, Meta: Muse Spark 1.3, Anthropic: Claude Opus 4.7, OpenAI: GPT-6 Sol, OpenAI: o4 Mini High, OpenAI: GPT-5.4, OpenAI: GPT-5.5, OpenAI: GPT-5.6 Sol, SpaceXAI: Grok 4.7, Xiaomi: MiMo-V2.6-Pro, Qwen: Qwen3.8 Max (0902).

History. Prices are recorded from the OpenRouter catalog on every daily rebuild since 2026-07-17 and kept as a change log, so each day's value is the last price seen on or before that date. The movers tables compare each model's price today with its price thirty days earlier. The whole series is available as tpi.json; for live per-model pricing, see the API.

Rebuilt 2026-10-13. Context, not financial advice; vendor list prices, before volume discounts.

The Model Movers Report

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