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o4-mini vs o3-mini

Pricing, context window, and benchmark comparison · Last updated June 2026

Quick Verdict

o3-mini is cheaper than o4-mini at $1.10/1M vs $1.10/1M input tokens. o4-mini scores higher on quality benchmarks (ELO 1350). Choose o3-mini for cost-sensitive workloads; choose o4-mini for maximum quality.

Detailed Comparison

Metrico4-minio3-mini
Input Price / 1M tokens$1.10/1M$1.10/1M
Output Price / 1M tokens$4.40/1M$4.40/1M
Context Window200K200K
ELO Score (LMSYS)1350Smarter1340
Open Source
Free Tier
Release Date2025-042025-01

Which is cheaper: o4-mini or o3-mini?

o4-mini and o3-mini are identically priced at $1.10/1M per 1M input tokens. Output pricing follows a similar pattern: o4-mini charges $4.40/1M vs $4.40/1M for o3-mini.

Which has better quality: o4-mini or o3-mini?

Based on LMSYS Chatbot Arena rankings, o4-mini achieves a higher ELO score (1350 vs 1340), suggesting stronger performance on open-ended tasks. o4-mini excels at cheapest reasoning model in the openai lineup. o3-mini is known for strong reasoning at a low price point.

Which should you choose: o4-mini or o3-mini?

Choose o4-mini if:
  • Cheapest reasoning model in the OpenAI lineup
  • Strong performance on code and math for the price
  • 200K context window
Choose o3-mini if:
  • Strong reasoning at a low price point
  • 200K context window
  • Three effort levels (low/medium/high) for cost control

Frequently Asked Questions

Which is cheaper: o4-mini or o3-mini?

o4-mini and o3-mini have the same input price of $1.10/1M per 1M tokens.

Which has better quality: o4-mini or o3-mini?

o4-mini scores higher on the LMSYS Chatbot Arena with an ELO of 1350, suggesting better overall quality for most tasks.

Which has a larger context window: o4-mini or o3-mini?

Both o4-mini and o3-mini have the same context window.

Should I choose o4-mini or o3-mini?

Choose o3-mini if cost is the priority. Choose o4-mini if benchmark quality is most important. Consider your specific use case: o4-mini is best for reasoning and coding, while o3-mini excels at reasoning and math.

Is o4-mini or o3-mini open source?

o4-mini is proprietary. o3-mini is proprietary.

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