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LLM API Pricing

Cost per 1M tokens · 463 models · Verified Oct 20, 2026 via OpenRouter API · Prices move — check the date.

LLM Token Expenditure Index (SDLLMTK)usage-weighted effective price, USD per 1M tokens — as reported by Silicon Data

Bloomberg: SDLLMTK
$0.94/ 1M tokens · as of Oct 18, 2026

What the market actually pays per 1M inference tokens — an expenditure-weighted average across frontier & open-weight providers, normalized for input/output mix and batching. Daily readings are captured every night from Silicon Data's public page, with attribution; earlier points as reported by CIO.com & Bloomberg coverage (May 2026 peak ≈ $2.03, inception Dec 2025 ≈ $1.00). Source: Silicon Data

Cheapest paid model right now: deepseek/deepseek-v4-flash-latest — $0.0086/M input · $0.4500/M output
Model$ / 1M in$ / 1M outCache readContextProvider
cohere/north-mini-code:freefreefree—256K
dots-studio/dots-3-note-preview:freefreefree—512K
google/gemma-4-26b-a4b-it:freefreefree—262K
google/gemma-4-31b-it:freefreefree—262K
google/lyria-3-clip-previewfreefree—1049K
google/lyria-3-pro-previewfreefree—1049K
liquid/lfm-2.5-2.6b:freefreefree—66K
minimax/minimax-m3.1-flash:freefreefree—1000K
nvidia/nemotron-3-nano-omni-30b-a3b-reasoning:freefreefree—256K
nvidia/nemotron-3-super-120b-a12b:freefreefree—262K
nvidia/nemotron-3-ultra-550b-a55b:freefreefree—1000K
nvidia/nemotron-3.5-content-safety:freefreefree—128K
nvidia/nemotron-3.5-lightning:freefreefree—1000K
nvidia/nemotron-3.5-super-vl:freefreefree—1000K
openrouter/freefreefree—200K
poolside/laguna-s-2.1:freefreefree—262K
poolside/laguna-xs-2.1:freefreefree—262K
thinkingmachines/inkling-small:freefreefree—1049K
thinkingmachines/inkling:freefreefree—1049K
xingchen-agi/xing4.0-29b-a4b:freefreefree—262K
deepseek/deepseek-v4-flash-latest$0.0086$0.4500$0.00861049K
ibm-granite/granite-4.0-h-micro$0.0170$0.1120—131K
openai/gpt-oss-20b$0.0180$0.0900$0.0090131K
inclusionai/ling-3.0-flash$0.0210$0.0630$0.0042262K
nex-agi/nex-n2.5-mini$0.0250$0.1000$0.0025262K
meta-llama/llama-3.2-1b-instruct$0.0270$0.2010—60K
mistralai/mistral-nemo$0.0290$0.0300—131K
inference-net/schematron-v2-turbo$0.0300$0.1500$0.0300128K
qwen/qwen3.7-flash$0.0300$0.1300$0.00601000K
amazon/nova-micro-v1$0.0350$0.1400—128K
deepseek/deepseek-v4.1-flash$0.0352$0.0112$0.00161049K
cohere/command-r7b-12-2024$0.0375$0.1500—128K
google/gemma-3-4b-it$0.0400$0.0500$0.0200131K
inception/mercury-2.5$0.0400$0.1500$0.0040260K
sao10k/l3-lunaris-8b$0.0400$0.0500—8K
scaledown/extract$0.0400free—1000K
scaledown/summarize$0.0400free—1000K
tencent/hy-mt2-1.8b$0.0440$0.1770—8K
deepseek/deepseek-flash-latest$0.0450$0.6000$0.00701049K
z-ai/glm-5.3-flash$0.0472$0.1600$0.00601049K
z-ai/glm-flash-latest$0.0472$0.1600$0.00601049K
google/gemma-3-12b-it$0.0500$0.1500—131K
inference-net/schematron-v2-small$0.0500$0.2300$0.0500128K
liquid/lfm-2.5-24b-a2b$0.0500$0.7000$0.0250128K
meta-llama/llama-3.1-8b-instruct$0.0500$0.0800$0.0250131K
mistralai/mistral-small-24b-instruct-2501$0.0500$0.0800—33K
openai/gpt-5-nano$0.0500$0.4000$0.0050400K
upstage/solar-mini4$0.0500$0.2000$0.0050524K
meta-llama/llama-3.2-3b-instruct$0.0509$0.3350—131K
z-ai/glm-latest$0.0510$6.0000$0.03201049K
amazon/nova-lite-v1$0.0600$0.2400—300K
ibm-granite/granite-4.2-8b$0.0600$0.2500$0.0150131K
inclusionai/ling-3.0-flash-vl$0.0600$0.1800$0.0120131K
nvidia/nemotron-3-nano-30b-a3b$0.0600$0.2400—262K
poolside/laguna-xs-2.1$0.0600$0.1200$0.0300262K
z-ai/glm-4.7-flash$0.0605$0.4000—200K
qwen/qwen3.5-flash-02-23$0.0650$0.2600—1000K
microsoft/phi-4$0.0700$0.1400—16K
nvidia/nemotron-3.5-lightning$0.0700$0.2000$0.0400262K
qwen/qwen3-coder-30b-a3b-instruct$0.0700$0.2800—262K

Sorted by input price, cheapest first. 60 models shown — use the search bar to browse all 400+.

Data verified on Oct 20, 2026 via the OpenRouter API (all prices include OpenRouter's provider rates). "free" = genuinely $0 models. See also the GPU pricing tracker, the glossary, and our methodology.