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Cheapest capable models

Live list prices across providers. Ranking here is arithmetic, not opinion.

Right now

Mistral Nemo from Mistral currently ranks first for cost per million tokens, ahead of Ling 3.0 Flash from inclusionAI. The ranking comes from OpenRouter and was last published 2026-10-18.

Leader
Mistral Nemo
Made by
Mistral
Blended $/1M
$0.029
Source
OpenRouter

Full ranking Published list prices, blended 3:1 input to output.

Rank# Model Made by Per 1M tokens Context
1 Mistral Nemo Mistral $0.029 131K
2 Ling 3.0 Flash inclusionAI $0.032 262K
3 gpt-oss-20b OpenAI $0.036 131K
4 Granite 4.0 Micro IBM $0.041 131K
5 Nex-N2.5-Mini Nex AGI $0.044 262K
6 gpt-oss-20b (batch) OpenAI $0.046 131K
7 DeepSeek V4 Flash Latest DeepSeek $0.048 1.049M
8 Qwen3.7 Flash Qwen $0.055 1M
9 gpt-oss-120b (batch) OpenAI $0.056 131K
10 Llama 3.1 8B Instruct Meta $0.057 131K
11 Schematron V2 Turbo Inference.net $0.060 128K
12 Nova Micro 1.0 Amazon $0.061 128K
13 Gemma 3 4B Google $0.062 131K
14 Command R7B (12-2024) Cohere $0.066 128K
15 Mercury 2.5 Inception $0.068 260K
16 GPT-5 Nano (batch) OpenAI $0.069 400K
17 DeepSeek V4.1 Flash (batch) DeepSeek $0.075 1.049M
18 Laguna XS 2.1 Poolside $0.075 262K
19 Ministral 3 8B 2512 (batch) Mistral $0.075 262K
20 Gemma 3 12B Google $0.075 131K
21 GLM 5.3 Flash (batch) Z.ai $0.083 1.049M
22 DeepSeek V4.1 Flash DeepSeek $0.085 1.049M
23 GLM Flash Latest Z.ai $0.086 1.049M
24 GLM 5.3 Flash Z.ai $0.086 1.049M
25 Solar Mini 4 Upstage $0.087 524K

Published by OpenRouter on 2026-10-18 · copied here · no adjustment applied

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