Is GPT-4o or GPT-5 Nano cheaper?

For a typical request (10,000 input + 2,000 output tokens), GPT-5 Nano is cheaper — about 97% less, or roughly $4370 saved per 100,000 requests. GPT-4o runs $2.5/$10 per 1M input/output tokens; GPT-5 Nano runs $0.05/$0.4.

Which has the larger context window?

GPT-5 Nano, at 400,000 tokens versus 128,000.

How accurate are these token counts?

GPT-4o: Exact tokenization via the canonical OpenAI vocab (o200k_base). GPT-5 Nano: Exact tokenization via the canonical OpenAI vocab (o200k_base). The dollar math itself is exact once the token count is known.

GPT-4o vs GPT-5 Nano: pricing & cost comparison

On input tokens, GPT-5 Nano is the cheaper of the two — 98% less per million ($2.5 vs $0.05). On output, GPT-5 Nano is 96% cheaper ($10 vs $0.4) — and since output is usually the dominant cost driver, that gap matters more than it looks.

Side by side

	GPT-4o	GPT-5 Nano
Input / 1M tokens	$2.5	$0.05
Output / 1M tokens	$10	$0.4
Context window	128,000	400,000
Token-count accuracy	exact	exact
Cost — 10,000 input + 2,000 output tokens	$0.045	$0.0013

What a real request costs

Take a representative turn — 10,000 input + 2,000 output tokens. GPT-4o comes to $0.045, GPT-5 Nano to $0.0013. Across 100,000 requests that's a $4370 swing in favour of GPT-5 Nano. To run the numbers on your actual prompt, paste it into the calculator and toggle Compare across all models.

Same vendor — an easy switch

Moving between GPT-4o and GPT-5 Nano is a same-vendor move — one SDK, one tokenizer, so no recalibration. That makes this a straight cost/quality call: send the routine bulk of traffic to GPT-5 Nano ($0.05/$0.4 per 1M) and reserve GPT-4o for the requests that visibly need its extra headroom. On the worked example above that split is worth about 97% per request — small per call, real money once you multiply by volume.

See the full breakdown on the dedicated pages for GPT-4o and GPT-5 Nano.

FAQ

Is GPT-4o or GPT-5 Nano cheaper?: For a typical request (10,000 input + 2,000 output tokens), GPT-5 Nano is cheaper — about 97% less, or roughly $4370 saved per 100,000 requests. GPT-4o runs $2.5/$10 per 1M input/output tokens; GPT-5 Nano runs $0.05/$0.4.
Which has the larger context window?: GPT-5 Nano, at 400,000 tokens versus 128,000.
How accurate are these token counts?: GPT-4o: Exact tokenization via the canonical OpenAI vocab (o200k_base). GPT-5 Nano: Exact tokenization via the canonical OpenAI vocab (o200k_base). The dollar math itself is exact once the token count is known.

Both prices are computed from tokenmath's verified pricing table. Rates sourced from openai.com, verified 2026-05-18. Vendor pricing changes often — confirm before you commit.