o3: Pricing, Context, and Benchmarks

o3 is OpenAI's o-series model released on 2025-04-16. It runs on a 200K-token context window, priced at $2.00/M input and $8.00/M output. Reasoning-trained model. Higher per-call cost than GPT-4o because internal reasoning tokens are billed.

Input
$2.00/M
Output
$8.00/M
Cached input
$0.5000/M
Context
200K
Max output
100K

Specifications

ProviderOpenAI
Familyo-series
Released2025-04-16
Statusactive
Context window200K tokens
Max output100K tokens
Modalitiestext image
Capabilities function calling json mode vision reasoning
Tokenizero200k_base
API endpointhttps://api.openai.com/v1/responses
DocumentationOfficial docs ↗
Last updated2026-05-29

Benchmark scores

BenchmarkCategoryScoreMeasuredSource
AIME 2025 math 88.9 2025-04-16
GPQA Diamond reasoning 83.3 2025-04-16
SWE-bench Verified coding 71.7 2025-04-16

Scores reflect single measurements on the date shown. Reproducibility varies; consult the linked source for methodology. Use the comparison tool for side-by-side analysis.

What this model is good for

Based on benchmark scores and capability fit, o3 ranks well for:

Cost calculator

For 1,000 tokens of input and 1,000 tokens of output per call, this model costs $0.0100 per call. For typical usage:

WorkloadTokens / call (in/out)$/call$/1K calls$/1M calls
Short Q&A 200 / 100 $0.001200 $1.20 $1,200
Standard chat 1K / 500 $0.006000 $6.00 $6,000
RAG with retrieval 4K / 500 $0.012000 $12.00 $12,000
Long doc summary 20K / 1K $0.048000 $48.00 $48,000
Long context (100K input) 100K / 2K $0.212000 $212.00 $212,000

For more precise estimates including caching discounts, use the LLM API Cost Calculator.

Other OpenAI models

Common comparisons

API setup

curl https://api.openai.com/v1/responses \
  -H "Authorization: Bearer $API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"model": "o3", "messages": [{"role": "user", "content": "Hello"}]}'

See the official documentation for the full request/response schema. For pre-flight token counting before paying, use the appropriate token counter.