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o3 vs o4-mini Deep Research

o3 vs o4-mini Deep Research: o3 is cheaper for input-heavy usage ($2.00/M vs $2.00/M input tokens), while o3 is better for long-context tasks (1,000,000 tokens).

Direct answer: choose o3 for lower token spend and choose o3 when your workload needs longer context.

Compare input and output token pricing, context windows, and monthly cost estimates on one page so you can pick the cheaper model fast.

OpenAI
o3
vs
OpenAI
o4-mini Deep Research

Cost Comparison (1000 input + 500 output tokens, 100 requests/day)

o3

Per Request:$0.006000
Daily:$0.60
Monthly:$18.00
Yearly:$219.00

o4-mini Deep Research

Per Request:$0.006000
Daily:$0.60
Monthly:$18.00
Yearly:$219.00

Cost Differences

$0.00
Per Request
$0.00
Daily
$0.00
Monthly
$0.00
Yearly

o4-mini Deep Research costs less than o3

Quick Recommendation

Winner for direct API pricing: o3. At the default workload, o3 saves about $0.00/month ($0.00/year) versus o4-mini Deep Research.

Feature Comparison

Featureo3o4-mini Deep Research
ProviderOpenAIOpenAI
Input Price$2.00/1M tokens$2.00/1M tokens
Output Price$8.00/1M tokens$8.00/1M tokens
Context Window1,000,000 tokens200,000 tokens
Max Output131,072 tokens32,768 tokens
Categoryreasoningreasoning
Capabilities
textreasoningvisioncode
textreasoningcode
Release Date4/16/20256/26/2025

o3 vs o4-mini Deep Research: Which Should You Choose?

Choosing between o3 and o4-mini Deep Research depends on your priorities: cost efficiency, context length, or raw capability. o4-mini Deep Research is the more affordable option at $2.00/1M input tokens. Meanwhile, o3 offers a significantly larger context window at 1,000,000 tokens vs 200,000 for o4-mini Deep Research.

Both models are in the reasoning category, making this a direct head-to-head comparison. At scale — say 10,000 requests per day — the cost difference adds up: o4-mini Deep Research would save you roughly $0.00/month compared to o3. For startups and indie developers, that difference can be significant.

Output costs matter too. o3 charges $8.00/1M output tokens vs $8.00 for o4-mini Deep Research.

Multimodal capabilities: o3 supports vision (image inputs) while o4-mini Deep Research is text-only. If your application needs image understanding, this narrows your choice.

Best Use Cases

Choose o3 when:

  • • You need a larger context window (1,000,000 tokens)
  • • You need more capabilities (vision)
  • • You need longer outputs (up to 131,072 tokens)
  • • You're already using OpenAI's API ecosystem

Choose o4-mini Deep Research when:

  • • You're already using OpenAI's API ecosystem

Pros and Caveats at a Glance

o3

  • Input pricing: $2.00/M tokens
  • Output pricing: $8.00/M tokens
  • Context window: 1,000,000 tokens
  • Max output: 131,072 tokens

Watch out for

  • Trade-offs are minor in this matchup.

o4-mini Deep Research

  • Input pricing: $2.00/M tokens
  • Output pricing: $8.00/M tokens
  • Context window: 200,000 tokens
  • Max output: 32,768 tokens

Watch out for

  • Smaller context window than o3

Try Different Scenarios

Use the calculator below to see how costs change with different usage patterns

o3 (OpenAI)

o4-mini Deep Research (OpenAI)

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Frequently Asked Questions

Which is cheaper, o3 or o4-mini Deep Research?
o4-mini Deep Research is cheaper for input tokens at $2.00 per million tokens vs $2.00 for o3.
What is the context window difference between o3 and o4-mini Deep Research?
o3 supports 1,000,000 tokens while o4-mini Deep Research supports 200,000 tokens — a difference of 800,000 tokens in favor of o3.
Which model is better for AI Agent / Agentic Workflows?
Both models support text, code, reasoning. For ai agent / agentic workflows, o4-mini Deep Research is the lower-cost option, while o3 offers a larger context window (1,000,000 vs 200,000 tokens). Choose o4-mini Deep Research for budget sensitivity or o3 for longer context tasks.
Which model has better overall pricing for heavy usage?
At 100 requests/day with 1,000 input and 500 output tokens each, o3 costs about $18.00/month and o4-mini Deep Research costs about $18.00/month. Overall, o4-mini Deep Research has lower combined input + output rates ($2.00 in, $8.00 out) vs o3.

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