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📊 JULY 2026 REPORT

State of AI API Pricing — July 2026

Claude Sonnet 5 launches at $2/$10. GPT-4.1 replaces GPT-4o at 20% cheaper. Mistral Small 4 enters the ultra-budget tier. Here's where every AI API stands — 58 models, 10 providers, real quality data.

Updated Jul 8, 2026 58 models compared 10 providers
99%
Max Savings vs Premium
$0.08
Cheapest per 1M tokens
58
Models Tracked
4
Models Deprecated (Jul)

What Changed in July 2026

July brought the biggest wave of model launches and deprecations since the Claude 4 shutdown. Claude Sonnet 5 arrived at aggressive intro pricing, OpenAI replaced the entire GPT-4o family with GPT-4.1, and Mistral entered the ultra-budget tier.

Claude Sonnet 5 — The New Mid-Tier King

Anthropic launched Claude Sonnet 5 at $2/$10 per 1M tokens (intro pricing through Aug 31, regular $3/$15). With a 1M context window and quality matching Claude Sonnet 4.6, it's the best mid-tier value right now. The intro price makes it cheaper than GPT-4.1 ($2/$8) on output tokens — a first for Anthropic.

GPT-4.1 Replaces GPT-4o

OpenAI officially deprecated GPT-4o and GPT-4o mini. The GPT-4.1 family is 20% cheaper with 8× larger context (1M vs 128K). GPT-4.1 ($2/$8), GPT-4.1 mini ($0.40/$1.60), and GPT-4.1 nano ($0.10/$0.40) span the full price range. Note: GPT-4.1 nano is already marked for shutdown on Oct 23, 2026.

GPT-5 and GPT-5 Mini Deprecated

OpenAI deprecated GPT-5 ($1.25/$10) and GPT-5 mini ($0.25/$2) with a shutdown date of Dec 11, 2026. Migrate to GPT-5.5 ($5/$30) for premium or GPT-5.4 mini ($0.40/$1.60) for budget. GPT-oss 20B at $0.08/$0.35 remains the cheapest OpenAI-hosted option.

Mistral Small 4 — Ultra-Budget contender

Mistral launched Small 4 at $0.15/$0.60 per 1M tokens with 128K context. It's price-competitive with DeepSeek V4 Flash ($0.14/$0.28) and significantly cheaper than Jamba Mini ($0.20/$0.40). A strong option for EU data residency requirements.

Together.ai Model Cleanup

Together.ai delisted Llama 4 Scout and Maverick from serverless inference in July 2026. Llama 3.1 70B and 8B were also removed. The recommended replacement is Llama 3.3 70B at $1.04/$1.04. These models may still be available via dedicated endpoints.

Complete AI API Pricing — All 58 Models

Every active AI API model, sorted by output price. Deprecated models marked in red. Prices per million tokens.

Model Provider Tier Input $/1M Output $/1M Context vs Claude 4 Opus

Prices verified Jul 8, 2026. Claude 4 Opus was $15.00 input / $75.00 output per 1M tokens.

Provider Breakdown — Who's Winning

10 providers, each with different strengths. Here's who leads in price, quality, and reliability.

🟣 Anthropic

Cheapest: Haiku 4.5 — $1.00/$5.00

4 active models · Opus 4.8, Sonnet 5, Sonnet 4.6, Haiku 4.5

Highest quality (97% of Claude 4 Opus). Sonnet 5 at intro pricing ($2/$10) is the best mid-tier value. Best for complex reasoning, coding, and creative work.

🟢 DeepSeek

Cheapest: V4 Flash — $0.14/$0.28

2 active models · V4 Pro, V4 Flash

Price leader. V3.2 deprecated Jul 7. 99% cheaper than Claude 4 Opus. Excellent for batch processing, prototyping, and cost-sensitive workloads.

🔵 OpenAI

Cheapest: GPT-oss 20B — $0.08/$0.35

8 active models · GPT-5.5, 5.4-mini, 4.1, 4.1-mini, oss

Broadest model range. GPT-4.1 replaces GPT-4o at 20% cheaper. GPT-5 and GPT-5 mini deprecated (shutdown Dec 11). GPT-oss models are cheapest.

🔴 Google

Cheapest: Gemini 2.5 Flash-Lite — $0.10/$0.40

7 active models · 3.5 Flash, 3.1 Pro, 2.5 Pro, 2.5 Flash

Best context window (1M tokens). Gemini 2.0 Flash/Flash-Lite deprecated. Great for long-document processing and multimodal tasks.

🟡 Mistral

Cheapest: Small 4 — $0.15/$0.60

3 active models · Large 3, Medium 3.5, Small 4

Small 4 is new ultra-budget contender. European provider with strong privacy focus. Price-competitive with DeepSeek for EU data residency.

🟠 Meta (Together.ai)

Cheapest: Llama 3.3 70B — $1.04/$1.04

1 active model · Llama 3.3 70B

Llama 4 Scout/Maverick delisted from serverless Jul 2026. Llama 3.1 70B/8B also removed. Llama 3.3 70B is the recommended open-source option.

⚪ Cohere

Cheapest: Command R — $0.50/$1.50

3 active models · Command A, R+, R

Enterprise-focused with strong RAG capabilities. Command A is competitive with GPT-5 for retrieval-augmented generation tasks.

🔵 xAI

Cheapest: Grok Build 0.1 — $1.00/$2.00

2 active models · Grok 4.3, Grok Build 0.1

Grok Build 0.1 repriced to $1.00/$2.00. Grok 4.3 at $1.25/$2.50 with 1M context. Good for developers in the X/Twitter ecosystem.

🟤 AI21

Cheapest: Jamba Mini — $0.20/$0.40

2 active models · Jamba 1.7 Large, Jamba Mini

Jamba 1.5 Large deprecated (superseded by 1.7). Hybrid SSM+Transformer architecture for efficient 256K context processing.

🌙 Moonshot

Cheapest: Kimi K2.6 — $0.95/$4.00

1 active model · Kimi K2.6

Chinese provider with 256K context. 10× more expensive than DeepSeek V4 Flash. Niche use case for Chinese language tasks.

Our Recommendations — By Use Case

There's no single "best" AI API. The right choice depends on your workload, budget, and quality requirements.

🏆 Best Quality

Complex reasoning, coding, creative work

Claude Opus 4.8

$5.00/$25.00 per 1M tokens

97% of Claude 4 Opus quality. The safest choice for quality-critical workloads. Worth the premium for important tasks.

💰 Best Value

General purpose, good quality at low cost

Claude Sonnet 5

$2.00/$10.00 per 1M tokens (intro)

Best mid-tier value right now. 1M context, quality matching Sonnet 4.6. Intro pricing through Aug 31 — regular $3/$15.

⚡ Cheapest

Batch processing, prototyping, high volume

DeepSeek V4 Flash

$0.14/$0.28 per 1M tokens

99% cheaper than Claude 4 Opus. Perfect for non-critical tasks, data processing, and rapid prototyping.

🔒 Most Reliable

Mission-critical, enterprise SLA

GPT-4.1

$2.00/$8.00 per 1M tokens

Replaces GPT-4o at 20% cheaper with 8× larger context. OpenAI's enterprise infrastructure. Safe choice for production.

📄 Longest Context

Document analysis, long conversations

Gemini 3.1 Pro

$2.00/$12.00 per 1M tokens

1M token context window. Best for processing long documents, codebases, and multi-turn conversations.

🇪🇺 EU Compliance

GDPR, data residency requirements

Mistral Small 4

$0.15/$0.60 per 1M tokens

European provider with strong privacy guarantees. New ultra-budget option. Best for EU-regulated industries.

What a $500/Month Claude 4 Opus Bill Looks Like Now

If you were spending $500/month on Claude 4 Opus, here's what you'd pay with each alternative:

Provider Model Monthly Cost Savings Quality
RETIRED Claude 4 Opus $500.00 100%
Anthropic Claude Opus 4.8 $165.00 -$335 (67%) 97%
Anthropic Claude Sonnet 5 INTRO $50.00 -$450 (90%) 90%
OpenAI GPT-4.1 $40.00 -$460 (92%) 88%
Google Gemini 2.5 Pro $40.00 -$460 (92%) 85%
DeepSeek DeepSeek V4 Pro $14.50 -$486 (97%) 82%
Mistral Mistral Small 4 $5.50 -$495 (99%) 70%
DeepSeek DeepSeek V4 Flash $4.70 -$495 (99%) 72%
Google Gemini 2.5 Flash-Lite $1.75 -$498 (99.6%) 65%

Based on ~33M tokens/month (1:3 input:output ratio). Quality scores from our internal benchmark suite. Sonnet 5 intro pricing through Aug 31.

⚠️ Deprecation Timeline — Act Now

Several models are approaching shutdown dates. Migrate before you lose access.

Model Provider Shutdown Date Replacement Current Price
GPT-4.1 nano OpenAI Oct 23, 2026 GPT-5.4 nano $0.10/$0.40
GPT-5 OpenAI Dec 11, 2026 GPT-5.5 $1.25/$10.00
GPT-5 mini OpenAI Dec 11, 2026 GPT-5.4 mini $0.25/$2.00
Claude Sonnet 4.6 Anthropic Deprecated Claude Sonnet 5 $3/$15
DeepSeek V3.2 DeepSeek Deprecated DeepSeek V4 Flash N/A

What's Next — Price Predictions

The AI API price war continues to accelerate. Here's what we expect:

Sonnet 5 Post-Intro Pricing

After Aug 31, Claude Sonnet 5 returns to $3/$15. Still competitive with GPT-4.1 ($2/$8) on a total-cost basis due to 1M context. Expect Anthropic to hold this price through Q4 2026.

GPT-5.4 Nano Launch

With GPT-4.1 nano shutting down Oct 23, OpenAI will launch GPT-5.4 nano as the replacement. Expect pricing at $0.10-$0.15 input — maintaining the ultra-budget tier.

Post-Shutdown Migration Wave

The Dec 11 GPT-5/GPT-5 mini shutdown will trigger another mass migration. Developers should start testing alternatives now. GPT-5.4 mini ($0.40/$1.60) and DeepSeek V4 Pro ($0.44/$0.87) are the top destinations.

Budget Tier Convergence

The budget tier is converging around $0.10-$0.20 input. DeepSeek V4 Flash ($0.14), Mistral Small 4 ($0.15), Jamba Mini ($0.20), and Gemini 2.5 Flash-Lite ($0.10) are all within 2× of each other. Quality differences will determine the winner, not price.

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