Model & usage

token cost / query
search fees / query
total / query
monthly cost

o4-mini vs o3 — same workload, both tiers

Your token and search profile priced on both deep research tiers. Search fees are identical on both — only the token rates change, so the gap widens the longer your reports get.

ModelTokens / querySearch / queryTotal / queryMonthly

Why deep research queries cost dollars, not cents

Deep research models are priced like ordinary models on paper — dollars per million tokens — but they consume tokens like nothing else in your stack. A single query autonomously runs a research loop: it issues its own web searches, reads the pages it finds into the context window as input tokens, reasons at length about what it found (billed as output tokens even though you never see most of the reasoning), and finally writes a long structured report. A realistic task lands around 50K input tokens, 20K output tokens, and 15 web searches — roughly $0.41 on o4-mini-deep-research and $1.45 on o3-deep-research. Compare that to a typical chat completion costing a fraction of a cent.

The line item most people miss is the search fee. Deep research models bill roughly $10 per 1,000 web search calls on top of tokens, and the searches cannot be turned off — autonomous searching is the product. Fifteen searches is $0.15 per query before a single token is counted, which means short queries have a hard price floor and per-token price comparison tables systematically understate what deep research actually costs. On brief queries the search fees can exceed the token bill entirely.

The practical lever is tier routing. o4-mini-deep-research handles routine research — competitive scans, structured summaries, fact-finding — at roughly 3.5x less per query than o3-deep-research. Route everything to the mini tier first and escalate only where the report quality falls short: at 100 queries a month that single routing decision is the difference between roughly $41 and $145, and it scales linearly from there. If you only need occasional single-source lookups rather than full research loops, a regular model with the web search tool is cheaper still — model that separately with the LLM web search tool cost calculator.

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