DeepSeek V3.2 vs GPT-4o mini: token pricing & cost compared (July 2026)
How DeepSeek V3.2 (DeepSeek) and GPT-4o mini (OpenAI) actually compare on price — input, output, and total monthly cost at the MAU you care about. Updated against live OpenRouter pricing.
DeepSeek
DeepSeek V3.2
- Input
- $0.23 / 1M tokens
- Output
- $0.34 / 1M tokens
- Output / Input ratio
- 1.5×
- Context window
- 131.072K
OpenAI
GPT-4o mini
- Input
- $0.15 / 1M tokens
- Output
- $0.60 / 1M tokens
- Output / Input ratio
- 4.0×
- Context window
- 128K
The short answer
DeepSeek V3.2 wins for output-heavy work (chat, generation). GPT-4o mini wins for input-heavy work (RAG, summarisation, classification).
Token pricing side-by-side
- DeepSeek V3.2
- GPT-4o mini
Cost at your usage
DeepSeek V3.2
Per call
$0.00029
Per user / mo
$0.0286
Total / mo
$29
GPT-4o mini
Per call
$0.00037
Per user / mo
$0.0375
Total / mo
$37
Total monthly bill across MAU
- DeepSeek V3.2
- GPT-4o mini
Same usage profile applied to both models; only the per-token price differs.
Run this against your real numbers
The mini-calculator above is a preview. Use the full tools to model power-user blast radius, gross margin, and 12-month spend forecasts.
Other comparisons
Comparing DeepSeek V3.2 vs GPT-4o mini on price alone never tells the whole story — output-token weighting, context length, and your usage profile change the answer dramatically. Use the calculators below for the full picture.
Related tools: All comparisons · Cost Per User Calculator · How to calculate LLM cost per user