API cost decision in 10 seconds

NewClaude Opus 4.7 (Fast) vs o3 Mini

Pick o3 Mini for lower cost; pick Claude Opus 4.7 (Fast) only if the larger context window matters more.

Page updated:  Data confirmed:  Prices normalized to USD per 1M tokens Sample workload: 1M input + 500K output

Budget verdict

Pick o3 Mini for lower cost; pick Claude Opus 4.7 (Fast) only if the larger context window matters more.

On the standard 1M input plus 500K output workload, o3 Mini is estimated at $3.3 vs $105 for Claude Opus 4.7 (Fast), saving $101.7 (96.9% lower).

Cost-first picko3 Mini
Context-first pickClaude Opus 4.7 (Fast)
Sample savings$101.796.9%
10x traffic gap$1017

Claude Opus 4.7 (Fast) has more context, but o3 Mini saves $101.7 on the standard workload. At 10x that traffic, the same price gap is about $1017. Use the calculator below to replace the sample workload with your own token volume.

Cost sensitivity

Workload Sensitivity

Same prices, different token mixes.

o3 Mini stays cheaper across input-heavy, balanced, and output-heavy sample workloads.

Workload shapeToken mixBetter pickClaude Opus 4.7 (Fast)o3 Mini
Input-heavy / RAG5M input + 500K outputo3 Mini$225$7.7
Balanced workload1M input + 1M outputo3 Mini$180$5.5
Output-heavy chatbot1M input + 5M outputo3 Mini$780$23.1
Cheaper input o3 Mini $30 vs $1.1 / 1M

o3 Mini is $28.9 cheaper per 1M input tokens (96.3% lower; 27.3x difference).

Cheaper output o3 Mini $150 vs $4.4 / 1M

o3 Mini is $145.6 cheaper per 1M output tokens (97.1% lower; 34.1x difference).

Larger context Claude Opus 4.7 (Fast) 1M vs 200K

Claude Opus 4.7 (Fast) has 800K more context (5x larger).

Sample workload o3 Mini $105 vs $3.3

o3 Mini is $101.7 cheaper on the standard workload (96.9% lower).

Estimate your workload cost

Your Workload Cost

Prices are normalized to USD per 1M tokens.
Claude Opus 4.7 (Fast) Calculating… Estimated API cost
o3 Mini Calculating… Estimated API cost
Cheaper for this workload Calculating… Difference: calculating…

This estimate uses normalized public API pricing per 1M tokens. It is a planning aid, not a billing quote. Verify provider pricing, limits, and terms before production use.

Quick Decision

Verdict

o3 Mini has the lower input price; o3 Mini has the lower output price; Claude Opus 4.7 (Fast) offers the larger context window. For the 1M input plus 500K output sample, o3 Mini is cheaper for the standard workload.

For a 1M input token plus 500K output token workload, the estimated API cost is $105 for Claude Opus 4.7 (Fast) and $3.3 for o3 Mini.

Best Fit

Choose Claude Opus 4.7 (Fast) when you care most about larger context window.

Choose o3 Mini when you care most about lower input-token price, and lower output-token price.

Decision Notes
  • On the standard 1M input plus 500K output workload, o3 Mini is estimated at $3.3 vs $105 for Claude Opus 4.7 (Fast), saving $101.7 (96.9% lower).
  • o3 Mini is $101.7 cheaper on the standard workload (96.9% lower).
  • o3 Mini is $28.9 cheaper per 1M input tokens (96.3% lower; 27.3x difference).
  • o3 Mini is $145.6 cheaper per 1M output tokens (97.1% lower; 34.1x difference).
  • Claude Opus 4.7 (Fast) has 800K more context (5x larger).
Head-to-Head Specs
FeatureNewClaude Opus 4.7 (Fast)
(Anthropic)		o3 Mini
(OpenAI)
Input Price
prompt tokens per 1M		$30$1.1
Completion Price
per 1M tokens		$150$4.4
Sample Workload Cost
1M input + 500K output		$105$3.3
Context Window1M200K
Release Date
Popularity#112#120

Use-Case Decision Matrix

Use caseBetter pickWhy
Budget-constrained productiono3 MiniOn the standard 1M input plus 500K output workload, o3 Mini is estimated at $3.3 vs $105 for Claude Opus 4.7 (Fast), saving $101.7 (96.9% lower).
High-volume input processingo3 MiniLower prompt-token price matters most when prompts, retrieved passages, or documents dominate the bill.
Long responses and chatbotso3 MiniLower output-token price matters most when assistants generate many completion tokens.
RAG or long-document workClaude Opus 4.7 (Fast)A larger context window leaves more room for retrieved passages, conversation history, or source files.

Related Alternatives

Same-provider lower-cost swaps
  • Claude 3 Haiku can replace Claude Opus 4.7 (Fast) when lower sample workload cost matters most: $0.88.
  • Claude 3.5 Haiku can replace Claude Opus 4.7 (Fast) when lower sample workload cost matters most: $2.8.
  • Anthropic Claude Haiku Latest can replace Claude Opus 4.7 (Fast) when lower sample workload cost matters most: $3.5.
  • Claude Haiku 4.5 can replace Claude Opus 4.7 (Fast) when lower sample workload cost matters most: $3.5.
Larger context near this budget
  • Llama 4 Scout offers 10M context with $0.23 sample workload cost.
  • Grok 4.20 offers 2M context with $2.5 sample workload cost.
  • Grok 4.20 Multi-Agent offers 2M context with $5 sample workload cost.
  • GPT-5.5 offers 1.05M context with $20 sample workload cost.

Cheaper alternatives

Review low-cost models sorted by a standard 1M input plus 500K output workload.

Open cheapest models

Larger context alternatives

Find models with larger context windows for RAG, long documents, and codebase review.

Open largest context models

Provider catalogs

Compare models within provider hubs before choosing a final API vendor.

Open provider hubs

Anthropic catalog

Review all tracked Anthropic models before deciding whether this matchup is the right shortlist.

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OpenAI catalog

Check other OpenAI models with comparable pricing, context, or release timing.

Open OpenAI models
Claude Opus 4.7 (Fast)

Fast-mode variant of [Opus 4.7](/anthropic/claude-opus-4.7) - identical capabilities with higher output speed at premium 6x pricing. Learn more in Anthropic's docs: https://platform.claude.com/docs/en/build-with-claude/fast-mode

o3 Mini

OpenAI o3-mini is a cost-efficient language model optimized for STEM reasoning tasks, particularly excelling in science, mathematics, and coding. This model supports the `reasoning_effort` parameter, which can be set to...