TokenRate

GPT Chat Latest Pricing

Balanced

OpenAI · 400K tokens context

GPT Chat Latest from OpenAI costs $5.00 per 1 million input tokens and $30.00 per 1 million output tokens as of June 2026 (live OpenRouter data). The model supports a 400,000-token context window (approximately 300,000 words) with a 128K-token maximum output. A typical 1,000-token request costs $0.0050 in input charges; a 10,000-token request costs $0.0500.

GPT Chat Latest pricing and capability summary
Input price$5.00 / 1M tokens
Output price$30.00 / 1M tokens
Output / input ratio6.0×
Context window400,000 tokens (~300,000 words)
Maximum output128,000 tokens
Cost per 1K tokens (input)$0.0050
TierBalanced
Last verified

GPT Chat Latest points to OpenAI's stable API alias `chat-latest` that always resolves to the latest Instant chat model used in ChatGPT. As OpenAI rolls out new Instant model updates...

Live pricing from OpenRouter

Input Price

$5.00

per 1 million tokens

Output Price

$30.00

per 1 million tokens

Context Window

400K tokens

max 128K output

Cost Examples

Request TypeTokensInput CostOutput Cost
1,000 word article1,333$0.00666$0.012
10-page document (2,500 words)3,333$0.0167$0.03
1,000 lines of code5,000$0.025$0.045
100K token document100,000$0.50$0.90

Output cost estimated at 30% of input token count. Use the calculator for exact figures.

Strengths

  • Large 400K-token context window
  • Multimodal: understands images as well as text
  • Strong general-purpose performance

Limitations

  • Quality and availability can vary by hosting provider
  • Quality and availability can vary by hosting provider

Best Use Cases

Customer-facing AI apps
Code generation and review
Content creation at scale
Conversational interfaces

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GPT Chat Latest — FAQ

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