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Capability per dollar

81 benchmarked models plotted by capability against blended price. The 14 models on the frontier are the ones no other model beats on both numbers at once. There is no combined score: capability and price stay separate, always.

Frontier (14)All benchmarked models (81)x: blended $/1M tokens (log) · y: Capability Index
020406080100$0.01/M$0.10/M$1/M$10/M$100/MBlended list price per 1M tokens (log scale)Capability IndexLlama 3.1 8BGPT Mini (120b)GPT 5 NanoDeepSeek V3.2 ExpMiniMax M2.5DeepSeek V4 ProGemini 3 FlashKimi K2.6Grok 4.20Grok 4.5Claude Opus 4.8GPT 5.5Claude Fable 5GPT 5.5 Pro

The frontier, cheapest first

ModelCapability (ECI)Blended price
MetaLlama 3.1 8BMeta50.3$0.02/M
OpenAIGPT Mini (120b)OpenAI73.2$0.07/M
OpenAIGPT 5 NanoOpenAI73.4$0.14/M
DeepSeekDeepSeek V3.2 ExpDeepSeek77.2$0.30/M
MiniMaxMiniMax M2.5MiniMax79.2$0.34/M
DeepSeekDeepSeek V4 ProDeepSeek81.6$0.54/M
GoogleGemini 3 FlashGoogle82.4$1.13/M
MoonshotAIKimi K2.6MoonshotAI82.9$1.36/M
xAIGrok 4.20xAI85.7$1.56/M
xAIGrok 4.5xAI88.5$3.00/M
AnthropicClaude Opus 4.8Anthropic89.2$10.00/M
OpenAIGPT 5.5OpenAI89.6$11.25/M
AnthropicClaude Fable 5Anthropic91.6$20.00/M
OpenAIGPT 5.5 ProOpenAI91.8$67.50/M

How this is computed

Capability is the Epoch Capabilities Index at each model's peak reasoning tier (0 to 100, CC-BY data). Price is the blended list price per 1M tokens at a 3:1 input:output mix, from provider list pricing. Models missing either number are not plotted rather than shown as zero. A model is on the frontier when no other model is at least as capable and at least as cheap.

Related boards: cheapest models, best free models and measured speed.

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