o3 vs GPT-4 Turbo

Side-by-side comparison of o3 (OpenAI) and GPT-4 Turbo (OpenAI). Exact API pricing per million tokens, context windows, output speed, and total cost on real-world prompts.

Specifications

Spec o3 GPT-4 Turbo
Provider OpenAI OpenAI
Model id o3 gpt-4-turbo
Input price (per 1M tokens) $2.00 $10.00
Output price (per 1M tokens) $8.00 $30.00
Context window 200,000 128,000
Output speed (tokens/sec) ~40 ~40
Tokenizer encoding o200k_base cl100k_base

Cost on real prompts

Total cost = (input tokens × input price) + (output tokens × output price). Numbers below use the exact pricing tables published by each provider.

Scenario Input Output o3 GPT-4 Turbo Cheaper
Short question + answer 50 150 $0.001300 $0.005000 o3
Code review on one file 500 1,500 $0.013000 $0.050000 o3
Long document summary 5,000 500 $0.014000 $0.065000 o3
Heavy reasoning task 2,000 8,000 $0.068000 $0.260000 o3
Full codebase analysis 50,000 10,000 $0.180000 $0.800000 o3

Want the exact cost for your prompt instead of these examples? Open the cost calculator pre-loaded with both models →

When to pick which

Heuristics derived from the spec table above. Always validate on your own prompts before committing — these are starting points, not verdicts.

Pick o3 for

  • output-heavy workloads (long-form generation, code, summaries) — o3 is meaningfully cheaper per output token
  • input-heavy workloads (long context, RAG, document QA) — o3 is cheaper per input token
  • tasks needing a larger context window — o3 fits 2x more tokens than gpt-4-turbo
  • complex multi-step reasoning (math, debugging, planning) — o3 uses chain-of-thought internally

Pick GPT-4 Turbo for

No clear advantage on the data points we measure. Compare on your actual prompts.

Switching between them

For most use cases, switching providers means updating the model id and the request shape if the providers differ. Within the same provider, it's usually a single-line change.

From o3 to GPT-4 Turbo

# Before
model = "o3"

# After
model = "gpt-4-turbo"

If the providers differ (OpenAI vs OpenAI), you'll also need to swap the SDK / endpoint URL. Cross-provider migrations usually take 30 minutes to a few hours depending on how many features (streaming, function calling, tool use) you depend on.

Calculate cost on your own prompt

The examples above use generic input/output ratios. For an exact comparison, paste your real prompt into the calculator — it counts tokens with the right tokenizer for each model and shows side-by-side cost.

Open the calculator with both models →