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GPT-5.4 vs Claude Opus 5
A straight cost comparison of GPT-5.4 (OpenAI) and Claude Opus 5 (Anthropic), per 1,000,000 tokens, verified October 2026.
Rate-by-rate comparison
| Metric | GPT-5.4 | Claude Opus 5 | Winner |
|---|---|---|---|
| Input / 1M | $2.50 | $5 | GPT-5.4 |
| Cached input / 1M | $0.25 | $0.50 | GPT-5.4 |
| Cache write / 1M | — | $6.25 | GPT-5.4 |
| Output / 1M | $15 | $25 | GPT-5.4 |
| Context window | 1,050,000 | 1,000,000 | GPT-5.4 |
| Batch API | Yes | Yes | Tie |
| Long-context tier | > 272,000 | None | — |
For per-token metrics, the lower number wins. For context window and batch support, the higher or broader option wins. A dash means the provider does not publish that rate: a missing cache-write fee means writes are not billed per token, while a missing cached-input rate means cache hits bill at the full input rate.
Blended cost: 1M input + 250K output
| Model | Blended cost | Difference |
|---|---|---|
| GPT-5.4 | $6.25 | Cheaper |
| Claude Opus 5 | $11.25 | +$5 |
Ten workloads, two bills
The same two models, priced across ten workloads that differ only in their input:output ratio. Nothing else changes — no retries, no system prompt, no middleware.
| Workload | GPT-5.4 | Claude Opus 5 | Winner |
|---|---|---|---|
| Classification 100K reqs · 500 in / 10 out | $140 | $275 | GPT-5.4 |
| Data extraction 10K reqs · 2K in / 200 out | $80 | $150 | GPT-5.4 |
| Support chat 1K reqs · 4K in / 600 out | $19 | $35 | GPT-5.4 |
| Code review 2K reqs · 8K in / 1.5K out | $85 | $155 | GPT-5.4 |
| Summarisation 1K reqs · 20K in / 1K out | $65 | $125 | GPT-5.4 |
| Agent loop 5K reqs · 12K in / 2K out | $300 | $550 | GPT-5.4 |
| Translation 500 reqs · 15K in / 15K out | $131 | $225 | GPT-5.4 |
| Long-document QA 200 reqs · 120K in / 800 out | $62.40 | $124 | GPT-5.4 |
| Cached RAG 1K reqs · 50K in (45K cached) / 1K out | $38.85 | $72.76 | GPT-5.4 |
| Nightly batch 10K reqs · 10K in / 2K out | $275 | $500 | GPT-5.4 |
GPT-5.4 wins 10 of 10, Claude Opus 5 wins 0 of 10. The winner is set by the token mix, not by the headline rate.
Where the two bills cross over
GPT-5.4 is cheaper on both sides of the mix: $2.50 vs $5 per million input tokens, and $15 vs $25 per million output. No input:output ratio reverses that, so on price alone the other model never becomes the better choice — it has to win on context, latency or output quality.
Cost at four scales
The same support-chat workload (4K input, 600 output per request) at four monthly volumes.
| Requests / month | GPT-5.4 | Claude Opus 5 | Difference |
|---|---|---|---|
| 100 | $1.90 | $3.50 | GPT-5.4 cheaper by $1.60 |
| 1,000 | $19 | $35 | GPT-5.4 cheaper by $16 |
| 10,000 | $190 | $350 | GPT-5.4 cheaper by $160 |
| 100,000 | $1,900 | $3,500 | GPT-5.4 cheaper by $1,600 |
What caching does to each bill
Caching only helps the part of the prompt that repeats. This is the support-chat workload (1,000 requests, 4,000 input tokens each) with an increasing share of that prompt served from a warm cache, written once on the first request.
| Cached share of the prompt | GPT-5.4 | Claude Opus 5 | Winner |
|---|---|---|---|
| 0% | $19 | $35 | GPT-5.4 |
| 50% | $14.50 | $26.01 | GPT-5.4 |
| 80% | $11.81 | $20.62 | GPT-5.4 |
| 95% | $10.46 | $17.92 | GPT-5.4 |
Both models publish a cached-read rate, so the discount is comparable: GPT-5.4 reads cache at $0.25 per million, Claude Opus 5 at $0.50.
Which one should you pick?
GPT-5.4 wins on classification, data extraction, support chat, code review, summarisation, agent loop, translation, long-document qa, cached rag, nightly batch, while Claude Opus 5 wins on none of the ten workloads above.
Beyond price, the two differ on input rate ($2.50 vs $5); output rate ($15 vs $25); cached-input rate ($0.25 vs $0.50); cache-write rate (— vs $6.25); context window (1,050,000 vs 1,000,000); long-context tier (yes, above 272,000 vs none).
Batch mode is available on GPT-5.4 and Claude Opus 5, which halves the nightly job. Both publish cached-input discounts, so a stable system prompt is worth caching on either.
FAQ
Is GPT-5.4 cheaper than Claude Opus 5?
On a blended 1M-input-plus-250K-output workload, GPT-5.4 is cheaper by 44% ($6.25 vs $11.25). The gap changes for cache-heavy prompts and for batch jobs, as the workload table shows.
Which handles longer prompts, GPT-5.4 or Claude Opus 5?
GPT-5.4 has the larger context window (1,050,000 vs 1,000,000 tokens). Watch the long-context threshold on GPT-5.4: rates rise once input passes it.
Do both models support prompt caching?
GPT-5.4 bills cached reads at $0.25 per 1M; Claude Opus 5 at $0.50.
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