Is o4 Mini a good deal?

Whether anything in this catalogue beats o4 Mini on both quality and price, and what you give up if it does. A computation on the current catalogue, not an opinion.

13 undominated of 136 · Sep 23, 2026

As of Sep 23, 2026, o4 Mini is dominated for Balanced on LMArena. GPT-5.6 Luna scores 76.7 higher and costs 77% less, with a covering envelope. 13 of 136 rated, priced standard models are undominated.

Inspect model evidence Compare differences & requirements

Current model

o4 Mini

Balanced

3 tokens in per 1 out

GPT-5.6 Luna is both better and cheaper than o4 Mini: 76.7 points higher on LMArena and 77% less per million tokens, $1.48 cheaper at this mix.

o4 Mini

LMArena Elo · higher is better

Scale starts at 1040 Elo

1353.2

Effective $/M · Balanced · lower is better

$1.93/M

GPT-5.6 Luna

LMArena Elo · higher is better

Scale starts at 1040 Elo

1429.9

Effective $/M · Balanced · lower is better

$0.450/M

o4 Mini takes image, text, file, returns up to 100,000 tokens from a 200,000-token context, and is listed by 1 seller.

Compared against 136 rated, priced models on this lens: 5 models dominate it and give up nothing, 5 more dominate it but give something up. o4 Mini scores 1353.2 at $1.93 per million tokens for this mix.

Envelope-safe replacements

Each row scores at least as high, costs no more, and covers this model’s context, output, modalities, tools, and reasoning. A cheaper narrower model is not listed here.

ModelLMArenaEffective $/MYou save
GPT-5.6 Luna1429.9 +76.7$0.450/M77%
GPT-5.4 Mini1412.1 +58.9$1.69/M12%
Grok 4.31397.7 +44.5$1.56/M19%
GPT-5 Mini1373.0 +19.8$0.688/M64%
GPT-5.4 Nano1372.9 +19.7$0.463/M76%

Higher score, lower price, named losses

Not a drop-in. The loss is why these are not a recommendation.

ModelLMArenaEffective $/MYou give up
Gemini 3.8 Flash1494.7$1.50/Mmax output
Gemini 3.7 Flash1490.5$1.50/Mmax output
Gemini 3.6 Flash1476.1$1.50/Mmax output
GLM 5.31475.1$1.29/Mimage, file
GLM 5.3 Flash1471.9$0.237/Mfile
GPT-5.6 Luna1429.9 · $0.450/Mo4 Mini1353.2 · $1.93/MLMArena EloEffective $/M · Balanced
136 rated, priced standard models. Chartreuse is the frontier. Cobalt is the model you named, when it is not on the staircase.

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