ZMIME
Comparison · 2 models · Updated Oct 4, 2026

GPT-5.4 nano vs o3

GPT-5.4 nano comes out ahead, 68 to 58 on our weighted score, and it is the cheaper option too.

  1. Our pick

    OpenAI

    GPT-5.4 nano

    Released Mar 17, 2026

    68/100
    • ECI145.8
    • Price$0.20 / $1.25
    • Context400K
  2. OpenAI

    o3

    Released Apr 16, 2025

    58/100
    • ECI146.9
    • Price$2.00 / $8.00
    • Context200K
  3. Add a model

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01 — Verdict

GPT-5.4 nano is our pick

GPT-5.4 nano is the better all-round choice, scoring 68/100 against o3 (58). It leads on price and context window. o3 wins on inputs & features. The score weighs capability 50%, price 25%, inputs & features 15%, context window 10%.

  • Capabilityo3Capabilities Index (ECI): o3 146.9 · GPT-5.4 nano 145.8
  • Lowest priceGPT-5.4 nanoGPT-5.4 nano $0.463 · o3 $3.50 per 1M tokens (3:1 blend)
  • Longest contextGPT-5.4 nanoGPT-5.4 nano 400,000 · o3 200,000 tokens
  • Widest inputso3GPT-5.4 nano: Text, Images · o3: Text, Images, PDFs
  • Self-hostingNo open weightsBoth are available only through APIs
How the score is built
MeasureWeightGPT-5.4 nanoo3
CapabilityCapabilities Index (ECI)50%7374
Price25%6624
Inputs & features15%7080
Context window10%4432
Overall100%68/10058/100
02 — Side by side

Every spec in one table

Highlighted cells lead their row. Dashes mean the data is not published.

GPT-5.4 nano vs o3 specifications side by side
SpecificationGPT-5.4 nanoOpenAIo3OpenAI
Capability
Capabilities Index (ECI)145.8146.9 (best)
ECI rank#75 of 148#63 of 148 (best)
GPQA DiamondGraduate-level science questions78.5%81.8% (best)
FrontierMath Tiers 1–3Research-level mathematics44.9% (best)33.3%
OTIS Mock AIME 2024–2025Competition mathematics87.8% (best)84.4%
SWE-bench VerifiedFixing real GitHub issues—62.3%
SimpleQA VerifiedShort factual questions11.7%49.4% (best)
Price per million tokens
Input$0.20 (best)$2.00
Output$1.25 (best)$8.00
Cached input$0.02 (best)$0.50
Blended (3:1)$0.463 (best)$3.50
Long-context rateSame rateSame rate
Price sourceOfficial OpenAI APIOfficial OpenAI API
Limits
Context window400,000 tokens (best)200,000 tokens
Max output128,000 tokens (best)100,000 tokens
Inputs and features
TextYesYes
ImagesYesYes
PDFsNoYes
AudioNoNo
VideoNoNo
ReasoningYeslow · medium · high · xhighYeslow · medium · high
Tool callingYesYes
Structured outputYesYes
Availability
WeightsProprietaryProprietary
API model IDgpt-5.4-nanoo3
API providers26 (best)18
ReleasedMar 17, 2026Apr 16, 2025
Knowledge cutoffAug 31, 2025May 2024
03 — Cost

What would a month cost?

Enter your expected volume in millions of tokens. List prices only; caching and batch discounts would lower these.

  • GPT-5.4 nano$4.50
  • o3$36.00
04 — Questions

Which should you choose?

Which is better: GPT-5.4 nano or o3?

GPT-5.4 nano is the better all-round choice, scoring 68/100 against o3 (58). It leads on price and context window. o3 wins on inputs & features. The score weighs capability 50%, price 25%, inputs & features 15%, context window 10%.

Which is cheaper, GPT-5.4 nano or o3?

GPT-5.4 nano is cheaper at $0.20 input / $1.25 output per million tokens (official OpenAI API price). o3 costs $2.00 input / $8.00 output per million tokens (official OpenAI API price). At a typical mix of three input tokens to one output token, that is $0.463 per million tokens for GPT-5.4 nano versus $3.50 for o3 (7.6× as much).

Which scores higher on benchmarks?

o3 scores higher on the Capabilities Index (ECI): o3 146.9 (#63 of 148) and GPT-5.4 nano 145.8 (#75 of 148). The confidence ranges of the top two overlap (144.9–148.6 vs 143.2–147.7), so treat the gap as small. On individual benchmarks: GPQA Diamond — o3 81.8%, GPT-5.4 nano 78.5%; FrontierMath Tiers 1–3 — GPT-5.4 nano 44.9%, o3 33.3%; OTIS Mock AIME 2024–2025 — GPT-5.4 nano 87.8%, o3 84.4%; SimpleQA Verified — o3 49.4%, GPT-5.4 nano 11.7%.

Which is better for coding?

There are no published SWE-bench Verified results for GPT-5.4 nano yet, so there is no like-for-like coding score. On overall capability, o3 leads, which tends to carry over to coding, but test on your own codebase. Both support tool calling for agent workflows.

Which has the bigger context window?

GPT-5.4 nano has the largest context window at 400,000 tokens, against 200,000 for o3. Maximum output per response: GPT-5.4 nano up to 128,000, o3 up to 100,000 tokens.

Which can read images, PDFs, audio or video?

GPT-5.4 nano accepts text and images; o3 accepts text, images and PDFs. o3 handles the widest range of inputs.

Are any of these open source?

No. GPT-5.4 nano and o3 are proprietary and only available through APIs and apps.

Which is newer?

GPT-5.4 nano is the newest, released Mar 17, 2026. o3 came out Apr 16, 2025. Knowledge cutoff: GPT-5.4 nano Aug 31, 2025, o3 May 2024.

How do you decide the winner?

Each model gets a 0–100 score on capability (50%, independent benchmark results); price (25%, blended price per million tokens (3 input : 1 output), log scale); inputs & features (15%, image, PDF, audio and video input, tool calling, structured output and reasoning); context window (10%, maximum tokens per request, log scale). Dimensions missing for any model are dropped and the remaining weights rescaled, so every model is judged on the same evidence. Specs and prices come from public model listings and the labs’ own API pages; capability scores come from independent benchmark runs. Data updated Oct 4, 2026.