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Let’s Calculate OpenAI ChatGPT API Pricing

Select the model you want to use, enter the expected word count, and get an estimated pricing of OpenAI API.

OpenAI ChatGPT API Pricing Calculator

Easily estimate the costs of using OpenAI’s APIs with our Pricing Calculator. Get a clear understanding of the pricing structure and plan your budget effectively.

BotPenguin How it Works
This tool calculates OpenAI API cost based on model selection, prompt length, & desired word count.

Pricing Details

$0.75

Total Cost

100

Tokens Used

OpenAI Pricing Estimates

Pricing Estimates for GPT-4o, GPT-3.5 turbo, GPT-4 turbo and GPT-4 Models

Number of Tokensgpt-4ogpt-3.5-turbogpt-4-turbogpt-4
1000$0.0075$0.00075$0.0375$0.015
2000$0.015$0.0015$0.075$0.03
5000$0.0375$0.00375$0.1875$0.075
10000$0.075$0.0075$0.375$0.15
20000$0.15$0.015$0.75$0.3
30000$0.225$0.0225$1.125$0.45
40000$0.3$0.03$1.5$0.6
50000$0.375$0.0375$1.875$0.75

In this table:

  • "Number of Tokens" represents the total tokens used for an execution.
  • An "Execution" includes both the prompt sent and the response.
  • On an average, 1000 tokens are used for 750 words.

Frequently Asked Questions

It is based on the total tokens processed, counting both inputs and outputs from the API. Each token processed contributes to your total bill.

While OpenAI provides a playground for experimentation, in-depth utilization of its API comes with a cost and is not available for free.

The conversion of tokens to words varies due to token length diversity. On an average, 1000 tokens are used for 750 English words.

Daily OpenAI cost is dependent on usage. It's calculated based on the total tokens processed via the API within that day.

To request OpenAI API, visit the OpenAI website. Navigate to the API section and follow the outlined signup process and instructions.

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