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o4-mini vs GPT-5.4 Mini: reasoning vs standard speed utility costs

o4-mini is highly competitive, offering advanced multi-step reasoning at cheaper standard input/output base rates than GPT-5.4 Mini. Use GPT-5.4 Mini when 90% prompt caching on large repetitive context windows drops its cost lower.

Reasoning capabilities versus standard speed-optimized utility.

OpenAI's o4-mini brings native, fast reasoning capabilities to small-scale models. GPT-5.4 Mini focuses on standard rapid instruction following. Deciding between them involves comparing reasoning-compute pricing.

By TechCompare · Updated

Cost Comparison

Based on 100,000 input tokens (50% cached), 5,000 output tokens, and 100 requests.

Option A
o4-mini
Wins 2 of 4 compared specs
Option B
GPT-5.4 Mini
Wins 1 of 4 compared specs

Side-by-side specs

Speco4-miniGPT-5.4 Mini
Input Cost (per M)$0.55 (better on this spec)$0.75
Output Cost (per M)$2.20 (better on this spec)$4.50
Cached Input (per M)$0.1375$0.075 (better on this spec)
Batch Discount50%50%

How they differ

o4-mini costs $0.55 per million input tokens and $2.20 per million output tokens, with a 75% caching discount. GPT-5.4 Mini costs $0.75 per million input and $4.50 per million output, with a 90% caching discount.

Verdict

o4-mini wins the base rows handily: $0.55/M input against $0.75 and $2.20/M output against $4.50. The crossover is cached input, where its 75% discount bottoms at $0.1375/M versus GPT-5.4 Mini's 90%-discounted $0.075/M, so above ~75% prompt reuse Mini overtakes on the input bill. Batch ties at 50% on both and preserves the base ranking. The capability edge goes to o4-mini for native multi-step reasoning at this tier.

Which should you pick?

Choose o4-mini

Math, coding, and multi-step reasoning tasks on a budget.

Choose GPT-5.4 Mini

Low-latency chat applications with highly static prompt caching.

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Frequently asked questions

Is o4-mini or GPT-5.4 Mini cheaper for math and coding tasks?
o4-mini. At $0.55/M input and $2.20/M output it beats GPT-5.4 Mini's $0.75/$4.50 on the base rows. o4-mini also adds native reasoning capabilities, which is rare at this price tier. For budget math, coding, and multi-step reasoning tasks, o4-mini wins on both cost and capability.
When does GPT-5.4 Mini beat o4-mini on price?
On cached workloads with high prompt reuse. GPT-5.4 Mini's 90% caching discount drops input to $0.075/M, while o4-mini's 75% discount only reaches $0.1375/M. Above roughly 75% cache reuse on long shared system prompts, GPT-5.4 Mini's deeper discount erases o4-mini's base price advantage.
Do both models offer 50% batch discounts?
Yes. o4-mini batch drops to $0.275/M input and $1.10/M output. GPT-5.4 Mini batch drops to $0.375/M input and $2.25/M output. o4-mini stays cheaper in batch mode by the same margin as live mode.