Price changeBiggest1 h ago · Qwen
Qwen3.8 27B input price cut 73%: $0.15 → $0.04 per 1M tokens
Input price$0.04 per 1M tokens-73%Output price$2.3 per 1M tokens+23%
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Glossary term
A chunk of text, such as a word or word piece, that models read and generate.
A token is the unit of text a model reads and writes: a whole short word, part of a longer word, a number or punctuation. In English a token averages roughly three-quarters of a word.
Models see integers, not letters; a tokenizer converts text to token IDs and back.
Different models split text differently.
Count tokens
import tiktoken
enc = tiktoken.get_encoding("cl100k_base")
print(len(enc.encode("How many tokens is this?")))Pricing, speed and context limits are all counted in tokens.
Price changeBiggest1 h ago · Qwen
Input price$0.04 per 1M tokens-73%Output price$2.3 per 1M tokens+23%
Price change1 h ago · Z.ai
Input price$0.02 per 1M tokens-17%
Price changeBiggest6 h ago · MiniMax
Input price$0.15 per 1M tokens+100%Output price$0.6 per 1M tokens+100%
Price changeBiggest7 h ago · Tencent
Input price$0.132 per 1M tokens+60%Output price$0.528 per 1M tokens+60%