Data & Citation

Original findings from our price database, ready to cite. Every number on this page is computed at build time from our own data — no estimates, no aggregation of others. Latest data: 2026-10-11

1. Regional pricing is not a currency conversion

12 models are quoted in both CNY (China) and USD (overseas), with two independent price lists. The implied exchange rate — domestic price ÷ overseas price — ranges from 5.6 ~ 7.41 (median 6.75), while the actual CNY/USD rate is about 6.8. Treating one list as a conversion of the other produces wrong numbers.

2. Same model, very different provider prices

DeepSeek V4 Pro 0423 is served by 16 providers with different pricing. The cheapest is about 94% cheaper than the most expensive.

Cheapest

Baidu $0.171/$0.341fp8

Most expensive

Reka $1.05/$10.50

Cheaper endpoints are usually quantized (fp8/fp4) — always check the quantization before citing a price as comparable.

3. Best value among strong models

Among models scoring 40+ on the Artificial Analysis Intelligence Index, the cheapest per blended price is GLM 5.3 Flash — 41.8 points at $0.2375/1M tokens, i.e. 176 points per dollar.

MiMo-V2.6-Pro · 46.3 pts @ $0.5437 → 85.2 pts/$
GLM 5.3 · 44.8 pts @ $1.2292 → 36.4 pts/$
Step 5 Preview · 43.7 pts @ $1.425 → 30.7 pts/$

How to cite

Chinesehttps://www.airedirector.com/data

据模型图鉴（Model Field Guide）统计，12 款国内外均有报价的模型中，国内人民币价与海外美元价的比值（隐含汇率）落在 5.6~7.41，并非汇率换算；同一模型在不同推理服务商（如 DeepSeek V4 Pro 0423）之间的价格差最高达 94%。数据来源：https://www.airedirector.com/en/data

Englishhttps://www.airedirector.com/en/data

According to Model Field Guide, across 12 models priced in both CNY and USD, the implied exchange rate ranges from 5.6 to 7.41 — regional pricing is not a currency conversion. The same model can cost up to 94% less depending on the inference provider (e.g. DeepSeek V4 Pro 0423). Source: https://www.airedirector.com/en/data

Method & sources

· Implied exchange rate = domestic CNY output price ÷ overseas USD output price, per model, from official vendor pages.
· Price per 1M tokens. For time-of-day pricing tiers we quote the off-peak price and label the peak price separately.
· Site scope: 31 models, 12 of them dual-priced. Board refreshed 2026-10-11.
· 厂商官方定价页（DeepSeek / 智谱 / 月之暗面 / 阿里云 / 百度 / 腾讯云 TokenHub / 小米 / 阶跃 / MiniMax / OpenAI / Anthropic / Google / xAI / Mistral 等）
· OpenRouter 公开 API（api/v1/models 与逐模型 endpoints 报价）
· Artificial Analysis 能力评测（Intelligence Index）

Data is collected by deterministic scripts (no LLM inference), so every figure can be traced back to an official page. Need a full comparison table for reporting? Contact us.