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GPT-5.2-Codex vs GPT-5.4 Mini

Published LiveBench scores across all seven categories, live list pricing, context windows, and the measured cost of a point of capability — for both models, side by side.

OpenRouter + LiveBenchAll comparisonsFull leaderboard

GPT-5.2-Codex scores higher, GPT-5.4 Mini costs less — it depends on your workload.

GPT-5.2-Codex is ahead by 7.6 points overall, and GPT-5.4 Mini lists 2.9× cheaper per blended million tokens. Whether 7.6 points is worth that depends on how much a wrong answer costs you. The two cost measures disagree here, which is worth knowing: GPT-5.4 Mini has the lower sticker price, but GPT-5.2-Codex earns each point of capability for less — $0.1001 against $0.1871 — because per-token rates do not predict how many tokens a model actually spends on a task.

openai

GPT-5.2-Codex

Blended / 1M
$4.81
Context
400K
Released
Jan 14, 2026
Overall score
74.0
reasoningtool callingimage inputprompt caching

openai

GPT-5.4 Mini

Blended / 1M
$1.69
Context
400K
Released
Mar 17, 2026
Overall score
66.4
reasoningtool callingfile inputimage inputprompt caching

Specs and pricing

MetricGPT-5.2-CodexGPT-5.4 Mini
LiveBench overall

Mean of the seven LiveBench category scores, 0–100. Higher is better.

74.0win66.4
Cost per point

Measured benchmark spend divided by overall score — dollars per point of capability.

$0.1001win$0.1871
Blended price / 1M

3:1 input:output mix, the usual shape of production traffic.

$4.81$1.69win
Input price / 1M$1.75$0.750win
Output price / 1M$14.00$4.50win
Cached input / 1M

Price of an input token served from the prompt cache, where the provider publishes one.

$0.175$0.075win
Context window400K400K
Max output tokens128K128K

Benchmarks by category

An overall score averages away the thing you probably care about. These are the seven LiveBench categories scored separately — GPT-5.2-Codex on top, GPT-5.4 Mini below, both out of 100.

Agentic coding
49.4
41.7
Coding
83.6
71.6
Reasoning
77.7
71.3
Mathematics
88.8
78.5
Data analysis
78.2
70.8
Language
73.7
71.0
Instruction following
66.4
59.8

What each one costs to run

Per-token prices are hard to feel. These are monthly list costs for both models across five workload shapes, using each provider's published cached-input rate where there is one.

WorkloadGPT-5.2-CodexGPT-5.4 Mini
Support chatbot

1.2K in / 400 out × 200K requests

$1426.60/mo$491.40/mo
RAG assistant

8K in / 600 out × 100K requests

$1610.00/mo$600.00/mo
Coding agent

40K in / 4K out × 20K requests

$1638.00/mo$582.00/mo
Document extraction

20K in / 1.5K out × 50K requests

$2721.25/mo$1053.75/mo
Bulk classification

500 in / 20 out × 5M requests

$4987.50/mo$1987.50/mo
Run these two through the cost calculator

Which should you pick?

You are running this at volume

GPT-5.2-Codex

Lowest measured cost per point of capability at $0.1001 per point — the gap compounds with every request.

Quality matters more than the bill

GPT-5.2-Codex

Highest overall LiveBench score of the two at 74.0.

The workload is coding or agentic work

GPT-5.2-Codex

Leads on agentic coding — 49.4 against 41.7.

You are cost-constrained

GPT-5.4 Mini

Cheaper on blended list price at $1.69 per million tokens.

GPT-5.2-Codex vs GPT-5.4 Mini FAQ

Which is better, GPT-5.2-Codex or GPT-5.4 Mini?

GPT-5.2-Codex scores higher, GPT-5.4 Mini costs less — it depends on your workload. GPT-5.2-Codex is ahead by 7.6 points overall, and GPT-5.4 Mini lists 2.9× cheaper per blended million tokens. Whether 7.6 points is worth that depends on how much a wrong answer costs you. The two cost measures disagree here, which is worth knowing: GPT-5.4 Mini has the lower sticker price, but GPT-5.2-Codex earns each point of capability for less — $0.1001 against $0.1871 — because per-token rates do not predict how many tokens a model actually spends on a task.

Is GPT-5.2-Codex cheaper than GPT-5.4 Mini?

GPT-5.4 Mini is cheaper. On a 3:1 input:output blend, GPT-5.2-Codex lists at $4.81 per million tokens and GPT-5.4 Mini at $1.69 — GPT-5.4 Mini is 2.9× cheaper. Input and output are priced separately — GPT-5.2-Codex charges $1.75 in and $14.00 out, GPT-5.4 Mini charges $0.750 and $4.50 — so the model that looks cheaper flips depending on how output-heavy your workload is.

GPT-5.2-Codex vs GPT-5.4 Mini: which scores higher on benchmarks?

GPT-5.2-Codex scores 74.0 and GPT-5.4 Mini scores 66.4 overall on LiveBench, the mean of its seven categories. That is a 7.6-point lead for GPT-5.2-Codex. Category scores differ from the overall figure — a model can lead on reasoning and trail on coding, which the per-category table above breaks out.

Which gives better value for money, GPT-5.2-Codex or GPT-5.4 Mini?

GPT-5.2-Codex. Cost per point divides the measured dollars LiveBench spent running the benchmark by the score it earned, so it captures something token pricing misses: a reasoning model can emit many times more tokens than its per-token rate suggests. GPT-5.2-Codex works out at $0.1001 per point and GPT-5.4 Mini at $0.1871.

Does GPT-5.2-Codex or GPT-5.4 Mini have a bigger context window?

They are effectively the same — 400K for GPT-5.2-Codex and 400K for GPT-5.4 Mini.

Do GPT-5.2-Codex and GPT-5.4 Mini support prompt caching?

Both publish a cached-input rate: $0.175 per million for GPT-5.2-Codex and $0.075 for GPT-5.4 Mini, against full input rates of $1.75 and $0.750. On a workload with a long stable prefix — a system prompt, a tool schema, a retrieved corpus — that changes the economics more than the headline price does.

Related comparisons

How these numbers are produced

  • Price — provider list price from OpenRouter, refreshed every 15 minutes. “Blended” is a 3:1 input:output mix.
  • ScoresLiveBench release 2026-06-25, using their own category map. Each model shows its strongest published run. A blank means “not evaluated”, never “bad”.
  • Cost per point — the measured dollars LiveBench spent on the run, divided by the score it earned.
  • “Win” — awarded only past a threshold: one full point on a benchmark score, 10% on a price, 25% on a context window. Anything tighter reports as a tie, because effort settings alone move a LiveBench score by more than that.

Published benchmarks rank models on someone else's tasks. Before committing, see LLM & agent evaluation for building an eval on your own.