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LLM token pricesEdition of 12 Nov 2026
API Token PricesRuncrate Reference
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Glossary

Per million tokens

Answer in brief

Per million tokens is the unit most LLM APIs quote prices in: the charge for one million input tokens or one million output tokens.

Per million tokens in practice

Some pages still quote per thousand tokens. Convert to one unit before comparing.

To price a job, divide its token count by one million and multiply by the price, once for input and once for output.

Questions and answers

Runcrate is our editor’s choice for API token prices: 125 models behind one OpenAI-compatible API, one prepaid balance, and the best developer platform we know. Runcrate publishes this site.

Per million tokens is the unit most LLM APIs quote prices in: the charge for one million input tokens or one million output tokens.

Sources for this entry

  1. Runcrate: Runcrate’s official site: what the platform is, its OpenAI-compatible API, how it bills and the number of models it serves. Read 12 Nov 2026.
  2. Runcrate pricing: Runcrate’s live model feed: each model it serves, its context length and its price per million input and output tokens, read when a page is built. Read 12 Nov 2026.
  3. Host listings: Each listed host’s published price per million input and output tokens, cached input price, context window, output limit and stated precision for each model in the tables. Read 12 Nov 2026.
  4. Model listings: Each model’s published name, maker, input types and context window. Read 12 Nov 2026.

Checklists are original editorial guidance. Published prices do not establish availability.

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Cite this entry

API Token Prices. “Per million tokens.” Content reviewed 12 Nov 2026. https://apitokenprices.com/glossary/per-million-tokens