o3-mini vs Qwen3 32B (Groq): API Cost Comparison
Compare the API pricing, context windows, features, and real-world cost projections for o3-mini (OpenAI) and Qwen3 32B (Groq) (Groq). Use the interactive calculator below to compute your exact monthly cost based on your token usage and request volume.
Prices verified Mar 6, 2026
Interactive Cost Calculator
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Showing costs for 2 models. Cheapest: Qwen3 32B (Groq) at $5.85/month.
| Alert | |||||||
|---|---|---|---|---|---|---|---|
BestQwen3 32B (Groq) | Groq | $5.85 | $0.000585 | $2.90 | $2.95 | 82.3% | Alerts coming soon |
o3-mini | OpenAI | $33.00 | $0.003300 | $11.00 | $22.00 | — | Alerts coming soon |
Monthly Cost Comparison
Price Comparison at a Glance
All prices are in USD per 1 million tokens ($/M tokens). Lower is cheaper.
| Pricing Type | o3-mini | Qwen3 32B (Groq) | Cheaper |
|---|---|---|---|
| Input (standard) | $1.10/M | $0.29/M | Qwen3 32B (Groq) |
| Output | $4.40/M | $0.59/M | Qwen3 32B (Groq) |
| Cached input | $0.55/M | N/A | — |
Prices last verified: 2026-03-06
Cost Breakdown by Usage Volume
Estimated monthly costs at different request volumes, assuming 1,000 input tokens and 500 output tokens per request. Adjust in the calculator above for your specific use case.
| Volume | o3-miniMonthly | Qwen3 32B (Groq)Monthly | o3-miniPer request | Qwen3 32B (Groq)Per request |
|---|---|---|---|---|
| 1K requests/mo | $3.30 | $0.58 | $0.003300 | $0.000585 |
| 10K requests/mo | $33.00 | $5.85 | $0.003300 | $0.000585 |
| 100K requests/mo | $330.00 | $58.50 | $0.003300 | $0.000585 |
| 1M requests/mo | $3,300.00 | $585.00 | $0.003300 | $0.000585 |
Green values indicate the lower-cost option at each volume tier. Cost per request is calculated at 1,000 input + 500 output tokens using standard (non-batch, non-cached) pricing.
Price History
Input price per 1M tokensWhen to Choose o3-mini
by OpenAI
- Code generation
- Data extraction
Input / 1M tokens
$1.10/M
Output / 1M tokens
$4.40/M
Context window
200,000
Tier
reasoning
When to Choose Qwen3 32B (Groq)
by Groq
- General chatbot
- Code generation
Input / 1M tokens
$0.29/M
Output / 1M tokens
$0.59/M
Context window
131,072
Tier
mid
Key Differences Beyond Price
Cost is only one factor in choosing an AI model. Context window size, rate limits, supported features, and latency all affect whether a model fits your use case.
| Capability | o3-mini | Qwen3 32B (Groq) |
|---|---|---|
| Context window | 200,000 tokens | 131,072 tokens |
| Max output tokens | 100,000 tokens | 8,192 tokens |
| Performance tier | Reasoning | Mid |
| Vision / image input | No | No |
| Function calling | Yes | Yes |
| JSON mode | Yes | Yes |
| Prompt caching | Yes | No |
| Batch API (50% discount) | No | No |
| Extended reasoning | Yes | Yes |
| Fine-tuning | No | No |
| Rate limit (req/min) | 1,000 | 30 |
o3-mini notes
Configurable reasoning effort (low/medium/high). No vision support.
Qwen3 32B (Groq) notes
Qwen3 32B with reasoning capabilities on Groq hardware.
Frequently Asked Questions
Is o3-mini cheaper than Qwen3 32B (Groq)?
At standard usage (1,000 input tokens, 500 output tokens, 100,000 requests/month), Qwen3 32B (Groq) costs $58.50/month versus $330.00/month for o3-mini — a 82% saving. Your actual savings will vary based on your token profile; output-heavy workloads amplify differences in output pricing.
Which model has a larger context window, o3-mini or Qwen3 32B (Groq)?
o3-mini has a larger context window at 200,000 tokens, compared to 131,072 tokens for Qwen3 32B (Groq). A larger context window is important for processing long documents, multi-turn conversations, or large codebases without truncation.
Do o3-mini and Qwen3 32B (Groq) support the Batch API?
Neither o3-mini nor Qwen3 32B (Groq) currently supports a batch API with discounted pricing. For batch-eligible alternatives, consider models from OpenAI, Anthropic, or Google that include batch API support.
Which model offers better prompt caching?
o3-mini supports prompt caching at $0.55/M for cached input, while Qwen3 32B (Groq) does not offer prompt caching. For RAG applications or chatbots with large, repeated context, o3-mini's caching capability can substantially reduce effective costs.
What are the best use cases for o3-mini vs Qwen3 32B (Groq)?
Both models are well-suited for Code generation. o3-mini is particularly strong for Data extraction. Qwen3 32B (Groq) is favored for General chatbot. At the same quality level, the lower-cost model is usually preferable; use this page's calculator to compare total monthly spend at your volume.
What is the cost per request for o3-mini vs Qwen3 32B (Groq)?
At 1,000 input tokens and 500 output tokens per request — a typical conversational workload — o3-mini costs $0.003300 per request and Qwen3 32B (Groq) costs $0.000585 per request. At 100,000 requests/month, that translates to $330.00 and $58.50 respectively. Use the interactive calculator to adjust these parameters for your actual workload.
o3-mini vs Qwen3 32B (Groq): Summary
When comparing o3-mini and Qwen3 32B (Groq) for API cost, the right choice depends on your workload's token profile, required features, and tolerance for latency. Qwen3 32B (Groq) offers lower total cost at standard usage volumes (1,000 input + 500 output tokens per request at 100,000 requests/month) at $58.50/month, compared to $330.00/month for o3-mini.
Both models are priced in USD per million tokens, the standard unit across all major AI API providers. o3-mini charges $1.10/M for input tokens and $4.40/M for output tokens. Qwen3 32B (Groq) charges $0.29/M input and $0.59/M output. If your workload is output-heavy (more tokens generated than consumed as input), the model with the lower output price compounds cost savings significantly at scale.
Prompt caching is supported by o3-mini but not Qwen3 32B (Groq). For workloads with large, repeated system prompts or document context — such as RAG pipelines or multi-turn conversations with a fixed knowledge base — prompt caching can reduce effective input costs by 60–90%, which may change the cost ranking between these two models at your specific usage pattern.
Context window capacity differs between the two: o3-mini supports up to 200,000 tokens in a single request, versus 131,072 tokens for Qwen3 32B (Groq). A larger context window is essential for document summarization, large codebase analysis, and multi-document retrieval-augmented generation (RAG) applications.
Use the interactive calculator at the top of this page to enter your actual token usage and monthly request volume for a precise cost comparison tailored to your workload. Adjust for batch API discounts and prompt caching to find the most cost-effective option for your specific deployment.
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Relevant Use Cases
See cost recommendations for workloads where o3-mini or Qwen3 32B (Groq) is recommended.