Pony Alpha is cheaper than GPT-5.4 at $0/M vs $2.5/M input tokens.
| Spec | GPT-5.4 | Pony Alpha |
|---|---|---|
| Input price | $2.5/M tokens | Free |
| Output price | $15/M tokens | Free |
| Context window | 1.1M tokens | 200K tokens |
| Weights | Closed | — |
| Free API (OpenRouter) | No | No |
| Released | Mar 2026 | Feb 2026 |
Not enough votes to call it. On the specs, GPT-5.4 has the edge: bigger model tier, bigger context window, major provider backing.
No hosts listed on OpenRouter.
Per million tokens. Prices and uptime via OpenRouter, checked 9 Sep 2026.
Pony Alpha uses 12.5x more transitions