Inference Cost per Million Tokens

Hyperscaler cost ↓ Lower is better Source: InferenceX & SemiAnalysis Market July 2026 AI Cloud TCO Model

  • DeepSeek V4 Pro 1.6T

    8K/1K

    B200
    Dynamo SGLang · FP4
    MI355X
    cannot reach @150
    B300
    $0.694About the same cost as B200
    TRTLLM · FP4
    GB200 NVL72
    $1.13366% more expensive than B200
    Dynamo SGLang · FP4
    GB300 NVL72
    $0.52523% cheaper than B200
    Dynamo SGLang · FP4
    View details
  • DeepSeek V4 Pro 1.6T

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    SGLang · FP4
    MI355X
    $0.06825% more expensive than B200
    SGLang · FP4
    B300
    $0.08150% more expensive than B200
    vLLM · FP4
    GB200 NVL72
    $0.04321% cheaper than B200
    Dynamo SGLang · FP4
    GB300 NVL72
    no exact @150 result
    View details
  • Kimi K3 2.8T

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    cannot reach @150
    MI355X
    cannot reach @150
    B300
    cannot reach @150
    GB200 NVL72
    $0.527No B200 baseline to compare against
    Dynamo vLLM · FP4
    GB300 NVL72
    $0.091No B200 baseline to compare against
    Dynamo vLLM · FP4
    View details
  • Kimi K2.5/2.6/2.7-Code 1T

    8K/1K

    B200
    Dynamo TRTLLM · FP4STP
    MI355X
    cannot reach @150
    B300
    $1.44450% more expensive than B200
    vLLM · FP4STP
    GB200 NVL72
    $1.0418% more expensive than B200
    Dynamo TRTLLM · FP4STP
    GB300 NVL72
    $1.20925% more expensive than B200
    Dynamo TRTLLM · FP4STP
    View details
  • MiniMax M3 428B

    8K/1K

    B200
    vLLM · FP4
    MI355X
    $0.102About the same cost as B200
    ATOM¹ · FP4
    B300
    $0.12321% more expensive than B200
    vLLM · FP4
    GB200 NVL72
    $0.904791% more expensive than B200
    Dynamo vLLM · FP8STP
    GB300 NVL72
    $0.268164% more expensive than B200
    Dynamo vLLM · FP8
    View details
  • MiniMax M3 428B

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    TRTLLM · FP4
    MI355X
    $0.01022% cheaper than B200
    ATOM¹ · FP4
    B300
    $0.01519% more expensive than B200
    TRTLLM · FP4
    GB200 NVL72
    no exact @150 result
    GB300 NVL72
    $0.02593% more expensive than B200
    Dynamo vLLM · FP4
    View details
  • GLM5.2

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    SGLang · FP4
    MI355X
    no exact @150 result
    B300
    $0.0636% more expensive than B200
    SGLang · FP4
    GB200 NVL72
    $0.07119% more expensive than B200
    Dynamo SGLang · FP4
    GB300 NVL72
    $0.0648% more expensive than B200
    Dynamo SGLang · FP4
    View details
  • Qwen3.5 397B

    8K/1K

    B200
    SGLang · FP4
    MI355X
    $0.10738% more expensive than B200
    SGLang · FP4
    B300
    $0.075About the same cost as B200
    SGLang · FP4
    GB200 NVL72
    $0.239209% more expensive than B200
    Dynamo SGLang · FP8
    GB300 NVL72
    $0.05726% cheaper than B200
    Dynamo TRTLLM · FP4
    View details
  • Qwen3.5 397B

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    SGLang · FP4
    MI355X
    $0.01334% more expensive than B200
    SGLang · FP4
    B300
    $0.01559% more expensive than B200
    SGLang · FP4
    GB200 NVL72
    no exact @150 result
    GB300 NVL72
    no exact @150 result
    View details

— = no result. ∞ = B200 baseline unavailable.

If a chip does not have FP4 spec decoding available, the next best available configuration is used.