OpenAI o3 vs Phi-3 Mini

Performance benchmarks + pricing comparison — updated April 2026

OpenAI o3

OpenAI

Next generation reasoning model. Improved coding and math over o1.

Input$10.00/M
Output$40.00/M
Context200K tokens
Best ForAdvanced coding, complex problem-solving
Benchmark85/100

Phi-3 Mini

Microsoft

Microsoft's compact Phi-3 model. Small but capable model for edge and IoT deployment.

Input$0.050/M
Output$0.100/M
Context128K tokens
Best ForEdge AI, IoT devices, lightweight applications

Cost Comparison by Scenario

Estimated cost per project with 30% cache hit rate. Actual costs may vary based on usage patterns.

ScenarioOpenAI o3Phi-3 MiniSavings
Small Script (1K lines) $1.55 <$0.01 Phi-3 Mini saves $1.55 (100%)
Medium Feature (10K lines) $11.50 $0.04 Phi-3 Mini saves $11.46 (100%)
Large Project (50K lines) $57.50 $0.19 Phi-3 Mini saves $57.31 (100%)
Code Review (5K lines) $2.75 $0.01 Phi-3 Mini saves $2.74 (100%)

Verdict

Phi-3 Mini wins on both price and performance — $0.050/M input with a benchmark score of N/A/100.

For most developers, this is the clear choice between these two models.

Compare with Other Models