OpenAI's named replacement for gpt-3.5-turbo costs 5.5 times as much on a typical mix, and a cheaper tier costs about half
19 OctOpenAI's deprecations page maps gpt-3.5-turbo-0125 and ft-gpt-3.5-turbo to gpt-5.6-terra, and gpt-4.1-nano to gpt-5.6-luna, for removal on 23 October. The model pages list gpt-3.5-turbo at $0.50 input and $1.50 output per million tokens, Terra at $2 and $12, GPT-5.6 Luna at $0.20 and $1.20, and gpt-4.1-nano at $0.10 and $0.40. A separate 14 October notice names gpt-6-luna, at $0.10 and $0.50, as the replacement for GPT-4o, GPT-4o mini, GPT-4.1 and GPT-4.1 mini. On a month of 10 million input tokens and 2 million output tokens, gpt-3.5-turbo costs $8.00, Terra costs $44.00 (5.5 times as much), GPT-5.6 Luna costs $4.40 (0.55 times) and gpt-6-luna costs $2.00 (0.25 times).
Treat the named replacement as the default to test, not an instruction. For a high volume, low cost workload the price is most of the reason you chose the old model, so run your evals on Luna and on gpt-6-luna before you accept Terra, and decide on measured quality rather than on the mapping table. The same applies to gpt-4.1-nano: the named landing, GPT-5.6 Luna, is 2.4 times the price on that mix ($1.80 to $4.40), where gpt-6-luna is 1.1 times ($2.00). Two caveats keep the arithmetic honest. These are reasoning models, and OpenAI's reasoning guide says reasoning tokens are billed as output tokens, so measure output tokens per request on real traffic. And set reasoning.effort deliberately: the Terra and Luna pages list none, low, medium (the default), high, xhigh and max.