One signal

Update

What changed

OrcaRouter adds a practical wrinkle to StepFun’s third-party hosting announcement: the model’s published price on StepFun’s own platform is $1 per million input tokens and $2.70 per million output tokens. It says cached input is priced at $0.10 per million tokens, a discount that could matter for agent sessions that repeatedly send the same prompt.

Those are StepFun-platform prices, not a rate card for other hosts. OrcaRouter says the announcement does not establish what third-party providers will charge, whether they will serve the full one-million-token context window, or whether they will offer comparable prompt caching.

Its advice to developers is to check which model checkpoint a host serves, the context limit it actually provides and how it bills repeated prompt content.

Sources and evidence

• Step 5 Preview ora è servito altrove, non da StepFun – OrcaRouter: OrcaRouter says StepFun’s own platform lists Step 5 Preview at $1 per million input tokens and $2.70 per million output tokens, with cached input at $0.10; the announcement does not specify third-party hosts’ prices, context limits or caching terms.

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