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Data 2026-11-01 05:35 · USD/CNY 6.67

← Sinan Lab › Monthly report › 2026-11

Sinan Lab · Monthly · 2026-11-01 to 2026-11-01 (rolling update)

China Model API Relay Market Monthly · 2026 年 11 月

One issue per month. Figures come from daily automated measurement of 2132 confirmed relay sites; judgments and analysis are written by Sinan Lab, based only on these measurements, and are not a recommendation of any channel.

Not a cent from those we measureNo paid listing, paid verification or paid fast-trackRankings are not for saleEvery board is sorted by the measured value; no commercial variableNo referral parametersOutbound links only count clicks; no commissions

confirmed relay sites

2132

Subscription (Sub2API family) 823 · Pay-as-you-go (one-api family) 1016

Foreign closed models · relay median ratio

12%

12 models; Chinese-model median 63% (15 models)

Index level

81.1 → 81.1

Discount ratio snapshot 31% → 31% (affected by sample composition)

Mainstream model price changes

40 changes

Up 6 · Down 34; domestic down 2 up 0

Our reading of the month

本期分析撰写中。

一、规模与结构

Panel family	Sites	Open reg.	Close	Unknown	With public quotes	Median ratio
one-api	918	702	103	113	541	15%
sub2api	823	667	89	67	0	—
multimodal-aggregator	236	77	20	139	0	—
one-api/new-api	95	67	10	18	55	27%
openai-compatible	43	23	2	18	0	—
openai-compatible?	7	4	0	3	0	—

Panel family is determined by public API fingerprint; Sub2API-family plan prices sit behind login, so there is no public quote this issue.

Login method	one-api family	Sub2API family
Email	641	807
GitHub	240	122
LINUX DO	134	46
Google	0	96
OIDC	38	0
Discord	26	0
Telegram	17	0
WeChat	11	0

TLD	Sites
.com	643
.ai	226
.top	184
.cc	158
.xyz	108
.cn	106
.net	69
.vip	43

Source	Sites this period
Directory: batch	2

二、价格

Model	Vendor	Tier	Official $/M	Relay median $/M	Ratio	Sites
Grok 4.7	xai	Mid	6.00	0.225	4%	246
GPT-6.1 Sol	openai	Mid	10.00	0.600	6%	430
GPT-6.1 Terra	openai	Mid	5.00	0.300	6%	219
GPT-6 Astra	openai	Flagship	50.00	3.00	6%	476
GPT-6 Sol	openai	Mid	10.00	0.600	6%	430
Claude Opus 5.5	anthropic	Flagship	20.00	2.25	11%	384
Claude Sonnet 5.5	anthropic	Mid	10.00	1.33	13%	324
Gemini 3.8 Flash	google	Mid	4.12	0.562	14%	252
Gemini 4 Argon	google	Mid	10.00	1.50	15%	199
Claude Fable 5.1	anthropic	Flagship	50.00	8.32	17%	330
Claude Haiku 5.5	anthropic	Fast	0.500	0.110	22%	209
GPT-6 Luna	openai	Fast	0.500	0.135	27%	227
MiniMax M3.1 Flash	minimax	Fast	0.300	0.090	30%	63
GLM-5.2	zhipu	Mid	7.00	2.14	31%	246
Qwen 3.8 Flash	alibaba	Fast	0.470	0.182	39%	121
GLM-5.3 Flashx	zhipu	Fast	1.25	0.525	42%	64
Qwen 3.8 Max	alibaba	Mid	6.00	2.97	49%	184
Kimi K3	moonshot	Mid	15.00	7.50	50%	269
GLM-5.3	zhipu	Mid	3.60	2.10	58%	243
MiniMax M3	minimax	Fast	1.20	0.756	63%	167
DeepSeek V4.1 Flash	deepseek	Fast	0.500	0.360	72%	268
Qwen 3.7 Plus	alibaba	Fast	1.28	0.925	72%	115
Qwen 3.7 Max	alibaba	Mid	4.42	3.24	73%	142
DeepSeek V4 Pro	deepseek	Fast	1.90	1.42	75%	314
Qwen 3.7 Flash	alibaba	Fast	0.130	0.105	81%	24
GLM-5.3 Flash	zhipu	Fast	0.132	0.210	159%	223
DeepSeek V4 Flash	deepseek	Fast	0.182	0.360	198%	266

Discount ratio = relay market median effective price ÷ official reference price; domestic / overseas by the vendor's country of registration.

Tier	Quotes	Below cost floor	Below bulk discount	Within range	Near public	Above public	Far above
Flagship	1183	64%	20%	4%	7%	3%	2%
Mid	3108	53%	17%	10%	9%	6%	4%
Fast	1968	20%	22%	13%	14%	18%	14%

Band definitions are in section 3 of the definitions page: <15% below cost floor · 15–40% below common bulk discount · 40–80% within range · 80–125% near public price · 125–200% above · >200% well above.

Top-up rate (CNY per $1 nominal)	Sites	Share
1	371	62%
7.3	111	19%
7	19	3%
6.8	15	3%
0.1	9	2%
0.2	5	1%
0.25	5	1%
0.5	4	1%

Each site's most common top-up rate; 594 sites with public quotes. 1.0 = ¥1 buys $1 of quota (effective price about 15% of official); 6.8–7.3 ≈ real exchange rate 1:1.

Largest moves in market median this period

Model	Start → end $/M	Change	Sites · % of official

3. Reachability and probes

Eligible sites	7-day 100%	99%–99.9%	Below 99%	Our outage rounds excluded
499	145	154	200	—

Lowest reachability	7-day reach	Probes	Handshake p50
comput.chat	45.2%	168	1518ms
kg-api.cloud	50.9%	167	3301ms
mxdapi.com	55.5%	146	3038ms
feiyuanapi.com	61.9%	168	1886ms
waterapi.vip	73.0%	148	2124ms

Probe	Site×model pairs	Consistent	Differs	Capability pairs	Below median
This period	47	0	0	13	0

Audit · hold reason	Count
Leader gap	6
Lone outliers	9
Unit hints	152
unit_suspect	295
Released this period	0

4. Image and video

Video family	Sites	Comparable quotes	Official ref $/s	Family median $/s	Median ÷ ref	Below discount / above public
Wan (Alibaba)	40	187	$0.045	$0.105	233%	48 / 81
Seedance (ByteDance)	72	173	$0.100	$0.123	123%	26 / 74
Kling (Kuaishou)	29	145	$0.084	$0.113	134%	16 / 75
Veo（Google）	58	139	$0.100	$0.075	75%	93 / 10
Hailuo / H3（MiniMax）	63	101	$0.080	$0.066	82%	22 / 29
Vidu (Shengshu)	29	83	$0.042	$0.070	167%	1 / 46
Grok Imagine Video (xAI)	83	82	$0.050	$0.019	39%	53 / 10

Image family	Sites	Comparable quotes	Official ref $/image	Family median $/image	Median ÷ ref	Below discount / above public
Nano Banana / Gemini Image（Google）	173	563	$0.067	$0.023	34%	355 / 47
Seedream (ByteDance)	61	217	$0.033	$0.025	76%	85 / 37
Grok Imagine Image (xAI)	108	190	$0.020	$0.013	64%	97 / 40
Qwen-Image (Alibaba)	45	141	$0.027	$0.029	109%	40 / 55
Wan Image (Alibaba)	32	37	$0.075	$0.016	21%	19 / 9
Kling Image (Kuaishou)	4	5	$0.028	$0.0058	21%	3 / 2
FLUX（BFL）	42	4	$0.100	$0.022	22%	0 / 0

The reference price uses the lowest official tier (resolution / duration); relay quotes are converted to the same tier; families without a public official price get no ratio.

5. Compute cost layer

GPU	Vast.ai on-demand median $/h	RunPod secure $/h
RTX 4090	0.44	0.89
RTX 4090 D	—	—
RTX 5090	0.59	1.19
RTX 5090 D	—	—
RTX A6000	0.46	0.59
RTX PRO 6000	—	—
L40S	0.80	1.09
V100 32GB	—	—

Open model	Official $/M	Relay median $/M	Ratio	Whether the official price is below the H100 single-card cost line (about $0.222/M)
Qwen 3.7 Flash	0.130	0.105	81%	Yes
GLM-5.3 Flash	0.132	0.210	159%	Yes
DeepSeek V4 Flash	0.182	0.360	198%	Yes
MiniMax M3.1 Flash	0.300	0.090	30%	No
Qwen 3.8 Flash	0.470	0.182	39%	No
DeepSeek V4.1 Flash	0.500	0.360	72%	No
MiniMax M3	1.20	0.756	63%	No
GLM-5.3 Flashx	1.25	0.525	42%	No
Qwen 3.7 Plus	1.28	0.925	72%	No
DeepSeek V4 Pro	1.90	1.42	75%	No
GLM-5.3	3.60	2.10	58%	No
Qwen 3.7 Max	4.42	3.24	73%	No
Qwen 3.8 Max	6.00	2.97	49%	No
GLM-5.2	7.00	2.14	31%	No
Kimi K3	15.00	7.50	50%	No

The cost line is a rough estimate under the assumptions in section 13 of the methodology doc (H100 $2.40/h, 3000 tokens/s), for order of magnitude only.

Definitions and corrections

All metric definitions are in Definitions; raw data:2026-11.json、price-index.json、data_v2.json. Figures are recalculated daily during the month, finalized at month end and marked "final"; the analysis text is updated together with the final version.

Cite this page

Data may be freely cited and republished with attribution and a link. We take no money from measured channels, sell no rankings and add no referral parameters, so you can cite us as an independent third-party measurement.

司南实验室，《中国模型 API 中转市场月报 · 2026 年 11 月》，2026-11-01，https://compute.sinanlab.com/report/2026-11（访问日期 ____）

Sinan Lab, "中国模型 API 中转市场月报 · 2026 年 11 月", 2026-11-01, https://compute.sinanlab.com/report/2026-11 (accessed ____)

Media, research institutions and financial institutions needing raw data or custom definitions: write to hello@sinanlab.com, see Press & researchers。

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