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06.25.2025: Cost Tracking 💰

Available in Phoenix 11.0+

Phoenix now allows you to track token-based costs for LLM runs automatically, calculating costs from token counts and model pricing data and rolling them up to trace and project levels for comprehensive analysis.

New Features:

  • Automatic calculation of token-based costs using Phoenix’s built-in model pricing table.

  • Support for custom pricing configurations in Settings > Models when needed.

  • Token counts and model information are captured automatically when using OpenInference auto-instrumentation with OpenAI, Anthropic, and other supported SDKs.

  • For manual instrumentation, token count attributes can be included in spans to enable cost tracking.

  • OpenTelemetry users can leverage OpenInference semantic conventions to include token counts in LLM spans.

More Information:

Cost Tracking | Phoenix
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