GLM 4.7 Flash is 0.07/1m tokens in, 0.40/1m tokens out on AWS Bedrock us-east-1. That's less than 1/10 the price of Haiku 4.5
Bedrock isn't the cheapest either although I'm fairly sure they aren't being VC subsidized
There are definitely cheap tokens out there. The big gotcha is "for tasks that can tolerate slightly less quality"