You can use
appstats to find out and calculate costs for any of your GAE handlers/functions. A quick test reveals that creating a channel costs 10,000 micro-pennies (1 dollar equals 100 pennies, 1 penny equals 1 million micropennies), which is considered expensive since, if compared, 1 datastore read by key costs only 100 micropennies, so 1 cent USD would let you create 100 channels.
Also, I am not sure what is the 90,040 (or 95,040 in my case) limit is about since considering that there are 1,440 minutes per day and according to the like you provided where it says that GAE allows 60 channels created per minute, that calculates to 86,400 MAX channels that can be created, no matter what the budget is (which is not that much if you think about it). It would be great if anyone could clarify this or point to any errors in my calculations.
Thanks,
Mihail.