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Mistral: Mistral Medium 3.5 vs Mistral: Mistral Small 4

Mistral: Mistral Small 4 is 11.7× cheaper for the sample workload; both have the same context window.

MetricMistral: Mistral Medium 3.5Mistral: Mistral Small 4
Model IDmistralai/mistral-medium-3-5mistralai/mistral-small-2603
Prompt price$1.50 / 1M tokens$0.15 / 1M tokens
Completion price$7.50 / 1M tokens$0.60 / 1M tokens
Context262,144 tokens262,144 tokens
Tool calling✓✓
Structured outputs✓✓
Reasoning✓✓
Response format✓✓
Web search––
Input modalitiestext, image, filetext, image
Output modalitiestexttext
Added2026-04-302026-03-16

Sample workload

Chat app: 1,000 prompt + 500 completion tokens × 100 requests per day.

CostMistral: Mistral Medium 3.5Mistral: Mistral Small 4
Per day$0.53$0.0450
Per 30 days$15.75$1.35

Difference: $0.48 per day and $14.40 per 30 days.

Data updated 2026-10-30