The best bang-for-buck text model in its class — Mistral Large 2 quality at a fraction of the cost.
78
Coding
75
Writing
70
Research
0
Images
93
Value
80
Long Context
Use this when
Teams needing reliable, fast text generation and coding assistance at near-commodity pricing without sacrificing too much quality.
Strengths
Exceptional price-to-performance ratio at $0.15/$0.60 per million tokens — cheaper than GPT-4o mini for comparable quality
Outperforms its predecessor Mistral Large 2 on most benchmarks despite drastically lower cost
256K context window enables long document analysis and extended conversations without chunking
Strong multilingual capabilities, especially across European languages, reflecting Mistral's French roots
Weaknesses
Falls short of frontier models like Claude Sonnet 4.6 or GPT-4o on complex multi-step reasoning and nuanced instruction following
Monthly cost estimate
See what Mistral: Mistral Small 4 actually costs at your usage level
Input tokens / month1M
10k50M
Output tokens / month500k
10k25M
Input cost
$0.150
Output cost
$0.300
Total / month
$0.450
Based on Mistral: Mistral Small 4 API pricing: $0.15/1M input · $0.6/1M output. Real costs vary by provider discounts and caching. Check the provider for exact current rates.
Price History
Mistral: Mistral Small 4 pricing over time
→0% since May 9
4 data points · tracked daily since May 9, 2026
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Teams needing reliable, fast text generation and coding assistance at near-commodity pricing without sacrificing too much quality.. Start free — no card required.
Recommendations are made independently based on real-world use and public benchmarks. See our disclosures for details.
Compare alternatives
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Mistral: Mistral Large 3 2512
Mistral Large 3 2512 is Mistral's flagship dense model updated in December 2025, offering strong multilingual reasoning and coding capabilities at a significantly reduced price point compared to its predecessor. It targets enterprise workloads that need high-quality outputs without paying top-tier frontier model prices.
Verdict
The best price-per-quality ratio in the non-mini flagship tier, especially for multilingual and long-context enterprise tasks.
Quality score
69%
Pricing
$2.00/1M in
$6.00/1M out
Speed
Change history
Pricing moves, ranking shifts, and capability updates.
New ModelMar 27, 2026
Mistral: Mistral Small 4 — added to UseRightAI
Mistral: Mistral Small 4 (Mistral) is now indexed. It supersedes Mistral Large 2. The best bang-for-buck text model in its class — Mistral Large 2 quality at a fraction of the cost.
Mistral: Mistral Small 4 is best for teams needing reliable, fast text generation and coding assistance at near-commodity pricing without sacrificing too much quality.. It is a strong fit when that workflow matters more than the tradeoffs around budget pricing and fast speed.
When should I avoid Mistral: Mistral Small 4?
You need multimodal inputs, advanced mathematical reasoning, or the highest possible accuracy on complex agentic tasks where frontier models are necessary.
What is a cheaper alternative to Mistral: Mistral Small 4?
Meta: Llama 3.1 8B Instruct is the lower-cost option to compare first when you want a similar workflow fit with less token spend.
What is a faster alternative to Mistral: Mistral Small 4?
Mistral: Mistral Large 3 2512 is the better pick when response time matters more than maximum depth or premium quality.
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Skip this if
You need multimodal inputs, advanced mathematical reasoning, or the highest possible accuracy on complex agentic tasks where frontier models are necessary.
No native image or multimodal input support limits use cases compared to Gemini 3.1 Pro or GPT-4o
Less reliable on highly specialized domains like advanced mathematics or cutting-edge scientific reasoning
Balanced
Best for multilingual enterprise tasks, code generation, and long-document analysis where cost efficiency matters more than absolute state-of-the-art performance.
Context
262k tokens
Pricing of $0.50 input / $1.50 output per 1M tokens places it firmly in the budget-flagship category. Available via Mistral API (La Plateforme) and major cloud providers. December 2025 update ('2512') improves instruction following over the earlier 2407 release.
Multilingual enterprise tasks, code generation, and long-document analysis where cost efficiency matters more than absolute state-of-the-art performance.
Mistral Medium 3 is a mid-tier model from Mistral AI that punches above its weight class, officially superseding Mistral Large 2 while costing a fraction of the price. It targets teams needing capable multilingual and coding performance without flagship-level spend.
Verdict
The most capable budget model Mistral has shipped — a smart default for high-volume teams that need real performance without flagship pricing.
Quality score
67%
Pricing
$0.40/1M in
$2.00/1M out
Speed
Fast
Best for cost-conscious teams running high-volume coding, summarization, or multilingual tasks at enterprise scale.
Context
131k tokens
Priced at $0.40 input / $2.00 output per 1M tokens. Officially supersedes Mistral Large 2, making it an easy drop-in upgrade for existing Mistral users. Available via Mistral's API and La Plateforme.
BudgetMultilingualCodingHigh VolumeMid-Tier
Best for
Cost-conscious teams running high-volume coding, summarization, or multilingual tasks at enterprise scale.
Mistral Medium 3.1 is a multimodal mid-tier model from Mistral that supersedes Mistral Large 2, offering vision capabilities alongside strong text performance at a significantly reduced price point. It targets the sweet spot between budget models and expensive flagships, with a 128K context window and competitive multilingual support.
Verdict
The best Mistral model for budget-conscious builders who still need multimodal capability and solid multilingual output.
Quality score
70%
Pricing
$0.40/1M in
$2.00/1M out
Speed
Fast
Best for cost-sensitive teams needing solid coding, instruction-following, and basic vision tasks without paying flagship prices.
Context
131k tokens
Officially supersedes Mistral Large 2, representing a generational shift in Mistral's lineup toward multimodal capability at lower cost tiers. Available via Mistral API and select cloud providers. No function calling limitations noted at this tier.
BudgetMultimodalMultilingualMid-tierVision
Best for
Cost-sensitive teams needing solid coding, instruction-following, and basic vision tasks without paying flagship prices.
