DeepSeek V3.2 vs Mistral Large 4
Pick up to 3 models · pricing, context and capabilities · simulate your product cost
Data updated on November 14, 2026· 230 models
DeepSeek-V3.2 is a large language model designed to harmonize high computational efficiency with strong reasoning and agentic tool-use performance.
- Reasoning estimated
- Speed estimated
- ▲
- Input
- Output
- Context
- 164 K tokens
- Max output
- 147 K
- Input, $ per 1M tokens
- ▲$0.260
- Output, $ per 1M tokens
- ▲$0.380
- Cache read, $ per 1M
- $0.130
- Batch (input / output)
- —
- Tool calling
- Yes
- Released
- 12/01/2025
- Knowledge cutoff
- 2024-07
- API id
- deepseek/deepseek-v3.2
Mistral Large 4 is a frontier multimodal (text and image input) model from Mistral AI built for reasoning, coding, and agentic workloads.
- Reasoning estimated
- ▲
- Speed estimated
- Input
- Output
- Context
- ▲1 M tokens
- Max output
- ▲262 K
- Input, $ per 1M tokens
- $0.700
- Output, $ per 1M tokens
- $2.10
- Cache read, $ per 1M
- $0.070
- Batch (input / output)
- —
- Tool calling
- Yes
- Released
- ▲10/06/2026
- Knowledge cutoff
- —
- API id
- mistralai/mistral-large-4-0
Which is the better API choice: DeepSeek V3.2 vs Mistral Large 4?
- DeepSeek V3.2: cheapest input (63% less than Mistral Large 4)
- DeepSeek V3.2: cheapest output
- Mistral Large 4: largest context (1 M)
- Mistral Large 4: the newest (10/06/2026)
- Mistral Large 4: most reasoning (estimated)
- DeepSeek V3.2: the fastest (estimated)
DeepSeek V3.2 costs 63% less on input and 82% less on output than Mistral Large 4 ($0.260 / $0.380 versus $0.700 / $2.10 per million tokens). Mistral Large 4 accepts more context (1 M). On capabilities, Mistral Large 4 accepts images.
What would your product cost?
Estimate the monthly cost with your app's real volume. List prices, no cache or batch discounts.
With DeepSeek V3.2 you save $13.48 a month versus Mistral Large 4 (71% less).
The 6 cheapest for this scenario (chat, last 12 months)
- 1Lyria 3 Pro Preview Google$0.00
- 2Lyria 3 Clip Preview Google$0.00
- 3Qwen3.7 Flash Qwen$0.97
- 4DeepSeek V4.1 Flash DeepSeek$1.57
- 5DeepSeek V4 Flash 0731 DeepSeek$1.85
- 6Ministral 3 3B 2512 Mistral$1.90
Paste your prompt: tokens and cost per model
Rough estimate (about 4 characters per token). Nothing is sent to any server.
Cost of sending it 1,000 times (input only)
- 1Claude Haiku 5.5 Anthropic$0.008
- 2DeepSeek V3.2 DeepSeek$0.020
- 3Mistral Large 4 Mistral$0.053
- 4Claude Sonnet 5.5 Anthropic$0.152
- 5Claude Opus 5.5 Anthropic$0.304
- 6Claude Opus 5 Anthropic$0.380
- 7Claude Fable 5.2 Anthropic$0.608
- 8Claude Fable 5.1 Anthropic$0.760
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See allFrequently asked questions
Which is the better API choice: DeepSeek V3.2 vs Mistral Large 4?
DeepSeek V3.2 costs 63% less on input and 82% less on output than Mistral Large 4 ($0.260 / $0.380 versus $0.700 / $2.10 per million tokens). Mistral Large 4 accepts more context (1 M). On capabilities, Mistral Large 4 accepts images.
Which is cheaper: DeepSeek V3.2 and Mistral Large 4?
DeepSeek V3.2 is cheaper: $0.260 per million input tokens and $0.380 per million output tokens, versus $0.700 / $2.10 for Mistral Large 4.
Which has more context: DeepSeek V3.2 and Mistral Large 4?
Mistral Large 4 accepts 1 M tokens of context; DeepSeek V3.2 accepts 164 K.
Which is newer: DeepSeek V3.2 and Mistral Large 4?
Mistral Large 4 was released on 10/06/2026; DeepSeek V3.2 on 12/01/2025.
What would 10,000 requests a month cost with DeepSeek V3.2 and Mistral Large 4?
With 1,500 input and 400 output tokens per request: DeepSeek V3.2: $5.42; Mistral Large 4: $18.90 a month, at list price.
Where do the prices come from and how often are they updated?
From the public catalogs of OpenRouter, models.dev and LiteLLM, which publish each provider's list prices. They sync once a day and the last update date is shown above the comparison.
What does price per million tokens mean?
It is what the provider charges per million tokens you send (input) or the model generates (output). A token is roughly 4 characters. Output almost always costs more than input.
Sources: OpenRouter, models.dev and LiteLLM. Prices in USD per million tokens, list price, no volume discounts. Prompt tokens are an estimate; each provider's tokenizer may differ.