On the cheapest model from each, Mistral wins on raw output price: Mistral Small 4 at $0.3 per 1M output tokens versus $4.5. But "cheaper per token" rarely means "cheaper for your app". The model that needs fewer retries, shorter prompts, or less reasoning can cost less in practice even at a higher sticker rate.
Last verified June 14, 2026| Model | In / 1M | Out / 1M |
|---|---|---|
| Mistral Medium 3.5 | $1.5 | $7.5 |
| Mistral Large 3 | $0.5 | $1.5 |
| Mistral Small 4 | $0.1 | $0.3 |
| Magistral Medium | $2 | $5 |
| Codestral | $0.3 | $0.9 |
Per-token rates can't answer that. The winner depends on how your code uses each model. PrePrice scans your project and computes the real per-user cost either way, plus what to charge so you clear margin.
Find your real cost — free