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Mistral Large 4 vs Mistral Medium 3.5

Mistral Large 4 is from Mistral, released October 6, 2026. Mistral Medium 3.5 is from Mistral AI, released April 29, 2026.

  • LMArena Elo1429 vs 1426. Mistral Large 4 is 0.2% ahead on LMArena Elo.
  • Input per 1M$1.36 vs $1.50. Mistral Large 4 costs 9.3% less per million input tokens.
  • Output per 1M$4.18 vs $7.50. Mistral Large 4 costs 44% less per million output tokens.
  • Context window1M vs 256k. Mistral Large 4 takes 291% more context in one request.

Prices are the vendors’ published API rates; Elo is LMArena’s text board. Each figure is dated on its model page.

Interactive Comparison

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$1.36 / $4.18 per million tokens
$1.50 / $7.50 per million tokens
Identity
DeveloperMistralMistral AI
ReleasedOct 2026Apr 2026
StatusPreviewGA
Licence—Open weights (Modified MIT)
Self-hostable—Yes (open weights)
Cost
Blended $/1M tokensinput × 0.75 + output × 0.25$2.065 / 1M tokens$3.000 / 1M tokens
Input price$1.360 / 1M tokens$1.500 / 1M tokens
Output price$4.180 / 1M tokens$7.500 / 1M tokens
Cached input$0.14 per 1M tokensNot published
Batch discount—50% off (Batch API)
Free tier—Free tier via La Plateforme rate limits
Capacity
Context window1M tokens256k tokens
Max output—Not published
Long-context surcharge—Not published
Capability
Vision inYesYes
Audio in—No
Function calling—Yes
Structured output—Yes
Extended reasoning—Yes (configurable reasoning effort)
Web search—No
Code execution—No
Access
APIYesYes
Chat app—Yes
Cloud marketplaces—Not published
Fine-tuning—Not published
Measured quality
LMArena Elo1429 (checked Oct 2026)1426 (checked Oct 2026)
LMArena rankRank 115Rank 117
Elo per dollarLMArena Elo ÷ blended $/1M tokens692475

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