Model comparison
DeepSeek V3.2 vs Mistral Large 3
Compare DeepSeek V3.2 vs Mistral Large 3 API pricing: input/output token costs, cache pricing, context windows, workload estimates, and routing fit.
DeepSeek V3.2
deepseek · deepseek/deepseek-v3.2
- Input
- $0.28
- Output
- $0.4
- Context
- 163.8K
Mistral Large 3
mistral · mistral/mistral-large-3
- Input
- $0.5
- Output
- $1.5
- Context
- 262.1K
Quick take
DeepSeek V3.2 has the lower input price at $0.28 per 1M input tokens. DeepSeek V3.2 is cheaper for the example blended workload below. Mistral Large 3 has the larger context window at 262.1K tokens.
Choose DeepSeek V3.2 if...
- DeepSeek V3.2 is the better default for cost-sensitive traffic and repeated high-volume calls.
- DeepSeek V3.2 is stronger when the same large prompt or document is reused because it supports prompt caching.
Choose Mistral Large 3 if...
- Mistral Large 3 is safer for long documents, repository analysis, and RAG prompts because it has the larger context window.
- Mistral Large 3 gives more room for long generated answers, reports, or code output.
- Mistral Large 3 is required if images, screenshots, or visual documents are part of the workflow.
Example workload cost
Estimates use input tokens plus 20% output tokens. They exclude provider discounts, cache hits, and tool/search surcharges.
| Workload | DeepSeek V3.2 | Mistral Large 3 | Cheaper |
|---|---|---|---|
| 1M input + 200K output | $0.36 | $0.80 | DeepSeek V3.2 |
| 10M input + 2M output | $3.60 | $8.00 | DeepSeek V3.2 |
| 100M input + 20M output | $36.00 | $80.00 | DeepSeek V3.2 |
Context, output, and capability fit
Mistral Large 3 provides the larger context window. Check max output separately when the task needs long reports, code generation, or full-document rewrites.
- DeepSeek V3.2 max output
- 163.8K
- Mistral Large 3 max output
- 262.1K
- DeepSeek V3.2 features
- prompt caching, function calling
- Mistral Large 3 features
- function calling, vision
Risk notes for DeepSeek V3.2
- Smaller context window: long PDFs, codebases, or RAG prompts may need chunking.
Risk notes for Mistral Large 3
- No prompt caching in this snapshot: repeated long-context calls may be more expensive.
Routing tags
budgethigh-volumecodingreasoningopen-weightlocal-openfrontieragentsenterprise