DeepSeek V4 Pro vs Mistral Large 3
Both are Flagship-tier models, from DeepSeek and Mistral AI respectively. Mistral Large 3 is the cheaper choice overall at a 4:1 input:output ratio.
Which is cheaper
- Input price: Mistral Large 3 is cheaper ($0.50 vs $1.32).
- Output price: Mistral Large 3 is cheaper ($1.50 vs $3.96).
- Blended, 4:1 input:output ratio: Mistral Large 3 is 62.1% cheaper ($0.70 vs $1.85 per weighted 1M tokens).
Side by side
| Spec | DeepSeek V4 Pro | Mistral Large 3 |
|---|---|---|
| Provider | DeepSeek | Mistral AI |
| Tier | Flagship | Flagship |
| Context window | 1M | 256K |
| Max output | 384K | — |
| Input $/1M | $1.32 | $0.50 |
| Output $/1M | $3.96 | $1.50 |
| Cache read $/1M | $0.044 | — |
| Modalities | text | text |
DeepSeek V4 Pro. Peak cache-miss rate, which is this dataset's standard tier. DeepSeek's own page states off-peak rates are half the peak rates, with peak hours 01:00-04:00 and 06:00-10:00 UTC Monday to Friday: off-peak is $0.66 input / $1.98 output, cache-hit input $0.022. The off-peak half-price is a time-of-day discount and is excluded here for the same reason batch and cached-input discounts are.
Sources
DeepSeek V4 Pro — verified August 30, 2026
Mistral Large 3 — verified August 29, 2026
Full DeepSeek V4 Pro pricing page → · Full Mistral Large 3 pricing page →