Head-to-Head Model Comparison

Mistral Small 3.2 vs Mistral Medium 3

Benchmarks, API Token Pricing, Context Window & Speed Comparison

GetInfoUs 연구팀 검토 완료최종 검토일: October 2026편집 정책
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AI CompareAI BenchmarkToken PricingModel CostModel SpecsSWE-bench CodingModel VersusWhich AI ModelLLM Speed & LatencyReasoning ModelsExtended ThinkingPrompt Caching ROI
Mistral Small 3.2 vs Mistral Medium 3: Benchmarks, Pricing & Speed Comparison

Mistral Small 3.2 by Mistral AI and Mistral Medium 3 by Mistral AI represent two of the frontier AI models analyzed in our comprehensive 2026 AI benchmark and LLM comparison. In this head-to-head evaluation, we examine API token pricing, context window specifications, inference speed (tokens per second), and empirical reasoning performance. From a pure economic perspective, Mistral Small 3.2 holds a notable pricing advantage for token ingestion. On output generation, Mistral Small 3.2 is more economical per million generated tokens. In data-heavy architectures requiring extensive repository or document analysis, Mistral Medium 3 provides an expanded memory horizon with 131K tokens. In latency-sensitive production environments, Mistral Small 3.2 leads in tokens-per-second throughput, making it ideal for real-time conversational agents and high-concurrency workflows. Below is the complete empirical head-to-head breakdown across cost, speed, context, and capability matrices.

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Mistral AI

Mistral Small 3.2

오픈 웨이트 모델

Mistral AI의 Mistral Small 3.2 모델은 128K 토큰 컨텍스트 윈도우와 입력 $0.1/1M 토큰, 출력 $0.3/1M 토큰의 합리적인 API 요금을 제공하며 코딩, 추론 및 엔터프라이즈 자동화에 최적화되어 있습니다.

Intelligence Index43 / 100
Input Token:

$0.10 / 1M

Output Token:

$0.30 / 1M

Context Window:

128K tokens

SWE-bench Verified:

34%

Mistral AI

Mistral Medium 3

오픈 웨이트 모델

Mistral AI의 Mistral Medium 3 모델은 131K 토큰 컨텍스트 윈도우와 입력 $0.4/1M 토큰, 출력 $2/1M 토큰의 합리적인 API 요금을 제공하며 코딩, 추론 및 엔터프라이즈 자동화에 최적화되어 있습니다.

Intelligence Index47 / 100
Input Token:

$0.40 / 1M

Output Token:

$2.00 / 1M

Context Window:

131.1K tokens

SWE-bench Verified:

40.5%

한눈에 보는 핵심 차이점

  • Mistral Small 3.2 is 5.2x cheaper for API usage (input + output tokens combined).
  • Mistral Medium 3 has a larger context window (131K vs 128K tokens).
  • Mistral Small 3.2 is faster at 100 tok/s vs 85 tok/s.
  • Mistral Medium 3 leads on SWE-bench coding (40.5% vs 34.0%).
Need definitions for token pricing, context, or benchmarks?Explore AI Glossary →
FeatureMistral Small 3.2Mistral Medium 3
Intelligence Index
Composite reasoning & knowledge score (0-100)
4347
Provider
Mistral AIMistral AI
Input Price
Cost per million input tokens
$0.10 / 1M$0.40 / 1M
Output Price
Cost per million output tokens
$0.30 / 1M$2.00 / 1M
Blended Price
Weighted 7:2:1 cache:input:output per 1M
$0.09 / 1M$0.35 / 1M
Context Window
Maximum input + output tokens
128K tokens~192 A4 pages of text131.1K tokens~197 A4 pages of text
Max Output Tokens
Per single request
8K16K
Throughput Speed
Tokens generated per second
100 tok/s85 tok/s
SWE-bench Verified
Real-world software engineering
34%40.5%
GPQA Diamond
Graduate-level reasoning
48.5%57.5%
Cached Input Price
Prompt caching discount per 1M tokens
$0.05 / 1M$0.10 / 1M

부문별 우위 모델

At-a-glance decision framework
Coding
Mistral Medium 3
+6.5% SWE-bench lead
Cost
Mistral Small 3.2
5.2x cheaper monthly runtime
Speed
Mistral Small 3.2
+18% faster generation
Context
Mistral Medium 3
131.1K tokens window

검증된 벤치마크 점수 비교

Official evaluation metrics verified by independent third-party research labs.

Mistral Small 3.2Mistral Medium 3
SWE-bench Verified (Autonomous Coding)

Industry benchmark evaluating real-world GitHub issue resolution and multi-file debugging.

34%vs40.5%
GPQA Diamond (Doctorate-Level Science & Math)

Challenging questions created by domain experts to test complex PhD-level reasoning.

48.5%vs57.5%
MMLU-Pro (Multi-task Language Understanding)

Hardened reasoning and academic knowledge benchmark with reduced lucky-guess probability.

72.5%vs79.5%
LMSYS Chatbot Arena Elo

Crowdsourced human preference evaluation based on blind, head-to-head model battles.

1255ptsvs1310pts
Terminal-Bench (Agentic Coding & Terminal Use)

Autonomous multi-step tasks executed inside a real command-line terminal environment.

29%vs36%
AIME (Advanced Math Competition)

American Invitational Mathematics Examination — multi-step Olympiad-level reasoning.

55%vs68%
Long-Context Reasoning

Accuracy when reasoning over very large inputs that fill the model context window.

68%vs77%
Generation Speed (Throughput)

Tokens emitted per second during active generation streaming.

100 tok/s vs85 tok/s

지연 시간(Latency) 및 응답 속도

Time to first token (TTFT) and estimated end-to-end response time for a typical 500-token response.

Time to First Token (TTFT)Lower is better
Mistral Small 3.20.40s
Mistral Medium 30.48s
Est. End-to-End Response (500 tokens)TTFT + generation time
Mistral Small 3.25.40s
Mistral Medium 36.36s

실시간 API 토큰 비용 시뮬레이터

Adjust sliders to calculate projected monthly cloud API spending with prompt caching discounts.

100K / day
10K500K1M
30K / day
5K150K300K
50% cached
0% (Cold)50%90% (Warm)
Mistral Small 3.2 Monthly API Bill
$0.50 / month
$0.1/1M in · $0.3/1M out
Mistral Medium 3 Monthly API Bill
$2.55 / month
$0.4/1M in · $2/1M out
Mistral Small 3.2 saves approximately $2.06 / month (81%) under this workload.5.2x Savings

Mistral Small 3.2 · Strengths & Key Advantages

  • Mistral AI의 첨단 Compact Vision-Language Transformer 아키텍처와 최대 128K 토큰 컨텍스트 지원
  • 경쟁력 있는 API 가격(입력 $0.1/1M, 출력 $0.3/1M)과 빠른 응답 속도
  • 코드 생성, 복잡한 논리 추론 및 다국어 벤치마크에서 검증된 성능 발휘
Considerations & Trade-offs
  • 대규모 장문 컨텍스트 처리 시 토큰 비용 및 호출 한도 관리가 필요함
  • 특수 도메인 작업에서는 정교한 프롬프트 엔지니어링과 RAG 연동이 권장됨

Mistral Medium 3 · Strengths & Key Advantages

  • Mistral AI의 첨단 Enterprise Multimodal Transformer 아키텍처와 최대 131K 토큰 컨텍스트 지원
  • 경쟁력 있는 API 가격(입력 $0.4/1M, 출력 $2/1M)과 빠른 응답 속도
  • 코드 생성, 복잡한 논리 추론 및 다국어 벤치마크에서 검증된 성능 발휘
Considerations & Trade-offs
  • 대규모 장문 컨텍스트 처리 시 토큰 비용 및 호출 한도 관리가 필요함
  • 특수 도메인 작업에서는 정교한 프롬프트 엔지니어링과 RAG 연동이 권장됨

Token Use & Task Economics

Estimated cost and token consumption to complete one representative agentic task.

MetricMistral Small 3.2Mistral Medium 3
Cost per Task
Estimated USD to finish one task
$0.09$0.35
Output Tokens / Task
Tokens generated per task
25K35K
Reasoning Tokens / Task
Thinking tokens burned per task
0K0K

기술 사양 (Specifications)

Architecture, release timeline, capabilities, and modalities.

FeatureMistral Small 3.2Mistral Medium 3
Official API Model ID (SDK)mistral-small-3-2-latestmistral-medium-3-latest
API ProtocolOpenAI-Compatible REST / vLLM / SGLang / HuggingFace TGIOpenAI-Compatible REST / vLLM / SGLang / HuggingFace TGI
Release Date2025-062025-05
Knowledge CutoffApril 2025March 2025
ArchitectureCompact Vision-Language TransformerEnterprise Multimodal Transformer
Parameters24BConfidential (~70B)
Enterprise Rate Limits (RPM / TPM)Unlimited (Hardware-bound on self-hosted GPU) / 10,000 RPM Cloud · Unlimited local throughput / 10M+ TPM Managed CloudUnlimited (Hardware-bound on self-hosted GPU) / 10,000 RPM Cloud · Unlimited local throughput / 10M+ TPM Managed Cloud
Long-Context Tier (>128K/200K)Flat rate ($0.1/1M in) across full 128K windowFlat rate ($0.4/1M in) across full 131K window
Prompt Cache Policy & TTLCached input at $0.05/1M tokensCached input at $0.1/1M tokens
Computer Use / GUI AgentAPI / CLI Tool-Use & DOM Agent ready (no raw pixel desktop click loop)API / CLI Tool-Use & DOM Agent ready (no raw pixel desktop click loop)
MCP & Parallel Tool CallingNative MCP Client/Server ready · Parallel function calling · 100% Strict JSON SchemaNative MCP Client/Server ready · Parallel function calling · 100% Strict JSON Schema
Web Search Grounding & SandboxSupported via external Tavily/Exa Search & E2B/Docker Sandbox toolsSupported via external Tavily/Exa Search & E2B/Docker Sandbox tools
Official Fine-Tuning SupportFull Weights SFT, LoRA, QLoRA, DPO & GRPO RL (Unsloth / Axolotl / Llama-Factory)Full Weights SFT, LoRA, QLoRA, DPO & GRPO RL (Unsloth / Axolotl / Llama-Factory)
Multimodal Token BillingText BPE (~4 chars/token) · Vision (~258–765 tokens per image tile)Text BPE (~4 chars/token) · Vision (~258–765 tokens per image tile)
Quantization & Min GPU VRAMBF16 / FP16, FP8 Dynamic, INT4 AWQ / GPTQ, GGUF (Q4_K_M / Q8_0) · 15 GB VRAM (4-bit Quantized) · 52 GB VRAM (Native BF16)BF16 / FP16, FP8 Dynamic, INT4 AWQ / GPTQ, GGUF (Q4_K_M / Q8_0) · 43 GB VRAM (4-bit Quantized) · 151 GB VRAM (Native BF16)
Safety & Frontier ClassificationOpen-Weights System Card + Customizable Guardrail Layer (Llama Guard / ShieldGemma)Open-Weights System Card + Customizable Guardrail Layer (Llama Guard / ShieldGemma)
Enterprise Compliance (ZDR/HIPAA/SOC2)100% Air-Gapped On-Premises / Private VPC · Full HIPAA, GDPR & SOC2 Control100% Air-Gapped On-Premises / Private VPC · Full HIPAA, GDPR & SOC2 Control
Input Modalitiestext, visiontext, vision
Output Modalitiestexttext

Mistral Small 3.2 vs Mistral Medium 3: 핵심 요약 문답 (FAQ)

Which is more intelligent, Mistral Small 3.2 or Mistral Medium 3?

Mistral Medium 3 is more intelligent. It scores 47 compared with 43 on the composite Intelligence Index.

Which model is faster?

Mistral Small 3.2 is faster, generating 100 tokens per second compared with 85 tokens per second.

Which model is cheaper to run?

Mistral Small 3.2 is cheaper at $0.09 per 1M tokens blended, compared with $0.35 (7:2:1 cache:input:output ratio).

Which model has lower latency?

Mistral Small 3.2 has lower latency, with a time to first token of 0.40s compared with 0.48s.

Which model has a larger context window?

Mistral Medium 3 has a larger context window, supporting 131.1K tokens compared with 128K tokens.

종합 평가

Verdict & Model Selection Recommendation: Choose Mistral Small 3.2 if your priority is High-volume multimodal triage, edge image-text extraction, and responsive chat assistants. Its performance in demanding tasks justifies its operational token cost. Choose Mistral Medium 3 if your workflow prioritizes Enterprise internal assistants, document workflow automation, and multimodal analytics. For large-scale batch processing or customer-facing conversational interfaces, its balance of speed and economics delivers superior ROI.

자주 묻는 질문 (FAQ)

How does Mistral Small 3.2 compare to Mistral Medium 3 in API token pricing and cost per token?+

Mistral Small 3.2 costs $0.10 per 1M input tokens and $0.30 per 1M output tokens, whereas Mistral Medium 3 costs $0.40 input and $2.00 output. Overall, Mistral Small 3.2 is the more cost-effective model for high-volume API pipelines. Both models support prompt caching discounts of up to 90% for repeated prompt prefixes.

Which model has a larger context window: Mistral Small 3.2 or Mistral Medium 3?+

Mistral Small 3.2 supports a context window of 128K tokens (~96k words), while Mistral Medium 3 supports 131K tokens (~98k words). Therefore, Mistral Medium 3 can process more textual data and document context in a single prompt.

Which AI model is better for software engineering and coding: Mistral Small 3.2 or Mistral Medium 3?+

Mistral Small 3.2 scores 34% on SWE-bench Verified while Mistral Medium 3 scores 40.5%. For autonomous software engineering and multi-file debugging, Mistral Medium 3 holds the verified benchmark lead.

What is the difference in reasoning capability and extended thinking between Mistral Small 3.2 and Mistral Medium 3?+

Mistral Small 3.2 is optimized for low-latency direct generation. In contrast, Mistral Medium 3 focuses on standard fast inference.

How does inference speed (tokens per second) compare between Mistral Small 3.2 and Mistral Medium 3?+

Mistral Small 3.2 generates approximately 100 tokens per second, while Mistral Medium 3 delivers 85 tokens per second. In latency-sensitive production environments, Mistral Small 3.2 provides faster time-to-first-token (TTFT) and higher streaming response velocity.

Can you implement a tiered LLM routing setup combining Mistral Small 3.2 and Mistral Medium 3 to optimize costs?+

Yes! High-efficiency architectures route high-frequency routine classification and conversational tasks to Mistral Small 3.2 to save operational costs, and dynamically escalate complex architectural queries or reasoning tasks to Mistral Medium 3. This tiered routing pattern cuts overall API bills by up to 70%.

AI Terminology & Guide
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Benchmark scores, token prices, and rate limits evolve rapidly as AI labs release model updates. Always verify current specifications and pricing on the official provider documentation.

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