Mistral Small 3.2 API Pricing
Mistral Small 3.2 was retired by Mistral on July 31, 2026 - the mistral-small-2506 model id no longer answers. Mistral names Mistral Small 4 as the replacement. Its last listed rates were $0.10/M input and $0.30/M output, kept here for invoice checks and migration math. Checked against Mistral's deprecated and retired models table.
Run the numbers.
Live calculator pre-loaded with Mistral Small 3.2 rates. Tweak spend, output mix, or cache assumptions to compare it with sibling models.
Real-world presets.
Invoice extraction
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Knowledge base answer
Image QA review
Counts use a chars-per-token calibration measured on the vendor's own published tokenizer (mistralai/Mistral-Nemo-Instruct-2407, 2026-06-10). English prose is typically within a few percent; code and non-Latin scripts tokenize heavier. For billing-exact counts use the vendor's count-tokens API.
| Model | Input /M | Output /M | Effective blended | Context | Best for |
|---|---|---|---|---|---|
| Mistral Small 3.2 Current | $0.10 | $0.30 | $0.116 agentic 92/8 | documented elsewhere | Low-cost multimodal chat |
| Mistral Large 3 | $0.50 cache $0.05 | $1.50 | $0.241 +2.1× | documented elsewhere — not on pricing page | Mistral production workloads |
| Mistral Small 4 | $0.15 cache $0.015 | $0.60 | $0.0842 −27% | 256K | Low-cost multimodal chat |
| Magistral Medium | $2.00 | $5.00 | $2.24 retired | documented elsewhere — not on pricing page | Transparent reasoning |
| Magistral Small | $0.50 | $1.50 | $0.58 retired | documented elsewhere | Transparent reasoning |
| Ministral 3 14B | $0.20 cache $0.02 | $0.20 | $0.0642 −45% | 128K | Mistral production workloads |
| Ministral 3 3B | $0.10 cache $0.01 | $0.10 | $0.0321 −3.6× | 128K | Mistral production workloads |
| DeepSeek V4.1 Flash | $0.30 cache $0.006 | $1.20 | $0.15 +29% | 1M | Budget coding and bulk reasoning |
Frequently asked.
Practical pricing questions, separated from calculator assumptions.
Q · 01 Can I still call Mistral Small 3.2? +
mistral-small-2506 on July 31, 2026, and requests to it now fail. Mistral names Mistral Small 4 as the replacement. The rates on this page are the last ones Mistral listed, kept for reading old invoices and for estimating a migration.Q · 02 What is Mistral Small 3.2 priced at? +
$0.1/M input and $0.3/M output. The page stores USD per-million-token baseline pricing from mistral.ai.Q · 03 Does this page include higher context pricing tiers? +
Q · 04 Is prompt caching priced separately? +
$0.1/M.Q · 05 How is the effective price calculated? +
$0.12/M with only documented cache discounts included.