Price Per TokenPrice Per Token
Deepseek
Deepseek
vs
Mistral AI
Mistral AI

DeepSeek V3.2 vs Mistral Medium 3.1

A detailed comparison of pricing, benchmarks, and capabilities

108 out of our 483 tracked models have had a price change in March.

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Key Takeaways

DeepSeek V3.2 wins:

  • Cheaper input tokens
  • Cheaper output tokens
  • Larger context window
  • Higher intelligence benchmark
  • Better at coding
  • Better at math
  • Has reasoning mode

Mistral Medium 3.1 wins:

  • Faster response time
  • Supports vision
Price Advantage
DeepSeek V3.2
Benchmark Advantage
DeepSeek V3.2
Context Window
DeepSeek V3.2
Speed
Mistral Medium 3.1

Pricing Comparison

Price Comparison

MetricDeepSeek V3.2Mistral Medium 3.1Winner
Input (per 1M tokens)$0.26$0.40 DeepSeek V3.2
Output (per 1M tokens)$0.38$2.00 DeepSeek V3.2
Cache Read (per 1M)$0.03N/A DeepSeek V3.2
Using a 3:1 input/output ratio, DeepSeek V3.2 is 64% cheaper overall.

DeepSeek V3.2 Providers

No provider data available

Mistral Medium 3.1 Providers

No provider data available

Benchmark Comparison

6
Benchmarks Compared
6
DeepSeek V3.2 Wins
0
Mistral Medium 3.1 Wins

Benchmark Scores

BenchmarkDeepSeek V3.2Mistral Medium 3.1Winner
Intelligence Index
Overall intelligence score
32.121.3
Coding Index
Code generation & understanding
34.618.3
Math Index
Mathematical reasoning
59.038.3
MMLU Pro
Academic knowledge
83.768.3
GPQA
Graduate-level science
75.158.8
LiveCodeBench
Competitive programming
59.340.6
DeepSeek V3.2 significantly outperforms in coding benchmarks.

Cost vs Quality

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DeepSeek V3.2
Other models

Context & Performance

Context Window

DeepSeek V3.2
163,840
tokens
Mistral Medium 3.1
131,072
tokens
DeepSeek V3.2 has a 20% larger context window.

Speed Performance

MetricDeepSeek V3.2Mistral Medium 3.1Winner
Tokens/second24.4 tok/s78.1 tok/s
Time to First Token1.43s0.42s
Mistral Medium 3.1 responds 220% faster on average.

Capabilities

Feature Comparison

FeatureDeepSeek V3.2Mistral Medium 3.1
Vision (Image Input)
Tool/Function Calls
Reasoning Mode
Audio Input
Audio Output
PDF Input
Prompt Caching
Web Search

License & Release

PropertyDeepSeek V3.2Mistral Medium 3.1
LicenseOpen SourceProprietary
AuthorDeepseekMistral AI
ReleasedDec 2025Aug 2025

DeepSeek V3.2 Modalities

Input
text
Output
text

Mistral Medium 3.1 Modalities

Input
textimage
Output
text

Related Comparisons

Compare DeepSeek V3.2 with:

Compare Mistral Medium 3.1 with:

Frequently Asked Questions

DeepSeek V3.2 has cheaper input pricing at $0.26/M tokens. DeepSeek V3.2 has cheaper output pricing at $0.38/M tokens.
DeepSeek V3.2 scores higher on coding benchmarks with a score of 34.6, compared to Mistral Medium 3.1's score of 18.3.
DeepSeek V3.2 has a 163,840 token context window, while Mistral Medium 3.1 has a 131,072 token context window.
DeepSeek V3.2 does not support vision. Mistral Medium 3.1 supports vision.