Mistral Large 3 2512 API pricing
Mistral · Budget price tier · Apache 2.0 · released 2025-12. Prices in USD per 1 million tokens. Data snapshot: 2026-11-12.
A support ticket workload of 100K requests a month costs $150.00 on Mistral Large 3 2512; the next cheaper model in the Budget price tier for this workload, Qwen2.5 Coder 32B Instruct, does it for $149.00. Mistral Large 3 2512 has held the same list price since 2026-08-15 and is the 149th cheapest of 160 models in the Budget price tier. Only one host, Mistral, sells it, so there is no second price to shop. It is rated a stable release but does not meet all four criteria of the FinOps Friendly badge.
- Input: $0.50 per 1M tokens
- Output: $1.50 per 1M tokens
- Batch API (in/out): Not published
- Prompt-cache read: $0.05 per 1M tokens
- Context window: 262K tokens
- Arena ELO: 1429 as of 2026-11-08
Market position
On blended price ($1.20 per 1M tokens at 30% input, 70% output) it is cheaper than 7% of models in the Budget price tier: 149th cheapest of 160. Across every price tier it is cheaper than 51% of priced text models in the catalogue: 149th cheapest of 303. Its Arena ELO of 1429 ranks 68th of the 160 models that carry one, above 58% of them. With an Arena score of 1429, Mistral Large 3 2512 clears OptimNow's Standard working quality threshold: Standard (Arena 1420+), used for meeting summary, invoice processing and call summary. Each threshold is a distance below the best ranked model, which scores 1530 on Arena scores as of 8 Nov 2026.
Licence, size and capabilities
Mistral Large 3 2512 is open source: its weights are published under Apache 2.0, an OSI-approved licence with no field-of-use limit, so it can be self-hosted as well as bought by the token. Its published size is 675B parameters. Listed capabilities: Text, Vision, Agents. Filling its 262K context window once costs $0.131 in input tokens at list price.
Pricing by host
A host is a company that runs the model and sells it by the token: the model maker, a cloud platform like Amazon Bedrock, Azure or Vertex, or an independent host. One model, several hosts, and often several prices. This model is sold by 1 host. The price we quote elsewhere on this page is marked. We quote one host's rate so that models stay comparable; it is not a recommendation to buy there.
Mistral is the only host with a published rate, $0.50 input / $1.50 output per 1M tokens, which is the price we quote.
| Host | Input $/1M | Output $/1M |
|---|---|---|
| Mistral (model maker, price we quote) | $0.50 | $1.50 |
List prices as published on 2026-11-12, via OpenRouter. Negotiated rates, committed-use discounts and provisioned capacity are not shown.
Monthly cost at 100K requests, by business use case
From the after-discounts figure (prompt caching on the cached input share, batch API for async workloads, only where Mistral publishes those rates), which assumes you implement both, to the list price. One figure means no discount is published.
| Use case | Tokens (in/out) | Monthly (after discounts – list) |
|---|---|---|
| Support Ticket | 1,500 / 500 | $110 – $150 |
| Knowledge Q&A | 2,000 / 800 | $157 – $220 |
| Meeting Summary | 10,000 / 1,200 | $635 – $680 |
| Marketing Content | 2,500 / 1,800 | $373 – $395 |
| Coding Task | 3,000 / 2,000 | $383 – $450 |
| Invoice Processing | 1,500 / 600 | $145 – $165 |
| Call Summary | 2,000 / 700 | $196 – $205 |
| Agent Workflow | 6,000 / 3,000 | $561 – $750 |
Price history
Mistral Large 3 2512 has been in our daily price archive since tracking began on 2026-08-15, when it listed at $0.50 input / $1.50 output per 1M tokens. No list price change since tracking began on 2026-08-15. Last checked against the 2026-11-12 snapshot.
Alternatives to Mistral Large 3 2512
4 of the 4 comparable models below cost less than Mistral Large 3 2512: DeepSeek V4 Flash 0423 undercuts it by 87%, and scores 3 Arena points higher.
- Next cheaper model in the Budget price tier: Aion 3.5 Mini (aion-labs) at $1.19 blended, 1% less.
- Next more expensive: GPT-4.1 Mini (OpenAI) at $1.24 blended, 3% more.
The nearest models in the Budget price tier on Arena ELO, each with its blended price and score difference against Mistral Large 3 2512.
- MiniMax M3 (MiniMax): $0.30 in / $1.20 out per 1M, Arena ELO 1428 (22% cheaper, 1 ELO point lower)
- GPT-5.6 Luna (OpenAI): $0.20 in / $1.20 out per 1M, Arena ELO 1431 (25% cheaper, 2 ELO points higher)
- DeepSeek V4 Flash 0423 (DeepSeek): $0.09 in / $0.18 out per 1M, Arena ELO 1432 (87% cheaper, 3 ELO points higher)
- Beam 1.0 501B A23B (reflection): $0.30 in / $1.00 out per 1M, Arena ELO 1425 (34% cheaper, 4 ELO points lower)
- Cheapest within 15 Arena points: Gemma 4 26B A4B (Google), 92% cheaper, 5 ELO points higher, out of 41 models in that band.
- Highest Arena ELO within 20% of this price: GLM 5.3 (Zhipu), 17% cheaper, 47 ELO points higher, out of 8 models in that price band.
Other models from Mistral
The 8 nearest to Mistral Large 3 2512 in price, of 19 other Mistral models in the catalogue. Prices per 1M tokens, input then output.
- Mistral Small 4: $0.15 / $0.60
- Saba: $0.20 / $0.60
- Mistral Small 3.1 24B: $0.351 / $0.555
- Codestral 2508: $0.30 / $0.90
- Devstral 2 2512: $0.40 / $2.00
- Mistral Medium 3: $0.40 / $2.00
- Mistral Medium 3.1: $0.40 / $2.00
- Mistral Large 4: $0.70 / $2.10
All 20 Mistral models and prices
Common questions about Mistral Large 3 2512 pricing
- How much does Mistral Large 3 2512 cost?
- Mistral Large 3 2512 costs $0.50 per 1M input tokens and $1.50 per 1M output tokens. That is the model maker's own rate (Mistral). Prices as listed on 2026-11-12.
- Which host is cheapest for Mistral Large 3 2512?
- Mistral is the only host with a published rate, $0.50 input / $1.50 output per 1M tokens, which is the price we quote. Host rates as listed on 2026-11-12.
- Does Mistral Large 3 2512 offer batch or cached pricing?
- Yes, for prompt caching only. Cache reads cost $0.05 per 1M tokens, as listed on 2026-11-12. No batch pricing is published.
- What would Mistral Large 3 2512 cost per month?
- With the Support Ticket profile (1,500 input and 500 output tokens per request), 100,000 requests a month cost about $150 on Mistral Large 3 2512 at the list price quoted on 2026-11-12.
- Can Mistral Large 3 2512 be self-hosted?
- Yes. Mistral Large 3 2512 is open source: its weights are published under Apache 2.0, an OSI-approved licence with no field-of-use limit, so it can be self-hosted as well as bought by the token.
- Has the price of Mistral Large 3 2512 changed?
- Mistral Large 3 2512 has been in our daily price archive since tracking began on 2026-08-15, when it listed at $0.50 input / $1.50 output per 1M tokens. No list price change since tracking began on 2026-08-15. Last checked against the 2026-11-12 snapshot.
Its weights are published, which changes what you may run yourself: the cost gap between open weights and proprietary APIs.
These are list prices. Your real cost also depends on caching and batching, negotiated discounts, marketplace agreements, and the contracts you already have. OptimNow audits exactly that.
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