Mistral Small 4 API Pricing
Mistral · Budget · Mistral · released 2026-03. Prices in USD per 1 million tokens. Data snapshot: 2026-09-28.
Mistral Small 4 has held the same list price since 2026-08-15 and is the 75th cheapest of 142 Budget models. Only one host, Mistral, sells it, so there is no second price to shop. No Arena score is published for it, so it carries no Efficiency score and cannot hold the FinOps Friendly badge.
- Input: $0.15 per 1M tokens
- Output: $0.60 per 1M tokens
- Batch API (input/output): $0.07 / $0.30
- Prompt-cache read: $0.01
- Context window: 262K
- Available on: Direct API, AWS Bedrock, Azure AI Foundry, OpenRouter (curated by hand, verify with the provider)
Mistral Small 4 market position
On blended price ($0.465 per 1M tokens at 30% input, 70% output) it is cheaper than 45% of Budget models: 75th cheapest of 142, tied with 3 others. Across every category it is cheaper than 73% of priced text models in the catalogue: 75th cheapest of 281, tied with 3 others.
Mistral Small 4 licence, size and capabilities
Mistral Small 4 is open weights, which is not the same as open source: the weights are published, but under Mistral, a licence that restricts some uses. Read it before self-hosting commercially. Its published size is 119B parameters. Listed capabilities: Text, Vision, Reasoning, Code, Agents. Filling its 262K context window once costs $0.04 in input tokens at list price.
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 the provider 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 | $40 – $53 |
| Knowledge Q&A | 2,000 / 800 | $59 – $78 |
| Meeting Summary | 10,000 / 1,200 | $105 – $222 |
| Marketing Content | 2,500 / 1,800 | $139 – $146 |
| Coding Task | 3,000 / 2,000 | $145 – $165 |
| Invoice Processing | 1,500 / 600 | $27 – $59 |
| Call Summary | 2,000 / 700 | $35 – $72 |
| Agent Workflow | 6,000 / 3,000 | $213 – $270 |
Mistral Small 4 pricing by host
A host is a company that runs the model and sells it by the token — the lab that made it, a cloud platform like Amazon Bedrock, Azure or Vertex, or an independent provider. One model, several sellers, and often several prices. This model is sold by 1 host. The price quoted above is the one we publish so that models stay comparable; it is not necessarily the cheapest way to buy this model. List prices as published on 2026-09-28 via OpenRouter — negotiated rates, committed-use discounts and provisioned capacity are not shown.
Mistral is the only host with a published rate, $0.15 input / $0.60 output per 1M tokens, which is the price shown on this page.
| Host | Input $/1M | Output $/1M |
|---|---|---|
| Mistral (the price shown above) | $0.15 | $0.60 |
Mistral Small 4 price history
Mistral Small 4 has been in our daily price archive since tracking began on 2026-08-15, when it listed at $0.15 input / $0.60 output per 1M tokens. No list price change since tracking began on 2026-08-15. Last checked against the 2026-09-28 snapshot.
Alternatives to Mistral Small 4
- Next cheaper Budget model: Hy3 (Tencent) at $0.409 blended, 12% less.
- Next more expensive: Saba (Mistral) at $0.480 blended, 3% more.
Common questions about Mistral Small 4 pricing
- How much does Mistral Small 4 cost?
- Mistral Small 4 costs $0.15 per million input tokens and $0.60 per million output tokens on the API.
- Does Mistral Small 4 offer batch or cached pricing?
- Yes. Batch API pricing is $0.07/M input and $0.30/M output. Prompt-cache reads cost $0.01/M.
- What would Mistral Small 4 cost per month?
- For a support-ticket workload (1,500 input + 500 output tokens per request) at 100K requests/month, Mistral Small 4 costs about $53 at list prices.
- Has the price of Mistral Small 4 changed?
- Mistral Small 4 has been in our daily price archive since tracking began on 2026-08-15, when it listed at $0.15 input / $0.60 output per 1M tokens. No list price change since tracking began on 2026-08-15. Last checked against the 2026-09-28 snapshot.
These are list prices: real cost also depends on caching, batching, negotiated discounts, marketplace agreements, and existing contracts. Get a FinOps review from OptimNow or compare all models.
Build the business case for Mistral Small 4 in the AI ROI Calculator: add your business value on top of these costs to get ROI, break-even and payback.
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