MiniMax M3 vs Mistral Medium 3.5

    Comparison

    As of August 25, 2026, MiniMax M3 is 83% cheaper per million tokens than Mistral Medium 3.5. MiniMax M3 is $0.30 / $1.20 per million input/output tokens versus Mistral Medium 3.5 at $1.50 / $7.50. Sources: https://anotherwrapper.com/tools/llm-pricing and https://docs.mistral.ai/platform/pricing/

    Sources: AnotherWrapper LLM pricing (https://anotherwrapper.com/tools/llm-pricing); Mistral AI pricing (https://docs.mistral.ai/platform/pricing/)

    Better value

    MiniMax M3

    MiniMax

    $1.50blended / 1M

    Input

    $0.30

    Output

    $1.20

    1M ctx|Open Source
    83%
    cheaper

    Mistral Medium 3.5

    Mistral

    $9.00blended / 1M

    Input

    $1.50

    Output

    $7.50

    256K ctx|Open Source
    Save $7.50 per million tokens by choosing MiniMax M3 over Mistral Medium 3.5.

    MiniMax M3 vs Mistral Medium 3.5 comparison

    Token pricing, specs, and benchmarks side by side

    Shared benchmarks

    Each bar is share of the current leader on that eval. Click a row to open the board.

    Score vs price

    SWE-bench Verified. Left is cheaper. Up is a higher score. The line is the best score you can buy at each price.

    Best score at each priceMiniMax M3Mistral Medium 3.5
    Metric
    MiniMax M3
    Mistral Medium 3.5
    Provider
    Provider
    MiniMax
    Mistral
    License
    Open Source
    Open Source
    Release Date
    2026-06-01
    2026-04-29
    Pricing (per 1M tokens)
    Input Price-80%
    $0.30
    $1.50
    Output Price-84%
    $1.20
    $7.50
    Blended (1M + 1M)
    $1.50
    $9.00
    Model Details
    Context Window
    1M
    256K
    Max Output Tokens
    131.1K
    256K
    Knowledge Cutoff
    N/A
    N/A
    Throughput
    N/A
    1 tok/s
    Benchmarks
    90.9%
    34.9%
    20.4%
    45.4%
    39.6%
    83.5%
    48.6%
    69%
    48.3%
    32.1%
    74.2%
    78.1%
    71.1%
    86.3%
    81.2%
    27.7%
    66.9%
    20.5%
    74.5%
    95.8%
    68.1%
    58.8%
    3.7%
    0%
    76.3%
    73.2%
    47.8%
    11.2%
    14.7%
    83.3%
    70.0%
    40.2%
    46.3%
    33.8%
    87.3%
    67.7%
    84.2%
    75.3%
    42.1%
    45.1%
    52.6%
    50.6%
    37.6%
    45.8%
    51.5%
    63.7%
    13.4%
    76.1%
    91.4%
    72.7%
    68.0%
    85.7%
    50.1%
    85.4%
    84.6%
    2100000
    Benchmark Wins
    MiniMax M3 19|1 Mistral Medium 3.5

    Verdict

    MiniMax M3 vs Mistral Medium 3.5: the bottom line

    MiniMax M3 offers both lower pricing and stronger benchmark performance across the board, making it the clear value leader in this comparison.

    MiniMax M3 vs Mistral Medium 3.5 FAQ

    Which is cheaper, MiniMax M3 or Mistral Medium 3.5?

    As of August 25, 2026, MiniMax M3 is 83% cheaper on blended LLM API pricing. MiniMax M3 costs $0.30 per million input tokens and $1.20 per million output tokens ($1.50 blended 1M-in + 1M-out). Mistral Medium 3.5 costs $1.50 / $7.50 per million tokens ($9.00 blended). Sources: https://anotherwrapper.com/tools/llm-pricing and https://docs.mistral.ai/platform/pricing/. The cheapest LLM for your app still depends on how many output tokens you generate.

    How much does MiniMax M3 vs Mistral Medium 3.5 cost per million tokens?

    MiniMax M3 MiniMax API pricing is $0.30 input and $1.20 output per million tokens via MiniMax. Mistral Medium 3.5 Mistral API pricing is $1.50 input and $7.50 output per million tokens via Mistral AI. Use those four numbers, not ChatGPT Plus or Claude Pro subscription prices, when you are comparing APIs.

    Which is better for coding, MiniMax M3 or Mistral Medium 3.5?

    MiniMax M3 leads on SWE-bench Verified: MiniMax M3 at 80.5% vs Mistral Medium 3.5 at 77.6%. SWE-bench measures real GitHub fixes; LiveCodeBench measures contest programming.

    What is the context window for MiniMax M3 vs Mistral Medium 3.5?

    MiniMax M3 supports a 1M token context window, while Mistral Medium 3.5 supports 256K tokens. MiniMax M3 offers a larger context window. Filling a larger window bills more input tokens, so the cheaper-per-million model can still cost more on long documents.

    Which model performs better on benchmarks, MiniMax M3 or Mistral Medium 3.5?

    MiniMax M3 leads on 19 of 20 shared benchmarks versus Mistral Medium 3.5's 1 wins. Check the comparison table for GPQA Diamond, SWE-bench, MMLU, HLE, and the other evals we track. Token price and benchmark score together are the usual LLM comparison, not either number alone.

    Is MiniMax M3 or Mistral Medium 3.5 better for production use?

    Both MiniMax M3 and Mistral Medium 3.5 are production API models. For cost-sensitive production traffic, MiniMax M3 has better economics on the blended 1M-in + 1M-out scale. For maximum capability, weight the benchmark table for your domain. Many production stacks route cheap models for drafts and a frontier model for the hard turn, which is usually cheaper than sending everything to the expensive API.

    Can I switch between MiniMax M3 and Mistral Medium 3.5 in my app?

    Yes. Call MiniMax M3 through MiniMax and Mistral Medium 3.5 through Mistral AI with separate API keys, or through a gateway that already wraps both. Keep prompts in tokens, not characters, when you estimate the invoice. AnotherWrapper templates can swap providers without rewriting auth and billing.

    How accurate is this MiniMax M3 vs Mistral Medium 3.5 pricing data?

    List rates are the latest published MiniMax API pricing and Mistral API pricing, quoted per million tokens. Official rate sheets: https://anotherwrapper.com/tools/llm-pricing and https://docs.mistral.ai/platform/pricing/. Prompt caching, batch APIs, and committed-use discounts can change the invoice. Benchmark scores are from official publications and independent evals, updated as new numbers land.

    What is the output token limit for MiniMax M3 and Mistral Medium 3.5?

    MiniMax M3 supports up to 131K output tokens per request, while Mistral Medium 3.5 supports up to 256K output tokens. Output tokens are usually the expensive half of API pricing, so a higher max output cap is a capability, not a discount.

    Which model has better throughput, MiniMax M3 or Mistral Medium 3.5?

    Mistral Medium 3.5 has a measured throughput of approximately 1 tokens/second. Throughput data for MiniMax M3 is not yet available. Throughput (tokens per second) and time-to-first-token are why two models with the same per-million-token price can still feel different in chat and agents.

    How do I switch the models in this MiniMax M3 vs Mistral Medium 3.5 comparison?

    Use the model pickers at the top of this LLM comparison. Search any model in the index and the URL updates. Open MiniMax M3 or Mistral Medium 3.5 from the sidebar for the single-model API pricing page, or go back to the LLM pricing table to sort by cheapest blended cost.

    MiniMax M3 vs Mistral Medium 3.5 pricing

    This comparison covers API pricing, context window, throughput, and benchmark scores. MiniMax M3 costs $0.30/M input and $1.20/M output. Mistral Medium 3.5 costs $1.50/M input and $7.50/M output via Mistral AI.

    Rank both on the LLM leaderboard, SWE-bench, and Humanity's Last Exam.

    The index

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