DeepSeek-V3.1 vs Mistral Medium 3.5

    Comparison

    As of August 23, 2026, DeepSeek-V3.1 is 86% cheaper per million tokens than Mistral Medium 3.5. DeepSeek-V3.1 is $0.27 / $1.00 per million input/output tokens versus Mistral Medium 3.5 at $1.50 / $7.50. Sources: https://api-docs.deepseek.com/quick_start/pricing and https://docs.mistral.ai/platform/pricing/

    Sources: DeepSeek API pricing (https://api-docs.deepseek.com/quick_start/pricing); Mistral AI pricing (https://docs.mistral.ai/platform/pricing/)

    Better value

    DeepSeek-V3.1

    DeepSeek

    $1.27blended / 1M

    Input

    $0.27

    Output

    $1.00

    163.8K ctx|Open Source
    86%
    cheaper

    Mistral Medium 3.5

    Mistral

    $9.00blended / 1M

    Input

    $1.50

    Output

    $7.50

    256K ctx|Open Source
    Save $7.73 per million tokens by choosing DeepSeek-V3.1 over Mistral Medium 3.5.

    DeepSeek-V3.1 vs Mistral Medium 3.5 comparison

    Token pricing, specs, and benchmarks side by side

    Metric
    DeepSeek-V3.1
    Mistral Medium 3.5
    Provider
    Provider
    DeepSeek
    Mistral
    License
    Open Source
    Open Source
    Release Date
    2025-01-10
    2026-04-29
    Pricing (per 1M tokens)
    Input Price-82%
    $0.27
    $1.50
    Output Price-87%
    $1.00
    $7.50
    Blended (1M + 1M)
    $1.27
    $9.00
    Model Details
    Context Window
    163.8K
    256K
    Max Output Tokens
    163.8K
    256K
    Knowledge Cutoff
    N/A
    N/A
    Throughput
    N/A
    0.9605563235026328 tok/s
    Benchmarks
    15.9%
    74.9%
    34.9%
    39.6%
    30%
    48.6%
    93.4%
    69%
    49.8%
    86.3%
    66.3%
    66.9%
    69.7%
    95.8%
    58.8%
    0%
    11.2%
    33.5%
    33.8%
    67.7%
    83.7%
    75.3%
    91.8%
    37.6%
    13.4%
    76.1%
    91.4%
    68.0%
    Benchmark Wins
    DeepSeek-V3.1 1|3 Mistral Medium 3.5

    Verdict

    DeepSeek-V3.1 vs Mistral Medium 3.5: the bottom line

    DeepSeek-V3.1 offers significantly lower pricing, while Mistral Medium 3.5 leads on benchmark performance. Your choice depends on whether cost efficiency or raw capability matters more for your use case.

    DeepSeek-V3.1 vs Mistral Medium 3.5 FAQ

    Which is cheaper, DeepSeek-V3.1 or Mistral Medium 3.5?

    As of August 23, 2026, DeepSeek-V3.1 is 86% cheaper on blended LLM API pricing. DeepSeek-V3.1 costs $0.27 per million input tokens and $1.00 per million output tokens ($1.27 blended 1M-in + 1M-out). Mistral Medium 3.5 costs $1.50 / $7.50 per million tokens ($9.00 blended). Sources: https://api-docs.deepseek.com/quick_start/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 DeepSeek-V3.1 vs Mistral Medium 3.5 cost per million tokens?

    DeepSeek-V3.1 DeepSeek API pricing is $0.27 input and $1.00 output per million tokens via DeepSeek. 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, DeepSeek-V3.1 or Mistral Medium 3.5?

    Mistral Medium 3.5 leads on SWE-bench Verified: DeepSeek-V3.1 at 66% vs Mistral Medium 3.5 at 77.6%. SWE-bench measures real GitHub fixes; LiveCodeBench measures contest programming.

    What is the context window for DeepSeek-V3.1 vs Mistral Medium 3.5?

    DeepSeek-V3.1 supports a 164K token context window, while Mistral Medium 3.5 supports 256K tokens. Mistral Medium 3.5 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, DeepSeek-V3.1 or Mistral Medium 3.5?

    Mistral Medium 3.5 leads on 3 of 4 shared benchmarks versus DeepSeek-V3.1'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 DeepSeek-V3.1 or Mistral Medium 3.5 better for production use?

    Both DeepSeek-V3.1 and Mistral Medium 3.5 are production API models. For cost-sensitive production traffic, DeepSeek-V3.1 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 DeepSeek-V3.1 and Mistral Medium 3.5 in my app?

    Yes. Call DeepSeek-V3.1 through DeepSeek 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 DeepSeek-V3.1 vs Mistral Medium 3.5 pricing data?

    List rates are the latest published DeepSeek API pricing and Mistral API pricing, quoted per million tokens. Official rate sheets: https://api-docs.deepseek.com/quick_start/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 DeepSeek-V3.1 and Mistral Medium 3.5?

    DeepSeek-V3.1 supports up to 164K 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, DeepSeek-V3.1 or Mistral Medium 3.5?

    Mistral Medium 3.5 has a measured throughput of approximately 0.9605563235026328 tokens/second. Throughput data for DeepSeek-V3.1 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 DeepSeek-V3.1 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 DeepSeek-V3.1 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.

    DeepSeek-V3.1 vs Mistral Medium 3.5 pricing

    This comparison covers API pricing, context window, throughput, and benchmark scores. DeepSeek-V3.1 costs $0.27/M input and $1.00/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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