GPT-5.6 Luna vs Mistral Small 4

    Comparison

    As of August 20, 2026, Mistral Small 4 is 46% cheaper per million tokens than GPT-5.6 Luna. GPT-5.6 Luna is $0.20 / $1.20 per million input/output tokens versus Mistral Small 4 at $0.15 / $0.60. Sources: https://developers.openai.com/api/docs/pricing and https://docs.mistral.ai/platform/pricing/

    Sources: OpenAI API pricing (https://developers.openai.com/api/docs/pricing); Mistral AI pricing (https://docs.mistral.ai/platform/pricing/)

    GPT-5.6 Luna

    OpenAI

    $1.40blended / 1M

    Input

    $0.20

    Output

    $1.20

    1.1M ctx|Proprietary
    46%
    cheaper
    Better value

    Mistral Small 4

    Mistral

    $0.75blended / 1M

    Input

    $0.15

    Output

    $0.60

    256K ctx|Open Source
    Save $0.65 per million tokens by choosing Mistral Small 4 over GPT-5.6 Luna.

    GPT-5.6 Luna vs Mistral Small 4 comparison

    Token pricing, specs, and benchmarks side by side

    Metric
    GPT-5.6 Luna
    Mistral Small 4
    Provider
    Provider
    OpenAI
    Mistral
    License
    Proprietary
    Open Source
    Release Date
    2026-07-09
    2026-03-16
    Pricing (per 1M tokens)
    Input Price+33%
    $0.20
    $0.15
    Output Price+100%
    $1.20
    $0.60
    Blended (1M + 1M)
    $1.40
    $0.75
    Model Details
    Context Window
    1.1M
    256K
    Max Output Tokens
    128K
    256K
    Knowledge Cutoff
    2026-02-16
    N/A
    Throughput
    48.45216448188169 tok/s
    4.30138482451386 tok/s
    Benchmarks
    92.3%
    71.2%
    63.6%
    67.2%
    67.2%
    52.5%
    1522.94
    83.3%
    41.7%
    48%
    71.2%
    59.5%
    53.4%
    78.4%
    60%
    78.6%
    40%
    83.8%
    85.0%
    0.2%
    58.3%
    63.1%
    62.9%
    64.2%
    20.6%
    83.9%
    67.1%
    33.2%
    12.4%
    39.8%
    22.7%
    55.8%
    72.9%
    22.4%
    51.2%
    30.4%
    42.4%
    84.4%
    86.0%
    78%
    41.3%
    1.7%
    45.6%
    41.9%
    44.2%
    46.8%
    60.5%
    76.2%
    Benchmark Wins
    GPT-5.6 Luna 3|1 Mistral Small 4

    Verdict

    GPT-5.6 Luna vs Mistral Small 4: the bottom line

    Mistral Small 4 offers significantly lower pricing, while GPT-5.6 Luna leads on benchmark performance. Your choice depends on whether cost efficiency or raw capability matters more for your use case.

    GPT-5.6 Luna vs Mistral Small 4 FAQ

    Which is cheaper, GPT-5.6 Luna or Mistral Small 4?

    As of August 20, 2026, Mistral Small 4 is 46% cheaper on blended LLM API pricing. Mistral Small 4 costs $0.15 per million input tokens and $0.60 per million output tokens ($0.75 blended 1M-in + 1M-out). GPT-5.6 Luna costs $0.20 / $1.20 per million tokens ($1.40 blended). Sources: https://developers.openai.com/api/docs/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 GPT-5.6 Luna vs Mistral Small 4 cost per million tokens?

    GPT-5.6 Luna OpenAI API pricing is $0.20 input and $1.20 output per million tokens via OpenAI. Mistral Small 4 Mistral API pricing is $0.15 input and $0.60 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, GPT-5.6 Luna or Mistral Small 4?

    GPT-5.6 Luna has a published SWE-bench Verified score of 93%. Mistral Small 4 does not have that eval on this page yet.

    What is the context window for GPT-5.6 Luna vs Mistral Small 4?

    GPT-5.6 Luna supports a 1M token context window, while Mistral Small 4 supports 256K tokens. GPT-5.6 Luna 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, GPT-5.6 Luna or Mistral Small 4?

    GPT-5.6 Luna leads on 3 of 4 shared benchmarks versus Mistral Small 4'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 GPT-5.6 Luna or Mistral Small 4 better for production use?

    Both GPT-5.6 Luna and Mistral Small 4 are production API models. For cost-sensitive production traffic, Mistral Small 4 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 GPT-5.6 Luna and Mistral Small 4 in my app?

    Yes. Call GPT-5.6 Luna through OpenAI and Mistral Small 4 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 GPT-5.6 Luna vs Mistral Small 4 pricing data?

    List rates are the latest published OpenAI API pricing and Mistral API pricing, quoted per million tokens. Official rate sheets: https://developers.openai.com/api/docs/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 GPT-5.6 Luna and Mistral Small 4?

    GPT-5.6 Luna supports up to 128K output tokens per request, while Mistral Small 4 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, GPT-5.6 Luna or Mistral Small 4?

    GPT-5.6 Luna runs at approximately 48.45216448188169 tokens/second while Mistral Small 4 runs at 4.30138482451386 tokens/second. GPT-5.6 Luna is faster in raw throughput. 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 GPT-5.6 Luna vs Mistral Small 4 comparison?

    Use the model pickers at the top of this LLM comparison. Search any model in the index and the URL updates. Open GPT-5.6 Luna or Mistral Small 4 from the sidebar for the single-model API pricing page, or go back to the LLM pricing table to sort by cheapest blended cost.

    GPT-5.6 Luna vs Mistral Small 4 pricing

    This comparison covers API pricing, context window, throughput, and benchmark scores. GPT-5.6 Luna costs $0.20/M input and $1.20/M output. Mistral Small 4 costs $0.15/M input and $0.60/M output via Mistral AI.

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

    The index

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