Fugu Ultra v2 vs Mistral Large 4

Price, context window & benchmark comparison

Sakana

Fugu Ultra v2

Sakana
$5.00 / $30.00
Input / Output · per 1M tokens
VS
Mistral AI

Mistral Large 4

Mistral AI
$0.70 / $2.10
Input / Output · per 1M tokens
Compare different models
Sakana
Mistral AI
Verdict: Mistral Large 4 is 10.7× cheaper than Fugu Ultra v2 on a typical 3:1 input/output mix. Mistral Large 4 has the larger context window (1M vs 1M).
Fugu Ultra v2Mistral Large 4
Input price / 1M$5.00$0.70
Output price / 1M$30.00$2.10
Blended price (3:1)$11.25$1.05
Cached input / 1M$0.50$0.07
Context window1M1M
Max output128K262K
Intelligence index—26.1
Coding index——
Providers—2
Best provider uptime (30m)—100.0%
Vision inputYesYes
ReasoningYesYes
Tool callingYesYes
Released2026-09-112026-10-06
Retirement——

Cost calculator

FAQ

Which is cheaper, Fugu Ultra v2 or Mistral Large 4?

Mistral Large 4 is 10.7× cheaper than Fugu Ultra v2 on a typical 3:1 input/output mix.

Fugu Ultra v2 vs Mistral Large 4: which has a bigger context window?

Fugu Ultra v2: 1,000,000 tokens. Mistral Large 4: 1,048,576 tokens.

How much would 1 million requests cost?

At 2,000 input + 500 output tokens per request: Fugu Ultra v2 ≈ $25,000, Mistral Large 4 ≈ $2,450.

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