MiniMax M3 vs Mistral Medium 3.5
Price, context window & benchmark comparison
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Verdict: MiniMax M3 is 5.7× cheaper than Mistral Medium 3.5 on a typical 3:1 input/output mix. MiniMax M3 scores higher on the Artificial Analysis Intelligence Index (29.2 vs 14.2). MiniMax M3 has the larger context window (1M vs 262K).
| MiniMax M3 | Mistral Medium 3.5 | |
|---|---|---|
| Input price / 1M | $0.30 | $1.50 |
| Output price / 1M | $1.20 | $7.50 |
| Blended price (3:1) | $0.52 | $3.00 |
| Cached input / 1M | $0.06 | — |
| Context window | 1M | 262K |
| Max output | 512K | 210K |
| Intelligence index | 29.2 | 14.2 |
| Coding index | 58.6 | 46.9 |
| Providers | 13 | 2 |
| Best provider uptime (30m) | 100.0% | 100.0% |
| Vision input | Yes | Yes |
| Reasoning | Yes | Yes |
| Tool calling | Yes | Yes |
| Released | 2026-05-31 | 2026-04-30 |
| Retirement | — | — |
Cost calculator
FAQ
Which is cheaper, MiniMax M3 or Mistral Medium 3.5?
MiniMax M3 is 5.7× cheaper than Mistral Medium 3.5 on a typical 3:1 input/output mix.
MiniMax M3 vs Mistral Medium 3.5: which has a bigger context window?
MiniMax M3: 1,048,576 tokens. Mistral Medium 3.5: 262,144 tokens.
How much would 1 million requests cost?
At 2,000 input + 500 output tokens per request: MiniMax M3 ≈ $1,200, Mistral Medium 3.5 ≈ $6,750.
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