This model is deprecated. We only continue performance benchmarking for the default 10k input token workload. Results for other workloads are historical and no longer updated.

Mistral has launched a newer model, Mistral Small 4. We suggest considering it instead.

For more information, see comparison of Mistral Small 4 to other models and API provider benchmarks for Mistral Small 4.

Open weights model

Released June 2025

Mistral Small 3.2 API Provider Benchmarking & Analysis

Model Comparison

This analysis is intended to support you in choosing the best API provider of Mistral Small 3.2 for your use-case.

Fastest

#1
MistralMistral
147.7 t/s
#2
DeepInfra (FP8)DeepInfra (FP8)
30.4 t/s

Output speed

Total 2 providers

Lowest Latency

#1
MistralMistral
0.73 s
#2
DeepInfra (FP8)DeepInfra (FP8)
0.97 s

Time to first token

Total 2 providers

Lowest Price

#1
DeepInfra (FP8)DeepInfra (FP8)
$0.09
#2
MistralMistral
$0.12

Blended price (per 1M tokens)

Total 2 providers

Mistral Small 3.2 is available through 2 API providers, each offering different performance characteristics and pricing. Below is a comparison of the key metrics across providers.

  • For output speed, the top providers are Mistral (147.7 t/s) and DeepInfra (FP8) (30.4 t/s).
  • For latency, Mistral (0.73s) and DeepInfra (FP8) (0.97s) offer the lowest time to first token.
  • For pricing, DeepInfra (FP8) (0.09) and Mistral (0.12) offer the lowest blended prices per 1M tokens.
  • Mistral offers the best performance with both the highest speed and lowest latency. For cost optimization, DeepInfra (FP8) provides the most competitive pricing.

Highlights

Output tokens per second · Higher is better
Seconds · Lower is better
USD per 1M tokens (blended) · Lower is better

Pricing

Pricing: Cache Hit, Input, and Output

Price (USD per M Tokens) · Lower is better · 10,000 input tokens

Pricing: Blended Price

Blended at 7:2:1 (cache-input-output) · USD per 1M tokens (blended) · Lower is better

Output Speed vs. Price

Blended at 7:2:1 (cache-input-output) · Output speed: output tokens per second · USD per 1M tokens (blended)
Most attractive quadrant
Pareto line

Speed

Measured by Output Speed (tokens per second)

Output Speed: Mistral Small 3.2

Output speed: output tokens per second · 10,000 input tokens

Latency vs. Output Speed

Latency: seconds to first token received · Output speed: output tokens per second · 10,000 input tokens
Most attractive quadrant

Latency

Measured by Time (seconds) to First Token

Time to First Token

Seconds to first token received · Lower is better · 10,000 input tokens

End-to-End Response Time

Seconds to output 500 tokens, calculated based on time to first token, 'thinking' time for reasoning models, and output speed

End-to-End Response Time

Seconds to output 500 tokens, including reasoning model 'thinking' time · Lower is better · 10,000 input tokens

Key Comparison Metrics & API Features

DeepInfra logoDeepInfra
128k
Open
--
30
0.97
17.40
--
Mistral logoMistral
131k
Open
--
148
0.73
4.12
--

Frequently Asked Questions

Common questions about Mistral Small 3.2 providers