MiniMax M3 vs Mistral Large 3
MiniMax against Mistral AI, costed on the same three workloads. MiniMax M3 is cheaper on all three workloads.
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Monthly bill, side by side
| Workload | MiniMax M3 | Mistral Large 3 | Difference |
|---|---|---|---|
| Support chatbot 2,500 six-turn conversations a day |
$1,087 | $1,609 | $522 (+48%) |
| Document summarizer 1,000 single-shot summaries a day |
$139 | $219 | $80.40 (1.6×) |
| Coding agent 200 twelve-turn sessions a day |
$788 | $1,224 | $436 (1.6×) |
No prompt caching and no batch discount on either side, so the comparison is like for like. Both figures assume 30 days a month.
The rate cards
| MiniMax M3 | Mistral Large 3 | |
|---|---|---|
| Input, per 1M tokens | $0.3 | $0.5 |
| Output, per 1M tokens | $1.2 | $1.5 |
| Cached input | $0.06 | $0.05 |
| Context window | 1M | 262K |
| Maximum output | 128K | 262K |
| Reasoning model | yes | no |
| Vision | no | yes |
Beyond the price
- MiniMax M3 reads up to 1M tokens of context in one request; Mistral Large 3 stops at 262K.
- Mistral Large 3 can write up to 262K tokens in one response, against 128K for MiniMax M3.
- Only MiniMax M3 is a reasoning model, so its output bill also pays for the thinking it does before it answers.
- Only Mistral Large 3 accepts images as input.
- Cached input costs 80% less than fresh input on MiniMax M3 and 90% less on Mistral Large 3, which matters most for workloads that resend the same prompt.
Run this comparison on your own numbers
Full detail: MiniMax M3 pricing · Mistral Large 3 pricing
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Common questions
Which is cheaper, MiniMax M3 or Mistral Large 3?
MiniMax M3 is cheaper on all three workloads.
How much would MiniMax M3 and Mistral Large 3 cost each month?
On PromptSpend's standard workloads, per month: support chatbot: MiniMax M3 $1,087, Mistral Large 3 $1,609 (MiniMax M3 is cheaper by $522); document summarizer: MiniMax M3 $139, Mistral Large 3 $219 (MiniMax M3 is cheaper by $80.40); coding agent: MiniMax M3 $788, Mistral Large 3 $1,224 (MiniMax M3 is cheaper by $436). No prompt caching and no batch discount is assumed.
How do MiniMax M3 and Mistral Large 3 differ apart from price?
MiniMax M3 reads up to 1M tokens of context in one request; Mistral Large 3 stops at 262K. Mistral Large 3 can write up to 262K tokens in one response, against 128K for MiniMax M3. Only MiniMax M3 is a reasoning model, so its output bill also pays for the thinking it does before it answers. Only Mistral Large 3 accepts images as input. Cached input costs 80% less than fresh input on MiniMax M3 and 90% less on Mistral Large 3, which matters most for workloads that resend the same prompt.