Mistral AI

Mistral Medium 3.5

Mistral's April 2026 frontier dense model for agentic coding and multimodal work, available via OpenRouter and on Azure.

ActiveReleased April 30, 2026Available from 3 providers
Tool callingCan invoke external tools and APIs (function calling) mid-response.Structured outputCan return JSON or schema-constrained responses instead of free text.ReasoningUses extended thinking / chain-of-thought for harder multi-step problems.Effort controlLets you dial thinking depth (low / medium / high) to trade cost for quality.Fine-tuningSupports training a custom variant on your own data (vendor fine-tune API or self-hosted open weights).

Source: Mistral API pricing, Mistral model cards

Price per 1M tokens via Mistral (OpenRouter)
$1.5 in / $7.5 out
Context window262,144
ModalitiesText, Image → Text
Priced across3 providers

Pricing

Every billing leg from the live catalog, in USD per 1M tokens.

Billing legRate
Input$1.5 / M
Output$7.5 / M

Cost calculator

Billing-grade math over the rate card above, including the thinking tokens most estimates miss.

Hidden reasoning tokens bill as output. 1.0x = thinking off. Medium-effort reasoning typically lands near 3x; heavy reasoning runs 6x to 8x. Set it to match your workload.

Estimated monthly cost
$750
at current list prices
Fresh input$300
Output incl. thinking$450
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Compare providers

The same model, priced across every platform that serves it. Lowest combined in/out rate is flagged.

PlatformInput / MOutput / MBatchAccess
Azure AI FoundryLowest
$1.5$7.5—Direct
Mistral
$1.5$7.5—via OpenRouter
Azure AI Foundry · Data zone
$1.65$8.25—Direct

Price history

Has this model gotten cheaper or more expensive?

EffectiveInput / OutputStatus
July 10, 2026 – July 17, 2026$1.5 / $7.5past
July 17, 2026$1.5 / $7.5current

More from Mistral AI

Other models from the same provider.

Mistral Large 3
mistral/mistral-large-2512
$0.5 / $1.5 in / out per 1M
Codestral 2508
mistral/codestral-2508
$0.3 / $0.9 in / out per 1M

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Rates are generated from SuperPenguin's live pricing catalog.