GPT-5.4 nano vs Mistral Medium 3
Detailed pricing comparison and cost analysis.
Updated September 2026
Cost Simulator
| Feature | GPT-5.4 nano | Mistral Medium 3 |
|---|---|---|
| Provider | OpenAI | Mistral |
| Input Price (1M) | $0.20 | $0.40 |
| Output Price (1M) | $1.25 | $2.00 |
| Context Window | 400,000 | 131,000 |
Verdict
GPT-5.4 nano costs $0.20 per 1M input tokens and $1.25 per 1M output tokens. Mistral Medium 3 costs $0.40 per 1M input tokens and $2.00 per 1M output tokens. GPT-5.4 nano is 50% cheaper on input tokens than Mistral Medium 3. For output tokens, GPT-5.4 nano is the more affordable option at $1.25/1M vs $2.00.
On context window, GPT-5.4 nano supports 400,000 tokens — meaning it can fit more conversation history, documents, or code in a single request. This matters for RAG pipelines, long document analysis, and agentic workflows where context builds up over many turns.
When to choose GPT-5.4 nano
- ✓ You need the lowest input token cost ($ 0.20/1M)
- ✓ Your workload is output-heavy — GPT-5.4 nano generates text cheaper
- ✓ You need a larger context window (400,000 tokens)
- ✓ You are already integrated with OpenAI
When to choose Mistral Medium 3
- ✓ You are already integrated with Mistral
Use the calculator above to simulate your specific workload and find the exact break-even point. For most applications, the cheapest model is the one that minimises your total monthly bill given your input-to-output token ratio.
Frequently Asked Questions
Is GPT-5.4 nano cheaper than Mistral Medium 3? ▼
GPT-5.4 nano is cheaper on input tokens at $0.20/1M vs $0.40/1M for Mistral Medium 3 — a 50% saving.
What is the context window of GPT-5.4 nano vs Mistral Medium 3? ▼
GPT-5.4 nano has a 400,000-token context window. Mistral Medium 3 has a 131,000-token context window. GPT-5.4 nano supports the larger context, suitable for longer documents and agentic workflows.
Which model is better: GPT-5.4 nano or Mistral Medium 3? ▼
The best choice depends on your use case. For cost efficiency on input tokens, GPT-5.4 nano is the cheaper option. For maximum context length, GPT-5.4 nano supports 400,000 tokens. Use the comparison table above to find the right fit for your workload.