o3 vs Mistral Large 3
Detailed pricing comparison and cost analysis.
Updated September 2026
Cost Simulator
| Feature | o3 | Mistral Large 3 |
|---|---|---|
| Provider | OpenAI | Mistral |
| Input Price (1M) | $2.00 | $0.50 |
| Output Price (1M) | $8.00 | $1.50 |
| Context Window | 200,000 | 262,000 |
Verdict
o3 costs $2.00 per 1M input tokens and $8.00 per 1M output tokens. Mistral Large 3 costs $0.50 per 1M input tokens and $1.50 per 1M output tokens. Mistral Large 3 is 75% cheaper on input tokens than o3. For output tokens, Mistral Large 3 is the more affordable option at $1.50/1M vs $8.00.
On context window, Mistral Large 3 supports 262,000 tokens — meaning it can fit more conversation history, documents, or code in a single request. This matters for RAG pipelines, long document analysis, and agentic workflows where context builds up over many turns.
When to choose o3
- ✓ You are already integrated with OpenAI
When to choose Mistral Large 3
- ✓ You need the lowest input token cost ($ 0.50/1M)
- ✓ Your workload is output-heavy — Mistral Large 3 generates text cheaper
- ✓ You need a larger context window (262,000 tokens)
- ✓ 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 o3 cheaper than Mistral Large 3? ▼
Mistral Large 3 is cheaper on input tokens at $0.50/1M vs $2.00/1M for o3 — a 75% saving.
What is the context window of o3 vs Mistral Large 3? ▼
o3 has a 200,000-token context window. Mistral Large 3 has a 262,000-token context window. Mistral Large 3 supports the larger context, suitable for longer documents and agentic workflows.
Which model is better: o3 or Mistral Large 3? ▼
The best choice depends on your use case. For cost efficiency on input tokens, Mistral Large 3 is the cheaper option. For maximum context length, Mistral Large 3 supports 262,000 tokens. Use the comparison table above to find the right fit for your workload.