Codestral (latest) vs DeepSeek V3.1 Terminus.

model vs model · prices as of

Codestral (latest) takes 3 of 5 rounds against DeepSeek V3.1 Terminus. DeepSeek V3.1 Terminus counters on price: $1.45 per million tokens against $1.80, for 164k context instead of 256k.

Mistral AIwins 3 rounds

Codestral (latest)

$1.80/M tokens

Mistral AI list price, nothing below it is accounted for · $0.234 per 1,000 pages

256k context · tool calling · open weights

DeepSeek

DeepSeek V3.1 Terminus

$1.45/M tokens

cheapest we can explain, at NanoGPT · $0.192 per 1,000 pages

164k context · tool calling · open weights

NanoGPT

List price in (lower wins)

$0.30/M

$0.27/M

List price out (lower wins)

$0.90/M

$1/M

Cheapest we can explain (lower wins)

none below list

$1.45/M at NanoGPT

Standard price (lower wins)

$1.80/M

$1.81/M

Cost per 1,000 pages (lower wins)

$0.234

$0.192

Context

256k tokens

164k tokens

Open weights

yes

yes

Tool calling

yes

yes

Structured output

not stated

yes

Reads images

no

no

Reasoning

no

yes

Released

29 May 2024

22 Sept 2025

Providers selling it

15

18

Price we measure against

the maker's own

OpenRouter

Trains on your prompts (no is better)

no provider to check

not stated

Providers selling both · 7

  • NanoGPT$1.80 / $1.45
  • Eden AI$1.80 / $1.76
  • Kilo Gateway$1.80 / $1.81
  • Nous Portal$1.80 / $1.81
  • OpenRouter$1.80 / $1.81
  • Vercel AI Gateway$1.80 / $1.81
  • TrustedRouter$1.90 / $1.86

Codestral (latest) then DeepSeek V3.1 Terminus, per million tokens

Go further

Add a third or fourth model, or switch the weighting, in the tool.

What moved in the last seven days

  1. Codestral (latest)Cortecs$0.35 / $1.04 $0.38 / $1.1410% dearer ·
  2. Codestral (latest)Nous Portal$0.24 / $0.72 $0.30 / $0.9025% dearer ·
  3. DeepSeek V3.1 TerminusNous Portal$0.22 / $0.80 $0.27 / $125% dearer ·

Frequently asked

Which is cheaper, Codestral (latest) or DeepSeek V3.1 Terminus?
DeepSeek V3.1 Terminus, at $1.45 per million tokens against $1.80 for Codestral (latest), three parts input to one part output, read on 16 Sept 2026.
Where is each one cheapest?
Codestral (latest): nobody goes below the maker's own price with a reason we can point at, so $1.80 is the number to beat. DeepSeek V3.1 Terminus: $1.45 at NanoGPT.
Can I buy both from one provider?
Yes. 7 providers sell both: NanoGPT, Eden AI, Kilo Gateway, Nous Portal, OpenRouter, Vercel AI Gateway, and more. The cheapest of them for the two together is NanoGPT.
Which holds more context?
Codestral (latest), at 256k tokens against 164k.

Prices exclude tax and are per million tokens, read 16 Sept 2026 from each provider's own catalog. The standard price blends three parts input to one part output; a page is 600 tokens in and 60 out. Bars are scaled to the larger value in each row.

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