Fugu Max vs Mistral Large 2.1.

model vs model · prices as of

Fugu Max and Mistral Large 2.1 split the 5 rounds this table counts: the two list price rows, the cheapest price we can explain, the standard price and context. The weighting you pick decides the rest.

Sakana AI

Fugu Max

$12/M tokens

Sakana AI list price, nothing below it is accounted for · $1.56 per 1,000 pages

1M context · tool calling · reads images

Mistral AI

Mistral Large 2.1

$3/M tokens

cheapest we can explain, at OpenRouter · $0.39 per 1,000 pages

131k context · tool calling · open weights

List price in (lower wins)

$2/M

$2/M

List price out (lower wins)

$6/M

$6/M

Cheapest we can explain (lower wins)

none below list

$3/M at OpenRouter

Standard price (lower wins)

$12/M

$12/M

Cost per 1,000 pages (lower wins)

$1.56

$0.39

Context

1M tokens

131k tokens

Open weights

not stated

yes

Tool calling

yes

yes

Structured output

yes

not stated

Reads images

yes

no

Reasoning

yes

no

Released

11 Sept 2026

18 Nov 2024

Providers selling it

9

18

Price we measure against

the maker's own

the maker's own

Trains on your prompts (no is better)

no provider to check

not stated

Providers selling both · 6

  • Kilo Gateway$12 / $3
  • LLMTR$12 / $3
  • Nous Portal$12 / $3
  • OpenRouter$12 / $3
  • NanoGPT$12 / $12.02
  • LLM Gateway$12 / $24

Fugu Max then Mistral Large 2.1, 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. Mistral Large 2.1Kilo Gateway$2 / $6 $0.50 / $1.5075% cheaper ·
  2. Mistral Large 2.1Merge Gateway$0.50 / $1.50 $2 / $6300% dearer ·
  3. Mistral Large 2.1Mistral AI$0.50 / $1.50 $2 / $6300% dearer ·
  4. Mistral Large 2.1Mistral AIMistral AI's list price, in and out per million tokens$0.50 / $1.50 $2 / $6300% dearer ·
  5. Mistral Large 2.1Nous Portal$2 / $6 $0.50 / $1.5075% cheaper ·
  6. Mistral Large 2.1OpenRouter$2 / $6 $0.50 / $1.5075% cheaper ·

Frequently asked

Which is cheaper, Fugu Max or Mistral Large 2.1?
Mistral Large 2.1, at $3 per million tokens against $12 for Fugu Max, three parts input to one part output, read on 25 Sept 2026.
Where is each one cheapest?
Fugu Max: nobody goes below the maker's own price with a reason we can point at, so $12 is the number to beat. Mistral Large 2.1: $3 at OpenRouter.
Can I buy both from one provider?
Yes. 6 providers sell both: Kilo Gateway, LLMTR, Nous Portal, OpenRouter, NanoGPT, LLM Gateway. The cheapest of them for the two together is Kilo Gateway.
Which holds more context?
Fugu Max, at 1M tokens against 131k.

Prices exclude tax and are per million tokens, read 25 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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