Which is cheaper, Fugu Max or Mistral Medium 3.5?

Neither: both run at $12 per million tokens, three parts input to one part output, read on 16 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 Medium 3.5: nobody goes below the maker's own price with a reason we can point at, so $12 is the number to beat.

Can I buy both from one provider?

Yes. 5 providers sell both: Kilo Gateway, NanoGPT, Nous Portal, OpenRouter, Vercel AI Gateway. The cheapest of them for the two together is Kilo Gateway.

Which holds more context?

Fugu Max, at 1M tokens against 262k.

Fugu Max vs Mistral Medium 3.5.

model vs model · prices as of 16 Sept 2026

Fugu Max takes 2 of 5 rounds against Mistral Medium 3.5. Both cost $12 per million tokens to run.

Sakana AIwins 2 rounds

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 Medium 3.5

$12/M tokens

Mistral AI list price, nothing below it is accounted for · $1.35 per 1,000 pages

262k context · tool calling · reads images

List price in (lower wins)

$2/M

$1.50/M

List price out (lower wins)

$6/M

$7.50/M

Cheapest we can explain (lower wins)

none below list

Standard price (lower wins)

$12/M

Cost per 1,000 pages (lower wins)

$1.56

$1.35

Context

1M tokens

262k tokens

Open weights

not stated

Tool calling

yes

Structured output

yes

Reads images

yes

Reasoning

yes

Released

11 Sept 2026

30 Apr 2026

Providers selling it

Price we measure against

the maker's own

Trains on your prompts (no is better)

no provider to check

Providers selling both · 5

Kilo Gateway$12 / $12
NanoGPT$12 / $12
Nous Portal$12 / $12
OpenRouter$12 / $12
Vercel AI Gateway$12 / $12

Fugu Max then Mistral Medium 3.5, per million tokens

Go further

open in the compare tool →every price for Fugu Max every price for Mistral Medium 3.5

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

What moved in the last seven days

Fugu MaxNous Portal$1.60 / $4.80 $2 / $625% dearer · 16 Sept 2026
Mistral Medium 3.5Cortecs$1.44 / $7.38 $1.59 / $8.1210% dearer · 16 Sept 2026
Mistral Medium 3.5Nous Portal$1.20 / $6 $1.50 / $7.5025% dearer · 16 Sept 2026

Frequently asked

Which is cheaper, Fugu Max or Mistral Medium 3.5?: Neither: both run at $12 per million tokens, three parts input to one part output, read on 16 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 Medium 3.5: nobody goes below the maker's own price with a reason we can point at, so $12 is the number to beat.
Can I buy both from one provider?: Yes. 5 providers sell both: Kilo Gateway, NanoGPT, Nous Portal, OpenRouter, Vercel AI Gateway. The cheapest of them for the two together is Kilo Gateway.
Which holds more context?: Fugu Max, at 1M tokens against 262k.

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.