Gemini Embedding 2 vs Mistral Small 3.2.

model vs model · prices as of

Mistral Small 3.2 takes 3 of 5 rounds against Gemini Embedding 2. It is also the cheaper of the two to run, at $0.42 per million tokens against $0.60.

Google

Gemini Embedding 2

$0.60/M tokens

Google list price, nothing below it is accounted for · $0.12 per 1,000 pages

8k context · reads images

Mistral AIwins 3 rounds

Mistral Small 3.2

$0.42/M tokens

cheapest we can explain, at Helicone · $0.057 per 1,000 pages

128k context · tool calling · reads images · open weights

List price in (lower wins)

$0.20/M

$0.10/M

List price out (lower wins)

$0/M

$0.30/M

Cheapest we can explain (lower wins)

none below list

$0.42/M at Helicone

Standard price (lower wins)

$0.60/M

$0.60/M

Cost per 1,000 pages (lower wins)

$0.12

$0.057

Context

8k tokens

128k tokens

Open weights

no

yes

Tool calling

no

yes

Structured output

not stated

not stated

Reads images

yes

yes

Reasoning

no

no

Released

22 Apr 2026

20 Jun 2025

Providers selling it

4

17

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 · 3

  • LLM Gateway$0.60 / $0.60
  • Nous Portal$0.60 / $1.05
  • LLMTR$12.60 / $1.05

Gemini Embedding 2 then Mistral Small 3.2, 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. Gemini Embedding 2Nous Portal$0.16 / $0 $0.20 / $025% dearer ·
  2. Mistral Small 3.2Cortecs$0.15 / $0.59 $0.16 / $0.6510% dearer ·
  3. Mistral Small 3.2Nous Portal$0.12 / $0.48 $0.15 / $0.6025% dearer ·
  4. Mistral Small 3.2Vercel AI Gateway$0.10 / $0.30 $0.15 / $0.6075% dearer ·

Frequently asked

Which is cheaper, Gemini Embedding 2 or Mistral Small 3.2?
Mistral Small 3.2, at $0.42 per million tokens against $0.60 for Gemini Embedding 2, three parts input to one part output, read on 16 Sept 2026.
Where is each one cheapest?
Gemini Embedding 2: nobody goes below the maker's own price with a reason we can point at, so $0.60 is the number to beat. Mistral Small 3.2: $0.42 at Helicone.
Can I buy both from one provider?
Yes. 3 providers sell both: LLM Gateway, Nous Portal, LLMTR. The cheapest of them for the two together is LLM Gateway.
Which holds more context?
Mistral Small 3.2, at 128k tokens against 8k.

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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