Which is cheaper, Llama 3.1 70B Instruct or Mistral Small 3.1 24B?

Mistral Small 3.1 24B, at $0.60 per million tokens against $1.60 for Llama 3.1 70B Instruct, three parts input to one part output, read on 16 Sept 2026.

Where is each one cheapest?

Llama 3.1 70B Instruct: nobody goes below OpenRouter's own price with a reason we can point at, so $1.60 is the number to beat. Mistral Small 3.1 24B: $0.60 at NanoGPT.

Can I buy both from one provider?

Yes. 3 providers sell both: Kilo Gateway, OpenRouter, TrustedRouter. The cheapest of them for the two together is Kilo Gateway.

Which holds more context?

Llama 3.1 70B Instruct, at 131k tokens against 128k.

Llama 3.1 70B Instruct vs Mistral Small 3.1 24B.

model vs model · prices as of 16 Sept 2026

Llama 3.1 70B Instruct takes 3 of 5 rounds against Mistral Small 3.1 24B. Mistral Small 3.1 24B counters on price: $0.60 per million tokens against $1.60, for 128k context instead of 131k.

Metawins 3 rounds

Llama 3.1 70B Instruct

$1.60/M tokens

OpenRouter list price, nothing below it is accounted for · $0.264 per 1,000 pages

131k context · tool calling · open weights

Mistral AI

Mistral Small 3.1 24B

$0.60/M tokens

cheapest we can explain, at NanoGPT · $0.078 per 1,000 pages

128k context · reads images · open weights

NanoGPT ↗

List price in (lower wins)

$0.40/M

$0.35/M

List price out (lower wins)

$0.40/M

$0.56/M

Cheapest we can explain (lower wins)

none below list

$0.60/M at NanoGPT

Standard price (lower wins)

$1.60/M

$1.61/M

Cost per 1,000 pages (lower wins)

$0.264

$0.078

Context

131k tokens

128k tokens

Open weights

yes

Tool calling

yes

Structured output

yes

Reads images

yes

Reasoning

Released

23 Jul 2024

17 Mar 2025

Providers selling it

Price we measure against

OpenRouter

Trains on your prompts (no is better)

no provider to check

not stated

Providers selling both · 3

Kilo Gateway$1.60 / $1.61
OpenRouter$1.60 / $1.61
TrustedRouter$1.69 / $1.70

Llama 3.1 70B Instruct then Mistral Small 3.1 24B, per million tokens

Go further

open in the compare tool →every price for Llama 3.1 70B Instruct every price for Mistral Small 3.1 24B

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

What moved in the last seven days

Llama 3.1 70B InstructNous Portal$0.32 / $0.32 $0.40 / $0.4025% dearer · 16 Sept 2026

Frequently asked

Which is cheaper, Llama 3.1 70B Instruct or Mistral Small 3.1 24B?: Mistral Small 3.1 24B, at $0.60 per million tokens against $1.60 for Llama 3.1 70B Instruct, three parts input to one part output, read on 16 Sept 2026.
Where is each one cheapest?: Llama 3.1 70B Instruct: nobody goes below OpenRouter's own price with a reason we can point at, so $1.60 is the number to beat. Mistral Small 3.1 24B: $0.60 at NanoGPT.
Can I buy both from one provider?: Yes. 3 providers sell both: Kilo Gateway, OpenRouter, TrustedRouter. The cheapest of them for the two together is Kilo Gateway.
Which holds more context?: Llama 3.1 70B Instruct, at 131k tokens against 128k.

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.