Mistral Small 3.2 vs Step 3.5 Flash 2603.
model vs model · prices as of
Mistral Small 3.2 and Step 3.5 Flash 2603 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.
Mistral AIMistral 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
StepFunStep 3.5 Flash 2603
$0.57/M tokens
cheapest we can explain, at Vercel AI Gateway · $0.072 per 1,000 pages
256k context · tool calling · open weights
List price in (lower wins)
$0.10/M
$0.10/M
List price out (lower wins)
$0.30/M
$0.30/M
Cheapest we can explain (lower wins)
$0.42/M at Helicone
$0.57/M at Vercel AI Gateway
Standard price (lower wins)
$0.60/M
$0.60/M
Cost per 1,000 pages (lower wins)
$0.057
$0.072
Context
128k tokens
256k tokens
Open weights
yes
yes
Tool calling
yes
yes
Structured output
not stated
not stated
Reads images
yes
no
Reasoning
no
yes
Released
20 Jun 2025
2 Apr 2026
Providers selling it
17
16
Price we measure against
the maker's own
the maker's own
Trains on your prompts (no is better)
not stated
not stated
Providers selling both · 7
Eden AI$0.60 / $0.57
Vercel AI Gateway$1.05 / $0.57
Kilo Gateway$1.05 / $0.60
LLMTR$1.05 / $0.60
Nous Portal$1.05 / $0.60
OpenRouter$1.05 / $0.60
TrustedRouter$1.11 / $0.63
Mistral Small 3.2 then Step 3.5 Flash 2603, 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
- Mistral Small 3.2
Cortecs$0.15 / $0.59 $0.16 / $0.6510% dearer · - Mistral Small 3.2Nous Portal$0.12 / $0.48 $0.15 / $0.6025% dearer ·
- Mistral Small 3.2Vercel AI Gateway$0.10 / $0.30 $0.15 / $0.6075% dearer ·
- Step 3.5 Flash 2603Nous Portal$0.08 / $0.24 $0.10 / $0.3025% dearer ·
Frequently asked
- Which is cheaper, Mistral Small 3.2 or Step 3.5 Flash 2603?
- Mistral Small 3.2, at $0.42 per million tokens against $0.57 for Step 3.5 Flash 2603, three parts input to one part output, read on 16 Sept 2026.
- Where is each one cheapest?
- Mistral Small 3.2: $0.42 at Helicone. Step 3.5 Flash 2603: $0.57 at Vercel AI Gateway.
- Can I buy both from one provider?
- Yes. 7 providers sell both: Eden AI, Vercel AI Gateway, Kilo Gateway, LLMTR, Nous Portal, OpenRouter, and more. The cheapest of them for the two together is Eden AI.
- Which holds more context?
- Step 3.5 Flash 2603, at 256k 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.