Mistral Large 4 vs DeepSeek V4 Pro API pricing

Mistral Large 4 is cheaper on every example workload below. Prices last checked 2026-10-13.

Mistral Large 4 (Mistral)DeepSeek V4 Pro (DeepSeek)
Input $/1M tokens$0.68$1.32
Output $/1M tokens$2.09$3.96
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Our tier (1–4)33

Example monthly bills

WorkloadMistral Large 4DeepSeek V4 ProCheaper
Chat / Q&A
10M in / 2M out per month
$10.98$21.12Mistral Large 4 saves $10.14/mo (48%)
Coding
20M in / 5M out per month
$24.05$46.20Mistral Large 4 saves $22.15/mo (48%)
Output-heavy (reasoning, long answers)
10M in / 10M out per month
$27.70$52.80Mistral Large 4 saves $25.10/mo (48%)

Fine print

Cost only, not quality. “Tier” is our rough capability judgment, not a benchmark, and different tokenizers count the same text differently. Reasoning models may bill extra thinking tokens as output. Official sources: Mistral, DeepSeek.

See all models on the full price table, the Mistral and DeepSeek pricing pages, or try the savings calculator with your own numbers.

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