Live pricing — last refreshed May 28, 2026

Mistral: Mistral Large 3 2512 vs OpenAI: GPT-5.2

Head-to-head API pricing and cost comparison between Mistral’s Mistral: Mistral Large 3 2512 and OpenAI’s OpenAI: GPT-5.2. Prices auto-refresh daily from OpenRouter.

Verdict

Mistral: Mistral Large 3 2512 is 71% cheaper for input tokens; Mistral: Mistral Large 3 2512 also wins on output tokens.

Side-by-side comparison

SpecMistral: Mistral Large 3 2512OpenAI: GPT-5.2
Input price (per 1M)$0.50$1.75
Cached input (per 1M)$0.05$0.17
Output price (per 1M)$1.50$14.00
Batch input (per 1M)$0.88
Batch output (per 1M)$7.00
Reasoning price (per 1M)
Context window262K400K
Vision supportYesYes
Caching supportYesYes
Batch APINoYes
Reasoning capabilityNoNo

Monthly cost at volume

Estimated monthly API spend at common production traffic levels (input/output tokens per request shown).

VolumeMistral: Mistral Large 3 2512OpenAI: GPT-5.2Savings
1K req/day
500in / 200out tokens
$16.50$110.25$93.75
Mistral: Mistral Large 3 2512 wins
10K req/day
1500in / 500out tokens
$450.00$2,888$2,438
Mistral: Mistral Large 3 2512 wins
100K req/day
3000in / 800out tokens
$8,100$49,350$41,250
Mistral: Mistral Large 3 2512 wins
1M req/day
8000in / 2000out tokens
$210,000$1,260,000$1,050,000
Mistral: Mistral Large 3 2512 wins
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Adjust input/output token counts, request volume, batch & cached pricing.

Related comparisons

Frequently asked questions

Which is cheaper, Mistral: Mistral Large 3 2512 or OpenAI: GPT-5.2?

For input tokens, Mistral: Mistral Large 3 2512 is roughly 71% cheaper at $0.50/1M vs $1.75/1M. For output tokens, Mistral: Mistral Large 3 2512 wins at $1.50/1M. Real-world cost depends on your input/output ratio — use the calculator to model your actual workload.

What’s the context window difference?

Mistral: Mistral Large 3 2512 has a context window of 262K tokens. OpenAI: GPT-5.2 offers 400K tokens. Larger context windows are valuable for long documents, RAG pipelines, and multi-turn conversations — but they come with higher input-token bills if you fill them every request.

Should I use Mistral: Mistral Large 3 2512 or OpenAI: GPT-5.2?

Choose Mistral: Mistral Large 3 2512 if you’re already on the Mistral stack, want broad ecosystem support, or prefer its lower input price. Choose OpenAI: GPT-5.2 for OpenAI’s ecosystem, native vision input, or its differentiated capabilities. Run a small benchmark on your own prompts before committing — price is only one axis.

How are these prices kept current?

Prices are pulled directly from OpenRouter’s public models API once every 24 hours via a Convex cron job, then normalized to per-1M-token figures. Last refresh: May 28, 2026.