Is Mistral Small 3.2 or MiniMax-M2 cheaper?

Mistral Small 3.2 is cheaper on output tokens ($0.30 vs $1.00 per 1M).

Which has the larger context window, Mistral Small 3.2 or MiniMax-M2?

MiniMax-M2 has the larger context window (197K tokens).

Mistral Small 3.2 vs MiniMax-M2

Mistral Small 3.2 is cheaper on output tokens, while MiniMax-M2 offers a larger context window. Choose Mistral Small 3.2 or MiniMax-M2 based on the trade-off between cost, context, and the benchmarks that matter for your use case.

Spec	Mistral Small 3.2	MiniMax-M2
Provider	LLM Gateway	LLM Gateway
Input / 1M tokens	$0.10	$0.20
Output / 1M tokens	$0.30	$1.00
Context window	128K	197K
Parameters	—	229B
Open weights	Yes	Yes
Released	Jun 2025	Oct 2025

Mistral Small 3.2 details →MiniMax-M2 details →

FAQ

Pricing is indicative — confirm with the provider before production use. Highlighted values indicate the better figure for that row.