DeepSeek V3 (Dec '24) vs Mistral Small 3.2
Which is better for the money: DeepSeek V3 (Dec '24) by DeepSeek or Mistral Small 3.2 by Mistral? Intelligence, total benchmark cost, and end-to-end time from Artificial Analysis & other sources, snapshot 2026-10-25.
Clear winner
Verdict
Pick DeepSeek V3 (Dec '24)
Mistral Small 3.2 vs DeepSeek V3 (Dec '24): 17.6% less intelligence, 380.0% more cost to run the AA benchmark, and 5.9% slower end-to-end.
| Metric | DeepSeek V3 (Dec '24) | Mistral Small 3.2 | Difference |
|---|---|---|---|
| Intelligence (higher is better) | 8.5 | 7.0 | −17.6% Mistral Small 3.2 is 17.6% less intelligent |
| Total AA cost (lower is better) | $25.37 | $121.78 | +380.0% Mistral Small 3.2 is 4.8× more expensive |
| End-to-end time (lower is better) | 11.84s | 12.54s | +5.9% Mistral Small 3.2 is 5.9% slower |
| Price per 1M tokens (in / out) | $0.32 / $0.89 | $0.07 / $0.20 | |
| Input modalities | Text | Text, Image |
Today's Pareto frontier
Against the frontier
- DeepSeek V3 (Dec '24) is off the frontier: at the same or lower cost, GPT-6 Luna (Low) scores 21.50 for $10.6.
- Mistral Small 3.2 is off the frontier: at the same or lower cost, MiMo-V2.6-Flash scores 37.90 for $110.
DeepSeek V3 (Dec '24)Mistral Small 3.2Today's Pareto frontierOpen-weights frontierEvery other model
Matchup
Compare something else
Agents:
Accept: text/markdown or ?format=md returns this page as Markdown. JSON: /api/v1/compare/deepseek-v3/mistral-small-3-2 · Markdown: /api/v1/compare/deepseek-v3/mistral-small-3-2?format=md · llms.txt · agent skill