DeepSeek V4 Flash 0731 (Max) vs Mistral Small 3.2
Which is better for the money: DeepSeek V4 Flash 0731 (Max) by DeepSeek or Mistral Small 3.2 by Mistral? Intelligence, total benchmark cost, and end-to-end time from Artificial Analysis & other sources, snapshot 2026-10-24.
Trade-off
Verdict
Depends on your budget
DeepSeek V4 Flash 0731 (Max) scores 27.3 points higher (34.3 vs 7.0) but costs 1.6× as much to run the benchmark ($200 vs $122; both mid-range class). Pick DeepSeek V4 Flash 0731 (Max) when the extra intelligence is worth the premium, otherwise Mistral Small 3.2.
| Metric | DeepSeek V4 Flash 0731 (Max) | Mistral Small 3.2 | Difference |
|---|---|---|---|
| Intelligence (higher is better) | 34.3 | 7.0 | −79.6% Mistral Small 3.2 is 79.6% less intelligent |
| Total AA cost (lower is better) | $199.63 | $121.78 | −39.0% Mistral Small 3.2 is 39.0% cheaper |
| End-to-end time (lower is better) | 17.91s | 12.50s | −30.2% Mistral Small 3.2 is 30.2% faster |
| Price per 1M tokens (in / out) | $0.14 / $0.28 | $0.07 / $0.20 | |
| Input modalities | Text | Text, Image |
Mistral Small 3.2 vs DeepSeek V4 Flash 0731 (Max): 79.6% less intelligence, 39.0% less cost to run the AA benchmark, and 30.2% faster end-to-end.
Today's Pareto frontier
Against the frontier
- DeepSeek V4 Flash 0731 (Max) is off the frontier: at the same or lower cost, Claude Haiku 5.5 (Xhigh) scores 41.20 for $158.
- Mistral Small 3.2 is off the frontier: at the same or lower cost, MiMo-V2.6-Flash scores 37.90 for $110.
DeepSeek V4 Flash 0731 (Max)Mistral Small 3.2Today's Pareto frontierOpen-weights frontierEvery other model
Matchup
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Accept: text/markdown or ?format=md returns this page as Markdown. JSON: /api/v1/compare/deepseek-v4-flash/mistral-small-3-2 · Markdown: /api/v1/compare/deepseek-v4-flash/mistral-small-3-2?format=md · llms.txt · agent skill