💰 Unit Cost Winner DeepSeek V3 $0.14/1M in · $0.28/1M out
⚡ Latency & Speed Winner Mistral Large 2 (2411) 380ms TTFT · 75 tok/s
💻 Coding (SWE) Winner Mistral Large 2 (2411) 45.2% SWE-bench · 88.5% HumanEval
🧠 STEM Reasoning Winner DeepSeek V3 59.1% GPQA · 90.2% MATH-500

Which model is better: DeepSeek V3 or Mistral Large 2 (2411)?

DeepSeek V3 is 93.0% cheaper for input tokens ($0.14 vs. $2.00 per 1M tokens) and $0.28 vs. $6.00 for output tokens (14.3x cost advantage). In terms of operational performance, Mistral Large 2 (2411) delivers lower response latency at 380ms TTFT (30ms faster than DeepSeek V3) with 75 vs. 78 tok/s throughput. Mistral Large 2 (2411) leads coding evaluations at 45.2% SWE-bench Verified vs. 42.0% for DeepSeek V3 and 54.2% vs. 59.1% on GPQA Diamond.
Verified daily via automated API latency tests and official documentation.

Verified Performance & Unit Economics Delta (12 Dimensions)

Daily synchronized metrics across token pricing, prompt cache economics, latency, throughput, and 5 capability benchmarks.

Metric / Dimension DeepSeek V3 Mistral Large 2 (2411) Net Delta / Advantage
Input Cost / 1M Tokens $0.14 $2.00 DeepSeek V3 is 14.3x cheaper
Output Cost / 1M Tokens $0.28 $6.00 DeepSeek V3 (95.3% lower)
Prompt Cache Read / 1M $0.014 $0.200 DeepSeek V3 is 14.3x cheaper
Prompt Cache Write / 1M $0.14 $2.00 DeepSeek V3 is 14.3x cheaper
Context Window (Max Output) 131k (8k out) 131k (8k out) Equal Context Window
Avg TTFT Response Latency 410ms 380ms Mistral Large 2 (2411) (30ms faster)
Generation Speed (Throughput) 78 tok/s 75 tok/s DeepSeek V3 (+3 tok/s faster)
SWE-bench Verified (Coding) 42% 45.2% Mistral Large 2 (2411) (+3.2% lead)
GPQA Diamond (PhD STEM) 59.1% 54.2% DeepSeek V3 (+4.9% lead)
MMLU-Pro (Multi-Discipline) 75.9% 74.8% DeepSeek V3 (+1.1% lead)
MATH-500 (Quantitative Logic) 90.2% 76.5% DeepSeek V3 (+13.7% lead)
Inference Value Score (IVR) 75 / 100 50.1 / 100 DeepSeek V3 (+24.9 pts)

Interactive Monthly Token Economics & ROI Forecaster

Model production workloads across prompt, completion, and cached context tokens, or switch models on the fly.

25.0M Tokens
500K 50M 250M 500M+
5.0M Tokens
100K 25M 75M 150M+
50% Cached
0% (Uncached) 25% 50% (Typical Agent) 95% Max

Estimated Monthly Spend

DeepSeek V3 $3.33

$0.14/1M in · $0.28/1M out

Prompt Cache: $0.014/1M read · $0.14/1M write

Mistral Large 2 (2411) $57.50

$2.00/1M in · $6.00/1M out

Prompt Cache: $0.200/1M read · $2.00/1M write

Projected Monthly Cost Reduction
$54.18 / mo
(94.2% lower cost with DeepSeek V3)
Open Full Matchup Analysis →
A

When to Choose DeepSeek V3

Choose DeepSeek V3 (DeepSeek) for cost-sensitive batch text processing, drafting, and open-weight self-hosted inference — offering a 131k context window, 410ms TTFT, and $0.14/1M input pricing ($0.014/1M cached reads).

B

When to Choose Mistral Large 2 (2411)

Choose Mistral Large 2 (2411) (Mistral AI) for sovereign enterprise multilingual flagship tuned for reasoning, strict JSON schemas, and European regulatory compliance — offering a 131k context window, 380ms TTFT, and $2.00/1M input pricing ($0.200/1M cached reads).

Related Questions & Decision Factors

Which is cheaper: DeepSeek V3 or Mistral Large 2 (2411)?

DeepSeek V3 is cheaper at $0.14/1M input tokens ($0.28/1M output) compared to $2.00/1M input ($6.00/1M output) for Mistral Large 2 (2411).

Which model has lower TTFT latency and higher tok/s throughput: DeepSeek V3 or Mistral Large 2 (2411)?

Mistral Large 2 (2411) delivers faster first-token latency at 380ms TTFT (75 tok/s throughput) compared to 410ms TTFT (78 tok/s) for DeepSeek V3.

How do DeepSeek V3 and Mistral Large 2 (2411) compare on SWE-bench coding and GPQA Diamond reasoning?

On SWE-bench Verified software engineering, DeepSeek V3 scores 42% versus 45.2% for Mistral Large 2 (2411). On GPQA Diamond graduate-level STEM reasoning, DeepSeek V3 scores 59.1% versus 54.2% for Mistral Large 2 (2411) (and 90.2% vs 76.5% on MATH-500).

When should you choose DeepSeek V3?

Choose DeepSeek V3 (DeepSeek) for cost-sensitive batch text processing, drafting, and open-weight self-hosted inference — offering a 131k context window, 410ms TTFT, and $0.14/1M input pricing ($0.014/1M cached reads).

When should you choose Mistral Large 2 (2411)?

Choose Mistral Large 2 (2411) (Mistral AI) for sovereign enterprise multilingual flagship tuned for reasoning, strict JSON schemas, and European regulatory compliance — offering a 131k context window, 380ms TTFT, and $2.00/1M input pricing ($0.200/1M cached reads).

Explore High-Priority Related Model Matchups