GPT-5.4 Image 2 vs Mistral: Mistral Medium 3.5: API Cost Comparison
Compare the API pricing, context windows, features, and real-world cost projections for GPT-5.4 Image 2 (OpenAI) and Mistral: Mistral Medium 3.5 (Mistral AI). Use the interactive calculator below to compute your exact monthly cost based on your token usage and request volume.
Prices verified May 6, 2026
Interactive Cost Calculator
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Showing costs for 2 models. Cheapest: Mistral: Mistral Medium 3.5 at $52.50/month.
| Alert | |||||||
|---|---|---|---|---|---|---|---|
BestMistral: Mistral Medium 3.5 | Mistral AI | $52.50 | $0.005250 | $15.00 | $37.50 | 66.1% | Alerts coming soon |
GPT-5.4 Image 2 | OpenAI | $155.00 | $0.015500 | $80.00 | $75.00 | — | Alerts coming soon |
Monthly Cost Comparison
Price Comparison at a Glance
All prices are in USD per 1 million tokens ($/M tokens). Lower is cheaper.
| Pricing Type | GPT-5.4 Image 2 | Mistral: Mistral Medium 3.5 | Cheaper |
|---|---|---|---|
| Input (standard) | $8.00/M | $1.50/M | Mistral: Mistral Medium 3.5 |
| Output | $15.00/M | $7.50/M | Mistral: Mistral Medium 3.5 |
Prices last verified: 2026-04-22 – 2026-05-06
Cost Breakdown by Usage Volume
Estimated monthly costs at different request volumes, assuming 1,000 input tokens and 500 output tokens per request. Adjust in the calculator above for your specific use case.
| Volume | GPT-5.4 Image 2Monthly | Mistral: Mistral Medium 3.5Monthly | GPT-5.4 Image 2Per request | Mistral: Mistral Medium 3.5Per request |
|---|---|---|---|---|
| 1K requests/mo | $15.50 | $5.25 | $0.015500 | $0.005250 |
| 10K requests/mo | $155.00 | $52.50 | $0.015500 | $0.005250 |
| 100K requests/mo | $1,550.00 | $525.00 | $0.015500 | $0.005250 |
| 1M requests/mo | $15,500.00 | $5,250.00 | $0.015500 | $0.005250 |
Green values indicate the lower-cost option at each volume tier. Cost per request is calculated at 1,000 input + 500 output tokens using standard (non-batch, non-cached) pricing.
When to Choose GPT-5.4 Image 2
by OpenAI
- Content & copywriting
Input / 1M tokens
$8.00/M
Output / 1M tokens
$15.00/M
Context window
1,050,000
Tier
premium
When to Choose Mistral: Mistral Medium 3.5
by Mistral AI
- General chatbot
Input / 1M tokens
$1.50/M
Output / 1M tokens
$7.50/M
Context window
262,144
Tier
mid
Key Differences Beyond Price
Cost is only one factor in choosing an AI model. Context window size, rate limits, supported features, and latency all affect whether a model fits your use case.
| Capability | GPT-5.4 Image 2 | Mistral: Mistral Medium 3.5 |
|---|---|---|
| Context window | 1,050,000 tokens | 262,144 tokens |
| Max output tokens | 128,000 tokens | 4,096 tokens |
| Performance tier | Premium | Mid |
| Vision / image input | Yes | Yes |
| Function calling | Yes | Yes |
| JSON mode | Yes | Yes |
| Prompt caching | No | No |
| Batch API (50% discount) | No | No |
| Extended reasoning | Yes | Yes |
| Fine-tuning | No | No |
Frequently Asked Questions
Is GPT-5.4 Image 2 cheaper than Mistral: Mistral Medium 3.5?
At standard usage (1,000 input tokens, 500 output tokens, 100,000 requests/month), Mistral: Mistral Medium 3.5 costs $525.00/month versus $1,550.00/month for GPT-5.4 Image 2 — a 66% saving. Your actual savings will vary based on your token profile; output-heavy workloads amplify differences in output pricing.
Which model has a larger context window, GPT-5.4 Image 2 or Mistral: Mistral Medium 3.5?
GPT-5.4 Image 2 has a larger context window at 1,050,000 tokens, compared to 262,144 tokens for Mistral: Mistral Medium 3.5. A larger context window is important for processing long documents, multi-turn conversations, or large codebases without truncation.
Do GPT-5.4 Image 2 and Mistral: Mistral Medium 3.5 support the Batch API?
Neither GPT-5.4 Image 2 nor Mistral: Mistral Medium 3.5 currently supports a batch API with discounted pricing. For batch-eligible alternatives, consider models from OpenAI, Anthropic, or Google that include batch API support.
Which model offers better prompt caching?
Neither GPT-5.4 Image 2 nor Mistral: Mistral Medium 3.5 currently supports prompt caching. For prompt-caching capable alternatives, consider Claude models from Anthropic or GPT-4o from OpenAI.
What are the best use cases for GPT-5.4 Image 2 vs Mistral: Mistral Medium 3.5?
GPT-5.4 Image 2 is best suited for Content & copywriting, while Mistral: Mistral Medium 3.5 is optimized for General chatbot. Choose based on which use case matches your primary workload — and validate with the cost calculator above to confirm the total monthly spend fits your budget.
What is the cost per request for GPT-5.4 Image 2 vs Mistral: Mistral Medium 3.5?
At 1,000 input tokens and 500 output tokens per request — a typical conversational workload — GPT-5.4 Image 2 costs $0.015500 per request and Mistral: Mistral Medium 3.5 costs $0.005250 per request. At 100,000 requests/month, that translates to $1,550.00 and $525.00 respectively. Use the interactive calculator to adjust these parameters for your actual workload.
GPT-5.4 Image 2 vs Mistral: Mistral Medium 3.5: Summary
When comparing GPT-5.4 Image 2 and Mistral: Mistral Medium 3.5 for API cost, the right choice depends on your workload's token profile, required features, and tolerance for latency. Mistral: Mistral Medium 3.5 offers lower total cost at standard usage volumes (1,000 input + 500 output tokens per request at 100,000 requests/month) at $525.00/month, compared to $1,550.00/month for GPT-5.4 Image 2.
Both models are priced in USD per million tokens, the standard unit across all major AI API providers. GPT-5.4 Image 2 charges $8.00/M for input tokens and $15.00/M for output tokens. Mistral: Mistral Medium 3.5 charges $1.50/M input and $7.50/M output. If your workload is output-heavy (more tokens generated than consumed as input), the model with the lower output price compounds cost savings significantly at scale.
Context window capacity differs between the two: GPT-5.4 Image 2 supports up to 1,050,000 tokens in a single request, versus 262,144 tokens for Mistral: Mistral Medium 3.5. A larger context window is essential for document summarization, large codebase analysis, and multi-document retrieval-augmented generation (RAG) applications.
Use the interactive calculator at the top of this page to enter your actual token usage and monthly request volume for a precise cost comparison tailored to your workload. Adjust for batch API discounts and prompt caching to find the most cost-effective option for your specific deployment.
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Relevant Use Cases
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