token.app › Compare › Mistral Small 4 (batch) vs Mercury 3

Mistral Small 4 (batch) vs Mercury 3

Mistral Small 4 (batch) is 1.2× cheaper per token on a blended 3:1 basis. Mercury 3 accepts the larger context window (1M).

Head to head
Blended price uses a 3:1 input:output mix
Mistral Small 4 (batch)Mercury 3
ProviderMistral AIInception
Input $/1M$0.075$0.100
Output $/1M$0.300$0.350
Blended $/1M$0.131$0.163
Context window262K1M
Max output210K131K
ReleasedMar 2026Oct 2026
LicenceOpen weightsProprietary
Choose Mistral Small 4 (batch) if…
  • Costs less per token — $0.131 vs $0.163 blended
  • Open weights — self-hostable
Choose Mercury 3 if…
  • Larger context window (1M)
  • Newer model (released Oct 2026)
FAQ
Which is better, Mistral Small 4 (batch) or Mercury 3?
We do not hold independently-run benchmark scores covering both Mistral Small 4 (batch) and Mercury 3, so we make no quality claim. Their pricing and specifications are compared on this page.
Is Mistral Small 4 (batch) cheaper than Mercury 3?
Mistral Small 4 (batch) is cheaper: $0.131 versus $0.163 per million tokens blended at 3:1 input:output. Input alone: $0.075 vs $0.100. Output alone: $0.300 vs $0.350.
What context windows do Mistral Small 4 (batch) and Mercury 3 have?
Mistral Small 4 (batch): 262,144 tokens. Mercury 3: 1,000,000 tokens.
Who makes Mistral Small 4 (batch) and Mercury 3?
Mistral Small 4 (batch) is made by Mistral AI. Mercury 3 is made by Inception.
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