token.app › Compare › Mistral Small 3.2 24B vs Mercury 3

Mistral Small 3.2 24B vs Mercury 3

Mistral Small 3.2 24B 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 3.2 24BMercury 3
ProviderMistral AIInception
Input $/1M$0.094$0.100
Output $/1M$0.250$0.350
Blended $/1M$0.133$0.163
Context window256K1M
Max output16K131K
ReleasedJun 2025Oct 2026
LicenceOpen weightsProprietary
Choose Mistral Small 3.2 24B if…
  • Costs less per token — $0.133 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 3.2 24B or Mercury 3?
We do not hold independently-run benchmark scores covering both Mistral Small 3.2 24B and Mercury 3, so we make no quality claim. Their pricing and specifications are compared on this page.
Is Mistral Small 3.2 24B cheaper than Mercury 3?
Mistral Small 3.2 24B is cheaper: $0.133 versus $0.163 per million tokens blended at 3:1 input:output. Input alone: $0.094 vs $0.100. Output alone: $0.250 vs $0.350.
What context windows do Mistral Small 3.2 24B and Mercury 3 have?
Mistral Small 3.2 24B: 256,000 tokens. Mercury 3: 1,000,000 tokens.
Who makes Mistral Small 3.2 24B and Mercury 3?
Mistral Small 3.2 24B is made by Mistral AI. Mercury 3 is made by Inception.
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