LLMversus

Llama 3.1 405B vs Mistral Small: Pricing, Benchmarks & Verdict (2026)

Pricing verified Sep 14, 2026By LLMversusUpdated September 17, 2026View methodology

⚡ Quick Answer

Compare Llama 3.1 405B and Mistral Small across pricing, benchmarks, and capabilities.

Updated: September 14, 2026 · ✓ Pricing verified

Side-by-Side Comparison

FeatureLlama 3.1 405BMistral Small
ProviderMetaMistral
Input Price / 1M tokens$3.00$0.150
Output Price / 1M tokens$3.00$0.600
Context Window
128K
128K
Max Output Tokens
4,096
8,192
Arena ELO
1,240
1,185
Coding ELO
1,200
1,160
TTFT (ms)
150
160
Tokens/sec
100
120
MultimodalNoNo
JSON ModeYesYes
Function CallingYesYes
VisionNoNo
When to Use Llama 3.1 405B

Llama 3.1 405B excels at general-purpose, reasoning, long-context tasks.

Strengths:

  • Largest open model
  • Excellent reasoning
  • High quality outputs

Best for:

general-purposereasoninglong-context
When to Use Mistral Small

Mistral Small excels at chatbots, classification, cost-sensitive, multilingual tasks.

Strengths:

  • Very affordable pricing
  • Fast inference speed
  • Good multilingual support
  • Suitable for lightweight tasks

Best for:

chatbotsclassificationcost-sensitivemultilingual

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