Mistral Large vs Phi-4: Pricing, Benchmarks & Verdict (2026)
⚡ Quick Answer
Phi-4 is significantly cheaper at $0.07/$0.14 per million tokens vs $2.00/$6.00. Mistral Large is stronger for coding with a coding ELO of 1240 vs 1130. Phi-4 is faster at 160 tokens/sec vs 75 tokens/sec. Mistral Large ranks higher overall with an Arena ELO of 1245 vs 1150. Mistral Large offers a larger 128K context window vs 16K.
Updated: September 14, 2026 · ✓ Pricing verified
Side-by-Side Comparison
| Feature | Mistral Large | Phi-4 |
|---|---|---|
| Provider | Mistral | Microsoft |
| Input Price / 1M tokens | $0.500 | $0.070 |
| Output Price / 1M tokens | $1.50 | $0.140 |
| Context Window | 128K | 16.384K |
| Max Output Tokens | 8,192 | 4,096 |
| Arena ELO | 1,245 | 1,150 |
| Coding ELO | 1,240 | 1,130 |
| TTFT (ms) | 280 | 100 |
| Tokens/sec | 75 | 160 |
| Multimodal | No | No |
| JSON Mode | Yes | Yes |
| Function Calling | Yes | No |
| Vision | No | No |
Frequently Asked Questions
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