Mistral Small vs Qwen 2.5 Max: Pricing, Benchmarks & Verdict (2026)
⚡ Quick Answer
Mistral Small is significantly cheaper at $0.10/$0.30 per million tokens vs $0.16/$0.64. Qwen 2.5 Max is stronger for coding with a coding ELO of 1250 vs 1160. Mistral Small is faster at 120 tokens/sec vs 80 tokens/sec. Qwen 2.5 Max ranks higher overall with an Arena ELO of 1260 vs 1185.
Updated: August 10, 2026 · ✓ Pricing verified
Side-by-Side Comparison
| Feature | Mistral Small | Qwen 2.5 Max |
|---|---|---|
| Provider | Mistral | Alibaba |
| Input Price / 1M tokens | $0.150 | $0.160 |
| Output Price / 1M tokens | $0.600 | $0.640 |
| Context Window | 128K | 128K |
| Max Output Tokens | 8,192 | 8,192 |
| Arena ELO | 1,185 | 1,374 |
| Coding ELO | 1,160 | 1,374 |
| TTFT (ms) | 160 | 240 |
| Tokens/sec | 120 | 80 |
| Multimodal | No | No |
| JSON Mode | Yes | Yes |
| Function Calling | Yes | Yes |
| Vision | No | No |
Frequently Asked Questions
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