Anthropic vs Mistral
API pricing and model line-up compared · Prices checked 12 August 2026
Mistral has the lower entry price: Mistral 7B v0.3 at $0.080 per million tokens blended, against Claude Haiku 4.5 at $1.76 on Anthropic, roughly 22.0× cheaper to start.
At the top of the range Anthropic goes higher: Claude Opus 4.5 at $33.00 per million tokens against Mistral Medium 3.5 at $3.30. Anthropic offers the larger maximum context window, 1,000,000 tokens against 256,000.
Catalogue side by side
| Metric | Anthropic | Mistral |
|---|---|---|
| Models tracked | 13 | 13 |
| Cheapest model | Claude Haiku 4.5 · $1.76/M | Mistral 7B v0.3 · $0.080/M |
| Most expensive model | Claude Opus 4.5 · $33.00/M | Mistral Medium 3.5 · $3.30/M |
| Top-tier input / output | $5.00 / $25.00 | $0.500 / $1.50 |
| Largest context window | 1,000,000 | 256,000 |
| Models with public benchmarks | 10 of 13 | 12 of 13 |
| Founded | 2021 | 2023 |
| Headquarters | San Francisco, USA | Paris, France |
Counts cover text-generation models in our curated catalogue, excluding retired SKUs, embeddings and non-text products. Blended rates weight input at 70 per cent and output at 30 per cent; how that is calculated.
About each provider
Anthropic
AI safety company building Claude — the assistant family known for long context, careful reasoning and best-in-class coding via Claude Code.
Top of the line: Claude Opus 5 at $5.00 input / $25.00 output per million tokens, 1,000,000 context.
Mistral
European AI lab with a strong open-weights heritage and competitive frontier models. Code-tuned variants and multilingual coverage.
Top of the line: Mistral Large 3 at $0.500 input / $1.50 output per million tokens, 256,000 context.
Frequently asked questions
Is Anthropic or Mistral cheaper?
It depends which tier you need. Mistral has the lower entry price, but both run a range from budget to frontier models, so the fair comparison is tier against tier rather than vendor against vendor. Price the specific models you would actually call; the table above shows each side’s floor and ceiling.
Should I use Anthropic or Mistral?
Neither wins outright. Shortlist by the capability tier your workload needs, then compare the specific models on price, context window and benchmark evidence. Multi-vendor setups are common precisely because the cheapest adequate model for one task is rarely the same vendor as for another.
Where do these Anthropic and Mistral prices come from?
Each provider’s published rates, as tracked in our pricing index. Blended figures weight input at 70 per cent and output at 30 per cent and are calculated comparison metrics rather than published prices. Counts cover text-generation models only, excluding retired SKUs, embeddings and non-text products.
Go deeper
Other provider matchups
Figures are recomputed on every deploy from the curated catalogue. Prices checked 12 August 2026.