MiniMax vs Mistral API pricing

Checked against the official price pages on 2026-10-14

In short

At 100M input and 20M output tokens a month, the cheapest model from each is MiniMax-M3 (about ¥378 a month) and Mistral Large (about ¥539 a month). MiniMax's entry model is cheaper; Mistral's costs about 1.4 times as much.

The most expensive from each is MiniMax-M2.7 (about ¥378 a month) and Mistral Large (about ¥539 a month). Price says nothing about whether the models are equally capable; weigh it with benchmarks and context length.

For your own usage: API cost calculator

All models

Prices are per million tokens: ¥ is CNY, $ is USD; time-of-day pricing is written peak / off-peak. Monthly cost is in CNY and assumes 100M input and 20M output tokens a month, no cache hits and half of calls at peak hours where that applies, cheapest first. Models priced in USD are converted at 1 USD = 6.733 CNY (PBoC central parity, 2026-10-09).

Model	Input	Cache hit	Output	Monthly (CNY)
MiniMaxMiniMax-M3	¥2.1	¥0.42	¥8.4	378
MiniMaxMiniMax-M2.7	¥2.1	¥0.42	¥8.4	378
Mistral AIMistral Large	$0.5	—	$1.5	539

MiniMax vs Mistral API pricing

In short

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