DeepSeek V4 Pro 0423 vs Mistral Medium 3.5
API pricing, context window and capabilities for DeepSeek V4 Pro 0423 and Mistral Medium 3.5, side by side. Prices are the cheapest listed serving route per 1M tokens, from LiteLLM and OpenRouter.
Verdict
computed from the published numbersDeepSeek V4 Pro 0423 wins on price, on Terminal-Bench, on intelligence and on context window.
Price
DeepSeek V4 Pro 0423
Terminal-Bench
DeepSeek V4 Pro 0423
Intelligence
DeepSeek V4 Pro 0423
Context window
DeepSeek V4 Pro 0423
Key takeaways
who wins on what, from the published numbersDeepSeek V4 Pro 0423 wins
- Cheaper input ($0.435 vs $1.50 /1M)
- Cheaper output ($0.87 vs $7.50 /1M)
- Larger context window (1M vs 262K)
- Higher max output (1M vs 262K)
- More serving providers (16 vs 4)
- Supports prompt caching
Mistral Medium 3.5 wins
- Supports vision
Cheaper overall
DeepSeek V4 Pro 0423
$0.435 + $0.87 /1M
Larger context
DeepSeek V4 Pro 0423
1M
More providers
DeepSeek V4 Pro 0423
16 providers
Pricing & specs
cheapest listed route · per 1M tokensOn-demand listed rates, OpenRouter routed quotes and Vercel reseller quotes. Enterprise commitments can be materially lower.
| DeepSeek V4 Pro 0423 | Mistral Medium 3.5 | |
|---|---|---|
| Input $/1M | $0.435via Tencent best | $1.50via Mistral |
| Output $/1M | $0.87via Tencent best | $7.50via Mistral |
| Context window | 1M best | 262K |
| Max output | 1M best | 262K |
| Serving providers | 16 best | 4 |
| Date | Released Apr 24, 2026 | Released Apr 30, 2026 |
Benchmarks
Benchmark scores, side by side| DeepSeek V4 Pro 0423 | Mistral Medium 3.5 | |
|---|---|---|
| Intelligence | 30.4 best | 14.2 |
| Terminal-Bench | 65% best | 51% |
| GPQA Diamond | 89% best | 75% |
| Output speed | 100 t/s | 167 t/s best |
| Latency (TTFT) | 1.64s best | 2.21s |
Cost calculator
choose a serving route for each sideInput tokens / month
Output tokens / month
DeepSeek V4 Pro 0423
via Tencent
$3.04
Mistral Medium 3.5
via OpenRouter
$15
Capabilities
feature support, side by side| Feature | DeepSeek V4 Pro 0423 | Mistral Medium 3.5 |
|---|---|---|
| Vision | — | ✓ |
| Tool use | ✓ | ✓ |
| Reasoning | ✓ | ✓ |
| Audio | — | — |
| Prompt caching | ✓ | — |
| Structured output | ✓ | ✓ |
| Web search | — | — |
Related comparisons
Frequently asked questions
Which is cheaper, DeepSeek V4 Pro 0423 or Mistral Medium 3.5?
DeepSeek V4 Pro 0423 is cheaper for input ($0.435 vs $1.50 per 1M tokens) from Tencent. DeepSeek V4 Pro 0423 is cheaper for output ($0.87 vs $7.50 per 1M tokens) from Tencent.
What is the context window difference between DeepSeek V4 Pro 0423 and Mistral Medium 3.5?
DeepSeek V4 Pro 0423 has a 1M-token context window and Mistral Medium 3.5 has 262K tokens, so DeepSeek V4 Pro 0423 can take a larger prompt.
How do DeepSeek V4 Pro 0423 and Mistral Medium 3.5 compare on benchmarks?
On the tracked benchmarks, DeepSeek V4 Pro 0423 leads on Terminal-Bench, and DeepSeek V4 Pro 0423 leads on intelligence.
Listed prices from LiteLLM, OpenRouter and Vercel · last checked Oct 14, 2026
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