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GPT-5.4 Mini vs Mistral Small 4

Same usage, official rates, ranked by nothing but price. Both rate cards, the monthly bill at five workloads, and the exact usage mix where the answer flips.

The pricing verdict Mistral Small 4 is cheaper than GPT-5.4 Mini at every input:output mix — there is no usage pattern where GPT-5.4 Mini costs less.

Rate cards

Per 1M tokens GPT-5.4 Mini Mistral Small 4
Input $0.75 $0.15
Cached input $0.07
Output $4.5 $0.60
Context window

Monthly cost at five workloads

Workload Tokens / month GPT-5.4 Mini Mistral Small 4
Prototype 1M in · 0.3M out $2.10 $0.33
Small app 10M in · 3M out $21 $3.30
Production app 50M in · 15M out $105 $16.5
High volume 200M in · 60M out $420 $66
Heavy platform 1B in · 300M out $2,100 $330

Standard on-demand rates from each provider's official pricing page, verified July 2026; figures exclude caching and batch discounts and any long-context surcharges. Price is one input — quality, latency and context limits differ. Confirm live pricing before committing.

Price both at your exact usage GPT-5.4 Mini pricing Mistral Small 4 pricing