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  5. GPT-5.4 NanovsMistral Large 2
Updated Mar 2026

GPT-5.4 NanovsMistral Large 2

GPT-5.4 Nano is cheaper than Mistral Large 2 at $0.2/M vs $8/M input tokens.

GPT-5.4 Nano and Mistral Large 2 compared across 23 shared prompts
SpecGPT-5.4 NanoMistral Large 2
Input price$0.2/M tokens$8/M tokens
Output price$1.25/M tokens$24/M tokens
Context window400K tokens128K tokens
WeightsClosedOpen
Free API (OpenRouter)NoNo
ReleasedMar 2026Jul 2024
Our Verdict
GPT-5.4 Nano
GPT-5.4 Nano
Mistral Large 2
Mistral Large 2

Not enough votes to call it. On the specs, nothing separates them.

GPT-5.4 Nano costs 19x less per token.

Too close to call
API pricing

Cost per 1M tokens

GPT-5.4 Nano
Input
$0.20
40× cheaper
Output
$1.25
19× cheaper
Mistral Large 2
Input
$8.00
Output
$24.00

GPT-5.4 Nano is cheaper on both: 40× input, 19× output.

Where to run it

3 hosts

GPT-5.4 Nano2 hosts
HostInOutContextUptime
Azure AI Foundry$0.20 in·$1.25 out·400k·100% upOpenAI$0.20 in·$1.25 out·400k·97.5% up
Mistral Large 21 host
HostInOutContextUptime
Mistral$2.00 in·$6.00 out·131k·99.9% up

Per million tokens. Prices and uptime via OpenRouter, checked 9 Sep 2026.

Writing DNA

Style Comparison

Similarity
85%

Mistral Large 2 uses 79.6x more emoji

GPT-5.4 Nano
Mistral Large 2
51%Vocabulary43%
21wSentence Length21w
0.58Hedging0.39
7.1Bold14.4
5.5Lists7.4
0.01Emoji0.80
1.39Headings1.41
0.05Transitions0.01
Based on 23 + 10 text responses
Research

What we learned reading every model

FAQ

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