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DeepSeek V3 vs Mistral Small 3.2 24B (Comparative Analysis)

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Comparative Analysis: DeepSeek V3 vs. Mistral Small 3.2 24B
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Overview

DeepSeek V3 was released 5 months before Mistral Small 3.2 24B.
DeepSeek V3DeepSeek V3
Mistral Small 3.2 24BMistral Small 3.2 24B
Model Provider
The organization behind this AI's development
DeepSeek logoDeepSeek
Mistral logoMistral
Input Context Window
Maximum input tokens this model can process at once
163.8K
tokens
256K
tokens
Output Token Limit
Maximum output tokens this model can generate at once
16K
tokens
Not specified
tokens
Release Date
When this model first became publicly available
December 26th, 2024
June 20th, 2025
Knowledge Cutoff
Latest training-data date reported by the provider
July 31, 2024
October 31, 2023

Capabilities & Features

Compare supported features, modalities, and advanced capabilities
DeepSeek V3
Mistral Small 3.2 24B
Input Types
Supported input formats
📝Text
🖼️Image📝Text
Output Types
Supported output formats
📝Text
📝Text
Tokenizer
Text encoding system
DeepSeekMistral
Key Features
Advanced capabilities
Function CallingStructured OutputReasoning ModeContent Moderation
Function CallingStructured OutputReasoning ModeContent Moderation
Open Source
Model availability
Available on HuggingFace →Available on HuggingFace →

Pricing

DeepSeek V3 is roughly 2.0x more expensive compared to Mistral Small 3.2 24B for input tokens and roughly 2.7x more expensive for output tokens.
DeepSeek V3DeepSeek V3
Mistral Small 3.2 24BMistral Small 3.2 24B
Input Token Cost
Cost per million input tokens
$0.20
per million tokens
$0.10
per million tokens
Output Token Cost
Cost per million output tokens
$0.80
per million tokens
$0.30
per million tokens
Cache Read Cost
Cost to reuse cached input tokens
Not specified
$0.01
per million tokens

Benchmarks

Compare relevant benchmarks between DeepSeek V3 and Mistral Small 3.2 24B.
DeepSeek V3DeepSeek V3
Mistral Small 3.2 24BMistral Small 3.2 24B
Best Design Arena Score
Highest human-preference Elo score across design arenas
1,145 Elo
(#63 in 3D (50.7% win rate))
960 Elo
(#101 in Data Viz (43.3% win rate))

At a Glance

Quick overview of what makes DeepSeek V3 and Mistral Small 3.2 24B unique.
DeepSeek logoDeepSeek V3 by DeepSeek can use external tools and APIs, generates structured data. It can handle standard conversations with its 163.8K token context window. Very affordable at $0.20/M input and $0.80/M output tokens. Released December 26th, 2024.
Mistral logoMistral Small 3.2 24B by Mistral understands both text and images, can use external tools and APIs, generates structured data. It can handle standard conversations with its 256K token context window. Very affordable at $0.10/M input and $0.30/M output tokens. Released June 20th, 2025.

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