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DeepSeek V3.2 Exp vs Mistral Large 4

Mistral Large 4 leads DeepSeek V3.2 Exp on the Artificial Analysis Intelligence Index, 38.4 to 16.6, and DeepSeek V3.2 Exp costs 10.2x less per output token ($0.41 vs $4.18 per million). Updated October 22, 2026; 40 benchmarks have a result for both.

DeepSeek V3.2 ExpDeepSeek
Coding
No data
Overall
No data
Output $/M
$0.41
6
Mistral Large 4Mistral AI
Coding
56.4
Overall
54.6
Output $/M
$4.18
34
vs boards won of 40 shared

DeepSeek V3.2 Exp or Mistral Large 4: which to pick

Only Mistral Large 4 has a coding score, 56.4 on the Vibe Coding Index; DeepSeek V3.2 Exp has none, so the two cannot be ranked on coding.

Pick DeepSeek V3.2 Exp for output tokens 10.2x cheaper ($0.41 vs $4.18 per million) and work measured by LMArena Text: hard prompts in English or LMArena Text: medicine and healthcare, where it leads.

Shared results
40
DeepSeek V3.2 Exp only
19
Mistral Large 4 only
41
Like-for-like categories
7 of 9

Only benchmarks that tested both models count toward a pick; a result only one model has is shown but not compared.

Which one for your work

Each card is decided by one number both models carry. Where only one has it, the card says so and makes no call.

At a glance

Coding index
DeepSeek V3.2 Exp not benchmarked, Mistral Large 4 56.4 from 5 benchmarks.
Widest category
Coding, 21.1 points apart on average over 4 shared benchmarks.
Widest single gap
LMArena WebDev: DeepSeek V3.2 Exp 1272 against Mistral Large 4 1543, 38.7 points apart on a 0 to 100 scale.
Output price
DeepSeek V3.2 Exp $0.41 against Mistral Large 4 $4.18 per million output tokens, 10.2x apart.
Context window
DeepSeek V3.2 Exp takes 164K tokens, Mistral Large 4 1.05M.

Benchmark by benchmark

First the score: boards each model leads, per category, where both have a result. Then every board, a category to a fold; bars are each result on a 0 to 100 scale, so compare the two in a row, not one row with another.

Boards won, where both have a result
CategoryDeepSeek V3.2 ExpBarsMistral Large 4Ties
Coding04
Intelligence02
Reasoning13
Math02
Knowledge13
Web design07
General413
All shared boards634
CodingLike-for-likeSix of these boards feed the Vibe Coding Index04
Coding benchmarks for DeepSeek V3.2 Exp and Mistral Large 4
BenchmarkDeepSeek V3.2 ExpMistral Large 4Leader
Aider polyglot74.2%Not measuredOnly DeepSeek V3.2 Exp measured
LiveBench codingNot measured60.0%Only Mistral Large 4 measured
LMArena WebDev12721543Mistral Large 4
Terminal-Bench 4 (Vals AI)Not measured27.8%Only Mistral Large 4 measured
Vibe Code Bench (Vals AI)Not measured78.4%Only Mistral Large 4 measured
Code migration (Vals AI)Not measured30.6%Only Mistral Large 4 measured
IOI (Vals AI)Not measured45.3%Only Mistral Large 4 measured
SWE-bench Multimodal (Vals AI)Not measured33.1%Only Mistral Large 4 measured
Vibe Code Bench 1-100 (Vals AI)Not measured14.3%Only Mistral Large 4 measured
LiveCodeBench (Artificial Analysis run)78.9%Not measuredOnly DeepSeek V3.2 Exp measured
SciCodeNot measured54.2%Only Mistral Large 4 measured
Terminal-Bench Hard (Artificial Analysis run)31.1%Not measuredOnly DeepSeek V3.2 Exp measured
FrontierCodeNot measured39.4%Only Mistral Large 4 measured
WeirdML39.5%Not measuredOnly DeepSeek V3.2 Exp measured
ALE-BenchNot measured1213.2Only Mistral Large 4 measured
LMArena Text: coding14381478Mistral Large 4
LMArena Text: software and IT14381467Mistral Large 4
LMArena WebDev: ReactNot measured1559Only Mistral Large 4 measured
LMArena WebDev: HTML12811487Mistral Large 4
Neither model has a result on the other 20 boards here
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index02
Intelligence benchmarks for DeepSeek V3.2 Exp and Mistral Large 4
BenchmarkDeepSeek V3.2 ExpMistral Large 4Leader
AA Intelligence Index16.638.4Mistral Large 4
Epoch Capabilities Index144.9150.0Mistral Large 4
Agentic workDirectional onlyPublic boards, shown as published, kept out of the index12 boards, none shared
Agentic work benchmarks for DeepSeek V3.2 Exp and Mistral Large 4
BenchmarkDeepSeek V3.2 ExpMistral Large 4Leader
LiveBench researchNot measured28.1%Only Mistral Large 4 measured
LiveBench browserNot measured8.0%Only Mistral Large 4 measured
LiveBench long agenticNot measured11.8%Only Mistral Large 4 measured
Finance Agent (Vals AI)Not measured54.7%Only Mistral Large 4 measured
Tax Agent Bench (Vals AI)Not measured30.4%Only Mistral Large 4 measured
Legal Research Bench (Vals AI)Not measured31.7%Only Mistral Large 4 measured
Harvey's Legal Agent Benchmark (Vals AI)Not measured17.5%Only Mistral Large 4 measured
Excel Modeling Benchmark (Vals AI)Not measured56.2%Only Mistral Large 4 measured
BioMysteryBench (Vals AI)Not measured67.0%Only Mistral Large 4 measured
τ²-Bench Telecom33.9%Not measuredOnly DeepSeek V3.2 Exp measured
TheAgentCompany42.9%Not measuredOnly DeepSeek V3.2 Exp measured
Berkeley Function Calling Leaderboard (BFCL)56.7%Not measuredOnly DeepSeek V3.2 Exp measured
Neither model has a result on the other 29 boards here
ReasoningLike-for-likePublic boards, shown as published, kept out of the index13
Reasoning benchmarks for DeepSeek V3.2 Exp and Mistral Large 4
BenchmarkDeepSeek V3.2 ExpMistral Large 4Leader
LiveBench reasoningNot measured83.9%Only Mistral Large 4 measured
MysteryMechanism (Vals AI)Not measured12.2%Only Mistral Large 4 measured
GPQA Diamond (Artificial Analysis run)79.7%Not measuredOnly DeepSeek V3.2 Exp measured
Humanity's Last Exam (Artificial Analysis run)14.9%35.0%Mistral Large 4
GPQA Diamond (Epoch AI run)Not measured88.1%Only Mistral Large 4 measured
Chess puzzlesNot measured33.0%Only Mistral Large 4 measured
Mystery game puzzlesNot measured17.0%Only Mistral Large 4 measured
LMArena Text: hard prompts14291444Mistral Large 4
LMArena Text: expert14221444Mistral Large 4
LMArena Text: hard prompts in English14441442DeepSeek V3.2 Exp
LMArena Vision: diagramsNot measured1288Only Mistral Large 4 measured
Kagi LLM Benchmark52.2%Not measuredOnly DeepSeek V3.2 Exp measured
Neither model has a result on the other 10 boards here
MathLike-for-likePublic boards, shown as published, kept out of the index02
Math benchmarks for DeepSeek V3.2 Exp and Mistral Large 4
BenchmarkDeepSeek V3.2 ExpMistral Large 4Leader
AA Math Index87.7Not measuredOnly DeepSeek V3.2 Exp measured
AIME 2025 (Artificial Analysis run)87.7%Not measuredOnly DeepSeek V3.2 Exp measured
OTIS Mock AIMENot measured98.3%Only Mistral Large 4 measured
FrontierMath, tiers 1 to 3Not measured58.6%Only Mistral Large 4 measured
FrontierMath, tier 4Not measured26.8%Only Mistral Large 4 measured
ProofBenchNot measured10.0%Only Mistral Large 4 measured
LMArena Text: math14221469Mistral Large 4
LMArena Text: mathematical work14331462Mistral Large 4
Neither model has a result on the other 5 boards here
KnowledgeLike-for-likePublic boards, shown as published, kept out of the index13
Knowledge benchmarks for DeepSeek V3.2 Exp and Mistral Large 4
BenchmarkDeepSeek V3.2 ExpMistral Large 4Leader
MedCode (Vals AI)Not measured40.7%Only Mistral Large 4 measured
MMLU Pro (Artificial Analysis run)85.0%Not measuredOnly DeepSeek V3.2 Exp measured
SimpleQA VerifiedNot measured20.0%Only Mistral Large 4 measured
LMArena Text: science14431448Mistral Large 4
LMArena Text: medicine and healthcare14681433DeepSeek V3.2 Exp
LMArena Text: legal and government14191425Mistral Large 4
LMArena Text: business and finance14121439Mistral Large 4
Neither model has a result on the other 11 boards here
Web designLike-for-likePublic boards, shown as published, kept out of the index07
Web design benchmarks for DeepSeek V3.2 Exp and Mistral Large 4
BenchmarkDeepSeek V3.2 ExpMistral Large 4Leader
Design Arena: websites11781257Mistral Large 4
Design Arena: UI components11641272Mistral Large 4
Design Arena: game dev11441225Mistral Large 4
Design Arena: data viz11521275Mistral Large 4
Design Arena: 3D11481252Mistral Large 4
Design Arena: all code categories11701259Mistral Large 4
Design Arena: SVG10311232Mistral Large 4
Design Arena: ASCII artNot measured1202Only Mistral Large 4 measured
LiveBench designNot measured65.6%Only Mistral Large 4 measured
GeneralLike-for-likePublic boards, shown as published, kept out of the index413
General benchmarks for DeepSeek V3.2 Exp and Mistral Large 4
BenchmarkDeepSeek V3.2 ExpMistral Large 4Leader
LiveBench data analysisNot measured76.5%Only Mistral Large 4 measured
MedScribe (Vals AI)Not measured80.4%Only Mistral Large 4 measured
IFBench54.1%Not measuredOnly DeepSeek V3.2 Exp measured
Long context reasoning (AA-LCR)72.3%81.3%Mistral Large 4
DTBench87.7%88.2%Mistral Large 4
LMCA29.1%35.8%Mistral Large 4
Fiction.LiveBench83.3%Not measuredOnly DeepSeek V3.2 Exp measured
CL-bench13.2%Not measuredOnly DeepSeek V3.2 Exp measured
Surface Evolver BenchNot measured28.1%Only Mistral Large 4 measured
Furniture assemblyNot measured20.8%Only Mistral Large 4 measured
CL-bench Life9.5%Not measuredOnly DeepSeek V3.2 Exp measured
LMArena Text14251431Mistral Large 4
LMArena Text: instruction following14011422Mistral Large 4
LMArena Text: creative writing14041363DeepSeek V3.2 Exp
LMArena VisionNot measured1272Only Mistral Large 4 measured
LMArena Text: English14411433DeepSeek V3.2 Exp
LMArena Text: non-English14041422Mistral Large 4
LMArena Text: Chinese14611492Mistral Large 4
LMArena Text: German1440Not measuredOnly DeepSeek V3.2 Exp measured
LMArena Text: Japanese13311415Mistral Large 4
LMArena Text: Korean1372Not measuredOnly DeepSeek V3.2 Exp measured
LMArena Text: French14341492Mistral Large 4
LMArena Text: Spanish14411455Mistral Large 4
LMArena Text: Russian14121417Mistral Large 4
LMArena Text: Polish1435Not measuredOnly DeepSeek V3.2 Exp measured
LMArena Text: multi-turn14221435Mistral Large 4
LMArena Text: longer queries14181428Mistral Large 4
LMArena Text: writing and language14071386DeepSeek V3.2 Exp
LMArena Text: entertainment and media14071378DeepSeek V3.2 Exp
LMArena Vision: EnglishNot measured1283Only Mistral Large 4 measured
LMArena Vision: reading textNot measured1284Only Mistral Large 4 measured
Neither model has a result on the other 15 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for DeepSeek V3.2 Exp and Mistral Large 4
BenchmarkDeepSeek V3.2 ExpMistral Large 4Leader
Neither model has a result on 5 boards here

What each workload costs

Three fixed token mixes at each model's listed price, so per-token rates become a bill.

Chat turn

1K input + 500 output tokens

DeepSeek V3.2 Exp$0.0005Fits in one request
Mistral Large 4$0.0034Fits in one request

DeepSeek V3.2 Exp costs less

Repository review

50K input + 3K output tokens

DeepSeek V3.2 Exp$0.015Fits in one request
Mistral Large 4$0.081Fits in one request

DeepSeek V3.2 Exp costs less

Agent loop

200K input + 10K output tokens

DeepSeek V3.2 Exp$0.058Exceeds the context window
Mistral Large 4$0.314Fits in one request

DeepSeek V3.2 Exp costs less

Listed OpenRouter rates, without cache or batch discounts. A workload that does not fit a model's context window would need splitting.

Specification differences

The leading value in a row is marked; a row with a missing value names no leader. Our two rows are marked in red.

Specifications of DeepSeek V3.2 Exp and Mistral Large 4
SpecificationDeepSeek V3.2 ExpMistral Large 4
MakerDeepSeekMistral AI
WeightsOpen weightsNo public weights listed
ReleasedSeptember 29, 2025October 6, 2026
Context window164K1.05M
Input $/Mtok$0.27$1.36
Output $/Mtok$0.41$4.18
Coding indexNot benchmarked56.4
Independent measurements behind it15
Cost per solved taskNot computableNot computable
SourceOpenRouter listingOpenRouter listing

Questions

Is DeepSeek V3.2 Exp better than Mistral Large 4 for coding?

Only Mistral Large 4 has a coding score, 56.4 on the Vibe Coding Index; DeepSeek V3.2 Exp has none, so the two cannot be ranked on coding. Pick DeepSeek V3.2 Exp for output tokens 10.2x cheaper ($0.41 vs $4.18 per million) and work measured by LMArena Text: hard prompts in English or LMArena Text: medicine and healthcare, where it leads.

Which is cheaper, DeepSeek V3.2 Exp or Mistral Large 4?

DeepSeek V3.2 Exp costs $0.27 per million input tokens and $0.41 per million output tokens; Mistral Large 4 costs $1.36 and $4.18. Cost per solved task is known for neither of them.

Which has the bigger context window, DeepSeek V3.2 Exp or Mistral Large 4?

Mistral Large 4, with 1.05M tokens against 164K.

How many benchmarks is the DeepSeek V3.2 Exp vs Mistral Large 4 comparison based on?

40 benchmarks have a result for both models as of October 22, 2026. DeepSeek V3.2 Exp's coding index rests on 1 independent benchmark and Mistral Large 4's on 5. Where only one model has a result, the page says so instead of naming a winner.

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