DeepSeek V3.2 vs Mistral Small 4
DeepSeek V3.2 leads Mistral Small 4 on the Artificial Analysis Intelligence Index, 21.5 to 11.3, and Mistral Small 4 costs 1.5x less per output token ($0.60 vs $0.88 per million). Updated October 21, 2026; 11 benchmarks have a result for both.
DeepSeek V3.2 or Mistral Small 4: which to pick
Only DeepSeek V3.2 has a coding score, 30.0 on the Vibe Coding Index; Mistral Small 4 has none, so the two cannot be ranked on coding.
Pick Mistral Small 4 for output tokens 1.5x cheaper ($0.60 vs $0.88 per million) and a larger context window (262K against 164K tokens).
- Shared results
- 11
- DeepSeek V3.2 only
- 64
- Mistral Small 4 only
- 3
- Like-for-like categories
- 5 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.
Coding
Vibe Coding Index, six public coding benchmarks
No call
Only DeepSeek V3.2 has a coding score, so no call is made.
One side not measured
Intelligence
AA Intelligence Index
DeepSeek V3.2
DeepSeek V3.2 leads, 21.5 against 11.3.
Same board, both measured
Agentic work
AA Agentic Index
No call
Only Mistral Small 4 has a AA Agentic Index result, 0.8.
Directional only
Reasoning
GPQA Diamond
No call
Only DeepSeek V3.2 has a GPQA Diamond result, 80.3%.
Directional only
Math
AIME
No call
Only DeepSeek V3.2 has a AIME result, 84.6%.
Directional only
Knowledge
MMLU Pro
No call
Only DeepSeek V3.2 has a MMLU Pro result, 84.9%.
Directional only
Web design
Design Arena: websites
No call
Only DeepSeek V3.2 has a Design Arena: websites result, 1175.
Directional only
Long documents
Listed context window
Mistral Small 4
Mistral Small 4 takes 262K tokens against 164K.
Listed by OpenRouter
Everyday cost
1K input + 500 output tokens
Mistral Small 4
DeepSeek V3.2 $0.0007, Mistral Small 4 $0.0004 per turn.
List prices
Cost per solved task
One SWE-bench Verified task, solved
No call
Only DeepSeek V3.2 has the number, $0.99.
Directional only
At a glance
- Coding index
- DeepSeek V3.2 30.0 from 3 benchmarks, Mistral Small 4 not benchmarked.
- Widest category
- Agentic work, 49.4 points apart on average over 1 shared benchmark.
- Widest single gap
- τ²-Bench Telecom: DeepSeek V3.2 90.6% against Mistral Small 4 41.2%, 49.4 points apart on a 0 to 100 scale.
- Output price
- DeepSeek V3.2 $0.88 against Mistral Small 4 $0.60 per million output tokens, 1.5x apart.
- Context window
- DeepSeek V3.2 takes 164K tokens, Mistral Small 4 262K.
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.
| Category | DeepSeek V3.2 | Bars | Mistral Small 4 | Ties |
|---|---|---|---|---|
| Coding | 3 | 0 | ||
| Intelligence | 1 | 0 | ||
| Agentic work | 1 | 0 | ||
| Reasoning | 2 | 0 | ||
| General | 4 | 0 | ||
| All shared boards | 11 | 0 |
CodingLike-for-likeSix of these boards feed the Vibe Coding Index30
| Benchmark | DeepSeek V3.2 | Mistral Small 4 | Leader |
|---|---|---|---|
| SWE-bench Verified | 70.0% | Not measured | Only DeepSeek V3.2 measured |
| SWE-bench Multilingual | 59.0% | Not measured | Only DeepSeek V3.2 measured |
| LMArena WebDev | 1362 | Not measured | Only DeepSeek V3.2 measured |
| AA Coding Index | 44.2 | 26.6 | DeepSeek V3.2 |
| LiveCodeBench (Vals AI) | 80.7% | Not measured | Only DeepSeek V3.2 measured |
| SWE-bench Verified (Vals AI) | 67.6% | Not measured | Only DeepSeek V3.2 measured |
| Vibe Code Bench (Vals AI) | 5.1% | 0.0% | DeepSeek V3.2 |
| LiveCodeBench (Artificial Analysis run) | 86.2% | Not measured | Only DeepSeek V3.2 measured |
| SciCode | Not measured | 38.8% | Only Mistral Small 4 measured |
| Terminal-Bench Hard (Artificial Analysis run) | 35.6% | 17.4% | DeepSeek V3.2 |
| Terminal-Bench | 39.6% | Not measured | Only DeepSeek V3.2 measured |
| ALE-Bench | Not measured | 497.6 | Only Mistral Small 4 measured |
| LMArena Text: coding | 1453 | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: software and IT | 1449 | Not measured | Only DeepSeek V3.2 measured |
| LMArena WebDev: React | 1350 | Not measured | Only DeepSeek V3.2 measured |
| LMArena WebDev: HTML | 1371 | Not measured | Only DeepSeek V3.2 measured |
| Neither model has a result on the other 22 boards here | |||
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index10
| Benchmark | DeepSeek V3.2 | Mistral Small 4 | Leader |
|---|---|---|---|
| AA Intelligence Index | 21.5 | 11.3 | DeepSeek V3.2 |
| Epoch Capabilities Index | 146.1 | Not measured | Only DeepSeek V3.2 measured |
Agentic workLike-for-likePublic boards, shown as published, kept out of the index10
| Benchmark | DeepSeek V3.2 | Mistral Small 4 | Leader |
|---|---|---|---|
| AA Agentic Index | Not measured | 0.8 | Only Mistral Small 4 measured |
| τ²-Bench Telecom | 90.6% | 41.2% | DeepSeek V3.2 |
| APEX-Agents | 21.3% | Not measured | Only DeepSeek V3.2 measured |
| Vending-Bench 2 | $1,034 | Not measured | Only DeepSeek V3.2 measured |
| Neither model has a result on the other 35 boards here | |||
ReasoningLike-for-likePublic boards, shown as published, kept out of the index20
| Benchmark | DeepSeek V3.2 | Mistral Small 4 | Leader |
|---|---|---|---|
| GPQA Diamond | 80.3% | Not measured | Only DeepSeek V3.2 measured |
| GPQA Diamond (Artificial Analysis run) | 84.0% | 76.9% | DeepSeek V3.2 |
| Humanity's Last Exam (Artificial Analysis run) | 24.6% | 9.9% | DeepSeek V3.2 |
| ARC-AGI | 57.0% | Not measured | Only DeepSeek V3.2 measured |
| ARC-AGI-2 | 4.0% | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: hard prompts | 1434 | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: expert | 1436 | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: hard prompts in English | 1446 | Not measured | Only DeepSeek V3.2 measured |
| Neither model has a result on the other 13 boards here | |||
MathDirectional onlyPublic boards, shown as published, kept out of the index6 boards, none shared
| Benchmark | DeepSeek V3.2 | Mistral Small 4 | Leader |
|---|---|---|---|
| AIME | 84.6% | Not measured | Only DeepSeek V3.2 measured |
| MGSM (Vals AI) | 86.0% | Not measured | Only DeepSeek V3.2 measured |
| AA Math Index | 92.0 | Not measured | Only DeepSeek V3.2 measured |
| AIME 2025 (Artificial Analysis run) | 92.0% | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: math | 1435 | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: mathematical work | 1440 | Not measured | Only DeepSeek V3.2 measured |
| Neither model has a result on the other 7 boards here | |||
KnowledgeDirectional onlyPublic boards, shown as published, kept out of the index11 boards, none shared
| Benchmark | DeepSeek V3.2 | Mistral Small 4 | Leader |
|---|---|---|---|
| MMLU Pro | 84.9% | Not measured | Only DeepSeek V3.2 measured |
| LegalBench (Vals AI) | 76.1% | Not measured | Only DeepSeek V3.2 measured |
| CaseLaw (Vals AI) | 55.4% | Not measured | Only DeepSeek V3.2 measured |
| CorpFin (Vals AI) | 51.0% | Not measured | Only DeepSeek V3.2 measured |
| TaxEval (Vals AI) | 68.2% | Not measured | Only DeepSeek V3.2 measured |
| MedQA (Vals AI) | 93.9% | Not measured | Only DeepSeek V3.2 measured |
| MMLU Pro (Artificial Analysis run) | 86.2% | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: science | 1446 | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: medicine and healthcare | 1440 | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: legal and government | 1425 | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: business and finance | 1410 | Not measured | Only DeepSeek V3.2 measured |
| Neither model has a result on the other 6 boards here | |||
Web designDirectional onlyPublic boards, shown as published, kept out of the index8 boards, none shared
| Benchmark | DeepSeek V3.2 | Mistral Small 4 | Leader |
|---|---|---|---|
| Design Arena: websites | 1175 | Not measured | Only DeepSeek V3.2 measured |
| Design Arena: UI components | 1149 | Not measured | Only DeepSeek V3.2 measured |
| Design Arena: game dev | 1132 | Not measured | Only DeepSeek V3.2 measured |
| Design Arena: data viz | 1158 | Not measured | Only DeepSeek V3.2 measured |
| Design Arena: 3D | 1133 | Not measured | Only DeepSeek V3.2 measured |
| Design Arena: all code categories | 1164 | Not measured | Only DeepSeek V3.2 measured |
| Design Arena: SVG | 1032 | Not measured | Only DeepSeek V3.2 measured |
| Design Arena: ASCII art | 1083 | Not measured | Only DeepSeek V3.2 measured |
| Neither model has a result on the other 1 board here | |||
GeneralLike-for-likePublic boards, shown as published, kept out of the index40
| Benchmark | DeepSeek V3.2 | Mistral Small 4 | Leader |
|---|---|---|---|
| IFBench | 60.7% | 48.2% | DeepSeek V3.2 |
| Long context reasoning (AA-LCR) | 73.3% | 49.7% | DeepSeek V3.2 |
| DTBench | 85.6% | 70.9% | DeepSeek V3.2 |
| LMCA | 28.8% | 20.6% | DeepSeek V3.2 |
| CL-bench | 12.4% | Not measured | Only DeepSeek V3.2 measured |
| CL-bench Life | 7.4% | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text | 1425 | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: instruction following | 1413 | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: creative writing | 1400 | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: English | 1439 | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: non-English | 1409 | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: Chinese | 1455 | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: German | 1413 | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: Japanese | 1374 | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: Korean | 1370 | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: French | 1429 | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: Spanish | 1424 | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: Russian | 1424 | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: Polish | 1419 | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: multi-turn | 1427 | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: longer queries | 1428 | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: writing and language | 1407 | Not measured | Only DeepSeek V3.2 measured |
| LMArena Text: entertainment and media | 1395 | Not measured | Only DeepSeek V3.2 measured |
| Neither model has a result on the other 23 boards here | |||
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
| Benchmark | DeepSeek V3.2 | Mistral Small 4 | Leader |
|---|---|---|---|
| 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
Mistral Small 4 costs less
Repository review
50K input + 3K output tokens
Mistral Small 4 costs less
Agent loop
200K input + 10K output tokens
Mistral Small 4 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.
| Specification | DeepSeek V3.2 | Mistral Small 4 |
|---|---|---|
| Maker | DeepSeek | Mistral AI |
| Weights | Open weights | Open weights |
| Released | December 1, 2025 | March 16, 2026 |
| Context window | 164K | 262K |
| Input $/Mtok | $0.29 | $0.15 |
| Output $/Mtok | $0.88 | $0.60 |
| Coding index | 30.0 | Not benchmarked |
| Independent measurements behind it | 3 | 1 |
| Cost per solved task | $0.99 | Not computable |
| Source | OpenRouter listing | OpenRouter listing |
Questions
Is DeepSeek V3.2 better than Mistral Small 4 for coding?
Only DeepSeek V3.2 has a coding score, 30.0 on the Vibe Coding Index; Mistral Small 4 has none, so the two cannot be ranked on coding. Pick Mistral Small 4 for output tokens 1.5x cheaper ($0.60 vs $0.88 per million) and a larger context window (262K against 164K tokens).
Which is cheaper, DeepSeek V3.2 or Mistral Small 4?
DeepSeek V3.2 costs $0.29 per million input tokens and $0.88 per million output tokens; Mistral Small 4 costs $0.15 and $0.60. Cost per solved task is known for DeepSeek V3.2 only.
Which has the bigger context window, DeepSeek V3.2 or Mistral Small 4?
Mistral Small 4, with 262K tokens against 164K.
How many benchmarks is the DeepSeek V3.2 vs Mistral Small 4 comparison based on?
11 benchmarks have a result for both models as of October 21, 2026. DeepSeek V3.2's coding index rests on 3 independent benchmarks and Mistral Small 4's on 1. Where only one model has a result, the page says so instead of naming a winner.