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DeepSeek V4 Pro 0423 vs Mistral Large 3 2512

DeepSeek V4 Pro 0423 leads Mistral Large 3 2512 on the Artificial Analysis Intelligence Index, 30.4 to 9.3, and Mistral Large 3 2512 costs 1.8x less per output token ($1.50 vs $2.716 per million). Updated October 21, 2026; 22 benchmarks have a result for both.

DeepSeek V4 Pro 0423DeepSeek
Coding
38.7
Overall
30.4
Output $/M
$2.716
20
Mistral Large 3 2512Mistral AI
Coding
No data
Overall
9.3
Output $/M
$1.50
2
vs boards won of 22 shared

DeepSeek V4 Pro 0423 or Mistral Large 3 2512: which to pick

Only DeepSeek V4 Pro 0423 has a coding score, 38.7 on the Vibe Coding Index; Mistral Large 3 2512 has none, so the two cannot be ranked on coding.

Pick Mistral Large 3 2512 for output tokens 1.8x cheaper ($1.50 vs $2.716 per million) and work measured by CaseLaw (Vals AI) or TaxEval (Vals AI), where it leads.

Shared results
22
DeepSeek V4 Pro 0423 only
61
Mistral Large 3 2512 only
6
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 V4 Pro 0423 38.7 from 5 benchmarks, Mistral Large 3 2512 not benchmarked.
Widest category
Coding, 33.0 points apart on average over 4 shared benchmarks.
Widest single gap
AA Coding Index: DeepSeek V4 Pro 0423 59.4 against Mistral Large 3 2512 20.1, 39.3 points apart on a 0 to 100 scale.
Output price
DeepSeek V4 Pro 0423 $2.716 against Mistral Large 3 2512 $1.50 per million output tokens, 1.8x apart.
Context window
DeepSeek V4 Pro 0423 takes 1.05M tokens, Mistral Large 3 2512 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.

Boards won, where both have a result
CategoryDeepSeek V4 Pro 0423BarsMistral Large 3 2512Ties
Coding40
Intelligence10
Agentic work10
Reasoning10
Knowledge32
Web design80
General20
All shared boards202
CodingLike-for-likeSix of these boards feed the Vibe Coding Index40
Coding benchmarks for DeepSeek V4 Pro 0423 and Mistral Large 3 2512
BenchmarkDeepSeek V4 Pro 0423Mistral Large 3 2512Leader
LMArena WebDev1447Not measuredOnly DeepSeek V4 Pro 0423 measured
AA Coding Index59.420.1DeepSeek V4 Pro 0423
LiveCodeBench (Vals AI)87.5%55.3%DeepSeek V4 Pro 0423
SWE-bench Verified (Vals AI)77.4%41.4%DeepSeek V4 Pro 0423
Terminal-Bench 4 (Vals AI)11.1%Not measuredOnly DeepSeek V4 Pro 0423 measured
Vibe Code Bench (Vals AI)49.9%Not measuredOnly DeepSeek V4 Pro 0423 measured
Code migration (Vals AI)26.2%Not measuredOnly DeepSeek V4 Pro 0423 measured
ProgramBench (Vals AI)0.0%Not measuredOnly DeepSeek V4 Pro 0423 measured
Terminal-Bench 2.1 (Vals AI)50.2%Not measuredOnly DeepSeek V4 Pro 0423 measured
SkillsBench (Vals AI)51.3%Not measuredOnly DeepSeek V4 Pro 0423 measured
FrontierCode17.6%Not measuredOnly DeepSeek V4 Pro 0423 measured
WeirdML48.9%Not measuredOnly DeepSeek V4 Pro 0423 measured
ALE-Bench1006.1264.7DeepSeek V4 Pro 0423
LMArena Text: coding1470Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: software and IT1469Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena WebDev: React1441Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena WebDev: HTML1435Not measuredOnly DeepSeek V4 Pro 0423 measured
Neither model has a result on the other 21 boards here
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index10
Intelligence benchmarks for DeepSeek V4 Pro 0423 and Mistral Large 3 2512
BenchmarkDeepSeek V4 Pro 0423Mistral Large 3 2512Leader
AA Intelligence Index30.49.3DeepSeek V4 Pro 0423
Epoch Capabilities Index149.1Not measuredOnly DeepSeek V4 Pro 0423 measured
Agentic workLike-for-likePublic boards, shown as published, kept out of the index10
Agentic work benchmarks for DeepSeek V4 Pro 0423 and Mistral Large 3 2512
BenchmarkDeepSeek V4 Pro 0423Mistral Large 3 2512Leader
AA Agentic Index26.31.0DeepSeek V4 Pro 0423
Design Arena: agents building web apps1000Not measuredOnly DeepSeek V4 Pro 0423 measured
Design Arena: agents building full-stack apps948Not measuredOnly DeepSeek V4 Pro 0423 measured
Design Arena: agents building Godot games1059Not measuredOnly DeepSeek V4 Pro 0423 measured
Finance Agent (Vals AI)44.1%Not measuredOnly DeepSeek V4 Pro 0423 measured
Tax Agent Bench (Vals AI)25.2%Not measuredOnly DeepSeek V4 Pro 0423 measured
Legal Research Bench (Vals AI)23.1%Not measuredOnly DeepSeek V4 Pro 0423 measured
Excel Modeling Benchmark (Vals AI)51.6%Not measuredOnly DeepSeek V4 Pro 0423 measured
Vending-Bench 2$3,285Not measuredOnly DeepSeek V4 Pro 0423 measured
Neither model has a result on the other 30 boards here
ReasoningLike-for-likePublic boards, shown as published, kept out of the index10
Reasoning benchmarks for DeepSeek V4 Pro 0423 and Mistral Large 3 2512
BenchmarkDeepSeek V4 Pro 0423Mistral Large 3 2512Leader
GPQA Diamond89.4%68.4%DeepSeek V4 Pro 0423
MMMU Pro (Vals AI)Not measured66.2%Only Mistral Large 3 2512 measured
GPQA Diamond (Epoch AI run)90.9%Not measuredOnly DeepSeek V4 Pro 0423 measured
Chess puzzles19.0%Not measuredOnly DeepSeek V4 Pro 0423 measured
Mystery game puzzles17.0%Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: hard prompts1461Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: expert1463Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: hard prompts in English1466Not measuredOnly DeepSeek V4 Pro 0423 measured
Neither model has a result on the other 13 boards here
MathDirectional onlyPublic boards, shown as published, kept out of the index8 boards, none shared
Math benchmarks for DeepSeek V4 Pro 0423 and Mistral Large 3 2512
BenchmarkDeepSeek V4 Pro 0423Mistral Large 3 2512Leader
AIMENot measured42.9%Only Mistral Large 3 2512 measured
MGSM (Vals AI)Not measured85.4%Only Mistral Large 3 2512 measured
OTIS Mock AIME96.7%Not measuredOnly DeepSeek V4 Pro 0423 measured
FrontierMath, tiers 1 to 345.3%Not measuredOnly DeepSeek V4 Pro 0423 measured
FrontierMath, tier 42.4%Not measuredOnly DeepSeek V4 Pro 0423 measured
ProofBench16.0%Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: math1443Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: mathematical work1455Not measuredOnly DeepSeek V4 Pro 0423 measured
Neither model has a result on the other 5 boards here
KnowledgeLike-for-likePublic boards, shown as published, kept out of the index32
Knowledge benchmarks for DeepSeek V4 Pro 0423 and Mistral Large 3 2512
BenchmarkDeepSeek V4 Pro 0423Mistral Large 3 2512Leader
MMLU Pro87.3%79.8%DeepSeek V4 Pro 0423
LegalBench (Vals AI)80.3%79.1%DeepSeek V4 Pro 0423
CaseLaw (Vals AI)59.4%61.4%Mistral Large 3 2512
CorpFin (Vals AI)61.4%61.0%DeepSeek V4 Pro 0423
TaxEval (Vals AI)72.1%73.1%Mistral Large 3 2512
MortgageTax (Vals AI)Not measured52.1%Only Mistral Large 3 2512 measured
MedQA (Vals AI)Not measured82.2%Only Mistral Large 3 2512 measured
MedCode (Vals AI)40.5%Not measuredOnly DeepSeek V4 Pro 0423 measured
SimpleQA Verified47.0%Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: science1470Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: medicine and healthcare1466Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: legal and government1464Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: business and finance1443Not measuredOnly DeepSeek V4 Pro 0423 measured
Neither model has a result on the other 4 boards here
Web designLike-for-likePublic boards, shown as published, kept out of the index80
Web design benchmarks for DeepSeek V4 Pro 0423 and Mistral Large 3 2512
BenchmarkDeepSeek V4 Pro 0423Mistral Large 3 2512Leader
Design Arena: websites12341162DeepSeek V4 Pro 0423
Design Arena: UI components12221102DeepSeek V4 Pro 0423
Design Arena: game dev12291080DeepSeek V4 Pro 0423
Design Arena: data viz12031136DeepSeek V4 Pro 0423
Design Arena: 3D12541100DeepSeek V4 Pro 0423
Design Arena: all code categories12401142DeepSeek V4 Pro 0423
Design Arena: SVG1140993DeepSeek V4 Pro 0423
Design Arena: ASCII art11491069DeepSeek V4 Pro 0423
Neither model has a result on the other 1 board here
GeneralLike-for-likePublic boards, shown as published, kept out of the index20
General benchmarks for DeepSeek V4 Pro 0423 and Mistral Large 3 2512
BenchmarkDeepSeek V4 Pro 0423Mistral Large 3 2512Leader
Public Benefits Bench (Vals AI)62.9%Not measuredOnly DeepSeek V4 Pro 0423 measured
SAGE (Vals AI)Not measured24.6%Only Mistral Large 3 2512 measured
MedScribe (Vals AI)75.1%Not measuredOnly DeepSeek V4 Pro 0423 measured
DTBench90.7%65.1%DeepSeek V4 Pro 0423
LMCA41.2%16.7%DeepSeek V4 Pro 0423
Surface Evolver Bench40.0%Not measuredOnly DeepSeek V4 Pro 0423 measured
CL-bench Life13.5%Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text1451Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: instruction following1445Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: creative writing1446Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: English1459Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: non-English1439Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: Chinese1481Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: German1458Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: Japanese1446Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: Korean1409Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: French1473Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: Spanish1457Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: Russian1453Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: Polish1461Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: multi-turn1468Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: longer queries1458Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: writing and language1447Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: entertainment and media1431Not measuredOnly DeepSeek V4 Pro 0423 measured
Neither model has a result on the other 22 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for DeepSeek V4 Pro 0423 and Mistral Large 3 2512
BenchmarkDeepSeek V4 Pro 0423Mistral Large 3 2512Leader
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 V4 Pro 0423$0.0026Fits in one request
Mistral Large 3 2512$0.0013Fits in one request

Mistral Large 3 2512 costs less

Repository review

50K input + 3K output tokens

DeepSeek V4 Pro 0423$0.069Fits in one request
Mistral Large 3 2512$0.029Fits in one request

Mistral Large 3 2512 costs less

Agent loop

200K input + 10K output tokens

DeepSeek V4 Pro 0423$0.272Fits in one request
Mistral Large 3 2512$0.115Fits in one request

Mistral Large 3 2512 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 V4 Pro 0423 and Mistral Large 3 2512
SpecificationDeepSeek V4 Pro 0423Mistral Large 3 2512
MakerDeepSeekMistral AI
WeightsOpen weightsNo public weights listed
ReleasedApril 24, 2026December 1, 2025
Context window1.05M262K
Input $/Mtok$1.225$0.50
Output $/Mtok$2.716$1.50
Coding index38.7Not benchmarked
Independent measurements behind it51
Cost per solved task$0.57$0.77
SourceOpenRouter listingOpenRouter listing

Questions

Is DeepSeek V4 Pro 0423 better than Mistral Large 3 2512 for coding?

Only DeepSeek V4 Pro 0423 has a coding score, 38.7 on the Vibe Coding Index; Mistral Large 3 2512 has none, so the two cannot be ranked on coding. Pick Mistral Large 3 2512 for output tokens 1.8x cheaper ($1.50 vs $2.716 per million) and work measured by CaseLaw (Vals AI) or TaxEval (Vals AI), where it leads.

Which is cheaper, DeepSeek V4 Pro 0423 or Mistral Large 3 2512?

DeepSeek V4 Pro 0423 costs $1.225 per million input tokens and $2.716 per million output tokens; Mistral Large 3 2512 costs $0.50 and $1.50. Per solved SWE-bench Verified task, DeepSeek V4 Pro 0423 costs $0.57 and Mistral Large 3 2512 $0.77.

Which has the bigger context window, DeepSeek V4 Pro 0423 or Mistral Large 3 2512?

DeepSeek V4 Pro 0423, with 1.05M tokens against 262K.

How many benchmarks is the DeepSeek V4 Pro 0423 vs Mistral Large 3 2512 comparison based on?

22 benchmarks have a result for both models as of October 21, 2026. DeepSeek V4 Pro 0423's coding index rests on 5 independent benchmarks and Mistral Large 3 2512's on 1. Where only one model has a result, the page says so instead of naming a winner.

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