Mistral Large 3 2512 vs Qwen3 Coder Next
Mistral Large 3 2512 leads Qwen3 Coder Next on the Artificial Analysis Intelligence Index, 9.3 to 9.2, and Qwen3 Coder Next costs 1.9x less per output token ($0.80 vs $1.50 per million). Updated October 21, 2026; 3 benchmarks have a result for both.
Mistral Large 3 2512 or Qwen3 Coder Next: which to pick
Neither model has a coding score yet, so the two cannot be ranked on coding.
Pick Mistral Large 3 2512 for work measured by AA Coding Index, where it leads.
- Shared results
- 3
- Mistral Large 3 2512 only
- 25
- Qwen3 Coder Next only
- 8
- Like-for-like categories
- 3 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
Neither has a coding score yet.
One side not measured
Intelligence
AA Intelligence Index
Mistral Large 3 2512
Mistral Large 3 2512 leads, 9.3 against 9.2.
Same board, both measured
Agentic work
AA Agentic Index
Mistral Large 3 2512
Mistral Large 3 2512 leads, 1.0 against 0.9.
Same board, both measured
Reasoning
GPQA Diamond
No call
Only Mistral Large 3 2512 has a GPQA Diamond result, 68.4%.
Directional only
Math
AIME
No call
Only Mistral Large 3 2512 has a AIME result, 42.9%.
Directional only
Knowledge
MMLU Pro
No call
Only Mistral Large 3 2512 has a MMLU Pro result, 79.8%.
Directional only
Web design
Design Arena: websites
No call
Only Mistral Large 3 2512 has a Design Arena: websites result, 1162.
Directional only
Long documents
Listed context window
No call
Both take 262K tokens.
Listed by OpenRouter
Everyday cost
1K input + 500 output tokens
Qwen3 Coder Next
Mistral Large 3 2512 $0.0013, Qwen3 Coder Next $0.0005 per turn.
List prices
Cost per solved task
One SWE-bench Verified task, solved
No call
Only Mistral Large 3 2512 has the number, $0.77.
Directional only
At a glance
- Coding index
- Mistral Large 3 2512 not benchmarked, Qwen3 Coder Next not benchmarked.
- Widest category
- Coding, 16.1 points apart on average over 1 shared benchmark.
- Widest single gap
- AA Coding Index: Mistral Large 3 2512 20.1 against Qwen3 Coder Next 36.2, 16.1 points apart on a 0 to 100 scale.
- Output price
- Mistral Large 3 2512 $1.50 against Qwen3 Coder Next $0.80 per million output tokens, 1.9x apart.
- Context window
- Both take 262K tokens.
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 | Mistral Large 3 2512 | Bars | Qwen3 Coder Next | Ties |
|---|---|---|---|---|
| Coding | 0 | 1 | ||
| Intelligence | 1 | 0 | ||
| Agentic work | 1 | 0 | ||
| All shared boards | 2 | 1 |
CodingLike-for-likeSix of these boards feed the Vibe Coding Index01
| Benchmark | Mistral Large 3 2512 | Qwen3 Coder Next | Leader |
|---|---|---|---|
| AA Coding Index | 20.1 | 36.2 | Qwen3 Coder Next |
| LiveCodeBench (Vals AI) | 55.3% | Not measured | Only Mistral Large 3 2512 measured |
| SWE-bench Verified (Vals AI) | 41.4% | Not measured | Only Mistral Large 3 2512 measured |
| SciCode | Not measured | 36.2% | Only Qwen3 Coder Next measured |
| Terminal-Bench Hard (Artificial Analysis run) | Not measured | 18.2% | Only Qwen3 Coder Next measured |
| WeirdML | Not measured | 34.4% | Only Qwen3 Coder Next measured |
| ALE-Bench | 264.7 | Not measured | Only Mistral Large 3 2512 measured |
| Neither model has a result on the other 31 boards here | |||
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index10
| Benchmark | Mistral Large 3 2512 | Qwen3 Coder Next | Leader |
|---|---|---|---|
| AA Intelligence Index | 9.3 | 9.2 | Mistral Large 3 2512 |
| Neither model has a result on the other 1 board here | |||
Agentic workLike-for-likePublic boards, shown as published, kept out of the index10
| Benchmark | Mistral Large 3 2512 | Qwen3 Coder Next | Leader |
|---|---|---|---|
| AA Agentic Index | 1.0 | 0.9 | Mistral Large 3 2512 |
| τ²-Bench Telecom | Not measured | 79.5% | Only Qwen3 Coder Next measured |
| Neither model has a result on the other 37 boards here | |||
ReasoningDirectional onlyPublic boards, shown as published, kept out of the index4 boards, none shared
| Benchmark | Mistral Large 3 2512 | Qwen3 Coder Next | Leader |
|---|---|---|---|
| GPQA Diamond | 68.4% | Not measured | Only Mistral Large 3 2512 measured |
| MMMU Pro (Vals AI) | 66.2% | Not measured | Only Mistral Large 3 2512 measured |
| GPQA Diamond (Artificial Analysis run) | Not measured | 73.7% | Only Qwen3 Coder Next measured |
| Humanity's Last Exam (Artificial Analysis run) | Not measured | 10.1% | Only Qwen3 Coder Next measured |
| Neither model has a result on the other 17 boards here | |||
MathDirectional onlyPublic boards, shown as published, kept out of the index2 boards, none shared
| Benchmark | Mistral Large 3 2512 | Qwen3 Coder Next | Leader |
|---|---|---|---|
| AIME | 42.9% | Not measured | Only Mistral Large 3 2512 measured |
| MGSM (Vals AI) | 85.4% | Not measured | Only Mistral Large 3 2512 measured |
| Neither model has a result on the other 11 boards here | |||
KnowledgeDirectional onlyPublic boards, shown as published, kept out of the index7 boards, none shared
| Benchmark | Mistral Large 3 2512 | Qwen3 Coder Next | Leader |
|---|---|---|---|
| MMLU Pro | 79.8% | Not measured | Only Mistral Large 3 2512 measured |
| LegalBench (Vals AI) | 79.1% | Not measured | Only Mistral Large 3 2512 measured |
| CaseLaw (Vals AI) | 61.4% | Not measured | Only Mistral Large 3 2512 measured |
| CorpFin (Vals AI) | 61.0% | Not measured | Only Mistral Large 3 2512 measured |
| TaxEval (Vals AI) | 73.1% | Not measured | Only Mistral Large 3 2512 measured |
| MortgageTax (Vals AI) | 52.1% | Not measured | Only Mistral Large 3 2512 measured |
| MedQA (Vals AI) | 82.2% | Not measured | Only Mistral Large 3 2512 measured |
| Neither model has a result on the other 10 boards here | |||
Web designDirectional onlyPublic boards, shown as published, kept out of the index8 boards, none shared
| Benchmark | Mistral Large 3 2512 | Qwen3 Coder Next | Leader |
|---|---|---|---|
| Design Arena: websites | 1162 | Not measured | Only Mistral Large 3 2512 measured |
| Design Arena: UI components | 1102 | Not measured | Only Mistral Large 3 2512 measured |
| Design Arena: game dev | 1080 | Not measured | Only Mistral Large 3 2512 measured |
| Design Arena: data viz | 1136 | Not measured | Only Mistral Large 3 2512 measured |
| Design Arena: 3D | 1100 | Not measured | Only Mistral Large 3 2512 measured |
| Design Arena: all code categories | 1142 | Not measured | Only Mistral Large 3 2512 measured |
| Design Arena: SVG | 993 | Not measured | Only Mistral Large 3 2512 measured |
| Design Arena: ASCII art | 1069 | Not measured | Only Mistral Large 3 2512 measured |
| Neither model has a result on the other 1 board here | |||
GeneralDirectional onlyPublic boards, shown as published, kept out of the index5 boards, none shared
| Benchmark | Mistral Large 3 2512 | Qwen3 Coder Next | Leader |
|---|---|---|---|
| SAGE (Vals AI) | 24.6% | Not measured | Only Mistral Large 3 2512 measured |
| IFBench | Not measured | 35.2% | Only Qwen3 Coder Next measured |
| Long context reasoning (AA-LCR) | Not measured | 47.0% | Only Qwen3 Coder Next measured |
| DTBench | 65.1% | Not measured | Only Mistral Large 3 2512 measured |
| LMCA | 16.7% | Not measured | Only Mistral Large 3 2512 measured |
| Neither model has a result on the other 41 boards here | |||
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
| Benchmark | Mistral Large 3 2512 | Qwen3 Coder Next | 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
Qwen3 Coder Next costs less
Repository review
50K input + 3K output tokens
Qwen3 Coder Next costs less
Agent loop
200K input + 10K output tokens
Qwen3 Coder Next 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 | Mistral Large 3 2512 | Qwen3 Coder Next |
|---|---|---|
| Maker | Mistral AI | Qwen |
| Weights | No public weights listed | Open weights |
| Released | December 1, 2025 | February 4, 2026 |
| Context window | 262K | 262K |
| Input $/Mtok | $0.50 | $0.12 |
| Output $/Mtok | $1.50 | $0.80 |
| Coding index | Not benchmarked | Not benchmarked |
| Independent measurements behind it | 1 | 0 |
| Cost per solved task | $0.77 | Not computable |
| Source | OpenRouter listing | OpenRouter listing |
Questions
Is Mistral Large 3 2512 better than Qwen3 Coder Next for coding?
Neither model has a coding score yet, so the two cannot be ranked on coding. Pick Mistral Large 3 2512 for work measured by AA Coding Index, where it leads.
Which is cheaper, Mistral Large 3 2512 or Qwen3 Coder Next?
Mistral Large 3 2512 costs $0.50 per million input tokens and $1.50 per million output tokens; Qwen3 Coder Next costs $0.12 and $0.80. Cost per solved task is known for Mistral Large 3 2512 only.
Which has the bigger context window, Mistral Large 3 2512 or Qwen3 Coder Next?
Neither: both take 262K tokens.
How many benchmarks is the Mistral Large 3 2512 vs Qwen3 Coder Next comparison based on?
3 benchmarks have a result for both models as of October 21, 2026. Mistral Large 3 2512's coding index rests on 1 independent benchmark and Qwen3 Coder Next's on 0. Where only one model has a result, the page says so instead of naming a winner.