Mistral Large 3 2512 vs Fugu Max
Mistral Large 3 2512 costs 4.0x less per output token than Fugu Max ($1.50 vs $6.00 per million). Updated October 23, 2026; no benchmark has tested both models yet.
- Coding
- No data
- Overall
- No data
- Output $/M
- $1.50
- Coding
- No data
- Overall
- No data
- Output $/M
- $6.00
Mistral Large 3 2512 or Fugu Max: which to pick
Neither model has a coding score yet, so the two cannot be ranked on coding.
Pick Mistral Large 3 2512 for output tokens 4.0x cheaper ($1.50 vs $6.00 per million).
No benchmark has tested both yet. Mistral Large 3 2512 has results on AA Coding Index, LiveCodeBench (Vals AI) and SWE-bench Verified (Vals AI); Fugu Max has none yet. Compare them on price and context instead.
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
No call
Only Mistral Large 3 2512 has a AA Intelligence Index result, 9.3.
Directional only
Agentic work
AA Agentic Index
No call
Only Mistral Large 3 2512 has a AA Agentic Index result, 1.0.
Directional only
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
Fugu Max
Fugu Max takes 1M tokens against 262K.
Listed by OpenRouter
Everyday cost
1K input + 500 output tokens
Mistral Large 3 2512
Mistral Large 3 2512 $0.0013, Fugu Max $0.0050 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, Fugu Max not benchmarked.
- Widest category
- None yet: no category has been tested on both models.
- Widest single gap
- None yet: no benchmark has tested both models.
- Output price
- Mistral Large 3 2512 $1.50 against Fugu Max $6.00 per million output tokens, 4.0x apart.
- Context window
- Mistral Large 3 2512 takes 262K tokens, Fugu Max 1M.
Benchmark by benchmark
Every board either model has a result on, a category to a fold; bars are each result on a 0 to 100 scale. Only one model is measured on each, so no row names a leader.
CodingDirectional onlySix of these boards feed the Vibe Coding Index4 boards measured
| Benchmark | Mistral Large 3 2512 | Fugu Max | Leader |
|---|---|---|---|
| AA Coding Index | 20.1 | Not measured | Only Mistral Large 3 2512 measured |
| 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 |
| ALE-Bench | 264.7 | Not measured | Only Mistral Large 3 2512 measured |
| Neither model has a result on the other 39 boards here | |||
IntelligenceDirectional onlyPublic boards, shown as published, kept out of the index1 board measured
| Benchmark | Mistral Large 3 2512 | Fugu Max | Leader |
|---|---|---|---|
| AA Intelligence Index | 9.3 | Not measured | Only Mistral Large 3 2512 measured |
| Neither model has a result on the other 1 board here | |||
Agentic workDirectional onlyPublic boards, shown as published, kept out of the index1 board measured
| Benchmark | Mistral Large 3 2512 | Fugu Max | Leader |
|---|---|---|---|
| AA Agentic Index | 1.0 | Not measured | Only Mistral Large 3 2512 measured |
| Neither model has a result on the other 41 boards here | |||
ReasoningDirectional onlyPublic boards, shown as published, kept out of the index2 boards measured
| Benchmark | Mistral Large 3 2512 | Fugu Max | 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 |
| Neither model has a result on the other 21 boards here | |||
MathDirectional onlyPublic boards, shown as published, kept out of the index2 boards measured
| Benchmark | Mistral Large 3 2512 | Fugu Max | 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 12 boards here | |||
KnowledgeDirectional onlyPublic boards, shown as published, kept out of the index7 boards measured
| Benchmark | Mistral Large 3 2512 | Fugu Max | 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 13 boards here | |||
Web designDirectional onlyPublic boards, shown as published, kept out of the index8 boards measured
| Benchmark | Mistral Large 3 2512 | Fugu Max | Leader |
|---|---|---|---|
| Design Arena: websites | 1162 | Not measured | Only Mistral Large 3 2512 measured |
| Design Arena: UI components | 1099 | 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 | 1137 | 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 | 1141 | Not measured | Only Mistral Large 3 2512 measured |
| Design Arena: SVG | 992 | 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 index3 boards measured
| Benchmark | Mistral Large 3 2512 | Fugu Max | Leader |
|---|---|---|---|
| SAGE (Vals AI) | 24.6% | Not measured | Only Mistral Large 3 2512 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 45 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 Large 3 2512 costs less
Repository review
50K input + 3K output tokens
Mistral Large 3 2512 costs less
Agent loop
200K input + 10K output tokens
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.
| Specification | Mistral Large 3 2512 | Sakana Fugu Max |
|---|---|---|
| Maker | Mistral AI | Sakana |
| Weights | No public weights listed | No public weights listed |
| Released | December 1, 2025 | September 11, 2026 |
| Context window | 262K | 1M |
| Input $/Mtok | $0.50 | $2.00 |
| Output $/Mtok | $1.50 | $6.00 |
| 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 Fugu Max for coding?
Neither model has a coding score yet, so the two cannot be ranked on coding. Pick Mistral Large 3 2512 for output tokens 4.0x cheaper ($1.50 vs $6.00 per million).
Which is cheaper, Mistral Large 3 2512 or Fugu Max?
Mistral Large 3 2512 costs $0.50 per million input tokens and $1.50 per million output tokens; Fugu Max costs $2.00 and $6.00. Cost per solved task is known for Mistral Large 3 2512 only.
Which has the bigger context window, Mistral Large 3 2512 or Fugu Max?
Fugu Max, with 1M tokens against 262K.
Has any benchmark tested both Mistral Large 3 2512 and Fugu Max?
No benchmark has tested both yet. Mistral Large 3 2512 has results on AA Coding Index, LiveCodeBench (Vals AI) and SWE-bench Verified (Vals AI); Fugu Max has none yet. Compare them on price and context instead. Data as of October 23, 2026.