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GPT-5 nano vs Mistral Small 4

GPT-5 nano and Mistral Small 4 are closely matched at 19.1 and 18.6 on the LLM Stats Score. GPT-5 nano is 1.9x cheaper per token.

OpenAI · Mistral AI · Updated for 2026

Which is better?

GPT-5 nano and Mistral Small 4 are closely matched on the overall LLM Stats Score at 19.1 and 18.6.

The models split the 2 individual benchmarks reported for both models evenly.

On price, GPT-5 nano is roughly 1.9x cheaper per token on a blended 3:1 input/output basis, which adds up quickly at production volume.

GPT-5 nano also accepts a larger context window (400,000 input tokens), making it the stronger choice for long documents and large codebases.

Based on current LLM Stats indexes, shared benchmarks, pricing, and model metadata for 2026.

Choose GPT-5 nano

  • cost matters — it's about 1.9x cheaper per token
  • you process long inputs — it offers a 400,000 token context window

Choose Mistral Small 4

  • you want the most recent training data — it shipped Mar 2026
  • you need open weights you can self-host or fine-tune

At a glance

The differences that matter most.

Core performance indexes
19.1
#229
18.6
#233
18.4
#229
19.5
#219
Cost, coverage & limits
Benchmark wins
1 of 2
1 of 2
Input price
$0.05 / M
$0.15 / M
Output price
$0.40 / M
$0.60 / M
Context window
400,000
256,000

Capability indexes

Additional strengths measured across groups of related public benchmarks

1 shared
Index
GPT-5 nano
Mistral Small 4
18.9#181
19.0#180
Conservative TrueSkill rating · higher is betterHow scores work

Individual benchmarks

5 reported for GPT-5 nano · 9 for Mistral Small 4

2 shared

GPT-5 nano outperforms in 1 benchmarks (AIME 2025), while Mistral Small 4 is better at 0 benchmarks.

GPT-5 nano has a slight edge in benchmark performance.

Tue Oct 20 2026 • llm-stats.com

Human preference

Blind head-to-head votes and playground preference scores

Pricing Analysis

Price comparison per million tokens

GPT-5 nano costs less

For input processing, GPT-5 nano ($0.05/1M tokens) is 3.0x cheaper than Mistral Small 4 ($0.15/1M tokens).

For output processing, GPT-5 nano ($0.40/1M tokens) is 1.5x cheaper than Mistral Small 4 ($0.60/1M tokens).

In conclusion, Mistral Small 4 is more expensive than GPT-5 nano.*

* Using a 3:1 ratio of input to output tokens

Lowest available price from all providers
Tue Oct 20 2026 • llm-stats.com
OpenAI
GPT-5 nano
Input tokens$0.05
Output tokens$0.40
Best providerOpenAI
Mistral AI
Mistral Small 4
Input tokens$0.15
Output tokens$0.60
Best providerMistral
Notice missing or incorrect data?

Context Window

Maximum input and output token capacity

GPT-5 nano accepts 400,000 input tokens compared to Mistral Small 4's 256,000 tokens. Mistral Small 4 can generate longer responses up to 256,000 tokens, while GPT-5 nano is limited to 128,000 tokens.

OpenAI
GPT-5 nano
Input400,000 tokens
Output128,000 tokens
Mistral AI
Mistral Small 4
Input256,000 tokens
Output256,000 tokens
Tue Oct 20 2026 • llm-stats.com

Input capabilities

Documented input modalities across available providers

Both GPT-5 nano and Mistral Small 4 support multimodal inputs.

They are both capable of processing various types of data, offering versatility in application.

GPT-5 nano

Text
Images
Audio
Video

Mistral Small 4

Text
Images
Audio
Video

License

Usage and distribution terms

GPT-5 nano is licensed under a proprietary license, while Mistral Small 4 uses Apache 2.0.

License differences may affect how you can use these models in commercial or open-source projects.

GPT-5 nano

Proprietary

Closed source

Mistral Small 4

Apache 2.0

Open weights

Release Timeline

When each model was launched

GPT-5 nano was released on 2025-08-07, while Mistral Small 4 was released on 2026-03-16.

Mistral Small 4 is 7 months newer than GPT-5 nano.

GPT-5 nano

Aug 7, 2025

1.2 years ago

Mistral Small 4

Mar 16, 2026

7 months ago

7mo newer

Knowledge Cutoff

When training data ends

GPT-5 nano has a documented knowledge cutoff of 2024-05-30, while Mistral Small 4's cutoff date is not specified.

We can confirm GPT-5 nano's training data extends to 2024-05-30, but cannot make a direct comparison without Mistral Small 4's cutoff date.

GPT-5 nano

May 2024

Mistral Small 4

—

Provider Availability

GPT-5 nano is available from OpenAI. Mistral Small 4 is available from Mistral AI.

GPT-5 nano

openai logo
OpenAI
Input Price:Input: $0.05/1MOutput Price:Output: $0.40/1M

Mistral Small 4

mistral logo
Mistral
Input Price:Input: $0.15/1MOutput Price:Output: $0.60/1M
* Prices shown are per million tokens

Outputs Comparison

Notice missing or incorrect data?

Judge for yourself.

Run your own prompts against GPT-5 nano and Mistral Small 4 side-by-side, then vote on the output you prefer.

GPT-5 nano
✓ Preferred
Mistral Small 4
Open in Playground

FAQ

Common questions about GPT-5 nano vs Mistral Small 4.

Which is better, GPT-5 nano or Mistral Small 4?

GPT-5 nano and Mistral Small 4 are closely matched on the LLM Stats Score at 19.1 and 18.6. GPT-5 nano is made by OpenAI and Mistral Small 4 is made by Mistral AI. The best choice depends on your use case — compare their capability indexes, individual benchmarks, pricing, and limits above.

How does GPT-5 nano compare to Mistral Small 4 in benchmarks?

GPT-5 nano scores AIME 2025: 85.2%, HMMT 2025: 75.6%, GPQA: 71.2%, FrontierMath: 9.6%, Humanity's Last Exam: 8.7%. Mistral Small 4 scores AIME 2025: 83.8%, MMLU-Pro: 78.0%, AA-LCR: 71.2%, GPQA: 71.2%, LiveCodeBench: 63.6%.

Is GPT-5 nano cheaper than Mistral Small 4?

GPT-5 nano is 3.0x cheaper for input tokens. GPT-5 nano costs $0.05/M input and $0.40/M output via openai. Mistral Small 4 costs $0.15/M input and $0.60/M output via mistral.

What are the context window sizes for GPT-5 nano and Mistral Small 4?

GPT-5 nano supports 400K tokens and Mistral Small 4 supports 256K tokens. A larger context window lets you process longer documents, conversations, or codebases in a single request.

What are the main differences between GPT-5 nano and Mistral Small 4?

Key differences include LLM Stats Score (19.1 vs 18.6), context window (400K vs 256K), input pricing ($0.05 vs $0.15/M), licensing (Proprietary vs Apache 2.0). See the full comparison above for benchmark-by-benchmark results.

Who makes GPT-5 nano and Mistral Small 4?

GPT-5 nano is developed by OpenAI and Mistral Small 4 is developed by Mistral AI.