All models

Llama 3.1 8B Instruct vs Mistral Small 3

Llama 3.1 8B Instruct at $0.058 in and $0.092 out and Mistral Small 3 at $0.058 in and $0.092 out — per million tokens, from the same wallet.

M

Llama 3.1 8B Instruct

Meta

0.04¢

for a client proposal

$0.058 in · $0.092 out / 1M

131K context · released July 2024

Full page →
M

Mistral Small 3

Mistral AI

0.04¢

for a client proposal

$0.058 in · $0.092 out / 1M

33K context · released January 2025

Full page →

Asking all both at once — identical prompt, identical context — costs about 0.07¢ for a typical client proposal.

At a glance

  • All 2 cost the same on input.
  • Largest context: Llama 3.1 8B Instruct at 131K tokens — about 190 pages.

Cost per task

Estimated totals at the rates above. Solid bar is input, lighter bar is output.

Quick code fix

2K in · 500 out
Llama 3.1 8B Instruct
0.02¢
Mistral Small 3
0.02¢

Draft a client proposal from notes

5K in · 800 out
Llama 3.1 8B Instruct
0.04¢
Mistral Small 3
0.04¢

Context-heavy session (Alyph workspace)

155K in · 4K out
Llama 3.1 8B Instruct
needs 155K ctx
Mistral Small 3
needs 155K ctx

Analyze a 50-page legal contract

35K in · 1K out
Llama 3.1 8B Instruct
0.21¢
Mistral Small 3
needs 35K ctx

Large architecture refactor

250K in · 3K out
Llama 3.1 8B Instruct
needs 250K ctx
Mistral Small 3
needs 250K ctx

Solid part of each bar is input tokens, the lighter part is output. Models that don’t fit a task are marked instead of priced.

Cost vs Token Amount

Drag the slider to adjust the split between input and output workload.

80% Input20% Output
free3.2¢$0.060 tokens250k500k750k1000k
Llama 3.1 8B Instruct
Mistral Small 3

Adjust the ratio slider to change how output tokens influence the final price for equivalent workloads.

Pricing

Llama 3.1 8B Instruct
Mistral Small 3
Input / 1M tokens
$0.058
$0.058
Output / 1M tokens
$0.092
$0.092
Cached input / 1M
$0.029
—

Specs

Llama 3.1 8B Instruct
Mistral Small 3
Provider
Meta
Mistral AI
Released
July 2024
January 2025
Context window
131K
33K
Max output
131K
16K
Input
Text
Text
Output
Text
Text
Reasoning
Answers directly
Answers directly
Knowledge cutoff
2023-12-31
2023-10-31

Try it with real numbers

2K tokens in · 500 tokens out.

Llama 3.1 8B Instruct

Meta

0.02¢

for this task

71% input · 29% output

Full pricing →

Mistral Small 3

Mistral AI

0.02¢

for this task

71% input · 29% output

Full pricing →

All 2, same prompt and context: 0.03¢. That is the entire cost of the comparison.

Your $5 welcome credit covers about 15,527 of these.

Which should you pick?

For long documents, Llama 3.1 8B Instruct has the largest context window here — 131K tokens.

On price they are identical: about 0.04¢ for a typical task each.

Or don’t pick. Send the identical prompt to all both, read the answers side by side, and keep the winner. How to run a fair bake-off →

Llama 3.1 8B Instruct pricing →Mistral Small 3 pricing →Add Lyria 3 Clip PreviewAdd Grok 4.20

Questions, answered

Which is cheaper, Llama 3.1 8B Instruct or Mistral Small 3?

On a typical client proposal (5K tokens in, 800 out) they cost the same — about 0.04¢ each. Compare them on context and capabilities instead.

Which has the largest context window?

Llama 3.1 8B Instruct — 131K tokens, about 190 pages.

Can I run Llama 3.1 8B Instruct and Mistral Small 3 side by side on Alyph?

Yes — that is what Alyph is built for: the identical prompt with identical context to all 2, answers rendered side by side, billed from one wallet. This exact combination costs about 0.07¢ for a typical task.

Ask both at once

Identical prompt, identical context, answers side by side — about 0.07¢ for a typical client proposal. Free to start, with $5 of credit.

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