API cost decision in 10 seconds

NewMistral Medium 3.5 vs Google Gemini Flash Latest

Pick Mistral Medium 3.5 for lower cost; pick Google Gemini Flash Latest only if the larger context window matters more.

Page updated:  Data confirmed:  Prices normalized to USD per 1M tokens Sample workload: 1M input + 500K output

Budget verdict

Pick Mistral Medium 3.5 for lower cost; pick Google Gemini Flash Latest only if the larger context window matters more.

On the standard 1M input plus 500K output workload, Mistral Medium 3.5 is estimated at $5.25 vs $6 for Google Gemini Flash Latest, saving $0.75 (12.5% lower).

Cost-first pickMistral Medium 3.5
Context-first pickGoogle Gemini Flash Latest
Sample savings$0.7512.5%
10x traffic gap$7.5

Google Gemini Flash Latest has more context, but Mistral Medium 3.5 saves $0.75 on the standard workload. At 10x that traffic, the same price gap is about $7.5. Use the calculator below to replace the sample workload with your own token volume.

Cost sensitivity

Workload Sensitivity

Same prices, different token mixes.

Mistral Medium 3.5 stays cheaper across input-heavy, balanced, and output-heavy sample workloads.

Workload shapeToken mixBetter pickMistral Medium 3.5Google Gemini Flash Latest
Input-heavy / RAG5M input + 500K outputMistral Medium 3.5$11.25$12
Balanced workload1M input + 1M outputMistral Medium 3.5$9$10.5
Output-heavy chatbot1M input + 5M outputMistral Medium 3.5$39$46.5
Cheaper input Tie $1.5 vs $1.5 / 1M

Both models report the same input price at $1.5 per 1M tokens.

Cheaper output Mistral Medium 3.5 $7.5 vs $9 / 1M

Mistral Medium 3.5 is $1.5 cheaper per 1M output tokens (16.7% lower; 1.2x difference).

Larger context Google Gemini Flash Latest 262.14K vs 1.05M

Google Gemini Flash Latest has 786.43K more context (4x larger).

Sample workload Mistral Medium 3.5 $5.25 vs $6

Mistral Medium 3.5 is $0.75 cheaper on the standard workload (12.5% lower).

Estimate your workload cost

Your Workload Cost

Prices are normalized to USD per 1M tokens.
Mistral Medium 3.5 Calculating… Estimated API cost
Google Gemini Flash Latest Calculating… Estimated API cost
Cheaper for this workload Calculating… Difference: calculating…

This estimate uses normalized public API pricing per 1M tokens. It is a planning aid, not a billing quote. Verify provider pricing, limits, and terms before production use.

Quick Decision

Verdict

both models tie on input price; Mistral Medium 3.5 has the lower output price; Google Gemini Flash Latest offers the larger context window. For the 1M input plus 500K output sample, Mistral Medium 3.5 is cheaper for the standard workload.

For a 1M input token plus 500K output token workload, the estimated API cost is $5.25 for Mistral Medium 3.5 and $6 for Google Gemini Flash Latest.

Best Fit

Choose Mistral Medium 3.5 when you care most about lower output-token price.

Choose Google Gemini Flash Latest when you care most about larger context window.

Decision Notes
  • On the standard 1M input plus 500K output workload, Mistral Medium 3.5 is estimated at $5.25 vs $6 for Google Gemini Flash Latest, saving $0.75 (12.5% lower).
  • Mistral Medium 3.5 is $0.75 cheaper on the standard workload (12.5% lower).
  • Both models report the same input price at $1.5 per 1M tokens.
  • Mistral Medium 3.5 is $1.5 cheaper per 1M output tokens (16.7% lower; 1.2x difference).
  • Google Gemini Flash Latest has 786.43K more context (4x larger).
Head-to-Head Specs
FeatureNewMistral Medium 3.5
(Mistral)		Google Gemini Flash Latest
(Google)
Input Price
prompt tokens per 1M		$1.5$1.5
Completion Price
per 1M tokens		$7.5$9
Sample Workload Cost
1M input + 500K output		$5.25$6
Context Window262.14K1.05M
Release Date

Use-Case Decision Matrix

Use caseBetter pickWhy
Budget-constrained productionMistral Medium 3.5On the standard 1M input plus 500K output workload, Mistral Medium 3.5 is estimated at $5.25 vs $6 for Google Gemini Flash Latest, saving $0.75 (12.5% lower).
High-volume input processingTieLower prompt-token price matters most when prompts, retrieved passages, or documents dominate the bill.
Long responses and chatbotsMistral Medium 3.5Lower output-token price matters most when assistants generate many completion tokens.
RAG or long-document workGoogle Gemini Flash LatestA larger context window leaves more room for retrieved passages, conversation history, or source files.

Related Alternatives

Same-provider lower-cost swaps
  • Mistral Nemo can replace Mistral Medium 3.5 when lower sample workload cost matters most: $0.04.
  • Mistral Small 3 can replace Mistral Medium 3.5 when lower sample workload cost matters most: $0.09.
  • Ministral 3 3B 2512 can replace Mistral Medium 3.5 when lower sample workload cost matters most: $0.15.
  • Mistral Small 3.2 24B can replace Mistral Medium 3.5 when lower sample workload cost matters most: $0.17.
Larger context near this budget

Cheaper alternatives

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Larger context alternatives

Find models with larger context windows for RAG, long documents, and codebase review.

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Provider catalogs

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Mistral catalog

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Google catalog

Check other Google models with comparable pricing, context, or release timing.

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Mistral Medium 3.5

Mistral Medium 3.5 is a dense 128B instruction-following model from Mistral AI. It supports text and image inputs with text output, and is designed for agentic workflows, coding, and complex...

Google Gemini Flash Latest

This model always redirects to the latest model in the Google Gemini Flash family.