Both models report the same input price at $0.5 per 1M tokens.
API cost decision in 10 seconds
NewNemotron 3 Ultra vs Mistral Large 3 2512
Pick Mistral Large 3 2512 for lower cost; pick Nemotron 3 Ultra only if the larger context window matters more.
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Data confirmed:
Prices normalized to USD per 1M tokens
Sample workload: 1M input + 500K output
Budget verdict
Pick Mistral Large 3 2512 for lower cost; pick Nemotron 3 Ultra only if the larger context window matters more.
On the standard 1M input plus 500K output workload, Mistral Large 3 2512 is estimated at $1.25 vs $1.75 for Nemotron 3 Ultra, saving $0.5 (28.6% lower).
Cost-first pickMistral Large 3 2512
Context-first pickNemotron 3 Ultra
Sample savings$0.528.6%
10x traffic gap$5
Nemotron 3 Ultra has more context, but Mistral Large 3 2512 saves $0.5 on the standard workload. At 10x that traffic, the same price gap is about $5. Use the calculator below to replace the sample workload with your own token volume.
Cost sensitivity
Workload Sensitivity
Mistral Large 3 2512 stays cheaper across input-heavy, balanced, and output-heavy sample workloads.
| Workload shape | Token mix | Better pick | Nemotron 3 Ultra | Mistral Large 3 2512 |
|---|---|---|---|---|
| Input-heavy / RAG | 5M input + 500K output | Mistral Large 3 2512 | $3.75 | $3.25 |
| Balanced workload | 1M input + 1M output | Mistral Large 3 2512 | $3 | $2 |
| Output-heavy chatbot | 1M input + 5M output | Mistral Large 3 2512 | $13 | $8 |
Mistral Large 3 2512 is $1 cheaper per 1M output tokens (40% lower; 1.67x difference).
Nemotron 3 Ultra has 737.86K more context (3.81x larger).
Mistral Large 3 2512 is $0.5 cheaper on the standard workload (28.6% lower).
Estimate your workload cost
Your Workload Cost
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
both models tie on input price; Mistral Large 3 2512 has the lower output price; Nemotron 3 Ultra offers the larger context window. For the 1M input plus 500K output sample, Mistral Large 3 2512 is cheaper for the standard workload.
For a 1M input token plus 500K output token workload, the estimated API cost is $1.75 for Nemotron 3 Ultra and $1.25 for Mistral Large 3 2512.
Choose Nemotron 3 Ultra when you care most about larger context window.
Choose Mistral Large 3 2512 when you care most about lower output-token price.
- On the standard 1M input plus 500K output workload, Mistral Large 3 2512 is estimated at $1.25 vs $1.75 for Nemotron 3 Ultra, saving $0.5 (28.6% lower).
- Mistral Large 3 2512 is $0.5 cheaper on the standard workload (28.6% lower).
- Both models report the same input price at $0.5 per 1M tokens.
- Mistral Large 3 2512 is $1 cheaper per 1M output tokens (40% lower; 1.67x difference).
- Nemotron 3 Ultra has 737.86K more context (3.81x larger).
| Feature | NewNemotron 3 Ultra (NVIDIA) | Mistral Large 3 2512 (Mistral) |
|---|---|---|
| Input Price prompt tokens per 1M | $0.5 | $0.5 |
| Completion Price per 1M tokens | $2.5 | $1.5 |
| Sample Workload Cost 1M input + 500K output | $1.75 | $1.25 |
| Context Window | 1M | 262.14K |
| Release Date | ||
| Popularity | #91 | #124 |
Use-Case Decision Matrix
| Use case | Better pick | Why |
|---|---|---|
| Budget-constrained production | Mistral Large 3 2512 | On the standard 1M input plus 500K output workload, Mistral Large 3 2512 is estimated at $1.25 vs $1.75 for Nemotron 3 Ultra, saving $0.5 (28.6% lower). |
| High-volume input processing | Tie | Lower prompt-token price matters most when prompts, retrieved passages, or documents dominate the bill. |
| Long responses and chatbots | Mistral Large 3 2512 | Lower output-token price matters most when assistants generate many completion tokens. |
| RAG or long-document work | Nemotron 3 Ultra | A larger context window leaves more room for retrieved passages, conversation history, or source files. |
Related Alternatives
- Nemotron 3 Ultra (free) can replace Nemotron 3 Ultra when lower sample workload cost matters most: $0.
- Nemotron 3 Super (free) can replace Nemotron 3 Ultra when lower sample workload cost matters most: $0.
- Nemotron 3 Nano 30B A3B (free) can replace Nemotron 3 Ultra when lower sample workload cost matters most: $0.
- Nemotron 3 Nano Omni (free) can replace Nemotron 3 Ultra when lower sample workload cost matters most: $0.
- Llama 4 Scout offers 10M context with $0.25 sample workload cost.
- Owl Alpha offers 1.05M context with $0 sample workload cost.
- DeepSeek V4 Flash offers 1.05M context with $0.2 sample workload cost.
- MiMo-V2.5 offers 1.05M context with $0.28 sample workload cost.
- DeepSeek V4 Flash · DeepSeek · #1
- Hy3 preview · Tencent · #2
- MiMo-V2.5 · Xiaomi · #3
- MiniMax M3 · MiniMax · #4
Cheaper alternatives
Review low-cost models sorted by a standard 1M input plus 500K output workload.
Open cheapest modelsLarger context alternatives
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Open provider hubsNVIDIA catalog
Review all tracked NVIDIA models before deciding whether this matchup is the right shortlist.
Open NVIDIA modelsMistral catalog
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Open Mistral modelsNVIDIA Nemotron 3 Ultra is an open frontier-reasoning and orchestration model from NVIDIA, with 55B active parameters out of 550B total (MoE). Built on a hybrid Transformer-Mamba mixture-of-experts architecture, it...
Mistral Large 3 2512 is Mistral’s most capable model to date, featuring a sparse mixture-of-experts architecture with 41B active parameters (675B total), and released under the Apache 2.0 license.