DeepSeek V4 Pro vs Mistral Large 2
DeepSeek V4 Pro (2026) and Mistral Large 2 (2025) are frontier reasoning models from DeepSeek and MistralAI. DeepSeek V4 Pro ships a 1m-token context window, while Mistral Large 2 ships a 128k-token context window. On MMLU PRO, DeepSeek V4 Pro leads by 17.8 pts. On pricing, DeepSeek V4 Pro costs $0.43/1M input tokens versus $0.48/1M for the alternative. This comparison covers specs, pricing, API access, capabilities, benchmarks, input and output token costs, and production fit for coding and agent workloads.
Pick DeepSeek V4 Pro for general evaluation; Mistral Large 2 is better when vision-heavy evaluation matters more.
Decision scorecard
Local evidence first| Signal | DeepSeek V4 Pro | Mistral Large 2 |
|---|---|---|
| Best for | reasoning-heavy apps, tool-calling agents, and long-context analysis | multimodal apps, tool-calling agents, and provider-routed production |
| Decision fit | Coding, RAG, and Agents | Coding, RAG, and Agents |
| Context window | 1m | 128k |
| Cheapest output | $0.87/1M tokens | $2.40/1M tokens |
| Provider routes | 5 tracked | 3 tracked |
| Shared benchmarks | MMLU PRO leader | 4 shared |
Decision tradeoffs
- DeepSeek V4 Pro holds a shared-benchmark lead on MMLU PRO, ahead by 17.8 points.
- DeepSeek V4 Pro has the larger context window for long prompts, retrieval packs, or transcript analysis.
- DeepSeek V4 Pro has the lower cheapest tracked output price at $0.87/1M tokens.
- DeepSeek V4 Pro has broader tracked provider coverage for fallback and route flexibility.
- DeepSeek V4 Pro uniquely exposes Reasoning in local model data.
- Mistral Large 2 holds a shared-benchmark lead on HumanEval, ahead by 8 points.
- Mistral Large 2 uniquely exposes Vision and Multimodal in local model data.
- Local decision data tags Mistral Large 2 for Coding, RAG, and Agents.
Monthly cost at traffic
Estimate token spend from the cheapest tracked input and output route or tier on this page.
DeepSeek V4 Pro
$566
Cheapest tracked route/tier: DeepSeek Platform
Mistral Large 2
$984
Cheapest tracked route/tier: AWS Bedrock
Estimated monthly gap: $419. Batch, cache, alternate speed tiers, and negotiated pricing are excluded from this local estimate.
Switch friction
- No overlapping tracked provider route is sourced for DeepSeek V4 Pro and Mistral Large 2; plan for SDK, billing, or endpoint changes.
- Mistral Large 2 is $1.53/1M tokens higher on cheapest tracked output pricing, so quality gains need to justify the spend.
- Check replacement coverage for Reasoning before moving production traffic.
- Mistral Large 2 adds Vision and Multimodal in local capability data.
- No overlapping tracked provider route is sourced for Mistral Large 2 and DeepSeek V4 Pro; plan for SDK, billing, or endpoint changes.
- DeepSeek V4 Pro is $1.53/1M tokens lower on cheapest tracked output pricing before cache, batch, or negotiated discounts.
- Check replacement coverage for Vision and Multimodal before moving production traffic.
- DeepSeek V4 Pro adds Reasoning in local capability data.
Specs
| Specification | ||
|---|---|---|
| Released | 2026-04-24 | 2025-11-25 |
| Context window | 1m | 128k |
| Parameters | 1.6T | 123B |
| Architecture | Mixture of Experts | Decoder Only |
| License | MITOSI-approved | Mistral License |
| Openness | Open source | Open weights |
| Weights | Available | Unknown |
| Code | Unknown | Unknown |
| Commercial use | Commercial use: permitted | Commercial use: non-commercial |
| Knowledge cutoff | - | 2025-07 |
Pricing and availability
| Pricing attribute | DeepSeek V4 Pro | Mistral Large 2 |
|---|---|---|
| Input price | $0.43/1M tokens | $0.48/1M tokens |
| Output price | $0.87/1M tokens | $2.40/1M tokens |
| Providers |
Capabilities
| Capability | DeepSeek V4 Pro | Mistral Large 2 |
|---|---|---|
| Vision | No | Yes |
| Multimodal | No | Yes |
| Reasoning | Yes | No |
| JSON / Tool use | Yes | Yes |
| Structured outputs | Yes | Yes |
| Code execution | No | No |
| IDE integration | No | No |
| Computer use | No | No |
| Parallel agents | No | No |
Benchmarks
| Benchmark | DeepSeek V4 Pro | Mistral Large 2 |
|---|---|---|
| MMLU PRO | 87.5 | 69.7 |
| HumanEval | 76.8 | 84.8 |
| Chatbot Arena | 1456.0 | 1265.0 |
| Massive Multitask Language Understanding | 90.1 | 84.0 |
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Last reviewed: 2026-06-29. Data sourced from public model cards and provider documentation.