GPT-5.4 vs Mistral Magistral Small 2509
GPT-5.4 (2026) and Mistral Magistral Small 2509 (2025) are frontier reasoning models from OpenAI and MistralAI. GPT-5.4 ships a 1.05m-token context window, while Mistral Magistral Small 2509 ships a not-yet-sourced context window. On pricing, GPT-5.4 ranges from $2.50 to $5/1M input tokens by tier; Mistral Magistral Small 2509 costs $0.50/1M input tokens. This comparison covers specs, pricing, API access, capabilities, benchmarks, input and output token costs, and production fit for coding and agent workloads.
GPT-5.4 is safer overall; choose Mistral Magistral Small 2509 when provider fit matters.
Decision scorecard
Local evidence first| Signal | GPT-5.4 | Mistral Magistral Small 2509 |
|---|---|---|
| Best for | reasoning-heavy apps, multimodal apps, and tool-calling agents | provider-routed production |
| Decision fit | Coding, RAG, and Agents | General |
| Context window | 1.05m | — |
| Cheapest output | $15/1M tokens | $1.50/1M tokens |
| Provider routes | 3 tracked | 2 tracked |
| Shared benchmarks | 0 rows | 0 rows |
Decision tradeoffs
- GPT-5.4 has the larger context window for long prompts, retrieval packs, or transcript analysis.
- GPT-5.4 has broader tracked provider coverage for fallback and procurement flexibility.
- GPT-5.4 uniquely exposes Vision, Multimodal, and Reasoning in local model data.
- Local decision data tags GPT-5.4 for Coding, RAG, and Agents.
- Mistral Magistral Small 2509 has the lower cheapest tracked output price at $1.50/1M tokens.
Monthly cost at traffic
Estimate token spend from the cheapest tracked input and output route or tier on this page.
GPT-5.4
$5,750
Cheapest tracked route/tier: OpenAI API
Mistral Magistral Small 2509
$775
Cheapest tracked route/tier: AWS Bedrock
Estimated monthly gap: $4,975. Batch, cache, alternate speed tiers, and negotiated pricing are excluded from this local estimate.
Switch friction
- Provider overlap exists on Vercel AI Gateway; start route-level A/B tests there.
- Mistral Magistral Small 2509 is $13.50/1M tokens lower on cheapest tracked output pricing before cache, batch, or negotiated discounts.
- Check replacement coverage for Vision, Multimodal, and Reasoning before moving production traffic.
- Provider overlap exists on Vercel AI Gateway; start route-level A/B tests there.
- GPT-5.4 is $13.50/1M tokens higher on cheapest tracked output pricing, so quality gains need to justify the spend.
- GPT-5.4 adds Vision, Multimodal, and Reasoning in local capability data.
Specs
| Specification | ||
|---|---|---|
| Released | 2026-03-05 | 2025-09-01 |
| Context window | 1.05m | — |
| Parameters | — | 24B |
| Architecture | decoder only | - |
| License | Proprietary | Apache 2.0(OSI) |
| Openness | Proprietary | Open source |
| Commercial use | Commercial use with conditions | Commercial use allowed |
| Knowledge cutoff | 2025-08 | - |
Pricing and availability
| Pricing attribute | GPT-5.4 | Mistral Magistral Small 2509 |
|---|---|---|
| Input price |
| $0.50/1M tokens |
| Output price |
| $1.50/1M tokens |
| Providers |
Capabilities
| Capability | GPT-5.4 | Mistral Magistral Small 2509 |
|---|---|---|
| Vision | Yes | No |
| Multimodal | Yes | No |
| Reasoning | Yes | No |
| Function calling | Yes | No |
| Tool use | Yes | No |
| Structured outputs | Yes | No |
| Code execution | Yes | No |
| IDE integration | No | No |
| Computer use | No | No |
| Parallel agents | No | No |
Benchmarks
No shared benchmark rows are currently sourced for this pair.
Deep dive
The capability footprint differs most on vision: GPT-5.4, multimodal input: GPT-5.4, reasoning mode: GPT-5.4, function calling: GPT-5.4, tool use: GPT-5.4, structured outputs: GPT-5.4, and code execution: GPT-5.4. Both models share the core language-model surface, so the practical split is not just feature count. Use those differences to decide whether the page is about raw model quality, agentic coding support, multimodal ingestion, or predictable structured API behavior.
For cost, GPT-5.4 lists tiered pricing: 0-272,000t is $2.50/1M input and $15/1M output; 272,000t+ is $5/1M input and $22.50/1M output, while Mistral Magistral Small 2509 lists $0.50/1M input and $1.50/1M output tokens on the cheapest tracked provider. A 70/30 input-output blend puts Mistral Magistral Small 2509 lower by about $5.45 per million blended tokens. For tiered rows, this cheapest-track view can understate interactive or fast-lane spend, so compare the tier you will actually use. Availability is 3 providers versus 2, so concentration risk also matters.
Choose GPT-5.4 when coding workflow support and broader provider choice are central to the workload. Choose Mistral Magistral Small 2509 when provider fit and lower input-token cost are more important. For production, rerun your own prompts through the exact provider, region, and tool stack you plan to ship.
FAQ
Which is cheaper, GPT-5.4 or Mistral Magistral Small 2509?
GPT-5.4 lists tiered pricing: 0-272,000t is $2.50/1M input and $15/1M output; 272,000t+ is $5/1M input and $22.50/1M output. Mistral Magistral Small 2509 lists $0.50/1M input and $1.50/1M output tokens on the cheapest tracked provider. Compare the tier you will actually use; cheap async pricing can overstate savings for interactive workflows. Provider discounts or batch pricing can still change the final bill.
Is GPT-5.4 or Mistral Magistral Small 2509 open source?
GPT-5.4 is listed under Proprietary. Mistral Magistral Small 2509 is listed under Apache 2.0. License labels affect whether you can self-host, redistribute weights, or rely only on hosted APIs, so confirm the upstream license before deployment.
Which is better for vision, GPT-5.4 or Mistral Magistral Small 2509?
GPT-5.4 has the clearer documented vision signal in this comparison. If vision is mission-critical, validate it against the provider endpoint because model-level support and API-level exposure can differ. Use this as a quick comparison signal, then confirm the provider-specific limits before committing to production.
Which is better for multimodal input, GPT-5.4 or Mistral Magistral Small 2509?
GPT-5.4 has the clearer documented multimodal input signal in this comparison. If multimodal input is mission-critical, validate it against the provider endpoint because model-level support and API-level exposure can differ.
Which is better for reasoning mode, GPT-5.4 or Mistral Magistral Small 2509?
GPT-5.4 has the clearer documented reasoning mode signal in this comparison. If reasoning mode is mission-critical, validate it against the provider endpoint because model-level support and API-level exposure can differ.
Where can I run GPT-5.4 and Mistral Magistral Small 2509?
GPT-5.4 is available on OpenAI API, OpenRouter, and Vercel AI Gateway. Mistral Magistral Small 2509 is available on AWS Bedrock and Vercel AI Gateway. Provider coverage can affect latency, region availability, compliance posture, and fallback options.
Continue comparing
Last reviewed: 2026-06-04. Data sourced from public model cards and provider documentation.