Llama 4 Maverick 17B Instruct FP8 vs Mistral Large 2
Llama 4 Maverick 17B Instruct FP8 (2025) and Mistral Large 2 (2025) are compact production models from AI at Meta and MistralAI. Llama 4 Maverick 17B Instruct FP8 ships a 1m-token context window, while Mistral Large 2 ships a 128k-token context window. On MMLU PRO, Llama 4 Maverick 17B Instruct FP8 leads by 10.8 pts. This comparison covers specs, pricing, API access, capabilities, benchmarks, input and output token costs, and production fit for coding and agent workloads.
Llama 4 Maverick 17B Instruct FP8 is ~220% cheaper at $0.15/1M; pay for Mistral Large 2 only for vision-heavy evaluation.
Decision scorecard
Local evidence first| Signal | Llama 4 Maverick 17B Instruct FP8 | Mistral Large 2 |
|---|---|---|
| Best for | multimodal apps, long-context analysis, and provider-routed production | 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 | $0.60/1M tokens | $2.40/1M tokens |
| Provider routes | 11 tracked | 3 tracked |
| Shared benchmarks | MMLU PRO leader | 3 shared |
Decision tradeoffs
- Llama 4 Maverick 17B Instruct FP8 holds a shared-benchmark lead on MMLU PRO, ahead by 10.8 points.
- Llama 4 Maverick 17B Instruct FP8 has the larger context window for long prompts, retrieval packs, or transcript analysis.
- Llama 4 Maverick 17B Instruct FP8 has the lower cheapest tracked output price at $0.60/1M tokens.
- Llama 4 Maverick 17B Instruct FP8 has broader tracked provider coverage for fallback and route flexibility.
- Local decision data tags Llama 4 Maverick 17B Instruct FP8 for Coding, RAG, and Agents.
- Mistral Large 2 holds a shared-benchmark lead on HumanEval, ahead by 7.4 points.
- Mistral Large 2 uniquely exposes JSON / Tool use 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.
Llama 4 Maverick 17B Instruct FP8
$270
Cheapest tracked route/tier: OpenRouter
Mistral Large 2
$984
Cheapest tracked route/tier: AWS Bedrock
Estimated monthly gap: $714. Batch, cache, alternate speed tiers, and negotiated pricing are excluded from this local estimate.
Switch friction
- Provider overlap exists on AWS Bedrock; start route-level A/B tests there.
- Mistral Large 2 is $1.80/1M tokens higher on cheapest tracked output pricing, so quality gains need to justify the spend.
- Mistral Large 2 adds JSON / Tool use in local capability data.
- Provider overlap exists on AWS Bedrock; start route-level A/B tests there.
- Llama 4 Maverick 17B Instruct FP8 is $1.80/1M tokens lower on cheapest tracked output pricing before cache, batch, or negotiated discounts.
- Check replacement coverage for JSON / Tool use before moving production traffic.
Specs
| Specification | ||
|---|---|---|
| Released | 2025-04-05 | 2025-11-25 |
| Context window | 1m | 128k |
| Parameters | 400B (17B active) | 123B |
| Architecture | Mixture of Experts | Decoder Only |
| License | Llama 4 Community | Mistral License |
| Openness | Open weights | Open weights |
| Weights | Unknown | Unknown |
| Code | Unknown | Unknown |
| Commercial use | Commercial use: conditional | Commercial use: non-commercial |
| Knowledge cutoff | 2024-08 | 2025-07 |
Pricing and availability
| Pricing attribute | Llama 4 Maverick 17B Instruct FP8 | Mistral Large 2 |
|---|---|---|
| Input price | $0.15/1M tokens | $0.48/1M tokens |
| Output price | $0.60/1M tokens | $2.40/1M tokens |
| Providers |
Capabilities
| Capability | Llama 4 Maverick 17B Instruct FP8 | Mistral Large 2 |
|---|---|---|
| Vision | Yes | Yes |
| Multimodal | Yes | Yes |
| Reasoning | No | No |
| JSON / Tool use | No | Yes |
| Structured outputs | Yes | Yes |
| Code execution | No | No |
| IDE integration | No | No |
| Computer use | No | No |
| Parallel agents | No | No |
Benchmarks
| Benchmark | Llama 4 Maverick 17B Instruct FP8 | Mistral Large 2 |
|---|---|---|
| MMLU PRO | 80.5 | 69.7 |
| HumanEval | 77.4 | 84.8 |
| Chatbot Arena | 1365.0 | 1265.0 |
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Last reviewed: 2026-07-09. Data sourced from public model cards and provider documentation.