DeepSeek V3.2 vs Magistral Small 1.2
Price and specs side by side · USD per 1M tokens · verified 2026-10-11
// side by side
| metric | DeepSeek V3.2 | Magistral Small 1.2 |
|---|
| input / 1M | $0.62 | $0.50 |
| output / 1M | $1.85 | $1.50 |
| blended (3:1) | $0.9275 | $0.75 |
| cache read / 1M | — | — |
| context | 163.8K | 128K |
| max output | 81.9K | 40K |
| input types | text | text · image |
| reasoning | yes | yes |
| tool calling | yes | yes |
| structured output | yes | yes |
| open weights | yes | yes |
| released | 2025-12-01 | 2025-09-18 |
| knowledge cutoff | 2024-07 | n/a |
| lab | DeepSeek | Mistral |
// monthly cost scenarios
| workload | tokens in / out | DeepSeek V3.2 | Magistral Small 1.2 |
|---|
| Chatbot | 10M / 2M | $9.90 | $8.00 |
| RAG app | 50M / 5M | $40.25 | $32.50 |
| Coding agent | 20M / 10M | $30.90 | $25.00 |
// verdict
- Magistral Small 1.2 is 19.1% cheaper than DeepSeek V3.2 on a blended 3:1 input/output basis.
- DeepSeek V3.2 has the larger context window (163.8K vs 128K tokens).
- Only Magistral Small 1.2 accepts image input.