GPT-5.4 mini vs Magistral Small 1.2
Price and specs side by side · USD per 1M tokens · verified 2026-10-11
// side by side
| metric | GPT-5.4 mini | Magistral Small 1.2 |
|---|
| input / 1M | $0.75 | $0.50 |
| output / 1M | $4.50 | $1.50 |
| blended (3:1) | $1.6875 | $0.75 |
| cache read / 1M | $0.075 | — |
| context | 400K | 128K |
| max output | 128K | 40K |
| input types | text · image | text · image |
| reasoning | yes | yes |
| tool calling | yes | yes |
| structured output | yes | yes |
| open weights | no | yes |
| released | 2026-03-17 | 2025-09-18 |
| knowledge cutoff | 2025-08-31 | n/a |
| lab | OpenAI | Mistral |
// monthly cost scenarios
| workload | tokens in / out | GPT-5.4 mini | Magistral Small 1.2 |
|---|
| Chatbot | 10M / 2M | $16.50 | $8.00 |
| RAG app | 50M / 5M | $60.00 | $32.50 |
| Coding agent | 20M / 10M | $60.00 | $25.00 |
// verdict
- Magistral Small 1.2 is 55.6% cheaper than GPT-5.4 mini on a blended 3:1 input/output basis.
- GPT-5.4 mini has the larger context window (400K vs 128K tokens).