Compare / MiniMax M2 vs Mistral Medium 3.5
MiniMax M2 vs Mistral Medium 3.5
Which is cheaper, which is more capable, and which does better at each kind of work, from 17 results on 3 sources that measured both models.
MiniMax M2 or Mistral Medium 3.5? The short answer
- MiniMax M2 is cheaper: $0.52 against $3.00 per million tokens, 5.7 times less.
- MiniMax M2 scores higher on the Artificial Analysis Intelligence Index: 18.6 against 14.2.
- On our business benchmarks, MiniMax M2 ranks higher for reasoning and knowledge.
- On our business benchmarks, Mistral Medium 3.5 ranks higher for agents and tool use, writing and sticking to the facts.
At a glance
| MiniMax M2 | Mistral Medium 3.5 | |
|---|---|---|
| Price per million tokens | $0.30 in · $1.20 out | $1.50 in · $7.50 out |
| Blended (3 in : 1 out) | $0.52 | $3.00 |
| Cheapest host, blended | $0.45 (Minimax, FP8) | $3.00 (Mistral) |
| Intelligence Index | 18.6 | 14.2 |
| Spring Prompt overall | – | 21 |
| Output speed, tokens a second | – | 163 |
| Context window | 204,800 tokens | 262,144 tokens |
| Weights | Open | Closed |
| Developer based in | China | France |
Prices are the developer's list price where we have read it, otherwise the typical host on OpenRouter; see every model's price. Intelligence and speed from Artificial Analysis.
Which is better for what
Each model's rank among models available today, for each kind of work, from our own benchmarks and licensed sources. The better rank is in green.
| Use case | MiniMax M2 | Mistral Medium 3.5 |
|---|---|---|
| Product listingsTurning a sparse product feed and photos into listings that can go live | not measured | 13 of 19 |
| Decks from an analysisTurning a finished analysis into a deck you could present as it is | not measured | 14 of 18 |
| Marketing planningPlanning a year of ad spend without overspending | not measured | 18 of 18 |
| Agents and tool useMulti-step tasks with tools: support desks, coding agents, function calls | 149 of 161 | 87 of 161 |
| Reasoning and knowledgeHard questions across science, maths and general knowledge | 107 of 195 | 119 of 195 |
| WritingWhat people prefer in blind comparisons, and judged writing quality | 167 of 187 | 85 of 187 |
| Sticking to the factsSummarising without inventing things, and factual answers | 150 of 153 | 99 of 153 |
| Speed under pressureGood decisions against a real clock (fast chess) | not measured | 8 of 21 |
From our research
Every shared result
| Benchmark | Metric | MiniMax M2 | Mistral Medium 3.5 |
|---|---|---|---|
| Arena (formerly LMArena)reported | OverallArena rating | 1,360 | 1,430 |
| Arena (formerly LMArena)reported | Business, management and financeArena rating | 1,348 | 1,430 |
| Arena (formerly LMArena)reported | Creative writingArena rating | 1,285 | 1,398 |
| Arena (formerly LMArena)reported | Expert promptsArena rating | 1,350 | 1,434 |
| Arena (formerly LMArena)reported | Instruction followingArena rating | 1,334 | 1,421 |
| Arena (formerly LMArena)reported | OverallArena rating | 1,343 | 1,426 |
| Arena (formerly LMArena)reported | Writing, literature and languageArena rating | 1,298 | 1,404 |
| Artificial Analysisreported | Artificial Analysis Intelligence Indexindex score | 18.6 | 14.2 |
| Artificial Analysisreported | GPQA Diamond% of questions | 77.7% | 74.8% |
| Artificial Analysisreported | Humanity's Last Exam% of questions | 13.7% | 13.8% |
| Artificial Analysisreported | IFBench% of instructions | 72.3% | 68.8% |
| Artificial Analysisreported | Long-context reasoning (AA-LCR)% of questions | 64.3% | 69.3% |
| Artificial Analysisreported | Terminal-Bench Hard% of tasks | 25.8% | 33.3% |
| Artificial Analysisreported | Τ²-bench telecom% of tasks | 86.8% | 94.2% |
| UGI Leaderboardreported | Requested-length error% off the requested word count | 73.0% | 18.0% |
| UGI Leaderboardreported | Style adherencescore from 0 to 1 | 0.36 | 0.35 |
| UGI Leaderboardreported | Writing scorescore out of 100 | 17.2 | 45.5 |
Bold green marks the better value on that metric. Where a source reports ranges that overlap, the difference may not be meaningful; see the benchmark page for ranges.
Quick answers
Is MiniMax M2 better than Mistral Medium 3.5?
It depends on the task. Among models available today, on our benchmarks and licensed sources, MiniMax M2 ranks higher for reasoning and knowledge; Mistral Medium 3.5 ranks higher for agents and tool use, writing and sticking to the facts.
Which is cheaper, MiniMax M2 or Mistral Medium 3.5?
MiniMax M2 costs $0.52 per million tokens (three input to one output), against $3.00 for Mistral Medium 3.5.
Run MiniMax M2 and Mistral Medium 3.5 on your own prompt
Benchmarks aren't your data. Try both side by side in the playground, with the cost of every answer.