AI model comparison

Nemotron 3.5 Lightning vs Mistral Small 4

Side by side comparison of Nemotron 3.5 Lightning and Mistral Small 4 on pricing, benchmark scores, context window, and more.

NVIDIA Nemotron 3.5 Lightning is an open mixture-of-experts model from NVIDIA, with 3B active parameters out of 30B total.

Input / 1M
$0.07
Output / 1M
$0.20
Context
262K

Mistral Small 4 is the next major release in the Mistral Small family, unifying the capabilities of several flagship Mistral models into a single system.

Input / 1M
$0.15
Output / 1M
$0.60
Context
262K

Comparing image generators? Compare image models

At a glance

Quick verdict

How the two models stack up on the things people ask about most.

Lower price

nvidia logo

Nemotron 3.5 Lightning

2.5x cheaper for a typical chat

Higher intelligence score

nvidia logo

Nemotron 3.5 Lightning

5.5 vs 4.3 on Artificial Analysis

Larger context window

Tie

262K vs 262K tokens

Newer release

nvidia logo

Nemotron 3.5 Lightning

Released August 11, 2026

Benchmarks

Benchmark scores

Independent scores from Artificial Analysis. Higher is better.

Intelligence index

nvidia logoNemotron 3.5 Lightning5.5
mistralai logoMistral Small 44.3

Coding index

nvidia logoNemotron 3.5 Lightning26.8
mistralai logoMistral Small 426.6

Agentic index

nvidia logoNemotron 3.5 Lightning3.5
mistralai logoMistral Small 40.8

Pricing

Nemotron 3.5 Lightning vs Mistral Small 4 API pricing

Per-token API rates. Cheaper option highlighted.

Metricnvidia logoNemotron 3.5 Lightningmistralai logoMistral Small 4
Input tokensPer 1M tokens$0.07$0.15
Output tokensPer 1M tokens$0.20$0.60
Cached input (read)Per 1M tokens$0.04$0.02
Cache writePer 1M tokensNot availableNot available

What it costs in practice

Estimated cost per 1,000 requests at standard rates. Coding and long-document figures also show the cost when the input is already cached.

Chat message

2K in, 500 out

nvidia logoNemotron 3.5 Lightning$0.24
mistralai logoMistral Small 4$0.60

Coding task

30K in, 4K out

nvidia logoNemotron 3.5 Lightning$2.90$2 cached
mistralai logoMistral Small 4$6.90$2.85 cached

Long document summary

150K in, 2K out

nvidia logoNemotron 3.5 Lightning$10.90$6.40 cached
mistralai logoMistral Small 4$23.70$3.45 cached

Specs

Context window and capabilities

How much each model can read, how much it can write, and what it accepts as input.

Metricnvidia logoNemotron 3.5 Lightningmistralai logoMistral Small 4
Context window262K tokens262K tokens
Max output236K tokens210K tokens
Input typesTextImage, Text
Output typesTextText
Reasoning effort levelsNot availableHigh, None
Default reasoning effortNot availableHigh
Release dateAugust 11, 2026March 16, 2026

Features

Supported features

API features available for each model.

Metricnvidia logoNemotron 3.5 Lightningmistralai logoMistral Small 4
Tool callingSupportedSupported
Structured outputsSupportedSupported
JSON modeSupportedSupported
ReasoningSupportedSupported
TemperatureSupportedSupported
Stop sequencesSupportedSupported
Deterministic seedSupportedSupported
Verbosity controlNot supportedNot supported

Our take

Nemotron 3.5 Lightning is 2.5x cheaper for a typical chat. Nemotron 3.5 Lightning scores higher on the Artificial Analysis Intelligence Index (5.5 vs 4.3). The right pick depends on your workload, so the quickest way to settle it is to send the same prompt to both and compare.

FAQ

Frequently asked questions

Is Nemotron 3.5 Lightning or Mistral Small 4 cheaper?

Nemotron 3.5 Lightning is cheaper for a typical chat (2K input tokens and 500 output tokens). Nemotron 3.5 Lightning costs $0.07 per 1M input tokens and $0.20 per 1M output tokens, while Mistral Small 4 costs $0.15 per 1M input tokens and $0.60 per 1M output tokens.

Which has a bigger context window, Nemotron 3.5 Lightning or Mistral Small 4?

Nemotron 3.5 Lightning supports up to 262K tokens of context, compared with 262K for Mistral Small 4.

Is Nemotron 3.5 Lightning smarter than Mistral Small 4?

On the Artificial Analysis Intelligence Index, Nemotron 3.5 Lightning scores 5.5 and Mistral Small 4 scores 4.3, putting Nemotron 3.5 Lightning ahead. Benchmarks don't capture everything, so the best test is running your own prompts through both.

Can I use Nemotron 3.5 Lightning and Mistral Small 4 at the same time?

Yes. Shortcut Chat sends one prompt to multiple models at once, so you can see Nemotron 3.5 Lightning and Mistral Small 4 answer side by side and keep the better response.

nvidia logomistralai logo

Why choose? Ask both.

Send one prompt to Nemotron 3.5 Lightning and Mistral Small 4 at the same time. Compare the answers side by side and keep the best one.