AI model comparison

Step 5 Preview vs Mistral Large 4

Pricing, context window, benchmarks, and features compared side by side. Or skip the guesswork and send one prompt to both.

Step 5 Preview is StepFun's flagship model for agentic work, built on a sparse Mixture-of-Experts architecture (27B active / 600B total parameters).

Input / 1M
$1
Output / 1M
$2.70
Context
1.05M

Mistral Large 4 is a frontier multimodal (text and image input) model from Mistral AI built for reasoning, coding, and agentic workloads.

Input / 1M
$0.68
Output / 1M
$2.09
Context
1.05M

At a glance

Quick verdict

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

Lower price

mistralai logo

Mistral Large 4

1.4x cheaper for a typical chat

Higher intelligence score

stepfun logo

Step 5 Preview

43.7 vs 38.4 on Artificial Analysis

Larger context window

Tie

1.05M vs 1.05M tokens

Newer release

stepfun logo

Step 5 Preview

Released October 8, 2026

Benchmarks

Benchmark scores

Independent scores from Artificial Analysis. Higher is better.

Intelligence index

stepfun logoStep 5 Preview43.7
mistralai logoMistral Large 438.4

Coding index

stepfun logoStep 5 PreviewNot available
mistralai logoMistral Large 4Not available

Agentic index

stepfun logoStep 5 PreviewNot available
mistralai logoMistral Large 4Not available

Pricing

Step 5 Preview vs Mistral Large 4 API pricing

Per-token API rates. Cheaper option highlighted.

Metricstepfun logoStep 5 Previewmistralai logoMistral Large 4
Input tokensPer 1M tokens$1$0.68
Output tokensPer 1M tokens$2.70$2.09
Cached input (read)Per 1M tokens$0.05$0.07
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

stepfun logoStep 5 Preview$3.35
mistralai logoMistral Large 4$2.40

Coding task

30K in, 4K out

stepfun logoStep 5 Preview$40.80$12.30 cached
mistralai logoMistral Large 4$28.76$10.46 cached

Long document summary

150K in, 2K out

stepfun logoStep 5 Preview$155.40$12.90 cached
mistralai logoMistral Large 4$106.18$14.68 cached

Specs

Context window and capabilities

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

Metricstepfun logoStep 5 Previewmistralai logoMistral Large 4
Context window1.05M tokens1.05M tokens
Max output64K tokens262K tokens
Input typesImage, Text, VideoImage, Text
Output typesTextText
Reasoning effort levelsHigh, Medium, LowHigh, None
Default reasoning effortMediumHigh
Release dateOctober 8, 2026October 6, 2026

Features

Supported features

API features available for each model.

Metricstepfun logoStep 5 Previewmistralai logoMistral Large 4
Tool callingSupportedSupported
Structured outputsSupportedSupported
JSON modeSupportedSupported
ReasoningSupportedSupported
TemperatureSupportedSupported
Stop sequencesSupportedSupported
Deterministic seedSupportedSupported
Verbosity controlNot supportedNot supported

Our take

Mistral Large 4 is 1.4x cheaper for a typical chat. Step 5 Preview scores higher on the Artificial Analysis Intelligence Index (43.7 vs 38.4). 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 Step 5 Preview or Mistral Large 4 cheaper?

Mistral Large 4 is cheaper for a typical chat (2K input tokens and 500 output tokens). Mistral Large 4 costs $0.68 per 1M input tokens and $2.09 per 1M output tokens, while Step 5 Preview costs $1 per 1M input tokens and $2.70 per 1M output tokens.

Which has a bigger context window, Step 5 Preview or Mistral Large 4?

Step 5 Preview supports up to 1.05M tokens of context, compared with 1.05M for Mistral Large 4.

Is Step 5 Preview smarter than Mistral Large 4?

On the Artificial Analysis Intelligence Index, Step 5 Preview scores 43.7 and Mistral Large 4 scores 38.4, putting Step 5 Preview ahead. Benchmarks don't capture everything, so the best test is running your own prompts through both.

Can I use Step 5 Preview and Mistral Large 4 at the same time?

Yes. Shortcut Chat sends one prompt to multiple models at once, so you can see Step 5 Preview and Mistral Large 4 answer side by side and keep the better response.

stepfun logomistralai logo

Why choose? Ask both.

Send one prompt to Step 5 Preview and Mistral Large 4 at the same time. Compare the answers side by side and keep the best one.