Mistral Small 3.1 vs Nemotron 4 340B

Compare Mistral Small 3.1 and Nemotron 4 340B: pricing, performance, context window, latency, and best use cases. Side-by-side comparison on XALEN.

Updated 2026-05-21 · By Abhishek Raj · Our methodology

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Feature Mistral Small 3.1 Nemotron 4 340B
CategoryCompactOpen Source
Parameters24B340B
Context Window128K128K
Input Price$0.02/1M tokens$0.07/1M tokens
Output Price$0.04/1M tokens$0.12/1M tokens
Latency~120ms~500ms

Choose Mistral Small 3.1 when:

  • ✓ Lightweight tasks
  • ✓ Classification
  • ✓ Simple generation
Key Strengths:

128K context, Low cost, Fast

Choose Nemotron 4 340B when:

  • ✓ Data generation
  • ✓ Training data
  • ✓ Research
Key Strengths:

Synthetic data generation, Large scale, Good quality

Verdict: Mistral Small 3.1 vs Nemotron 4 340B

For cost efficiency, Mistral Small 3.1 wins at $0.02/1M input tokens. For speed, Mistral Small 3.1 is faster at ~120ms. Mistral Small 3.1 excels at Lightweight tasks while Nemotron 4 340B is better for Data generation. Both are available on XALEN through a single API — try them in the Playground to see which fits your workload.

Detailed Analysis

Pricing Comparison

Mistral Small 3.1 costs $0.02/1M input tokens and $0.04/1M output tokens. Nemotron 4 340B costs $0.07 input and $0.12 output. Mistral Small 3.1 is 3.5x cheaper on input tokens. XALEN offers batch processing at 50% discount on both models.

Performance & Context

Mistral Small 3.1 has a 128K context window with ~120ms latency. Nemotron 4 340B offers 128K context at ~500ms. Both have identical context windows.

Best For

Mistral Small 3.1 (Compact) is optimized for: Lightweight tasks, Classification, Simple generation. Nemotron 4 340B (Open Source) works best for: Data generation, Training data, Research.

Try Both on XALEN

Both models are available through XALEN's OpenAI-compatible API. Switch between them by changing the model parameter:

from xalen import XALEN

client = XALEN(api_key="xln_test_YOUR_KEY")

# Use Mistral Small 3.1
response_a = client.chat.completions.create(
    model="mistral-small-3-1",
    messages=[{"role": "user", "content": "Your question here"}]
)

# Use Nemotron 4 340B
response_b = client.chat.completions.create(
    model="nemotron-4-340b",
    messages=[{"role": "user", "content": "Your question here"}]
)

Start Building with XALEN

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Get API Key Try in Playground

Frequently Asked Questions

Which is better, Mistral Small 3.1 or Nemotron 4 340B?

Mistral Small 3.1 (Compact, 24B) offers 128K context. Nemotron 4 340B (Open Source, 340B) offers Synthetic data generation. Choose Mistral Small 3.1 for Lightweight tasks or Nemotron 4 340B for Data generation.

How much does Mistral Small 3.1 cost vs Nemotron 4 340B?

Mistral Small 3.1: $0.02/1M input, $0.04/1M output. Nemotron 4 340B: $0.07/1M input, $0.12/1M output. Both available on XALEN with batch processing at 50% discount.

Can I use both models on XALEN?

Yes. XALEN provides 200+ models through a single OpenAI-compatible API. Switch between Mistral Small 3.1 and Nemotron 4 340B by changing the model parameter. No code changes needed.

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Last updated: 2026-05-21. Pricing and specifications may change. Check pricing page for latest rates.