Mistral Small 3.1 vs Nomic Embed Text v1.5

Compare Mistral Small 3.1 and Nomic Embed Text v1.5: 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 Nomic Embed Text v1.5
CategoryCompactEmbedding
Parameters24B137M
Context Window128K8K
Input Price$0.02/1M tokens$0.001/1M tokens
Output Price$0.04/1M tokensN/A/1M tokens
Latency~120ms~10ms

Choose Mistral Small 3.1 when:

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

128K context, Low cost, Fast

Choose Nomic Embed Text v1.5 when:

  • ✓ Long document embedding
  • ✓ Semantic search
  • ✓ Clustering
Key Strengths:

8K context, Very low cost, Fast

Verdict: Mistral Small 3.1 vs Nomic Embed Text v1.5

For cost efficiency, Nomic Embed Text v1.5 wins at $0.001/1M input tokens. For speed, Nomic Embed Text v1.5 is faster at ~10ms. Mistral Small 3.1 excels at Lightweight tasks while Nomic Embed Text v1.5 is better for Long document embedding. 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. Nomic Embed Text v1.5 costs $0.001 input and N/A output. Nomic Embed Text v1.5 is 20.0x 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. Nomic Embed Text v1.5 offers 8K context at ~10ms. Mistral Small 3.1 has the larger context window.

Best For

Mistral Small 3.1 (Compact) is optimized for: Lightweight tasks, Classification, Simple generation. Nomic Embed Text v1.5 (Embedding) works best for: Long document embedding, Semantic search, Clustering.

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 Nomic Embed Text v1.5
response_b = client.chat.completions.create(
    model="nomic-embed-text-v1-5",
    messages=[{"role": "user", "content": "Your question here"}]
)

Start Building with XALEN

200+ AI models. One API. Pay-as-you-go.

Get API Key Try in Playground

Frequently Asked Questions

Which is better, Mistral Small 3.1 or Nomic Embed Text v1.5?

Mistral Small 3.1 (Compact, 24B) offers 128K context. Nomic Embed Text v1.5 (Embedding, 137M) offers 8K context. Choose Mistral Small 3.1 for Lightweight tasks or Nomic Embed Text v1.5 for Long document embedding.

How much does Mistral Small 3.1 cost vs Nomic Embed Text v1.5?

Mistral Small 3.1: $0.02/1M input, $0.04/1M output. Nomic Embed Text v1.5: $0.001/1M input, N/A/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 Nomic Embed Text v1.5 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.