o3-mini vs Codestral: Detailed Comparison
Choosing between o3-mini (OpenAI) and
Codestral (Mistral AI) comes down to three things:
per-token pricing, context window, and which capability matters most for your workload.
o3-mini costs $1.10/M input vs
$0.20/M for Codestral;
context windows are 200K vs
32K tokens. Detailed breakdown below.
Side-by-side specs
| Spec | o3-mini | Codestral |
|---|
| Provider | OpenAI | Mistral AI |
|---|
| Released | 2025-01-31 | 2024-05-29 |
|---|
| Input price |
$1.10/M |
$0.20/M |
| Output price |
$4.40/M |
$0.60/M |
| Cached input |
$0.5500/M |
— |
| Context window |
200K |
32K |
| Max output |
100K |
4K |
| Modalities |
text |
text |
| Tokenizer |
o200k_base |
mistral |
Capability matrix
| Capability | o3-mini | Codestral |
|---|
| function calling |
Yes |
Yes |
| json mode |
Yes |
Yes |
| reasoning |
Yes |
No |
| streaming |
No |
Yes |
| code |
No |
Yes |
Per-call cost on typical workloads
| Workload (in/out tokens) | o3-mini | Codestral | Cheaper by |
|---|
| Standard chat (1K / 500) |
$0.003300 |
$0.000500 |
Codestral by $0.002800 |
| RAG (4K / 500) |
$0.006600 |
$0.001100 |
Codestral by $0.005500 |
| Long doc (20K / 1K) |
$0.026400 |
$0.004600 |
Codestral by $0.021800 |
| Very long context (100K / 2K) |
$0.116600 |
$0.020900 |
Codestral by $0.095700 |
When to choose o3-mini over Codestral
- Larger context window (200K vs 32K) — relevant when whole documents or long histories must fit in a single call.
- Supports reasoning — Codestral does not.
When to choose Codestral over o3-mini
- Per-token input cost is 82% lower than o3-mini.
- Supports streaming — o3-mini does not.
- Supports code — o3-mini does not.
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