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Comparison · 2 models · Updated Nov 2, 2026

ERNIE 4.5 21B A3B vs Mistral Small 3.2 24B

Mistral Small 3.2 24B comes out ahead, 65 to 57 on our weighted score, though ERNIE 4.5 21B A3B is 19% cheaper per token.

  1. Baidu

    ERNIE 4.5 21B A3B

    Released Jun 30, 2025

    57/100
    • ECI—
    • Price$0.07 / $0.28
    • Context131K
  2. Our pick

    Mistral AI

    Mistral Small 3.2 24B

    Released Jun 20, 2025

    65/100
    • ECI—
    • Price$0.10 / $0.305
    • Context256K
  3. Add a model

    Make it a three-way comparison.

01 — Verdict

Mistral Small 3.2 24B is our pick

Mistral Small 3.2 24B is the better all-round choice, scoring 65/100 against ERNIE 4.5 21B A3B (57). It leads on inputs & features and context window. ERNIE 4.5 21B A3B wins on price. The score weighs price 50%, inputs & features 30%, context window 20%. None of the shared benchmarks cover every model here yet, so capability is left out of this verdict.

  • CapabilityNot enough dataNo independent benchmark covers every model here yet
  • Lowest priceERNIE 4.5 21B A3BERNIE 4.5 21B A3B $0.122 · Mistral Small 3.2 24B $0.151 per 1M tokens (3:1 blend)
  • Longest contextMistral Small 3.2 24BMistral Small 3.2 24B 256,000 · ERNIE 4.5 21B A3B 131,072 tokens
  • Widest inputsMistral Small 3.2 24BERNIE 4.5 21B A3B: Text · Mistral Small 3.2 24B: Text, Images
  • Self-hostingAll open weightsEvery model here can be downloaded and run on your own hardware
How the score is built
MeasureWeightERNIE 4.5 21B A3BMistral Small 3.2 24B
Price50%8985
Inputs & features30%2550
Context window20%2536
Overall100%57/10065/100

Left out because at least one model lacks the data: capability. The remaining weights were rescaled.

02 — Side by side

Every spec in one table

Highlighted cells lead their row. Dashes mean the data is not published.

ERNIE 4.5 21B A3B vs Mistral Small 3.2 24B specifications side by side
SpecificationERNIE 4.5 21B A3BBaiduMistral Small 3.2 24BMistral AI
Capability
Capabilities Index (ECI)——
ECI rank——
Price per million tokens
Input$0.07 (best)$0.10
Output$0.28 (best)$0.305
Cached input——
Blended (3:1)$0.122 (best)$0.151
Long-context rateSame rateSame rate
Price sourceMedian of 1 providersMedian of 8 providers
Limits
Context window131,072 tokens256,000 tokens (best)
Max output8,000 tokens16,384 tokens (best)
Inputs and features
TextYesYes
ImagesNoYes
PDFsNoNo
AudioNoNo
VideoNoNo
ReasoningNoNo
Tool callingYesYes
Structured outputNoNo
Availability
WeightsOpenApache-2.0Open
API model ID——
API providers18 (best)
ReleasedJun 30, 2025Jun 20, 2025
Knowledge cutoff—Oct 31, 2023
03 — Cost

What would a month cost?

Enter your expected volume in millions of tokens. List prices only; caching and batch discounts would lower these.

  • ERNIE 4.5 21B A3B$1.26
  • Mistral Small 3.2 24B$1.61
04 — Questions

Which should you choose?

Which is better: ERNIE 4.5 21B A3B or Mistral Small 3.2 24B?

Mistral Small 3.2 24B is the better all-round choice, scoring 65/100 against ERNIE 4.5 21B A3B (57). It leads on inputs & features and context window. ERNIE 4.5 21B A3B wins on price. The score weighs price 50%, inputs & features 30%, context window 20%. None of the shared benchmarks cover every model here yet, so capability is left out of this verdict.

Which is cheaper, ERNIE 4.5 21B A3B or Mistral Small 3.2 24B?

ERNIE 4.5 21B A3B is cheaper at $0.07 input / $0.28 output per million tokens (median across 1 API provider). Mistral Small 3.2 24B costs $0.10 input / $0.305 output per million tokens (median across 8 API providers). At a typical mix of three input tokens to one output token, that is $0.122 per million tokens for ERNIE 4.5 21B A3B versus $0.151 for Mistral Small 3.2 24B (1.2× as much).

Which scores higher on benchmarks?

There is no independent benchmark that covers both models yet. ERNIE 4.5 21B A3B has not been scored yet and Mistral Small 3.2 24B has not been scored yet.

Which is better for coding?

There are no published SWE-bench Verified results for ERNIE 4.5 21B A3B and Mistral Small 3.2 24B yet, so there is no like-for-like coding score. Test both on a sample of your own tasks. Both support tool calling for agent workflows.

Which has the bigger context window?

Mistral Small 3.2 24B has the largest context window at 256,000 tokens, against 131,072 for ERNIE 4.5 21B A3B. Maximum output per response: ERNIE 4.5 21B A3B up to 8,000, Mistral Small 3.2 24B up to 16,384 tokens.

Which can read images, PDFs, audio or video?

ERNIE 4.5 21B A3B accepts text; Mistral Small 3.2 24B accepts text and images. Mistral Small 3.2 24B handles the widest range of inputs.

Are any of these open source?

Yes, both publish their weights (Apache-2.0), so you can self-host them.

Which is newer?

ERNIE 4.5 21B A3B is the newest, released Jun 30, 2025. Mistral Small 3.2 24B came out Jun 20, 2025. Knowledge cutoff: Mistral Small 3.2 24B Oct 31, 2023.

How do you decide the winner?

Each model gets a 0–100 score on capability (50%, independent benchmark results); price (25%, blended price per million tokens (3 input : 1 output), log scale); inputs & features (15%, image, PDF, audio and video input, tool calling, structured output and reasoning); context window (10%, maximum tokens per request, log scale). Dimensions missing for any model are dropped and the remaining weights rescaled, so every model is judged on the same evidence. Specs and prices come from public model listings and the labs’ own API pages; capability scores come from independent benchmark runs. Data updated Nov 2, 2026.