GPT-5 Mini vs Mistral Medium 3 vs Kimi K2 Thinking
GPT-5 Mini comes out ahead, 65 to 58 and 53 on our weighted score, and it is the cheaper option too.
- Our pick
OpenAIGPT-5 Mini
65/100- ECI145.5
- Price$0.25 / $2.00
- Context400K
Mistral AIMistral Medium 3
53/100- ECI134.1
- Price$0.40 / $2.00
- Context131K
Moonshot AIKimi K2 Thinking
58/100- ECI146.0
- Price$0.60 / $2.50
- Context262K
GPT-5 Mini is our pick
GPT-5 Mini is the better all-round choice, scoring 65/100 against Kimi K2 Thinking (58) and Mistral Medium 3 (53). It leads on price, inputs & features and context window. The score weighs capability 50%, price 25%, inputs & features 15%, context window 10%.
- CapabilityKimi K2 ThinkingCapabilities Index (ECI): Kimi K2 Thinking 146.0 · GPT-5 Mini 145.5 · Mistral Medium 3 134.1
- Lowest priceGPT-5 MiniGPT-5 Mini $0.688 · Mistral Medium 3 $0.80 · Kimi K2 Thinking $1.07 per 1M tokens (3:1 blend)
- Longest contextGPT-5 MiniGPT-5 Mini 400,000 · Kimi K2 Thinking 262,144 · Mistral Medium 3 131,072 tokens
- Widest inputsGPT-5 Mini and Mistral Medium 3GPT-5 Mini: Text, Images · Mistral Medium 3: Text, Images · Kimi K2 Thinking: Text
- Self-hostingKimi K2 ThinkingPublishes downloadable weights
| Measure | Weight | GPT-5 Mini | Mistral Medium 3 | Kimi K2 Thinking |
|---|---|---|---|---|
| CapabilityCapabilities Index (ECI) | 50% | 72 | 58 | 73 |
| Price | 25% | 58 | 54 | 48 |
| Inputs & features | 15% | 70 | 50 | 35 |
| Context window | 10% | 44 | 24 | 37 |
| Overall | 100% | 65/100 | 53/100 | 58/100 |
Every spec in one table
Highlighted cells lead their row. Dashes mean the data is not published.
| Specification | GPT-5 MiniOpenAI | Mistral Medium 3Mistral AI | Kimi K2 ThinkingMoonshot AI |
|---|---|---|---|
| Capability | |||
| Capabilities Index (ECI) | 145.5 | 134.1 | 146.0 (best) |
| ECI rank | #77 of 148 | #117 of 148 | #72 of 148 (best) |
| GPQA DiamondGraduate-level science questions | 75.0% | 59.5% | 84.2% (best) |
| FrontierMath Tiers 1–3Research-level mathematics | 46.7% | — | — |
| OTIS Mock AIME 2024–2025Competition mathematics | 86.7% (best) | 32.2% | 83.1% |
| SWE-bench VerifiedFixing real GitHub issues | 64.7% | — | — |
| SimpleQA VerifiedShort factual questions | 21.6% | — | — |
| Price per million tokens | |||
| Input | $0.25 (best) | $0.40 | $0.60 |
| Output | $2.00 (best) | $2.00 (best) | $2.50 |
| Cached input | $0.025 | — | — |
| Blended (3:1) | $0.688 (best) | $0.80 | $1.07 |
| Long-context rate | Same rate | Same rate | Same rate |
| Price source | Official OpenAI API | Official Mistral API | Median of 10 providers |
| Limits | |||
| Context window | 400,000 tokens (best) | 131,072 tokens | 262,144 tokens |
| Max output | 128,000 tokens | 131,072 tokens | 262,144 tokens (best) |
| Inputs and features | |||
| Text | Yes | Yes | Yes |
| Images | Yes | Yes | No |
| PDFs | No | No | No |
| Audio | No | No | No |
| Video | No | No | No |
| Reasoning | Yesminimal · low · medium · high | No | Yes |
| Tool calling | Yes | Yes | Yes |
| Structured output | Yes | No | No |
| Availability | |||
| Weights | Proprietary | Proprietary | Open |
| API model ID | gpt-5-mini | mistral-medium-2505 | — |
| API providers | 23 (best) | 5 | 10 |
| Released | Aug 7, 2025 | May 7, 2025 | Nov 6, 2025 |
| Knowledge cutoff | May 30, 2024 | May 2025 | Aug 2024 |
What would a month cost?
Enter your expected volume in millions of tokens. List prices only; caching and batch discounts would lower these.
- GPT-5 Mini$6.50
- Mistral Medium 3$8.00
- Kimi K2 Thinking$11.00
Which should you choose?
Which is better: GPT-5 Mini, Mistral Medium 3 or Kimi K2 Thinking?
GPT-5 Mini is the better all-round choice, scoring 65/100 against Kimi K2 Thinking (58) and Mistral Medium 3 (53). It leads on price, inputs & features and context window. The score weighs capability 50%, price 25%, inputs & features 15%, context window 10%.
Which is cheaper, GPT-5 Mini, Mistral Medium 3 or Kimi K2 Thinking?
GPT-5 Mini is cheaper at $0.25 input / $2.00 output per million tokens (official OpenAI API price). Mistral Medium 3 costs $0.40 input / $2.00 output per million tokens (official Mistral API price); Kimi K2 Thinking costs $0.60 input / $2.50 output per million tokens (median across 10 API providers). At a typical mix of three input tokens to one output token, that is $0.688 per million tokens for GPT-5 Mini versus $0.80 for Mistral Medium 3 (1.2× as much) and $1.07 for Kimi K2 Thinking (1.6× as much).
Which scores higher on benchmarks?
Kimi K2 Thinking scores higher on the Capabilities Index (ECI): Kimi K2 Thinking 146.0 (#72 of 148), GPT-5 Mini 145.5 (#77 of 148) and Mistral Medium 3 134.1 (#117 of 148). The confidence ranges of the top two overlap (143.4–147.6 vs 143.6–147.0), so treat the gap as small. On individual benchmarks: GPQA Diamond — Kimi K2 Thinking 84.2%, GPT-5 Mini 75.0%, Mistral Medium 3 59.5%; OTIS Mock AIME 2024–2025 — GPT-5 Mini 86.7%, Kimi K2 Thinking 83.1%, Mistral Medium 3 32.2%.
Which is better for coding?
There are no published SWE-bench Verified results for Mistral Medium 3 and Kimi K2 Thinking yet, so there is no like-for-like coding score. On overall capability, Kimi K2 Thinking leads, which tends to carry over to coding, but test on your own codebase. All three support tool calling for agent workflows.
Which has the bigger context window?
GPT-5 Mini has the largest context window at 400,000 tokens, against 262,144 for Kimi K2 Thinking and 131,072 for Mistral Medium 3. Maximum output per response: GPT-5 Mini up to 128,000, Mistral Medium 3 up to 131,072, Kimi K2 Thinking up to 262,144 tokens.
Which can read images, PDFs, audio or video?
GPT-5 Mini accepts text and images; Mistral Medium 3 accepts text and images; Kimi K2 Thinking accepts text. GPT-5 Mini handles the widest range of inputs.
Are any of these open source?
Kimi K2 Thinking publishes its weights and can be self-hosted; GPT-5 Mini and Mistral Medium 3 is proprietary.
Which is newer?
Kimi K2 Thinking is the newest, released Nov 6, 2025. GPT-5 Mini came out Aug 7, 2025; Mistral Medium 3 came out May 7, 2025. Knowledge cutoff: GPT-5 Mini May 30, 2024, Mistral Medium 3 May 2025, Kimi K2 Thinking Aug 2024.
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 Oct 4, 2026.
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