Calculate the cost of using mistral-small-3-1-24b-instruct-2503 from IBM watsonx for your AI applications
Pricing data last updated:
Mode: Chat
Max: 32,000 tokens
Max: 32,000 tokens
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mistral-small-3-1-24b-instruct-2503 is a chat model from IBM watsonx, one of 28 chat models they offer. It is priced at $0.10 per 1M input tokens and $0.30 per 1M output tokens, ranking 285 out of 2292 chat models by cost and cheaper than 85% of models in this category. mistral-small-3-1-24b-instruct-2503 supports function calling. It accepts up to 32K input tokens.
Note: Use the interactive calculator above to estimate costs for your specific usage patterns.
Use the maximum token limits shown above to understand the model's capacity. This model can handle up to 32,000 input tokens. The maximum output length is 32,000 tokens.
At $0.10 per 1M input tokens and $0.30 per 1M output tokens, mistral-small-3-1-24b-instruct-2503 ranks 285 out of 2292 chat models by input cost. It is more affordable compared to the median of $0.55 for chat models, and is cheaper than 85% of models in this category.
mistral-small-3-1-24b-instruct-2503 is one of 28 IBM watsonx chat models, with support for function calling.
| Model | Provider | Input / 1M tokens | Output / 1M tokens | vs mistral-small-3-1-24b-instruct-2503 |
|---|---|---|---|---|
| gpt-4.1-nano | Azure | $0.10 | $0.40 | 0% |
| gpt-4.1-nano-2025-04-14 | Azure | $0.10 | $0.40 | 0% |
| Phi-4 | Azure | $0.13 | $0.50 | +25% |
Similar chat models from other providers
No. mistral-small-3-1-24b-instruct-2503 costs $0.10 per 1M input tokens while gpt-4.1-nano costs $0.10 per 1M input tokens, making gpt-4.1-nano 0% more affordable for input. However, mistral-small-3-1-24b-instruct-2503 may offer different capabilities or performance characteristics that justify the price difference.
mistral-small-3-1-24b-instruct-2503 input pricing is $0.10 per 1M tokens, which is 82% below the median of $0.55 for chat models. It ranks 285 out of 2292 chat models by input cost, making it cheaper than 85% of models in this category. For output, it costs $0.30 per 1M tokens compared to the median of $1.50.
Among IBM watsonx's 28 chat models, mistral-small-3-1-24b-instruct-2503 ranks 6 by input cost.
The most comparable chat models to mistral-small-3-1-24b-instruct-2503 are: gpt-4.1-nano from Azure ($0.10/1M input tokens); gpt-4.1-nano-2025-04-14 from Azure ($0.10/1M input tokens); Phi-4 from Azure ($0.13/1M input tokens); Phi-4-multimodal-instruct from Azure ($0.08/1M input tokens). These alternatives were selected based on similar capabilities, pricing, and provider diversity. You can compare any of these models in detail using the Bifrost Model Library.
mistral-small-3-1-24b-instruct-2503 is priced based on input and output tokens. Use the interactive calculator at the top of this page to estimate costs for your specific workload. Enter your expected input and output tokens volume and the calculator will show the total cost breakdown. For reference, processing 1M input tokens costs $0.10 and generating 1M output tokens costs $0.30.
