Mistral: Mistral 7B Instruct v0.3
Mistral 7B Instruct v0.3 adds function calling support over earlier versions but has no benchmark data available in this listing, making it difficult to assess for business use. At $0.20 per million tokens it is very affordable but limited in demonstrated capability.
Assessment date: March 14, 2026
Our methodology takes into account a range of factors including pricing, functionality, capabilities, benchmark performance, and real-world applicability. Rankings are reviewed and updated regularly as new models are released. Issues with our rankings? Contact us
A high-performing, industry-standard 7.3B parameter model, with optimizations for speed and context length. An improved version of Mistral 7B Instruct v0.2, with the following changes: - Extended vocabulary to 32768
- Supports v3 Tokenizer
- Supports function calling NOTE: Support for function calling depends on the provider.
Capabilities
Architecture
| Modality | Text → Text |
| Tokenizer | Mistral |
| Instruct Type | mistral |
| Parameters | 7B |
Model Information
Pricing
| Token Type | Cost per 1M tokens | Cost per 1K tokens |
|---|---|---|
| Input | $0.20 | $0.000200 |
| Output | $0.20 | $0.000200 |
