Mistral: Mistral Large 4 vs Sakana: Fugu Max
Side-by-side comparison of specs, pricing, benchmark scores, and task rankings. Updated 2026-10-13.
| Mistral: Mistral Large 4 | Sakana: Fugu Max | |
|---|---|---|
| Vendor | mistralai | sakana |
| Quality Score | 100 | 100 |
| Input Price | $0.68/M | $2.00/M |
| Output Price | $2.09/M | $6.00/M |
| Context Window | 1,048,576 | 1,000,000 |
| Max Output | 262,144 | 128,000 |
| Tool Calling | ✓ | ✓ |
| Structured Output | ✓ | ✓ |
| Reasoning Mode | ✓ | ✓ |
| Vision | ✓ | ✓ |
| Audio | - | - |
The verdict
For a sample job of 1 million input tokens and 250,000 output tokens, Mistral Large 4 costs $1.20 and Fugu Max costs $3.50, so Mistral Large 4 is about 2.9 times cheaper for the same work.
Both take in a similar amount of text: 1,048,576 and 1,000,000 tokens, about 1,573 and 1,500 pages.
Across the 10 tasks where they differ, Mistral Large 4 scores higher on 10 (SQL Generation, Code Completion, Code Documentation and others).
Mistral Large 4 was released in October 2026 and Fugu Max in September 2026.
Pick Mistral Large 4 if you need lower cost or the stronger all-round task scores.
Costs use current list prices per million tokens; page counts assume about 0.75 words per token and 500 words per page.
Who wins by task?
| Task | Mistral: Mistral Large 4 | Sakana: Fugu Max |
|---|---|---|
| SQL Generation | 133 | 133 |
| Code Completion | 131 | 118 |
| Code Documentation | 131 | 130 |
| Regex Writing | 119 | 118 |
| CSV / Spreadsheet Cleanup | 133 | 133 |
| JSON Extraction | 131 | 122 |
| Bulk Data Labeling | 129 | 119 |
| Long-Document Summarization | 137 | 137 |
| Short-Form Summarization | 123 | 114 |
| Blog Post Writing | 121 | 121 |
Scores reflect capability match + benchmark data + pricing for each task. Methodology →