---
title: "mistral-small-3-1-24b-instruct-2503 Cost Calculator - IBM watsonx"
description: "Calculate the cost of using mistral-small-3-1-24b-instruct-2503 from IBM watsonx. Input costs $0.11 and output $0.32 per 1M tokens."
url: "https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/llm-cost-calculator/provider/watsonx/model/mistral-small-3-1-24b-instruct-2503"
markdown: "https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/llm-cost-calculator/provider/watsonx/model/mistral-small-3-1-24b-instruct-2503.md"
---

# mistral-small-3-1-24b-instruct-2503 Cost Calculator - IBM watsonx

> Calculate the cost of using mistral-small-3-1-24b-instruct-2503 from IBM watsonx. Input costs $0.11 and output $0.32 per 1M tokens.

## Important Links

- [View MCP Gateway](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/resources/mcp-gateway.md)
- [Features](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/#features)
- [Enterprise](https://www.getmaxim.ai/enterprise)
- [Pricing](https://www.getmaxim.ai/pricing)
- [Docs](https://docs.getbifrost.ai)
- [GitHub](https://github.com/maximhq/bifrost)
- [Book a Demo](https://www.getmaxim.ai/book-a-demo)

## About mistral-small-3-1-24b-instruct-2503

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 $0.11 per 1M input tokens and $0.32 per 1M output tokens, ranking 497 out of 3254 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.

## Pricing

Published IBM watsonx pricing for mistral-small-3-1-24b-instruct-2503.

- **$0.11 / 1M tokens Input.**
- **$0.32 / 1M tokens Output.**

## Technical Specifications

- **Chat Mode.**
- **32,000 Max Input Tokens.**
- **32,000 Max Output Tokens.**
- **32,000 Max Tokens.**

## Model Capabilities

mistral-small-3-1-24b-instruct-2503 supports: Function Calling, Parallel Function Calling.

## How Pricing Compares

At $0.11 per 1M input tokens and $0.32 per 1M output tokens, mistral-small-3-1-24b-instruct-2503 ranks 497 out of 3254 chat models by input cost. It is more affordable compared to the median of $0.52 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 | Output $/1M | vs mistral-small-3-1-24b-instruct-2503 |
| --- | --- | --- | --- | --- |
| gpt-4.1-nano | Azure | $0.10 | $0.40 | -6% |
| gpt-4.1-nano-2025-04-14 | Azure | $0.10 | $0.40 | -6% |
| Phi-4 | Azure | $0.13 | $0.50 | +18% |
| Phi-4-reasoning | Azure | $0.13 | $0.50 | +18% |
| mistral-small-2503 | Azure | $0.10 | $0.30 | -6% |

## More from IBM watsonx

- [granite-guardian-3-2-2b ($0.10/1M input)](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/llm-cost-calculator/provider/watsonx/model/granite-guardian-3-2-2b.md)
- [granite-vision-3-2-2b ($0.10/1M input)](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/llm-cost-calculator/provider/watsonx/model/granite-vision-3-2-2b.md)
- [llama-3-2-1b-instruct ($0.10/1M input)](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/llm-cost-calculator/provider/watsonx/model/llama-3-2-1b-instruct.md)
- [mistral-small-2503 ($0.10/1M input)](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/llm-cost-calculator/provider/watsonx/model/mistral-small-2503.md)

## Related Resources

- [All IBM watsonx pricing](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/llm-cost-calculator/provider/watsonx.md)

## FAQ

### Is mistral-small-3-1-24b-instruct-2503 cheaper than gpt-4.1-nano?

No. mistral-small-3-1-24b-instruct-2503 costs $0.11 per 1M input tokens while gpt-4.1-nano costs $0.10 per 1M input tokens, making gpt-4.1-nano 6% more affordable for input. However, mistral-small-3-1-24b-instruct-2503 may offer different capabilities or performance characteristics that justify the price difference.

### How does mistral-small-3-1-24b-instruct-2503 pricing compare to the average chat model?

mistral-small-3-1-24b-instruct-2503 input pricing is $0.11 per 1M tokens, which is 79% below the median of $0.52 for chat models. It ranks 497 out of 3254 chat models by input cost, making it cheaper than 85% of models in this category. For output, it costs $0.32 per 1M tokens compared to the median of $1.50.

### What makes mistral-small-3-1-24b-instruct-2503 different from other IBM watsonx models?

Among IBM watsonx's 28 chat models, mistral-small-3-1-24b-instruct-2503 ranks 6 by input cost.

### What are the best alternatives to mistral-small-3-1-24b-instruct-2503?

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-reasoning from Azure ($0.13/1M 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.

### How do I calculate mistral-small-3-1-24b-instruct-2503 costs?

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 $0.11 and generating 1M output tokens costs $0.32.

## Related Resources

- [All IBM watsonx pricing](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/llm-cost-calculator/provider/watsonx.md)
- [LLM cost calculator](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/llm-cost-calculator.md)
- [Model library](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/model-library.md)
- [Docs: Bifrost docs](https://docs.getbifrost.ai)
- [GitHub: maximhq/bifrost](https://github.com/maximhq/bifrost)
- [Pricing: Bifrost pricing](https://www.getmaxim.ai/pricing)
- [Enterprise: Bifrost enterprise](https://www.getmaxim.ai/enterprise)
- [Book a Demo: Bifrost demo](https://www.getmaxim.ai/book-a-demo)
- [Resources: Bifrost resources](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/resources.md)

---

*This is a markdown version of [https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/llm-cost-calculator/provider/watsonx/model/mistral-small-3-1-24b-instruct-2503](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/llm-cost-calculator/provider/watsonx/model/mistral-small-3-1-24b-instruct-2503) for AI/LLM consumption.*