GPT-5.6 Luna vs Mistral Small 3.1 24B

GPT-5.6 Luna is the fastest and most cost-efficient model in OpenAI's GPT-5.6 family, which also includes Sol (the flagship tier) and Terra (the balanced mid-tier). Introduced under a new naming convention where the generation number (5.6) and a durable capability tier name (Luna, Terra, Sol) together define each model, Luna occupies the lightweight end of the family and is designed for high-volume, latency-sensitive workloads such as summarization, drafting, autocomplete, classification, and routine automation. The GPT-5.6 family as a whole advances capabilities in software engineering, computer use, professional knowledge work, scientific research, and cybersecurity, with all three tiers rated at the "High" capability level under OpenAI's Preparedness Framework for both cybersecurity and biological/chemical risk domains.

GPT-5.6 Luna supports multimodal input and function calling, and shares the family's 1.5 million token context window. On Terminal-Bench 2.1, Luna scores 82.5%, and on the Artificial Analysis Coding Agent Index it outperforms comparable models at roughly one-quarter the estimated cost of higher-tier alternatives. Luna is priced at $1 per million input tokens and $6 per million output tokens, with cached input reads at $0.10 per million tokens under the GPT-5.6 prompt caching scheme, which introduces explicit cache breakpoints and a 30-minute minimum cache life. The model was previewed on June 26, 2026 to a limited group of trusted partners via the OpenAI API and Codex, with general availability rolling out on July 9, 2026 across ChatGPT, Codex, and the API.

Mistral Small 3.1 24B, released on March 17, 2025, is an open-weight multimodal model from Mistral AI, distributed under the Apache-2.0 license. With around 24B parameters and a 128K token context window, it is available in both base and instruction-tuned (“Instruct”) variants. The model introduces vision support alongside text, enabling tasks like multimodal reasoning, captioning, and image-based Q&A.

It is multilingual, supporting many languages, and is optimized for fast responses, function calling, structured dialogue, and long-context reasoning. Despite its size, the model can be run locally in quantized formats, fitting on machines with ~32GB RAM, making it accessible to developers outside large cloud setups. However, the output length is smaller than the 128K input window, meaning long generations may require chaining. In addition, using full vision features or the maximum context window significantly increases compute costs, and performance on highly complex reasoning or enterprise-scale tasks still trails larger proprietary frontier models.