Is DeepSeek V3.2 or Kimi K2 Thinking cheaper?

DeepSeek V3.2 is cheaper on output tokens ($0.38 vs $2.60 per 1M).

Which has the larger context window, DeepSeek V3.2 or Kimi K2 Thinking?

Kimi K2 Thinking has the larger context window (262K tokens).

DeepSeek V3.2 vs Kimi K2 Thinking

DeepSeek V3.2 is cheaper on output tokens, while Kimi K2 Thinking offers a larger context window. Choose DeepSeek V3.2 or Kimi K2 Thinking based on the trade-off between cost, context, and the benchmarks that matter for your use case.

Spec	DeepSeek V3.2	Kimi K2 Thinking
Provider	Meganova	Meganova
Input / 1M tokens	$0.26	$0.60
Output / 1M tokens	$0.38	$2.60
Context window	164K	262K
Parameters	—	1T
Open weights	Yes	Yes
Released	Dec 2025	Nov 2025

DeepSeek V3.2 details →Kimi K2 Thinking details →

FAQ

Pricing is indicative — confirm with the provider before production use. Highlighted values indicate the better figure for that row.