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DeepSeek V3.2 vs Kimi K2 0711 (Comparative Analysis)

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Comparative Analysis: DeepSeek V3.2 vs. Kimi K2 0711
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Overview

Kimi K2 0711 was released 4 months before DeepSeek V3.2.
DeepSeek V3.2DeepSeek V3.2
Kimi K2 0711Kimi K2 0711
Model Provider
The organization behind this AI's development
DeepSeek logoDeepSeek
MoonshotAI logoMoonshotAI
Input Context Window
Maximum input tokens this model can process at once
163.8K
tokens
131.1K
tokens
Output Token Limit
Maximum output tokens this model can generate at once
65.5K
tokens
100.4K
tokens
Release Date
When this model first became publicly available
December 1st, 2025
July 11th, 2025
Knowledge Cutoff
Latest training-data date reported by the provider
Not reported
December 31, 2024

Capabilities & Features

Compare supported features, modalities, and advanced capabilities
DeepSeek V3.2
Kimi K2 0711
Input Types
Supported input formats
📝Text
📝Text
Reasoning Controls
Defaults and configurable reasoning effort
Optional
Not reported
Output Types
Supported output formats
📝Text
📝Text
Tokenizer
Text encoding system
DeepSeekOther
Key Features
Advanced capabilities
Function CallingStructured OutputReasoning ModeContent Moderation
Function CallingStructured OutputReasoning ModeContent Moderation
Open Source
Model availability
Available on HuggingFace →Available on HuggingFace →

Pricing

DeepSeek V3.2 is roughly 0.5x less expensive compared to Kimi K2 0711 for input tokens and roughly 0.2x less expensive for output tokens.
DeepSeek V3.2DeepSeek V3.2
Kimi K2 0711Kimi K2 0711
Input Token Cost
Cost per million input tokens
$0.27
per million tokens
$0.57
per million tokens
Output Token Cost
Cost per million output tokens
$0.40
per million tokens
$2.30
per million tokens
Cache Read Cost
Cost to reuse cached input tokens
$0.13
per million tokens
Not specified

Benchmarks

Compare relevant benchmarks between DeepSeek V3.2 and Kimi K2 0711.
DeepSeek V3.2DeepSeek V3.2
Kimi K2 0711Kimi K2 0711
Intelligence Index
Overall model quality across independent evaluations
32
(Artificial Analysis index; higher is better)
Benchmark not available.
Coding Index
Programming performance across independent evaluations
44.2
(Artificial Analysis index; higher is better)
Benchmark not available.
Agentic Index
Ability to complete multi-step agentic tasks
18.3
(Artificial Analysis index; higher is better)
Benchmark not available.
Best Design Arena Score
Highest human-preference Elo score across design arenas
1,200 Elo
(#55 in Website (50.1% win rate))
1,077 Elo
(#92 in Website (53.1% win rate))

At a Glance

Quick overview of what makes DeepSeek V3.2 and Kimi K2 0711 unique.
DeepSeek logoDeepSeek V3.2 by DeepSeek can use external tools and APIs, offers advanced reasoning, generates structured data. It can handle standard conversations with its 163.8K token context window. Very affordable at $0.27/M input and $0.40/M output tokens. Released December 1st, 2025.
MoonshotAI logoKimi K2 0711 by MoonshotAI can use external tools and APIs. It can handle standard conversations with its 131.1K token context window. Reasonably priced at $0.57/M input and $2.30/M output tokens. Released July 11th, 2025.

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