DeepSeek V3.2 vs Kimi K3 (Comparative Analysis)
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Comparative Analysis: DeepSeek V3.2 vs. Kimi K3
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Overview
DeepSeek V3.2 was released 7 months before Kimi K3.
 DeepSeek V3.2 |  Kimi K3 | |
|---|---|---|
Model Provider The organization behind this AI's development | DeepSeek | MoonshotAI |
Input Context Window Maximum input tokens this model can process at once | 163.8K tokens | 1M tokens |
Output Token Limit Maximum output tokens this model can generate at once | 65.5K tokens | Not specified tokens |
Release Date When this model first became publicly available | December 1, 2025 7 months ago December 1st, 2025 | July 16, 2026 10 days ago July 16th, 2026 |
Capabilities & Features
Compare supported features, modalities, and advanced capabilities
DeepSeek V3.2 | Kimi K3 | |
|---|---|---|
Input Types Supported input formats | 📝Text | 📝Text🖼️Image |
Reasoning Controls Defaults and configurable reasoning effort | Optional | Enabled by defaultEffort: Max, High, LowDefault: Max |
Output Types Supported output formats | 📝Text | 📝Text |
Tokenizer Text encoding system | DeepSeek | Other |
Key Features Advanced capabilities | ✓Function Calling✓Structured Output✓Reasoning ModeContent Moderation | ✓Function Calling✓Structured Output✓Reasoning ModeContent Moderation |
Open Source Model availability | Available on HuggingFace → | Proprietary |
Pricing
DeepSeek V3.2 is roughly 0.09x less expensive compared to Kimi K3 for input tokens and roughly 0.03x less expensive for output tokens.
| DeepSeek V3.2 | Kimi K3 | |
|---|---|---|
Input Token Cost Cost per million input tokens | $0.27 per million tokens | $3.00 per million tokens |
Output Token Cost Cost per million output tokens | $0.40 per million tokens | $15.00 per million tokens |
Cache Read Cost Cost to reuse cached input tokens | $0.13 per million tokens | $0.30 per million tokens |
Benchmarks
Compare relevant benchmarks between DeepSeek V3.2 and Kimi K3.
| DeepSeek V3.2 | Kimi K3 | |
|---|---|---|
Intelligence Index Overall model quality across independent evaluations | 32 (Artificial Analysis index; higher is better) | 57.1 (Artificial Analysis index; higher is better) |
Coding Index Programming performance across independent evaluations | 44.2 (Artificial Analysis index; higher is better) | 76.2 (Artificial Analysis index; higher is better) |
Agentic Index Ability to complete multi-step agentic tasks | 18.3 (Artificial Analysis index; higher is better) | 50.1 (Artificial Analysis index; higher is better) |
Best Design Arena Score Highest human-preference Elo score across design arenas | 1,200 Elo (#55 in Website (50.1% win rate)) | 1,458 Elo (#1 in 3D (69.7% win rate)) |
At a Glance
Quick overview of what makes DeepSeek V3.2 and Kimi K3 unique.
DeepSeek 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.Kimi K3 by MoonshotAI understands both text and images, can use external tools and APIs, offers advanced reasoning, generates structured data. It can handle standard conversations with its 1M token context window. Premium pricing at $3.00/M input and $15.00/M output tokens. Released July 16th, 2026.Explore More Comparisons
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Technical analysis and explanations
🔬Science
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