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DeepSeek V3.2 vs Qwen3 Max (Comparative Analysis)

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Comparative Analysis: DeepSeek V3.2 vs. Qwen3 Max
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Overview

Qwen3 Max was released 2 months before DeepSeek V3.2.
DeepSeek V3.2DeepSeek V3.2
Qwen3 MaxQwen3 Max
Model Provider
The organization behind this AI's development
DeepSeek logoDeepSeek
Qwen logoQwen
Input Context Window
Maximum input tokens this model can process at once
163.8K
tokens
262.1K
tokens
Output Token Limit
Maximum output tokens this model can generate at once
65.5K
tokens
32.8K
tokens
Release Date
When this model first became publicly available
December 1st, 2025
September 23rd, 2025
Knowledge Cutoff
Latest training-data date reported by the provider
Not reported
June 30, 2025

Capabilities & Features

Compare supported features, modalities, and advanced capabilities
DeepSeek V3.2
Qwen3 Max
Input Types
Supported input formats
📝Text
📝Text
Reasoning Controls
Defaults and configurable reasoning effort
Optional
Optional
Output Types
Supported output formats
📝Text
📝Text
Tokenizer
Text encoding system
DeepSeekQwen3
Key Features
Advanced capabilities
Function CallingStructured OutputReasoning ModeContent Moderation
Function CallingStructured OutputReasoning ModeContent Moderation
Open Source
Model availability
Available on HuggingFace →Proprietary

Pricing

DeepSeek V3.2 is roughly 0.3x less expensive compared to Qwen3 Max for input tokens and roughly 0.1x less expensive for output tokens.
DeepSeek V3.2DeepSeek V3.2
Qwen3 MaxQwen3 Max
Short Context Pricing
Base rates before a long-context threshold applies
Input Token Cost
Cost per million input tokens
$0.27
per million tokens
$0.78
per million tokens
Output Token Cost
Cost per million output tokens
$0.40
per million tokens
$3.90
per million tokens
Cache Read Cost
Cost to reuse cached input tokens
$0.13
per million tokens
$0.16
per million tokens
Cache Write Cost
Cost to write input tokens to the cache
Not specified
$0.97
per million tokens
Long Context Pricing
Rates for prompts with 32,000 or more tokens
Input Token Cost
Long-context input cost per million tokens
Not specified
$1.56
per million tokens
Output Token Cost
Long-context output cost per million tokens
Not specified
$7.80
per million tokens
Cache Read Cost
Long-context cache read cost per million tokens
Not specified
$0.31
per million tokens
Cache Write Cost
Long-context cache write cost per million tokens
Not specified
$1.95
per million tokens
Long Context Pricing
Rates for prompts with 128,000 or more tokens
Input Token Cost
Long-context input cost per million tokens
Not specified
$1.95
per million tokens
Output Token Cost
Long-context output cost per million tokens
Not specified
$9.75
per million tokens
Cache Read Cost
Long-context cache read cost per million tokens
Not specified
$0.39
per million tokens
Cache Write Cost
Long-context cache write cost per million tokens
Not specified
$2.44
per million tokens

Benchmarks

Compare relevant benchmarks between DeepSeek V3.2 and Qwen3 Max.
DeepSeek V3.2DeepSeek V3.2
Qwen3 MaxQwen3 Max
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 (50.2% win rate))
1,166 Elo
(#38 in Asciiart (47.2% win rate))

At a Glance

Quick overview of what makes DeepSeek V3.2 and Qwen3 Max 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.
Qwen logoQwen3 Max by Qwen can use external tools and APIs, generates structured data. It can handle standard conversations with its 262.1K token context window. Reasonably priced at $0.78/M input and $3.90/M output tokens. Released September 23rd, 2025.

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