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DeepSeek V4 Flash vs Qwen Plus 0728 (thinking) (Comparative Analysis)

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Comparative Analysis: DeepSeek V4 Flash vs. Qwen Plus 0728 (thinking)
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Overview

Qwen Plus 0728 (thinking) was released 7 months before DeepSeek V4 Flash.
DeepSeek V4 FlashDeepSeek V4 Flash
Qwen Plus 0728 (thinking)Qwen Plus 0728 (thinking)
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
1M
tokens
1M
tokens
Output Token Limit
Maximum output tokens this model can generate at once
393.2K
tokens
32.8K
tokens
Release Date
When this model first became publicly available
April 24th, 2026
September 8th, 2025
Knowledge Cutoff
Latest training-data date reported by the provider
Not reported
March 31, 2025

Capabilities & Features

Compare supported features, modalities, and advanced capabilities
DeepSeek V4 Flash
Qwen Plus 0728 (thinking)
Input Types
Supported input formats
📝Text
📝Text
Reasoning Controls
Defaults and configurable reasoning effort
OptionalEffort: Extra High, HighDefault: High
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 V4 Flash is roughly 0.5x less expensive compared to Qwen Plus 0728 (thinking) for input tokens and roughly 0.4x less expensive for output tokens.
DeepSeek V4 FlashDeepSeek V4 Flash
Qwen Plus 0728 (thinking)Qwen Plus 0728 (thinking)
Short Context Pricing
Base rates before a long-context threshold applies
Input Token Cost
Cost per million input tokens
$0.14
per million tokens
$0.26
per million tokens
Output Token Cost
Cost per million output tokens
$0.28
per million tokens
$0.78
per million tokens
Cache Read Cost
Cost to reuse cached input tokens
$0.03
per million tokens
Not specified
Cache Write Cost
Cost to write input tokens to the cache
Not specified
$0.33
per million tokens
Long Context Pricing
Rates for prompts with 256,000 or more tokens
Input Token Cost
Long-context input cost per million tokens
Not specified
$0.78
per million tokens
Output Token Cost
Long-context output cost per million tokens
Not specified
$2.34
per million tokens
Cache Write Cost
Long-context cache write cost per million tokens
Not specified
$0.97
per million tokens

Benchmarks

Compare relevant benchmarks between DeepSeek V4 Flash and Qwen Plus 0728 (thinking).
DeepSeek V4 FlashDeepSeek V4 Flash
Qwen Plus 0728 (thinking)Qwen Plus 0728 (thinking)
Intelligence Index
Overall model quality across independent evaluations
40.3
(Artificial Analysis index; higher is better)
Benchmark not available.
Coding Index
Programming performance across independent evaluations
56.2
(Artificial Analysis index; higher is better)
Benchmark not available.
Agentic Index
Ability to complete multi-step agentic tasks
31.1
(Artificial Analysis index; higher is better)
Benchmark not available.
Best Design Arena Score
Highest human-preference Elo score across design arenas
1,254 Elo
(#31 in Game Dev (50.3% win rate))
Benchmark not available.

At a Glance

Quick overview of what makes DeepSeek V4 Flash and Qwen Plus 0728 (thinking) unique.
DeepSeek logoDeepSeek V4 Flash by DeepSeek can use external tools and APIs, offers advanced reasoning, generates structured data. It can handle standard conversations with its 1M token context window. Very affordable at $0.14/M input and $0.28/M output tokens. Released April 24th, 2026.
Qwen logoQwen Plus 0728 (thinking) by Qwen can use external tools and APIs, offers advanced reasoning, generates structured data. It can handle standard conversations with its 1M token context window. Very affordable at $0.26/M input and $0.78/M output tokens. Released September 8th, 2025.

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