Kimi K3 vs DeepSeek V4: Price, Specs, Benchmarks

Kimi K3 and DeepSeek V4 are the two open-weight Chinese models most likely to be on a serious shortlist in mid-2026, and they answer different questions. Kimi K3, from Moonshot AI, is the newer, pricier flagship that edges DeepSeek on the one independent intelligence score they share. DeepSeek V4, released three months earlier, is nearly as capable, leads on independent agentic coding, and costs roughly a seventeenth as much per output token. If you are optimizing for cost per finished task, DeepSeek V4 usually wins; if you want the newest flagship, native vision, or the best frontend-coding preference scores, K3 is the pick. Here is the full comparison on price, specs, and benchmarks.

Kimi K3 vs DeepSeek V4 at a glance

	Kimi K3	DeepSeek V4 Pro
Lab	Moonshot AI (China)	DeepSeek (China)
Released	July 16, 2026	April 24, 2026
Weights	Open, due July 27, 2026	Open (MIT), on Hugging Face
Parameters	~2.8T MoE	1.6T MoE (49B active)
Context window	1M tokens	1M tokens
Input price / Mtok	$3.00	$0.435
Output price / Mtok	$15.00	$0.87
AA Intelligence Index	57	52
Vision	Native	Text and code focused

The pattern to read from that table is that these models are close on measured general intelligence and far apart on price. Everything below unpacks why, and which gap should decide your choice.

Price: DeepSeek V4 is far cheaper

This is the least ambiguous part of the comparison. DeepSeek V4 Pro lists at $0.435 input and $0.87 output per million tokens on DeepSeek’s own price page, with cache hits discounted about 99%, and the lighter V4 Flash is cheaper still at roughly $0.14 and $0.28. Kimi K3 lists at $3.00 input and $15.00 output on Moonshot’s pricing page. On output, the number that dominates most real bills, K3 costs about seventeen times what V4 Pro does.

For a high-volume coding agent, where cost per finished task is the binding constraint, that gap is decisive: DeepSeek V4 does the same class of work for a fraction of the token bill. You can line both up against every current model by finished-job cost in the real cost-per-task comparison, and the wider reasons Chinese labs price this low are in why Chinese AI models are so cheap.

Capability: how close are they really?

Closer than the price gap suggests. The cleanest independent comparison is the Artificial Analysis Intelligence Index, a composite of reasoning, knowledge, math, and coding tests run by a third party. It puts Kimi K3 at 57 and DeepSeek V4 Pro at 52 (at maximum reasoning effort), which made V4 Pro the second-highest-rated open-weight model on that index when it launched. K3 is ahead, but by five points on a hundred-point composite, not a tier.

On coding specifically, the honest answer is that the two do not share a clean independent benchmark, so be careful with any head-to-head coding claim. DeepSeek V4 Pro posts 80.6% on SWE-Bench Verified, the top open-weight result and level with the closed Gemini 3.1 Pro, on a widely used independent agentic-coding test. Kimi K3’s published coding numbers, by contrast, are Moonshot self-reported on its in-house KimiCode harness, so they set a ceiling under conditions the maker chose rather than an audited result. Comparing DeepSeek’s independent SWE-Bench score to K3’s vendor-reported harness numbers would be comparing two different things, which is exactly the trap covered in why AI benchmarks are less reliable than they look. Where K3 has a genuine independent coding win is human preference: it opened at number one on the Arena.ai WebDev frontend board, ahead of both closed frontier labs, as detailed in the full Kimi K3 breakdown.

Open weights, context, and access

Both are open-weight Chinese mixture-of-experts models with a 1-million-token context window, but the release states differ. DeepSeek V4 has been downloadable since it launched: the weights are on Hugging Face as deepseek-ai/DeepSeek-V4-Pro and DeepSeek-V4-Flash under an MIT license, released April 24, 2026 per DeepSeek’s own announcement. Kimi K3 is reachable by API today but its weights are not public until July 27, 2026, expected under a modified MIT license following the K2 precedent.

The other real difference is modality and scale. Kimi K3 is the larger, newer model at roughly 2.8 trillion parameters with native vision (text and image in), while DeepSeek V4 Pro is a 1.6-trillion-parameter model with 49 billion active per token, focused on text and code. If your workload needs image understanding, that is a point for K3 on its own. For where either model can be self-hosted or rented once the weights are public, see the AI inference providers directory, and the company behind K3 is profiled in who owns Moonshot AI.

Which should you use?

Pick DeepSeek V4 if cost per finished task is the constraint. At $0.87 output it runs a coding agent or a high-volume pipeline for a fraction of K3’s bill while scoring within five points of it on the independent intelligence index and leading on SWE-Bench Verified. The V4 Flash tier drops the price again for lighter work. It is the value pick for volume, and its weights are already downloadable.

Pick Kimi K3 if you need the newest flagship, native vision, or the strongest frontend-coding preference scores, and the higher API bill is acceptable. K3 is a genuine frontier-adjacent generalist that leads on the human-preference WebDev board and edges DeepSeek on general intelligence, and its open weights land July 27. For the model-by-model open-weight field beyond these two, the best open-weight AI models in 2026 does the sorting, and you can rank both on capability against price in the AI model value leaderboard or check release details in the AI models tracker.

Bottom line

Kimi K3 and DeepSeek V4 are both strong open-weight Chinese models, and the choice is not about which is smarter, because on the one independent score they share they are close, 57 to 52. It is about price and fit. DeepSeek V4 is the cheaper, already-downloadable value model that leads on independent agentic coding; Kimi K3 is the newer, larger flagship with native vision and the frontend-preference crown, at frontier API rates. For most volume workloads the cost gap decides it in DeepSeek’s favor; for the newest capability, vision, or frontend work, K3 earns its premium.

Sources

• DeepSeek (2026). DeepSeek API pricing (V4 Pro $0.435 input / $0.87 output per Mtok; ~99% cache discount; V4 Flash ~$0.14 / $0.28). Primary. api-docs.deepseek.com
• DeepSeek (2026). DeepSeek V4 preview release (release April 24, 2026; Pro and Flash tiers). Primary. api-docs.deepseek.com
• DeepSeek (2026). DeepSeek-V4-Pro model card (open weights, MIT license). Primary. huggingface.co
• Artificial Analysis (2026). DeepSeek V4 Pro: Intelligence, Performance and Price Analysis (Intelligence Index 52; SWE-Bench Verified 80.6%; 1.6T / 49B active). Independent benchmark. artificialanalysis.ai
• Artificial Analysis (2026). DeepSeek is back among the leading open weights models with V4 Pro and V4 Flash (SWE-Bench Verified 80.6%, top open-weight, level with Gemini 3.1 Pro). Independent analysis. artificialanalysis.ai
• OfficeChai (2026). DeepSeek V4 Pro becomes second-highest rated open model on Artificial Analysis Index with score of 52. Secondary. officechai.com
• Moonshot AI (2026). Kimi K3 API pricing ($3.00 input / $15.00 output / $0.30 cached input per Mtok; 1M context). Primary. platform.kimi.ai
• Artificial Analysis (2026). Kimi K3: Intelligence, Performance and Price Analysis (Intelligence Index 57, #4 of 189). Independent benchmark. artificialanalysis.ai

Frequently asked questions

Is Kimi K3 or DeepSeek V4 better?

It depends on what you optimize for. On the shared independent Artificial Analysis Intelligence Index, Kimi K3 scores 57 and DeepSeek V4 Pro scores 52, so K3 is slightly ahead on general capability. But DeepSeek V4 costs about seventeen times less per output token and leads on the independent SWE-Bench Verified coding benchmark, so for cost-sensitive or high-volume coding work DeepSeek V4 is usually the better choice.

Is DeepSeek V4 cheaper than Kimi K3?

Yes, by a wide margin. DeepSeek V4 Pro is $0.435 input and $0.87 output per million tokens, versus $3.00 and $15.00 for Kimi K3. That is roughly seven times cheaper on input and seventeen times cheaper on output. DeepSeek V4 Flash is cheaper still at about $0.14 and $0.28.

Is DeepSeek V4 open source?

DeepSeek V4 is open-weight. Its weights for both the Pro and Flash tiers are on Hugging Face under an MIT license, released April 24, 2026. Kimi K3 is also open-weight, but its weights are scheduled for July 27, 2026, so until then K3 is available only through the API.

Which is better for coding, Kimi K3 or DeepSeek V4?

On independent tests, DeepSeek V4 Pro has the stronger published result: 80.6% on SWE-Bench Verified, the top open-weight score. Kimi K3 leads on the Arena.ai WebDev human-preference board for frontend coding, but its other coding numbers are Moonshot self-reported on its own harness, so they are not directly comparable to DeepSeek independent score.

What is the difference between Kimi K3 and DeepSeek V4?

Kimi K3 is a newer, larger flagship (~2.8 trillion parameters) with native vision, priced at frontier API rates, from Moonshot AI. DeepSeek V4 is a slightly smaller (1.6 trillion parameter) text-and-code model, released three months earlier, that is nearly as capable on general intelligence, already downloadable, and far cheaper to run. Both are open-weight Chinese models with a 1-million-token context.