DeepSeek V3.1 Terminus vs DeepSeek V4 Flash 0423

Price, context window & benchmark comparison

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DeepSeek V3.1 Terminus

DeepSeek
$0.27 / $1.00
Input / Output · per 1M tokens
VS
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DeepSeek V4 Flash 0423

DeepSeek
$0.0886 / $0.18
Input / Output · per 1M tokens
Compare different models
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Verdict: DeepSeek V4 Flash 0423 is 4.1× cheaper than DeepSeek V3.1 Terminus on a typical 3:1 input/output mix. DeepSeek V4 Flash 0423 scores higher on the Artificial Analysis Intelligence Index (24.2 vs 14.8). DeepSeek V4 Flash 0423 has the larger context window (1M vs 164K).
DeepSeek V3.1 TerminusDeepSeek V4 Flash 0423
Input price / 1M$0.27$0.0886
Output price / 1M$1.00$0.18
Blended price (3:1)$0.45$0.11
Cached input / 1M$0.14$0.0177
Context window164K1M
Max output33K384K
Intelligence index14.824.2
Coding index43.556.2
Providers
Best provider uptime (30m)
Vision inputNoNo
ReasoningYesYes
Tool callingYesYes
Released2025-09-222026-04-24
Retirement2026-09-28

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FAQ

Which is cheaper, DeepSeek V3.1 Terminus or DeepSeek V4 Flash 0423?

DeepSeek V4 Flash 0423 is 4.1× cheaper than DeepSeek V3.1 Terminus on a typical 3:1 input/output mix.

DeepSeek V3.1 Terminus vs DeepSeek V4 Flash 0423: which has a bigger context window?

DeepSeek V3.1 Terminus: 163,840 tokens. DeepSeek V4 Flash 0423: 1,048,576 tokens.

How much would 1 million requests cost?

At 2,000 input + 500 output tokens per request: DeepSeek V3.1 Terminus ≈ $1,040, DeepSeek V4 Flash 0423 ≈ $265.80.

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