DeepSeek V3.2 vs DeepSeek V4 Flash 0731

Price, context window & benchmark comparison

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DeepSeek V3.2

DeepSeek
$0.27 / $0.40
Input / Output · per 1M tokens
VS
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DeepSeek V4 Flash 0731

DeepSeek
$0.04 / $0.32
Input / Output · per 1M tokens
Compare different models
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Verdict: DeepSeek V4 Flash 0731 is 2.7× cheaper than DeepSeek V3.2 on a typical 3:1 input/output mix. DeepSeek V4 Flash 0731 has the larger context window (1.3M vs 164K).
DeepSeek V3.2DeepSeek V4 Flash 0731
Input price / 1M$0.27$0.04
Output price / 1M$0.40$0.32
Blended price (3:1)$0.30$0.11
Cached input / 1M$0.13$0.016
Context window164K1.3M
Max output66K944K
Intelligence index34.3
Coding index44.269.1
Providers30
Best provider uptime (30m)100.0%
Vision inputNoNo
ReasoningYesYes
Tool callingYesYes
Released2025-12-012026-07-31
Retirement2026-09-28

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FAQ

Which is cheaper, DeepSeek V3.2 or DeepSeek V4 Flash 0731?

DeepSeek V4 Flash 0731 is 2.7× cheaper than DeepSeek V3.2 on a typical 3:1 input/output mix.

DeepSeek V3.2 vs DeepSeek V4 Flash 0731: which has a bigger context window?

DeepSeek V3.2: 163,840 tokens. DeepSeek V4 Flash 0731: 1,310,720 tokens.

How much would 1 million requests cost?

At 2,000 input + 500 output tokens per request: DeepSeek V3.2 ≈ $738.00, DeepSeek V4 Flash 0731 ≈ $240.00.

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