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DeepSeek V3.2 vs DeepSeek V4 Flash

Compare DeepSeek V3.2 from DeepSeek and DeepSeek V4 Flash from DeepSeek on key metrics including benchmarks, price, context length, and other model features. Access both models and hundreds of others through the AIHubMix API.

DeepSeekDeepSeek V3.2DeepSeekDeepSeek V4 Flash
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DeepSeek V3.2
DeepSeek · text → text

DeepSeek-V3.2 is an efficient large language model equipped with DeepSeek Sparse Attention and reinforced reasoning performance, but its core strength lies in powerful agentic capabilities—enabled by large-scale task-synthesis that tightly integrates reasoning with real-world tool use, delivering robust, compliant, and generalizable agent behaviour. Users can toggle deeper reasoning through the reasoning_enabled switch.

Input$0.302 /M
Output$0.453 /M
Cache read$0.0302 /M
Details
DeepSeek logo
DeepSeek V4 Flash
DeepSeek · text → text

(This model currently points to the older 0423 version; if you need to request the latest version, you can choose the model deepseek-v4-flash-0731)DeepSeek-V4 features an ultra-long context of one million characters and achieves leading performance domestically and in the open-source domain in agent capabilities, world knowledge, and reasoning.

Input$0.142 /M
Output$0.284 /M
Cache read$0.0284 /M
Details

Pricing & Specifications

Prices are per million tokens. Time to First Token and throughput are rolling averages measured on AIHubMix.

DeepSeek V3.2
DeepSeek V4 Flash
Input /M
$0.302
$0.142
Output /M
$0.453
$0.284
Cache read /M
$0.0302
$0.0284
Context length
163,840
1,000,000
Max output
64,000
384,000
Time to First Token
0.7 s
1.0 s
Throughput
38.0 tok/s
66.5 tok/s
Modalities
text
text
Supported Parameters
toolsfunction callingstructured outputsthinking
toolsfunction callingstructured outputsthinking
API Formats
chat_completions · claude_api
Released
December 1, 2025
April 24, 2026

Promotional prices show the discounted rate; see each model page for promotion windows.

Activity Past 30 Days

Daily traffic served through AIHubMix — how demand for each model is trending.

deepseek-v3.2deepseek-v4-flash

Tokens / day

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Requests / day

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Performance Past 3 Days

Measured on real AIHubMix traffic, hourly buckets. Gaps mean no traffic in that hour.

deepseek-v3.2deepseek-v4-flash

Throughput (tok/s)

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TTFT (s)

-

Uptime (%)

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LMArena Benchmarks

LMArena ratings by capability (Bradley-Terry, commonly called Elo). Higher is better.

Text
deepseek-v3.2deepseek-v4-flash
1380142014601500
Overall
14251436
Coding
14701483
Math
14261429
Hard prompts
14471459
Instruction following
14211428
Multi-turn
14281452
Creative writing
14011408
Longer query
14421448
Chinese
14631473
English
14371445

Source: LMArena (arena.ai) leaderboard, imported by AIHubMix. Models without published ratings are omitted per chart.

Cost calculator

Estimate your monthly bill for the same workload on each model.

DeepSeek V4 Flash
$12.78 /mo
DeepSeek V3.2
$24.92 /mo

Monthly = daily × 30. Discounted rates applied where a promotion is active.

FAQ

Which is cheaper: DeepSeek V3.2, DeepSeek V4 Flash?

DeepSeek V4 Flash: $0.284/M output tokens; DeepSeek V3.2: $0.453/M. Use the cost calculator above to estimate your own workload.

How do their coding arena scores compare?

DeepSeek V4 Flash: 1483; DeepSeek V3.2: 1470 (LMArena coding leaderboard).

Which responds faster?

DeepSeek V3.2: 0.7s time to first token measured on AIHubMix; see the live performance charts above for how each model behaves across the day.

How large is each context window?

DeepSeek V3.2 accepts 163,840 and DeepSeek V4 Flash accepts 1,000,000 input tokens. Maximum output per request is 64,000 tokens on DeepSeek V3.2 and 384,000 tokens on DeepSeek V4 Flash.

Which one generates tokens faster?

DeepSeek V4 Flash at 66.5 tok/s and DeepSeek V3.2 at 38.0 tok/s, measured as output throughput on AIHubMix — a separate metric from time to first token.

What inputs and capabilities does each model support?

DeepSeek V3.2 accepts text input and supports tool calling, function calling, structured outputs and thinking; DeepSeek V4 Flash accepts text input and supports tool calling, function calling, structured outputs and thinking.

Can I call DeepSeek V3.2 and DeepSeek V4 Flash with the same API key?

Yes. AIHubMix serves every model on this page behind one OpenAI-compatible endpoint, so switching between them is a one-line change to the model field — no second account, key or SDK.

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