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DeepSeek V3.2 Thinking

by NanoGPT · family deepseek · listed Dec 2025RT

DeepSeek chat model for instruction following, coding, and analysis

Current rates USD per 1M tokens

Input$0.28
Output$0.42
Cache read—
Cache write—

Against the market

Input price vs. maker flagships ($/1M tokens)
DeepSeek V4 FlashDeepSeek V4 Flash: $0.14 per 1M tokens$0.14DeepSeek V3.2 ThinkingDeepSeek V3.2 Thinking: $0.28 per 1M tokens$0.28Qwen3.7 PlusQwen3.7 Plus: $0.50 per 1M tokens$0.50Grok 4.3Grok 4.3: $1.25 per 1M tokens$1.25Gemini 3.5 FlashGemini 3.5 Flash: $1.50 per 1M tokens$1.50Mistral Medium (latest)Mistral Medium (latest): $1.50 per 1M tokens$1.50Claude Sonnet 5Claude Sonnet 5: $2.00 per 1M tokens$2.00GPT-5.5 ProGPT-5.5 Pro: $30.00 per 1M tokens$30.00
Output price vs. maker flagships ($/1M tokens)
DeepSeek V4 FlashDeepSeek V4 Flash: $0.28 per 1M tokens$0.28DeepSeek V3.2 ThinkingDeepSeek V3.2 Thinking: $0.42 per 1M tokens$0.42Grok 4.3Grok 4.3: $2.50 per 1M tokens$2.50Qwen3.7 PlusQwen3.7 Plus: $3.00 per 1M tokens$3.00Mistral Medium (latest)Mistral Medium (latest): $7.50 per 1M tokens$7.50Gemini 3.5 FlashGemini 3.5 Flash: $9.00 per 1M tokens$9.00Claude Sonnet 5Claude Sonnet 5: $10.00 per 1M tokens$10.00GPT-5.5 ProGPT-5.5 Pro: $180 per 1M tokens$180

On the record

Model id
deepseek/deepseek-v3.2:thinking
Context window
163K tokens
Max output
66K tokens
Input modalities
text, pdf
Output modalities
text
Reasoning
yes
Tool calls
yes
Open weights
no
Knowledge cutoff
—
Released
2025-12-01
Last updated
2025-12-01
Provider docs
docs.nano-gpt.com

Back of the envelope

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