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DeepSeek V3.2 Thinking

by NanoGPT · family deepseek · listed Dec 2025RTW

Hybrid-reasoning DeepSeek model with thinking and non-thinking modes, sparse attention, and tool-use

Current rates USD per 1M tokens

Input$0.28
Output$0.42
Cache read$0.14
Cache write—

Against the market

Input price vs. maker flagships ($/1M tokens)
DeepSeek V3.2 ThinkingDeepSeek V3.2 Thinking: $0.28 per 1M tokens$0.28DeepSeek V4 ProDeepSeek V4 Pro: $0.435 per 1M tokens$0.435Gemini 3.7 FlashGemini 3.7 Flash: $0.75 per 1M tokens$0.75Mistral Medium 3.5Mistral Medium 3.5: $1.50 per 1M tokens$1.50Grok 4.6Grok 4.6: $2.00 per 1M tokens$2.00Qwen3.8 MaxQwen3.8 Max: $2.00 per 1M tokens$2.00Claude Opus 5Claude Opus 5: $5.00 per 1M tokens$5.00GPT-5.6 SolGPT-5.6 Sol: $5.00 per 1M tokens$5.00
Output price vs. maker flagships ($/1M tokens)
DeepSeek V3.2 ThinkingDeepSeek V3.2 Thinking: $0.42 per 1M tokens$0.42DeepSeek V4 ProDeepSeek V4 Pro: $0.87 per 1M tokens$0.87Gemini 3.7 FlashGemini 3.7 Flash: $3.75 per 1M tokens$3.75Grok 4.6Grok 4.6: $6.00 per 1M tokens$6.00Qwen3.8 MaxQwen3.8 Max: $6.00 per 1M tokens$6.00Mistral Medium 3.5Mistral Medium 3.5: $7.50 per 1M tokens$7.50Claude Opus 5Claude Opus 5: $25.00 per 1M tokens$25.00GPT-5.6 SolGPT-5.6 Sol: $30.00 per 1M tokens$30.00

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
yes
Knowledge cutoff
Jul 2024
Released
2025-12-01
Last updated
2025-12-01
Provider docs
docs.nano-gpt.com

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