DeepSeek V3.2 Thinking vs DeepSeek V4.1 Flash 1017

Lower and Larger mark one number at a time; they don’t rank the models. How well a model does depends on your task; see Benchmarks for measured results.

DetailDeepSeek V3.2 Thinkingdeepseek/deepseek-v3.2-thinkingDeepSeek V4.1 Flash 1017deepseek/deepseek-v4.1-flash-1017
Makerdeepseekdeepseek
KindChatChat
Input per 1M tokens$0.651$0.07875 Lower
Cached input per 1M tokensNot applicable$0.001575
Cache write per 1M tokensNot applicableSame as input
Output per 1M tokens$1.9425$0.315 Lower
Context window128,000 tokens1,048,576 tokens Larger
Max output8,000 tokens262,144 tokens Larger
CapabilitiesTool useReasoning, tool use, vision
TakesTextText, image
ReturnsTextText
Zero data retentionYes, on every providerNot on every provider
No training on requestsYes, on every providerNot on every provider
Released2025-12-012026-10-17

Example costs

Example requests, priced at today’s rates with no cached input.

Example requestDeepSeek V3.2 ThinkingDeepSeek V4.1 Flash 1017
1,000 tokens in, 200 out$0.00104$0.000142
10,000 tokens in, 1,000 out$0.008453$0.001103
100,000 tokens in, 4,000 out$0.07287$0.009135
DeepSeek V3.2 Thinking vs DeepSeek V4.1 Flash 1017 · Phantom AI