DeepSeek V3.2
DeepSeek · Released Dec 2025
A 671-billion-parameter mixture-of-experts language model with 37 billion activated parameters, released in late 2025 as an incremental update to the V3 line.
- Strengths
- Efficient inference through sparse parameter activation, enabling fast generation and low latency for a model of its scale.
- Best for
- General-purpose text generation and reasoning tasks where throughput and response speed are important alongside capability.
- Limitations
- Superseded by DeepSeek V4 Pro and V4 Flash (released April 2026), which offer stronger performance and are available at lower effective cost; use V4 models for new work.
Input / 1M
$0.28
Output / 1M
$0.42
Cached input / 1M
$0.028
Context window
131K
Price history
Input (solid)Output (dashed)
Price change
- 30d
- in increased 4.1% out increased 5.0%
- 90d
- in increased 4.1% out increased 5.0%
- 1y
- in increased 22.4% out increased 22.4%
- Since launch
- in increased 22.4% out increased 22.4%
Snapshots
| Effective | Input | Output | Cached in | Note | Source |
|---|---|---|---|---|---|
| 17 Oct 2026 | $0.28 | $0.42 | $0.028 | Imported from OpenRouter | openrouter.ai |
| 10 Oct 2026 | $0.259 | $0.8 | $0.14 | Imported from OpenRouter | openrouter.ai |
| 8 Oct 2026 | $0.259 | $0.42 | $0.135 | Imported from OpenRouter | openrouter.ai |
| 28 Sep 2026 | $0.28 | $0.42 | $0.028 | Imported from OpenRouter | openrouter.ai |
| 30 Aug 2026 | $0.269 | $0.4 | $0.1345 | Imported from OpenRouter | openrouter.ai |
| 29 Aug 2026 | $0.269 | $0.4 | $0.1345 | Imported from OpenRouter | openrouter.ai |
| 28 Aug 2026 | $0.269 | $0.4 | $0.1345 | Imported from OpenRouter | openrouter.ai |
| 22 Aug 2026 | $0.26 | $0.38 | $0.13 | Imported from OpenRouter | openrouter.ai |
| 9 Aug 2026 | $0.269 | $0.4 | $0.1345 | Imported from OpenRouter | openrouter.ai |
| 8 Aug 2026 | $0.269 | $0.4 | $0.1345 | Imported from OpenRouter | openrouter.ai |
| 15 Jul 2026 | $0.269 | $0.4 | $0.1345 | Imported from OpenRouter | openrouter.ai |
| 10 Jul 2026 | $0.2145 | $0.3218 | $0.0214 | Imported from OpenRouter | openrouter.ai |
| 27 Jun 2026 | $0.2288 | $0.3432 | $0.0229 | Imported from OpenRouter | openrouter.ai |
| 11 Jun 2026 | $0.2288 | $0.3432 | — | Imported from OpenRouter | openrouter.ai |