DeepSeek-V3.2 vs Kimi-K2-Instruct-0905

Specs, VRAM requirements and download trends — updated 24 October 2026.

deepseek-ai · A · Open weights
Params
685.4 B
Context
163,840
30d
5.4 M
mit · commercial OK
moonshotai · B · Open weights
Params
1,026.5 B
Context
262,144
30d
32 K

Specification comparison

Differences are highlighted; identical values are muted.

Specification DeepSeek-V3.2 Kimi-K2-Instruct-0905
Deployment Open weights · also via API Open weights · also via API
Parameters 685.4 B 1,026.5 B
Architecture DeepseekV32ForCausalLM DeepseekV3ForCausalLM
Context length 163,840 262,144
Licence mit other
Commercial use Allowed Unknown
Languages — —
Downloads 30d 5,435,964 31,918
Downloads all time 30.4 M 5.2 M
Quantizations on the Hub SAFETENSORS SAFETENSORS
Gated No No
First seen on the Hub 2025-12-01 2025-09-03
API input price / 1M tokens $0.28 $0.60
API output price / 1M tokens $0.42 $2.50
Est. cost per 1M input + 1M output tokens $0.70 $3.10
Cached input / 1M tokens $0.028 —
AA Intelligence Index 21.5 15.3
AA Coding Index 44.2 —
AA Agentic Index — —
Max output tokens 65,536 98,304
API providers 11 1
Tool calling Yes Yes
Reasoning mode Yes No

API cost

Estimated cost of 1M input + 1M output tokens via OpenRouter

DeepSeek-V3.2 $0.70
Kimi-K2-Instruct-0905 $3.10

DeepSeek-V3.2 is 4.4× cheaper at list price.

Download trend

Daily snapshots, last 89 days (28 Jul – 24 Oct)

5.5 M36 K
DeepSeek-V3.2 Kimi-K2-Instruct-0905

VRAM side by side

On RTX 4090 · 24 GB · 8K context unless noted

DeepSeek-V3.2 · fp16 @ 160K ctx 2,815.1 GB / 24 GB
❌ Won’t fit
Kimi-K2-Instruct-0905 · fp16 @ 256K ctx 6,059.7 GB / 24 GB
❌ Won’t fit

Adjacent comparisons