DeepSeek-V4-Flash-0731 vs Kimi-K2-Thinking

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

deepseek-ai · A · Open weights
Params
304.2 B
Context
1,048,576
30d
4.3 M
mit · commercial OK
moonshotai · B · Open weights
Params
1,026.4 B
Context
262,144
30d
48 K

Specification comparison

Differences are highlighted; identical values are muted.

Specification DeepSeek-V4-Flash-0731 Kimi-K2-Thinking
Deployment Open weights · also via API Open weights · also via API
Parameters 304.2 B 1,026.4 B
Architecture DeepseekV4ForCausalLM DeepseekV3ForCausalLM
Context length 1,048,576 262,144
Licence mit other
Commercial use Allowed Unknown
Languages — —
Downloads 30d 4,348,313 47,623
Downloads all time 11.9 M 2.0 M
Quantizations on the Hub SAFETENSORS SAFETENSORS
Gated No No
First seen on the Hub 2026-07-31 2025-11-04
API input price / 1M tokens $0.044 $0.60
API output price / 1M tokens $0.13 $2.50
Est. cost per 1M input + 1M output tokens $0.18 $3.10
Cached input / 1M tokens $0.0014 $0.15
AA Intelligence Index 34.3 22
AA Coding Index 69.1 —
AA Agentic Index 41 —
Max output tokens 131,072 98,304
API providers 22 2
Tool calling Yes Yes
Reasoning mode Yes Yes

API cost

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

DeepSeek-V4-Flash-0731 $0.18
Kimi-K2-Thinking $3.10

DeepSeek-V4-Flash-0731 is 17.4× cheaper at list price.

Download trend

Daily snapshots, last 82 days (4 Aug – 24 Oct)

4.7 M49 K
DeepSeek-V4-Flash-0731 Kimi-K2-Thinking

VRAM side by side

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

Kimi-K2-Thinking · fp16 @ 256K ctx 5,580.9 GB / 24 GB
❌ Won’t fit
DeepSeek-V4-Flash-0731 · fp16 @ 1024K ctx 6,024.3 GB / 24 GB
❌ Won’t fit

Adjacent comparisons