Kimi K3 vs DeepSeek V4: price, thinking, vision, plan
Short version, because most comparisons bury it: DeepSeek V4 Flash is the volume model and Kimi K3 is the one that reads pictures. If that settles it for you, stop here. The rest is the numbers behind it and what a fixed budget buys on each.
The table
| Kimi K3 | DeepSeek V4 Flash | DeepSeek V4 Pro | |
|---|---|---|---|
| Plan | All three on every plan, including a credit pack with no subscription | ||
| Image input | Yes | No | No |
| Thinking | Toggle, and switching it off really stops it | Toggle | Toggle |
| Context | 1M tokens | 1M tokens | 1M tokens |
| Tool calls | Native | Native | Native |
| Credits per input token | 0.285 | 0.008 | 0.13 |
| Credits per output token | 1.425 | 0.018 | 0.26 |
One credit is $0.00001 of wholesale inference cost, and the meter charges what the compute costs, so those rows are the real bill and not a marketing rate card. Current per model rates sit next to each model on the pricing page, because upstream prices move.
The price gap is not close
Kimi K3 output is roughly 79 times the price of DeepSeek V4 Flash output and about 5 times DeepSeek V4 Pro. Nothing in the quality comparison is 79 times anything. That is the whole shape of this decision: you are not choosing a better model, you are choosing where a fixed number of credits goes.
Concretely, spent entirely on output tokens, from the smallest budget we sell and from the 49 EUR Pro plan:
| Budget | DeepSeek V4 Flash | DeepSeek V4 Pro | Kimi K3 |
|---|---|---|---|
| 5 EUR pack, 165,000 credits | about 9.2 million | about 635,000 | about 115,000 |
| Pro, 2,350,000 credits | about 130 million | about 9 million | about 1.6 million |
Input tokens come out of the same wallet, so a long context chat lands below every figure in that table. The ordering does not change.
Where Kimi K3 earns it
Two places, and they are narrow but real.
The first is image input. Neither DeepSeek V4 model takes a picture. Ask them to and the request comes back refused at the API layer, not answered badly. If your prompt has a screenshot, a photo or a diagram in it, this comparison is already over.
The second is a genuinely hard prompt where you want a reasoning pass from a very large generalist. Kimi K3 is a 2.8 trillion parameter multimodal reasoner and it does hold more of a tangled input in its head. That is worth credits on the prompt that actually needs it, and it is worth nothing on the other ninety turns of the session.
Where DeepSeek wins outright
Agent loops, coding loops, long roleplay, bulk summarising, anything that emits a lot of tokens. All three call tools natively, all three hold a 1M context, so the cheap one is not a downgrade in the machinery, it is a downgrade in nothing you can feel until the prompt gets hard. The split between the two DeepSeek sizes has its own page: DeepSeek V4 Flash vs V4 Pro.
What a plan actually buys
All three are on every plan and on the pay as you go wallet, so a 5 EUR credit pack with no subscription reaches Kimi K3, DeepSeek V4 Flash and DeepSeek V4 Pro alike. A bigger plan buys more credits, never a longer model list.
So the token price is the only thing left to weigh. On a 5 EUR pack of 165,000 credits, spent on output, that is roughly 9.2 million tokens on DeepSeek V4 Flash and roughly 115,000 on Kimi K3. If you want a cheap DeepSeek that is cheaper still to keep open all day, DeepSeek V3.2 sits in the same picker at 0.026 credits per input token and 0.038 per output token, with a think toggle and no image input, which is roughly 4.3 million output tokens on the same pack. Same wallet, same picker, one click apart.
The decision table
| What you are doing | Pick | Why |
|---|---|---|
| Any prompt with an image in it | Kimi K3 | The only one of the three that takes image input at all. |
| Agent or coding loops with many tool calls | DeepSeek V4 Flash | Loops emit a lot of tokens and all three call tools natively. |
| Long sessions, roleplay, bulk drafting | DeepSeek V4 Flash | Volume problems are won by the cheaper model, every time. |
| One hard reasoning prompt that came back wrong twice | Kimi K3 | This is the case worth spending credits on. |
| No subscription, a 5 EUR pack | DeepSeek V4 Flash for volume, Kimi K3 for pictures | The pack reaches all three, so pick on the token price rather than on access. |
| Bigger budget, mixed workload | Flash by default, K3 on demand | Same account, same picker. The mistake is picking one and staying there out of habit. |
Setting either of them up
Both live behind the same browser Studio, the same Cloud switch in the desktop app, and the same OpenAI compatible endpoint at https://lu-labs.ai/api/inference/v1. The model ids are moonshotai/Kimi-K3, deepseek-ai/DeepSeek-V4-Flash-0731 and deepseek-ai/DeepSeek-V4-Pro-0813. Step by step in the Kimi K3 online guide and DeepSeek V4 Flash in the cloud.
Related reading
- Kimi K3 explained, what Moonshot actually shipped
- DeepSeek V4 Flash vs V4 Pro, the sibling comparison
- How to run DeepSeek V4 Flash locally, if you would rather not pay per token at all
- Qwen 3.8 Max vs A95B, the same kind of question inside one family
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