DeepSeek V3.2 (Thinking)
671B MoE (37B active)
Same as V3.2 but with thinking/reasoning mode enabled via deepseek-reasoner endpoint.
reasoning OpenAI-compatible Function calling 128K context Released 2025-12
Pricing
| Type | USD / 1M tokens | CNY / 1M tokens |
|---|---|---|
| Input | $0.28 | ¥2 |
| Output | $0.42 | ¥8 |
| Cached Input | $0.028 | ¥0.5 |
vs Western Models
DeepSeek V3.2 (Thinking) vs GPT-5.2 ($1.75/$14)
84% cheaper input 97% cheaper output
DeepSeek V3.2 (Thinking) vs Claude Sonnet 4.6 ($3/$15)
91% cheaper input 97% cheaper output
DeepSeek V3.2 (Thinking) vs Gemini 2.5 Pro ($1.25/$10)
78% cheaper input 96% cheaper output
IDE Setup
Cursor
base_url: https://api.deepseek.com/v1
model: deepseek-reasoner
Cline
base_url: https://api.deepseek.com/v1
model: deepseek-reasoner
Strengths
- + reasoning
- + coding
- + math
Watch Out For
- ! content censorship
- ! higher output token usage due to CoT
International Access
Direct access: Yes
Latency from US: 150-300ms
Registration: email
Payment: credit card
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