DeepSeek API Pricing 2026: V3, R1 Cost Comparison (February 2026)
DeepSeek API pricing 2026: V3, R1 cost per million tokens. The cheapest high-quality LLM at $0.14/$0.28. Includes reasoning and distilled models.
DeepSeek API Pricing 2026
TL;DR — DeepSeek API Prices (Feb 2026)
- DeepSeek V3: $0.14/$0.28 per 1M input/output tokens
- DeepSeek R1: $0.55/$2.19 per 1M tokens
- DeepSeek R1 Distill: $0.03-$0.20 per 1M tokens
DeepSeek offers the best price-to-performance ratio of any major LLM.
V3 Family
| Model | Context | Input / 1M tokens | Output / 1M tokens |
|---|---|---|---|
| DeepSeek V3 | 64K | $0.14 | $0.28 |
R1 Family (Reasoning)
| Model | Context | Input / 1M tokens | Output / 1M tokens |
|---|---|---|---|
| DeepSeek R1 | 64K | $0.55 | $2.19 |
| R1 Distill Llama 70B | 32K | $0.20 | $0.90 |
| R1 Distill Qwen 32B | 32K | $0.07 | $0.30 |
| R1 Distill Qwen 14B | 32K | $0.04 | $0.16 |
| R1 Distill Qwen 7B | 32K | $0.03 | $0.12 |
Why DeepSeek is Popular
- 80% cheaper than GPT-4
- Open weights - can self-host
- Excellent reasoning - rivals Claude on benchmarks
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