DeepSeek V3.2 Exp (Reasoning)

Exceptional Reasoning at a Highly Competitive Price Point

DeepSeek V3.2 Exp (Reasoning)

A highly intelligent open-weight model offering top-tier reasoning capabilities and a large context window, balanced by slower generation speeds.

Open Weight128k ContextText GenerationReasoning-TunedSlow SpeedLow Price

DeepSeek V3.2 Exp (Reasoning) emerges as a formidable contender in the open-weight AI landscape, distinguishing itself with elite intelligence and a remarkably accessible price point. Developed by DeepSeek, this model is an experimental variant specifically fine-tuned for complex reasoning, logical deduction, and coding tasks. It represents a strategic choice for developers and businesses prioritizing analytical power and cost-efficiency over raw speed, positioning itself as a go-to solution for intensive, non-interactive workloads.

On the Artificial Analysis Intelligence Index, DeepSeek V3.2 Exp achieves an impressive score of 57, placing it firmly in the upper echelon of models, ranking #7 out of 51. This score is significantly above the average of 42 for comparable models, underscoring its advanced capabilities. However, this intelligence comes with a tendency for verbosity. During evaluation, it generated 62 million tokens, nearly three times the average of 22 million. This characteristic, while demonstrating thoroughness, is a critical factor to manage for cost and latency, as more tokens mean higher bills and longer wait times, even with a low per-token price.

The model’s pricing is one of its most compelling features. At just $0.28 per 1 million input tokens and $0.42 per 1 million output tokens, it is exceptionally competitive, sitting well below the average prices of $0.57 (input) and $2.10 (output) for similar models. This cost structure makes it highly economical for tasks that involve processing large amounts of text or generating extensive outputs. The total cost to run the entire Intelligence Index benchmark on this model was a mere $40.82, a testament to its affordability for demanding analytical jobs.

The primary trade-off for this combination of intelligence and low cost is speed. With an output rate of approximately 30 tokens per second, DeepSeek V3.2 Exp is notably slow. This makes it less suitable for real-time, user-facing applications like chatbots where immediate responses are expected. Instead, its strengths are best utilized in asynchronous, backend processes. This is further complemented by its massive 128,000-token context window, which enables it to analyze vast amounts of information—such as entire codebases or lengthy legal documents—in a single, coherent pass.

Scoreboard

Intelligence

57 (#7 / 51)

Scores 57 on the Intelligence Index, placing it among the top-tier models for reasoning and complex tasks.
Output speed

29.8 tokens/s

Significantly slower than many peers, making it less suitable for real-time, interactive applications.
Input price

$0.28 / 1M tokens

Highly competitive input pricing, cheaper than the average open-weight model.
Output price

$0.42 / 1M tokens

Excellent output pricing, making it cost-effective for generating long-form content.
Verbosity signal

62M tokens

Considerably more verbose than average, which can increase output costs and latency.
Provider latency

0.88s TTFT

Best-case latency via optimized providers is under one second, but total response time is slow due to low token output speed.

Technical specifications

Spec Details
Model Name DeepSeek V3.2 Exp (Reasoning)
Owner DeepSeek
License Open Weight (DeepSeek Model License)
Modalities Text-to-Text
Context Window 128,000 tokens
Release Date Mid-2024
Base Model DeepSeek V3
Fine-tuning Specialized for reasoning, logic, and coding tasks
Quantization Supported by third-party providers (e.g., FP8)
API Access Available via DeepSeek and other API providers

What stands out beyond the scoreboard

Where this model wins
  • Top-Tier Reasoning: Its high score on the Intelligence Index demonstrates exceptional performance on complex logical, mathematical, and coding tasks, rivaling some closed-source leaders.
  • Cost-Effectiveness: With extremely competitive pricing for both input and output tokens, it offers a fantastic performance-per-dollar ratio, especially for large-scale analytical workloads.
  • Massive Context Window: The 128k token context window allows it to process and analyze very large documents, codebases, or conversation histories in a single pass without losing context.
  • Open and Accessible: As an open-weight model, it provides greater transparency, customizability, and a wider choice of hosting providers compared to proprietary, black-box models.
  • Ideal for Batch Processing: The combination of low cost and high intelligence makes it perfect for asynchronous tasks like document summarization, data analysis, and code generation where speed is not the primary concern.
Where costs sneak up
  • Slow Generation Speed: Its low token-per-second output makes it a poor choice for real-time chatbots or other interactive applications where users expect instant responses, leading to poor user experience.
  • High Verbosity: The model tends to be more verbose than average. This can lead to higher-than-expected output token costs and longer wait times, partially offsetting its low per-token price.
  • Total Response Latency: While Time to First Token (TTFT) can be acceptable, the slow overall generation speed means the total time to receive a full, multi-hundred token response can feel sluggish to an end-user.
  • Large Context Cost Trap: While the 128k context window is powerful, filling it with input tokens can become expensive despite the low per-token rate. A full context prompt would cost over $35 in input tokens alone.
  • Provider Performance Variance: Performance metrics like speed and latency can differ significantly between API providers. Choosing a sub-optimal provider can negate some of the model's cost and speed advantages.

Provider pick

Choosing the right API provider is crucial for optimizing DeepSeek V3.2 Exp's performance and cost. Benchmarks show a clear trade-off between first-party access and third-party optimization. Our analysis compares the native DeepSeek API against Novita, which offers a quantized FP8 version.

Priority Pick Why Tradeoff to accept
Priority Pick Why Tradeoff
Max Speed & Low Latency Novita (FP8) Novita delivers the fastest output at 35 tokens/s and the lowest time-to-first-token at 0.88s, thanks to FP8 quantization. Relies on a quantized model, which may have a minor, often negligible, impact on output quality compared to the full-precision version.
Lowest Blended Price Novita (FP8) At a blended price of $0.30 per million tokens, it is slightly cheaper than the first-party API ($0.32/M). The cost savings are minimal and may not be worth switching for if you're already integrated with the DeepSeek API.
First-Party Simplicity DeepSeek Direct access from the model's creator ensures you are using the canonical, full-precision implementation without any third-party layers. Slightly higher price and noticeably slower performance (30 t/s speed, 1.25s TTFT) compared to optimized providers.

Blended Price is a weighted average assuming a common 1:2 input-to-output token ratio. Performance and pricing data are subject to change and were accurate at the time of analysis. FP8 is a quantized format that reduces model size and increases speed, which may have minor quality differences from the full-precision model.

Real workloads cost table

Theoretical metrics like price per token are useful, but seeing costs for real-world scenarios provides a clearer picture of the model's economic value. The following examples use the competitive pricing from Novita (FP8) ($0.27/M input, $0.41/M output) to estimate costs for common, complex tasks where DeepSeek V3.2 Exp excels.

Scenario Input Output What it represents Estimated cost
Scenario Input Output What it represents Estimated cost
Codebase Refactoring Analysis 25,000 tokens 3,000 tokens Analyzing a large module of code and suggesting refactors. ~$0.0080
Legal Document Q&A 60,000 tokens 500 tokens Extracting a specific clause from a long contract. ~$0.0164
Technical Whitepaper Generation 200 tokens 5,000 tokens Creating a detailed technical paper from a brief outline. ~$0.0021
Quarterly Report Summarization 80,000 tokens 1,000 tokens Ingesting a full financial report and producing an executive summary. ~$0.0220

The model is exceptionally cheap for complex, non-interactive tasks. Analyzing a large codebase or summarizing a dense 50-page report costs only a cent or two, highlighting its immense value for backend data processing and automated analysis pipelines.

How to control cost (a practical playbook)

To maximize the value of DeepSeek V3.2 Exp, it's essential to build applications that play to its strengths (intelligence, cost) while mitigating its weaknesses (speed, verbosity). A strategic approach can lead to powerful and highly economical AI solutions.

Design for Asynchronous Workflows

Given the model's slow generation speed, avoid using it for synchronous, user-facing interactions. Instead, build systems where tasks are processed in the background.

  • Implement job queues where users can submit a request (e.g., 'summarize this document') and receive a notification when the result is ready.
  • Use it for scheduled tasks like daily report generation or nightly code analysis that run without user supervision.
  • This approach turns the model's slowness from a user-experience bottleneck into an irrelevant implementation detail.
Actively Control Output Verbosity

The model's tendency to be verbose can inflate output token counts and costs. Use precise prompting to manage the length and format of its responses.

  • Include explicit constraints in your prompt, such as "Provide a summary in three sentences," "Answer with only the code block," or "Be concise."
  • For structured data, ask the model to respond in a specific format like JSON. This not only controls verbosity but also makes the output easier to parse programmatically.
  • Monitor your output token usage to identify queries that result in unexpectedly long responses and refine your prompts accordingly.
Be Strategic with the Context Window

The 128k context window is a powerful tool, but filling it unnecessarily is a costly mistake. Develop strategies to use context efficiently.

  • For Q&A over large documents, consider using a RAG (Retrieval-Augmented Generation) pipeline. First, use a cheaper embedding model to find the most relevant text chunks, then feed only those chunks to DeepSeek V3.2 Exp.
  • When processing long conversations, implement a sliding window or summarization technique to condense the history before sending it with the next prompt.
  • A full 128k context input costs over $35. Always question if the entire context is truly necessary for the task at hand.

FAQ

What is DeepSeek V3.2 Exp (Reasoning) best for?

It excels at complex, non-interactive tasks where high intelligence is critical and speed is a secondary concern. Ideal use cases include:

  • Batch processing of documents for summarization or data extraction.
  • In-depth code analysis, review, and generation.
  • Scientific and academic research analysis.
  • Generating long-form, high-quality content like technical articles or reports.
How does it compare to a model like GPT-4o?

DeepSeek V3.2 Exp offers reasoning capabilities that are competitive with top-tier models like GPT-4o, but at a small fraction of the price. However, it is significantly slower and is a text-only model, lacking the native multi-modal (image, audio, video) capabilities of a frontier model like GPT-4o.

Is the 'Reasoning' variant different from other DeepSeek models?

Yes. This 'Exp' (Experimental) model has been specifically fine-tuned to enhance its performance on tasks requiring logic, mathematics, and coding. This specialization means it may outperform a general-purpose base model on analytical tasks, but could potentially be less proficient in more creative or conversational domains.

What does 'open-weight' mean for this model?

'Open-weight' means that the model's parameters (its 'weights') are publicly released. This allows anyone to download, modify, and run the model on their own infrastructure. This provides greater flexibility, transparency, and control compared to closed-source models that are only accessible via a proprietary API.

Why is the model's generation speed relatively slow?

The model's slow speed is a direct consequence of its large size and complex architecture, which are the very factors that contribute to its high intelligence. Generating each token requires a significant amount of computation. While optimizations like quantization (e.g., FP8) can improve speed, it remains fundamentally slower than smaller, less powerful models.

What is FP8 quantization and does it affect quality?

FP8 is an 8-bit floating-point data format that reduces a model's memory size and computational requirements, leading to faster inference. For most practical purposes, the impact of FP8 quantization on the output quality of a large model like this is negligible or non-existent. However, it is technically a lossy compression, so for applications with extreme sensitivity to nuance, testing against the full-precision model is recommended.


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