"DeepSeek is 17× cheaper than ChatGPT" was true, and it is no longer the useful sentence. The comparison that produced that number was DeepSeek V4 against GPT-5.5 at $5 input and $30 output. GPT-5.5 is now a legacy model, GPT-6 Luna launched at $0.10 input and $0.50 output, and DeepSeek's own V4.1 Flash sits at $0.30/$1.20. The 17× headline survives only if you compare against a model nobody starting today would choose.
That does not make DeepSeek irrelevant. It makes the decision more interesting: DeepSeek now wins on a different axis — a 1.1 million-token context window at a flat rate, the cheapest cached-input price in the dataset, open weights, and a 50% off-peak discount that no batch API can match for scheduled work. Here is the arithmetic that decides when each advantage actually applies.

| Model | Input | Cached | Write | Output | Context | Batch | Off-peak |
|---|---|---|---|---|---|---|---|
| DeepSeek V4.1 Flash | $0.30 | $0.006 | None | $1.20 | 1.1M | No | −50% |
| DeepSeek V4 Pro | $1.32 | $0.044 | None | $3.96 | 1M | No | −50% |
Verified October 2026. Both models are open-weight. Peak rates are shown; the off-peak window bills at half. Neither model offers a Batch API.
V4.1 Flash charges $0.30 input against GPT-5.5's $5.00 — a 16.7× gap — and $1.20 output against $30.00, a 25× gap. Against GPT-6 Sol at $2/$10 the same model is 6.7× and 8.3× cheaper. Against GPT-6 Luna at $0.10/$0.50, DeepSeek is three times more expensive on input and 2.4× on output.
The lesson is not that DeepSeek got worse. It is that the budget tier of every Western provider collapsed in price during 2026, and the "cheapest API" title moved with it. A comparison written in early 2026 is now a misleading one.
1,000 support conversations: 4,000 input and 600 output tokens each.
| Model | Peak cost | Discounted cost | Discount type |
|---|---|---|---|
| GPT-6 Luna | $0.70 | $0.70 | None |
| DeepSeek V4.1 Flash | $1.92 | $0.96 | Off-peak 50% |
| GPT-5.6 Luna | $1.52 | $1.52 | None |
| Gemini 3.5 Flash-Lite | $2.70 | $1.35 | Batch 50% |
| DeepSeek V4 Pro | $7.66 | $3.83 | Off-peak 50% |
| Claude Haiku 4.5 | $7.00 | $3.50 | Batch 50% |
Even at half price, DeepSeek V4.1 Flash does not beat GPT-6 Luna on a chat workload. It beats Flash-Lite, and it beats its own Pro sibling by 4×. If cheap chat is the goal, the answer in this dataset is not DeepSeek.
DeepSeek halves both input and output outside peak hours. For any workload that can be scheduled — nightly enrichment, backfills, report generation, batch evaluation — that is functionally a batch API with a different trigger. The comparison is direct:
| Workload | V4.1 Flash peak | V4.1 Flash off-peak | GPT-6 Luna |
|---|---|---|---|
| 1,000 support conversations | $1.92 | $0.96 | $0.70 |
| Nightly job, 10K requests | $54.00 | $27.00 | $20.00 |
| Cached RAG, 1,000 requests | $2.97 | $1.49 | $1.46 |
Off-peak turns a 2.7× deficit into rough parity on RAG and a 1.4× deficit on chat. That is a meaningful difference for a pipeline that runs at 2 a.m. and a meaningless one for a live product.
DeepSeek bills cached input at $0.006 per million — 2% of its $0.30 base rate, and the lowest absolute cached price in this dataset. GPT-6 Luna's cached rate is $0.01, Anthropic's is $0.20, OpenAI's flagship cache is $1.00.
There is no cache-write fee, so caching is free to enable and profitable from the first reuse. For a RAG pipeline that sends the same 45,000-token document block a thousand times, the cached portion costs $0.27 instead of $13.50. The input side of the bill falls by roughly 90%.
The catch is that the base rate is high enough that the total still loses to GPT-6 Luna on the same workload — $2.97 versus $1.46. DeepSeek wins the cache-percentage contest and loses the invoice.
This is DeepSeek's strongest remaining structural advantage. V4.1 Flash sells 1.1 million tokens of context at a flat $0.30 input, with no long-context tier. Compare the cost of a single 900,000-token call:
| Model | 900K input cost | Surcharge |
|---|---|---|
| DeepSeek V4.1 Flash | $0.27 | None |
| Claude Sonnet 5 | $1.80 | None |
| GPT-6 Sol | $3.60 | Doubles above 272K |
| Gemini 3.8 Flash | $1.35 | Doubles above 200K |
At that length DeepSeek is 13× cheaper than GPT-6 Sol and 6.7× cheaper than Claude Sonnet 5. For whole-codebase analysis, long transcript processing or single-pass document reasoning, nothing else in this dataset is close on absolute price. The trade-off is model quality: a 900K-token prompt is only useful if the model can still reason across it.
DeepSeek is the only provider here without a batch tier. The off-peak window is the substitute, but it is not identical: batch guarantees the discount regardless of when you submit, while off-peak requires you to control scheduling. If your pipeline is triggered by user activity rather than a cron job, you pay peak rates — and at peak, DeepSeek V4.1 Flash is 2.7× GPT-6 Luna for the same chat workload.
No. GPT-6 Luna at $0.10 input and $0.50 output undercuts DeepSeek V4.1 Flash at $0.30/$1.20, even after DeepSeek's 50% off-peak discount. DeepSeek remains the cheapest option for very long prompts and for cached input per token.
Requests outside peak hours bill at half the published rate on both input and output. It applies to V4.1 Flash and V4 Pro and requires no enrolment — only that the job can wait for the window.
No. It is the only provider in this dataset without one; the off-peak window is the closest equivalent.
1.1 million tokens on V4.1 Flash and 1 million on V4 Pro, both without a long-context surcharge.
All figures come from the dataset behind the free LLM cost calculator. See all DeepSeek models and rates for the live table.