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Kimi K3 vs Kimi K2.6

Kimi K3 is from Moonshot AI, released July 16, 2026. Kimi K2.6 is from Moonshot AI, released January 20, 2026.

  • LMArena Elo1488 vs 1461. Kimi K3 is 1.8% ahead on LMArena Elo.
  • Input per 1M$3 vs $0.95. Kimi K2.6 costs 68% less per million input tokens.
  • Output per 1M$15 vs $4. Kimi K2.6 costs 73% less per million output tokens.
  • Context window1M vs 262k. Kimi K3 takes 282% more context in one request.

Prices are the vendors’ published API rates; Elo is LMArena’s text board. Each figure is dated on its model page.

Interactive Comparison

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$3 / $15 per million tokens
$0.95 / $4 per million tokens
Identity
DeveloperMoonshot AIMoonshot AI
ReleasedJul 2026Jan 2026
StatusGA—
LicenceOpen weights (Kimi K3 License)Open weights (Modified MIT)
Self-hostableYesYes
Cost
Blended $/1M tokensinput × 0.75 + output × 0.25$6.000 / 1M tokens$1.712 / 1M tokens
Input price$3.000 / 1M tokens$0.950 / 1M tokens
Output price$15.000 / 1M tokens$4.000 / 1M tokens
Cached input$0.30 / 1M tokens (automatic context-cache hit; $3.00 on a cache miss)—
Batch discountNot offered—
Free tierNot offered—
Capacity
Context window1M tokens262.1K tokens
Max output128k tokens (default; max_completion_tokens configurable up to 1M)—
Long-context surchargeNone (flat rate across the 1M window)—
Capability
Vision inYes—
Audio inNo—
Function callingYes—
Structured outputYes—
Extended reasoningYes—
Web searchYes (tool currently being updated by Moonshot; not recommended for near-term use)—
Code executionNot offered—
Access
APIYes—
Chat appYes—
Cloud marketplacesAzure AI Foundry (via Fireworks AI), OpenRouter—
Fine-tuningNot offered—
Measured quality
LMArena Elo1488 (checked Oct 2026)1461 (checked Oct 2026)
LMArena rankRank 16Rank 58
GPQA Diamond9391
SWE-bench Verified—77
Elo per dollarLMArena Elo ÷ blended $/1M tokens248853

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