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Comparison · 2 models · Updated Nov 2, 2026

Kimi K2 Instruct 0905 vs o4-mini-deep-research

Too close to call on our weighted score (Kimi K2 Instruct 0905 38, o4-mini-deep-research 37). The right pick depends on what you value most.

  1. Moonshot AI

    Kimi K2 Instruct 0905

    Released Sep 5, 2025

    38/100
    • ECI—
    • Price$0.60 / $2.50
    • Context262K
  2. OpenAI

    o4-mini-deep-research

    Released Jun 26, 2025

    37/100
    • ECI—
    • Price$1.80 / $7.20
    • Context200K
  3. Add a model

    Make it a three-way comparison.

01 — Verdict

Too close to call

It is close. Our weighted score puts them within 1 points (Kimi K2 Instruct 0905 38/100, o4-mini-deep-research 37/100), so choose by what matters most for your work: Kimi K2 Instruct 0905 on price and Kimi K2 Instruct 0905 for long inputs. The score weighs price 50%, inputs & features 30%, context window 20%. None of the shared benchmarks cover every model here yet, so capability is left out of this verdict.

  • CapabilityNot enough dataNo independent benchmark covers every model here yet
  • Lowest priceKimi K2 Instruct 0905Kimi K2 Instruct 0905 $1.07 · o4-mini-deep-research $3.15 per 1M tokens (3:1 blend)
  • Longest contextKimi K2 Instruct 0905Kimi K2 Instruct 0905 262,144 · o4-mini-deep-research 200,000 tokens
  • Widest inputso4-mini-deep-researchKimi K2 Instruct 0905: Text · o4-mini-deep-research: Text, Images
  • Self-hostingKimi K2 Instruct 0905Publishes downloadable weights (Modified MIT)
How the score is built
MeasureWeightKimi K2 Instruct 0905o4-mini-deep-research
Price50%4625
Inputs & features30%2560
Context window20%3732
Overall100%38/10037/100

Left out because at least one model lacks the data: capability. The remaining weights were rescaled.

02 — Side by side

Every spec in one table

Highlighted cells lead their row. Dashes mean the data is not published.

Kimi K2 Instruct 0905 vs o4-mini-deep-research specifications side by side
SpecificationKimi K2 Instruct 0905Moonshot AIo4-mini-deep-researchOpenAI
Capability
Capabilities Index (ECI)——
ECI rank——
Price per million tokens
Input$0.60 (best)$1.80
Output$2.50 (best)$7.20
Cached input——
Blended (3:1)$1.07 (best)$3.15
Long-context rateSame rateSame rate
Price sourceMedian of 12 providersMedian of 1 providers
Limits
Context window262,144 tokens (best)200,000 tokens
Max output98,304 tokens100,000 tokens (best)
Inputs and features
TextYesYes
ImagesNoYes
PDFsNoNo
AudioNoNo
VideoNoNo
ReasoningNoYes
Tool callingYesYes
Structured outputNoNo
Availability
WeightsOpenModified MITProprietary
API model ID——
API providers13 (best)1
ReleasedSep 5, 2025Jun 26, 2025
Knowledge cutoff—May 2024
03 — Cost

What would a month cost?

Enter your expected volume in millions of tokens. List prices only; caching and batch discounts would lower these.

  • Kimi K2 Instruct 0905$11.00
  • o4-mini-deep-research$32.40
04 — Questions

Which should you choose?

Which is better: Kimi K2 Instruct 0905 or o4-mini-deep-research?

It is close. Our weighted score puts them within 1 points (Kimi K2 Instruct 0905 38/100, o4-mini-deep-research 37/100), so choose by what matters most for your work: Kimi K2 Instruct 0905 on price and Kimi K2 Instruct 0905 for long inputs. The score weighs price 50%, inputs & features 30%, context window 20%. None of the shared benchmarks cover every model here yet, so capability is left out of this verdict.

Which is cheaper, Kimi K2 Instruct 0905 or o4-mini-deep-research?

Kimi K2 Instruct 0905 is cheaper at $0.60 input / $2.50 output per million tokens (median across 12 API providers). o4-mini-deep-research costs $1.80 input / $7.20 output per million tokens (median across 1 API provider). At a typical mix of three input tokens to one output token, that is $1.07 per million tokens for Kimi K2 Instruct 0905 versus $3.15 for o4-mini-deep-research (2.9× as much).

Which scores higher on benchmarks?

There is no independent benchmark that covers both models yet. Kimi K2 Instruct 0905 has not been scored yet and o4-mini-deep-research has not been scored yet.

Which is better for coding?

There are no published SWE-bench Verified results for Kimi K2 Instruct 0905 and o4-mini-deep-research yet, so there is no like-for-like coding score. Test both on a sample of your own tasks. Both support tool calling for agent workflows.

Which has the bigger context window?

Kimi K2 Instruct 0905 has the largest context window at 262,144 tokens, against 200,000 for o4-mini-deep-research. Maximum output per response: Kimi K2 Instruct 0905 up to 98,304, o4-mini-deep-research up to 100,000 tokens.

Which can read images, PDFs, audio or video?

Kimi K2 Instruct 0905 accepts text; o4-mini-deep-research accepts text and images. o4-mini-deep-research handles the widest range of inputs.

Are any of these open source?

Kimi K2 Instruct 0905 publishes its weights (Modified MIT) and can be self-hosted; o4-mini-deep-research is proprietary.

Which is newer?

Kimi K2 Instruct 0905 is the newest, released Sep 5, 2025. o4-mini-deep-research came out Jun 26, 2025. Knowledge cutoff: o4-mini-deep-research May 2024.

How do you decide the winner?

Each model gets a 0–100 score on capability (50%, independent benchmark results); price (25%, blended price per million tokens (3 input : 1 output), log scale); inputs & features (15%, image, PDF, audio and video input, tool calling, structured output and reasoning); context window (10%, maximum tokens per request, log scale). Dimensions missing for any model are dropped and the remaining weights rescaled, so every model is judged on the same evidence. Specs and prices come from public model listings and the labs’ own API pages; capability scores come from independent benchmark runs. Data updated Nov 2, 2026.