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Comparison · 2 models · Updated Nov 2, 2026

Morph V3 Fast vs Kimi K2 Instruct 0905

Kimi K2 Instruct 0905 comes out ahead, 38 to 32 on our weighted score, though Morph V3 Fast is 16% cheaper per token.

  1. Morph

    Morph V3 Fast

    Released Jul 7, 2025

    32/100
    • ECI—
    • Price$0.80 / $1.20
    • Context262K
  2. Our pick

    Moonshot AI

    Kimi K2 Instruct 0905

    Released Sep 5, 2025

    38/100
    • ECI—
    • Price$0.60 / $2.50
    • Context262K
  3. Add a model

    Make it a three-way comparison.

01 — Verdict

Kimi K2 Instruct 0905 is our pick

Kimi K2 Instruct 0905 is the better all-round choice, scoring 38/100 against Morph V3 Fast (32). It leads on inputs & features. Morph V3 Fast wins on price. 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 priceMorph V3 FastMorph V3 Fast $0.90 · Kimi K2 Instruct 0905 $1.07 per 1M tokens (3:1 blend)
  • Longest contextAbout the sameMorph V3 Fast 262,144 · Kimi K2 Instruct 0905 262,144 tokens
  • Widest inputsSame inputsMorph V3 Fast: Text · Kimi K2 Instruct 0905: Text
  • Self-hostingKimi K2 Instruct 0905Publishes downloadable weights (Modified MIT)
How the score is built
MeasureWeightMorph V3 FastKimi K2 Instruct 0905
Price50%5046
Inputs & features30%025
Context window20%3737
Overall100%32/10038/100

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.

Morph V3 Fast vs Kimi K2 Instruct 0905 specifications side by side
SpecificationMorph V3 FastMorphKimi K2 Instruct 0905Moonshot AI
Capability
Capabilities Index (ECI)——
ECI rank——
Price per million tokens
Input$0.80$0.60 (best)
Output$1.20 (best)$2.50
Cached input——
Blended (3:1)$0.90 (best)$1.07
Long-context rateSame rateSame rate
Price sourceMedian of 5 providersMedian of 12 providers
Limits
Context window262,144 tokens262,144 tokens
Max output131,072 tokens (best)98,304 tokens
Inputs and features
TextYesYes
ImagesNoNo
PDFsNoNo
AudioNoNo
VideoNoNo
ReasoningNoNo
Tool callingNoYes
Structured outputNoNo
Availability
WeightsProprietaryOpenModified MIT
API model ID——
API providers513 (best)
ReleasedJul 7, 2025Sep 5, 2025
Knowledge cutoff——
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.

  • Morph V3 Fast$10.40
  • Kimi K2 Instruct 0905$11.00
04 — Questions

Which should you choose?

Which is better: Morph V3 Fast or Kimi K2 Instruct 0905?

Kimi K2 Instruct 0905 is the better all-round choice, scoring 38/100 against Morph V3 Fast (32). It leads on inputs & features. Morph V3 Fast wins on price. 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, Morph V3 Fast or Kimi K2 Instruct 0905?

Morph V3 Fast is cheaper at $0.80 input / $1.20 output per million tokens (median across 5 API providers). Kimi K2 Instruct 0905 costs $0.60 input / $2.50 output per million tokens (median across 12 API providers). At a typical mix of three input tokens to one output token, that is $0.90 per million tokens for Morph V3 Fast versus $1.07 for Kimi K2 Instruct 0905 (1.2× as much).

Which scores higher on benchmarks?

There is no independent benchmark that covers both models yet. Morph V3 Fast has not been scored yet and Kimi K2 Instruct 0905 has not been scored yet.

Which is better for coding?

There are no published SWE-bench Verified results for Morph V3 Fast and Kimi K2 Instruct 0905 yet, so there is no like-for-like coding score. Test both on a sample of your own tasks. Note that Morph V3 Fast does not support tool calling, which most coding agents need.

Which has the bigger context window?

Morph V3 Fast and Kimi K2 Instruct 0905 share the same 262,144-token context window. Maximum output per response: Morph V3 Fast up to 131,072, Kimi K2 Instruct 0905 up to 98,304 tokens.

Which can read images, PDFs, audio or video?

Morph V3 Fast accepts text; Kimi K2 Instruct 0905 accepts text. They handle the same number of input types.

Are any of these open source?

Kimi K2 Instruct 0905 publishes its weights (Modified MIT) and can be self-hosted; Morph V3 Fast is proprietary.

Which is newer?

Kimi K2 Instruct 0905 is the newest, released Sep 5, 2025. Morph V3 Fast came out Jul 7, 2025.

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.