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GPT-5.4 vs DeepSeek V3.2 (Chat)

Pricing, context window, and benchmark comparison · Last updated April 2026

Quick Verdict

DeepSeek V3.2 (Chat) is cheaper than GPT-5.4 at $0.28/1M/1M vs $2.50/1M/1M input tokens — a 8.9x cost difference. GPT-5.4 scores higher on quality benchmarks (ELO 1420). Choose DeepSeek V3.2 (Chat) for cost-sensitive workloads; choose GPT-5.4 for maximum quality.

Detailed Comparison

MetricGPT-5.4DeepSeek V3.2 (Chat)
Input Price / 1M tokens$2.50/1M$0.28/1MCheaper
Output Price / 1M tokens$15.00/1M$0.42/1MCheaper
Context Window272KLarger128K
ELO Score (LMSYS)1420Smarter1355
Open SourceYes
Free Tier
Release Date2026-032025-12

Which is cheaper: GPT-5.4 or DeepSeek V3.2 (Chat)?

DeepSeek V3.2 (Chat) is the cheaper option at $0.28/1M per 1M input tokens, compared to $2.50/1M for GPT-5.4. That is a 8.9x cost difference on input tokens. Output pricing follows a similar pattern: GPT-5.4 charges $15.00/1M/1M vs $0.42/1M/1M for DeepSeek V3.2 (Chat).

Which has better quality: GPT-5.4 or DeepSeek V3.2 (Chat)?

Based on LMSYS Chatbot Arena rankings, GPT-5.4 achieves a higher ELO score (1420 vs 1355), suggesting stronger performance on open-ended tasks. GPT-5.4 excels at openai flagship — top-tier reasoning, coding, and multimodal. DeepSeek V3.2 (Chat) is known for frontier-class quality at ~10x lower cost than us flagships.

Which should you choose: GPT-5.4 or DeepSeek V3.2 (Chat)?

Choose GPT-5.4 if:
  • OpenAI flagship — top-tier reasoning, coding, and multimodal
  • Native computer use and tool search
  • 272K standard context (expandable to 1M)
Choose DeepSeek V3.2 (Chat) if:
  • Frontier-class quality at ~10x lower cost than US flagships
  • Cache-hit input pricing of $0.028/1M (90% off)
  • Open weights available

Frequently Asked Questions

Which is cheaper: GPT-5.4 or DeepSeek V3.2 (Chat)?

DeepSeek V3.2 (Chat) is cheaper at $0.28/1M per 1M input tokens, making it 8.9x more affordable.

Which has better quality: GPT-5.4 or DeepSeek V3.2 (Chat)?

GPT-5.4 scores higher on the LMSYS Chatbot Arena with an ELO of 1420, suggesting better overall quality for most tasks.

Which has a larger context window: GPT-5.4 or DeepSeek V3.2 (Chat)?

GPT-5.4 has a larger context window at 272K tokens.

Should I choose GPT-5.4 or DeepSeek V3.2 (Chat)?

Choose DeepSeek V3.2 (Chat) if cost is the priority. Choose GPT-5.4 if benchmark quality is most important. Consider your specific use case: GPT-5.4 is best for coding and reasoning, while DeepSeek V3.2 (Chat) excels at coding and low-cost.

Is GPT-5.4 or DeepSeek V3.2 (Chat) open source?

GPT-5.4 is proprietary. DeepSeek V3.2 (Chat) is open source.

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