DeepSeek V3 vs o3-mini: Pricing, Benchmarks & Verdict (2026)

Pricing verified Apr 20, 2026By LLMversusUpdated June 14, 2026View methodology

⚡ Quick Answer

DeepSeek V3 is significantly cheaper at $0.27/$1.10 per million tokens vs $1.10/$4.40. o3-mini is stronger for coding with a coding ELO of 1340 vs 1300. DeepSeek V3 is faster at 85 tokens/sec vs 55 tokens/sec. o3-mini ranks higher overall with an Arena ELO of 1310 vs 1280. o3-mini offers a larger 200K context window vs 128K.

Updated: April 20, 2026 · ✓ Pricing verified

Side-by-Side Comparison

FeatureDeepSeek V3o3-mini
ProviderDeepSeekOpenAI
Input Price / 1M tokens$0.259$1.10
Output Price / 1M tokens$0.420$4.40
Context Window
128K
128K
Max Output Tokens
8,192
65,536
Arena ELO
1,280
1,280
Coding ELO
1,300
1,285
TTFT (ms)
220
350
Tokens/sec
85
25
MultimodalNoNo
JSON ModeYesYes
Function CallingYesNo
VisionNoNo
When to Use DeepSeek V3

Choose DeepSeek V3 when you need: excellent coding performance for its price, open-source and self-hostable, very competitive benchmarks, extremely affordable. It excels at coding, general-purpose, cost-sensitive, open-source tasks. It is also the more cost-effective option between the two.

Strengths:

  • Excellent coding performance for its price
  • Open-source and self-hostable
  • Very competitive benchmarks
  • Extremely affordable

Best for:

codinggeneral-purposecost-sensitiveopen-source
When to Use o3-mini

Choose o3-mini when you need: strong mathematical reasoning, good coding performance, affordable reasoning model, large output window. It excels at reasoning, math, coding, science tasks. Its 200K context window is larger, making it better for long-document processing.

Strengths:

  • Strong reasoning
  • Good math skills
  • Affordable reasoning

Best for:

reasoningmathgeneral-purpose

Frequently Asked Questions

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