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VECTOR WIREAI INTELLIGENCE
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Kimi K2 Thinking vs Step 3.5 Flash

Moonshot · released

Wins 4 of 7 areas

Reasoning · Facts · Long documents · Following instructions

StepFun · released

Wins 2 of 7 areas

Agents · Math

Kimi K2 Thinking wins more areas, narrowly.Step 3.5 Flash is cheaper and better at agents.

Scores updated · 30 tests both models report · How we compare

What it costs

Prices per million tokens, roughly 750,000 words. The bars show the cost of a million tokens read plus a million written.

Kimi K2 Thinking$0.60 to read · $2.50 to write$3.10Price from Artificial Analysis
Step 3.5 Flash$0.10 to read · $0.30 to write$0.40Price from Artificial Analysis

Step 3.5 Flash costs 87% less for the same work.

The biggest differences

The three tests each model wins by the widest margin. Scores are out of 100.

Where Kimi K2 Thinking pulls ahead

  • Reasons across sets of long documentsAA-LCR+22points aheadKimi K2 Thinking72Step 3.5 Flash50
  • Avoids making up answers it doesn't knowAA-Omniscience · Non-hallucination+10.1points aheadKimi K2 Thinking24.4Step 3.5 Flash14.3
  • Answers hard knowledge questions correctlyAA-Omniscience · Accuracy+7.3points aheadKimi K2 Thinking30.9Step 3.5 Flash23.6

Where Step 3.5 Flash pulls ahead

  • Finds hard-to-locate facts by browsing the webBrowseComp+27.5points aheadStep 3.5 Flash69Kimi K2 Thinking41.5
  • Fixes real GitHub issues in Python projectsSWE-bench Verified+11points aheadStep 3.5 Flash74.4Kimi K2 Thinking63.4
  • Olympiad math problems with short answersIMOAnswerBench+6.8points aheadStep 3.5 Flash85.4Kimi K2 Thinking78.6

Every test, side by side

All 30 tests both models report. The winning score is in its model's colour; marks a score checked independently.

CodingEven

Full coding ranking

AgentsStep 3.5 Flash
  • BrowseCompStep 3.5 Flash by 27.541.569+27.5
  • GDPValStep 3.5 Flash by 3.124.527.6+3.1

Full agents ranking

ReasoningKimi K2 Thinking

Full reasoning ranking

FactsKimi K2 Thinking

Full facts ranking

MathStep 3.5 Flash

Full math ranking

Long documentsKimi K2 Thinking
  • AA-LCRKimi K2 Thinking by 227250+22

Full long documents ranking

Following instructionsKimi K2 Thinking
  • IFBenchKimi K2 Thinking by 3.568.164.6+3.5

Full following instructions ranking

Other results16 tests, not counted

Tests outside the eight areas. They are not counted above: several are summary scores built from other tests, or the same test under another name.

Questions people ask

Which is better, Kimi K2 Thinking or Step 3.5 Flash?

Kimi K2 Thinking wins four of the seven areas where both have results: reasoning, facts, long documents and following instructions. Step 3.5 Flash wins agents and math, and costs 87% less. They are level on coding.

Which is better for coding?

Neither. They win 2 coding tests each of the 4 both models report.

Which is cheaper?

Kimi K2 Thinking costs $0.60 per million input tokens and $2.50 per million output tokens; Step 3.5 Flash costs $0.10 and $0.30. That makes Step 3.5 Flash about 87% cheaper for the same work.

How do you compare the two?

We use the 30 benchmark tests both models have published scores on. The verdict counts the 14 tests in the eight capability areas, and a gap under one point (ten on rating-style scales) counts as a tie. The other 16 are listed but not counted, because several are summary scores or repeat a test. Each score is the one shown on the model's own page.