DeepSeek V4-Flash - 1M-Context Agent Model at $0.28 per Million Output Tokens

DeepSeek V4-Flash is the cheap, high-throughput half of DeepSeek's V4 model family, a 1M-context model aimed at developers running long agent loops and coding agents where a single task can trigger hundreds of model calls. The V4-Flash-0731 checkpoint landed on Hugging Face and the API entered public beta on 31 July 2026. It is a 284B-parameter mixture-of-experts model that activates only 13B parameters per token, released under an ungated MIT licence.

Core Features

  • 1M-token context window with up to 384K tokens of output in one response
  • Thinking and non-thinking modes switch per request; the retiring deepseek-chat and deepseek-reasoner names map onto those two modes
  • Tool calling, JSON output, FIM completion and chat prefix completion for agent harnesses
  • Served in both OpenAI and Anthropic API formats at api.deepseek.com, with Responses API support and Codex compatibility
  • DSpark speculative decoding module bundled into the weights, enabled in vLLM with a single flag
  • Concurrency ceiling of 2,500 requests, five times what V4-Pro allows

Use Cases

  • Coding agents and CI pipelines where token spend compounds across long multi-step runs
  • Whole-codebase or long-document analysis that actually needs the 1M context
  • Self-hosted deployment for teams that cannot send source code to a third-party API

Pricing

API rates are $0.14 per million input tokens on a cache miss, $0.0028 on a cache hit, and $0.28 per million output tokens, roughly a third of what V4-Pro charges. Model weights are free to download and run on your own hardware.

Our Take

Best for high-volume agent and coding workloads where call count matters more than peak reasoning; keep V4-Pro or Claude for the few hardest steps. The trade-off worth pricing in: DeepSeek ran its agent benchmarks at maximum reasoning effort, so real-world token spend can climb well above the headline rate. More engines at aifreetool.site/tool-category/ai-engine-model/

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