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DeepSeek V3.2 vs Step 5 Preview

Step 5 Preview leads DeepSeek V3.2 on coding, 61.1 to 30.0 on the Vibe Coding Index, and DeepSeek V3.2 costs 3.1x less per output token ($0.88 vs $2.70 per million). Updated October 22, 2026; 32 benchmarks have a result for both.

DeepSeek V3.2DeepSeek
Coding
30.0
Overall
37.9
Output $/M
$0.88
1
Step 5 PreviewStepFun
Coding
61.1
Overall
60.5
Output $/M
$2.70
31
vs boards won of 32 shared

DeepSeek V3.2 or Step 5 Preview: which to pick

Pick Step 5 Preview for coding: it scores 61.1 on the Vibe Coding Index against 30.0 for DeepSeek V3.2.

Pick DeepSeek V3.2 for output tokens 3.1x cheaper ($0.88 vs $2.70 per million) and work measured by LMArena Text: medicine and healthcare, where it leads.

Shared results
32
DeepSeek V3.2 only
43
Step 5 Preview only
29
Like-for-like categories
6 of 9

Only benchmarks that tested both models count toward a pick; a result only one model has is shown but not compared.

Which one for your work

Each card is decided by one number both models carry. Where only one has it, the card says so and makes no call.

At a glance

Coding index
DeepSeek V3.2 30.0 from 3 benchmarks, Step 5 Preview 61.1 from 4 benchmarks.
Widest category
Coding, 28.9 points apart on average over 6 shared benchmarks.
Widest single gap
Vibe Code Bench (Vals AI): DeepSeek V3.2 5.1% against Step 5 Preview 70.4%, 65.3 points apart on a 0 to 100 scale.
Output price
DeepSeek V3.2 $0.88 against Step 5 Preview $2.70 per million output tokens, 3.1x apart.
Context window
DeepSeek V3.2 takes 164K tokens, Step 5 Preview 1.05M.

Benchmark by benchmark

First the score: boards each model leads, per category, where both have a result. Then every board, a category to a fold; bars are each result on a 0 to 100 scale, so compare the two in a row, not one row with another.

Boards won, where both have a result
CategoryDeepSeek V3.2BarsStep 5 PreviewTies
Coding06
Intelligence01
Reasoning04
Math02
Knowledge13
General015
All shared boards131
CodingLike-for-likeSix of these boards feed the Vibe Coding Index06
Coding benchmarks for DeepSeek V3.2 and Step 5 Preview
BenchmarkDeepSeek V3.2Step 5 PreviewLeader
SWE-bench Verified70.0%Not measuredOnly DeepSeek V3.2 measured
SWE-bench Multilingual59.0%Not measuredOnly DeepSeek V3.2 measured
LiveBench codingNot measured85.6%Only Step 5 Preview measured
LMArena WebDev13621567Step 5 Preview
AA Coding Index44.2Not measuredOnly DeepSeek V3.2 measured
LiveCodeBench (Vals AI)80.7%Not measuredOnly DeepSeek V3.2 measured
SWE-bench Verified (Vals AI)67.6%Not measuredOnly DeepSeek V3.2 measured
Terminal-Bench 4 (Vals AI)Not measured31.8%Only Step 5 Preview measured
Vibe Code Bench (Vals AI)5.1%70.4%Step 5 Preview
Code migration (Vals AI)Not measured39.0%Only Step 5 Preview measured
IOI (Vals AI)Not measured38.1%Only Step 5 Preview measured
SWE-bench Multimodal (Vals AI)Not measured40.8%Only Step 5 Preview measured
LiveCodeBench (Artificial Analysis run)86.2%Not measuredOnly DeepSeek V3.2 measured
SciCodeNot measured58.9%Only Step 5 Preview measured
Terminal-Bench Hard (Artificial Analysis run)35.6%Not measuredOnly DeepSeek V3.2 measured
Terminal-Bench39.6%Not measuredOnly DeepSeek V3.2 measured
LMArena Text: coding14531485Step 5 Preview
LMArena Text: software and IT14491473Step 5 Preview
LMArena WebDev: React13501583Step 5 Preview
LMArena WebDev: HTML13711556Step 5 Preview
LMArena WebDev: from an imageNot measured1550Only Step 5 Preview measured
Neither model has a result on the other 18 boards here
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index01
Intelligence benchmarks for DeepSeek V3.2 and Step 5 Preview
BenchmarkDeepSeek V3.2Step 5 PreviewLeader
AA Intelligence Index21.543.7Step 5 Preview
Epoch Capabilities Index146.1Not measuredOnly DeepSeek V3.2 measured
Agentic workDirectional onlyPublic boards, shown as published, kept out of the index14 boards, none shared
Agentic work benchmarks for DeepSeek V3.2 and Step 5 Preview
BenchmarkDeepSeek V3.2Step 5 PreviewLeader
LiveBench researchNot measured72.8%Only Step 5 Preview measured
LiveBench browserNot measured24.0%Only Step 5 Preview measured
LiveBench long agenticNot measured27.5%Only Step 5 Preview measured
SREBench (Vals AI)Not measured0.4%Only Step 5 Preview measured
Finance Agent (Vals AI)Not measured50.7%Only Step 5 Preview measured
Tax Agent Bench (Vals AI)Not measured27.3%Only Step 5 Preview measured
Legal Research Bench (Vals AI)Not measured40.4%Only Step 5 Preview measured
Excel Modeling Benchmark (Vals AI)Not measured57.1%Only Step 5 Preview measured
BioMysteryBench (Vals AI)Not measured67.4%Only Step 5 Preview measured
Terminal-Bench-Science (Vals AI)Not measured2.9%Only Step 5 Preview measured
Vals Science IndexNot measured29.6%Only Step 5 Preview measured
τ²-Bench Telecom90.6%Not measuredOnly DeepSeek V3.2 measured
APEX-Agents21.3%Not measuredOnly DeepSeek V3.2 measured
Vending-Bench 2$1,034Not measuredOnly DeepSeek V3.2 measured
Neither model has a result on the other 27 boards here
ReasoningLike-for-likePublic boards, shown as published, kept out of the index04
Reasoning benchmarks for DeepSeek V3.2 and Step 5 Preview
BenchmarkDeepSeek V3.2Step 5 PreviewLeader
GPQA Diamond80.3%Not measuredOnly DeepSeek V3.2 measured
LiveBench reasoningNot measured83.8%Only Step 5 Preview measured
MysteryMechanism (Vals AI)Not measured18.5%Only Step 5 Preview measured
GPQA Diamond (Artificial Analysis run)84.0%Not measuredOnly DeepSeek V3.2 measured
Humanity's Last Exam (Artificial Analysis run)24.6%46.5%Step 5 Preview
ARC-AGI57.0%Not measuredOnly DeepSeek V3.2 measured
ARC-AGI-24.0%Not measuredOnly DeepSeek V3.2 measured
LMArena Text: hard prompts14341461Step 5 Preview
LMArena Text: expert14361485Step 5 Preview
LMArena Text: hard prompts in English14461454Step 5 Preview
LMArena Vision: diagramsNot measured1308Only Step 5 Preview measured
LMArena Vision: homeworkNot measured1265Only Step 5 Preview measured
Neither model has a result on the other 10 boards here
MathLike-for-likePublic boards, shown as published, kept out of the index02
Math benchmarks for DeepSeek V3.2 and Step 5 Preview
BenchmarkDeepSeek V3.2Step 5 PreviewLeader
AIME84.6%Not measuredOnly DeepSeek V3.2 measured
MGSM (Vals AI)86.0%Not measuredOnly DeepSeek V3.2 measured
AA Math Index92.0Not measuredOnly DeepSeek V3.2 measured
AIME 2025 (Artificial Analysis run)92.0%Not measuredOnly DeepSeek V3.2 measured
ProofBenchNot measured42.0%Only Step 5 Preview measured
LMArena Text: math14351458Step 5 Preview
LMArena Text: mathematical work14401460Step 5 Preview
Neither model has a result on the other 6 boards here
KnowledgeLike-for-likePublic boards, shown as published, kept out of the index13
Knowledge benchmarks for DeepSeek V3.2 and Step 5 Preview
BenchmarkDeepSeek V3.2Step 5 PreviewLeader
MMLU Pro84.9%Not measuredOnly DeepSeek V3.2 measured
LegalBench (Vals AI)76.1%Not measuredOnly DeepSeek V3.2 measured
CaseLaw (Vals AI)55.4%Not measuredOnly DeepSeek V3.2 measured
CorpFin (Vals AI)51.0%Not measuredOnly DeepSeek V3.2 measured
TaxEval (Vals AI)68.2%Not measuredOnly DeepSeek V3.2 measured
MedQA (Vals AI)93.9%Not measuredOnly DeepSeek V3.2 measured
MMLU Pro (Artificial Analysis run)86.2%Not measuredOnly DeepSeek V3.2 measured
LMArena Text: science14461454Step 5 Preview
LMArena Text: medicine and healthcare14401439DeepSeek V3.2
LMArena Text: legal and government14251437Step 5 Preview
LMArena Text: business and finance14101435Step 5 Preview
Neither model has a result on the other 7 boards here
Web designDirectional onlyPublic boards, shown as published, kept out of the index9 boards, none shared
Web design benchmarks for DeepSeek V3.2 and Step 5 Preview
BenchmarkDeepSeek V3.2Step 5 PreviewLeader
Design Arena: websites1175Not measuredOnly DeepSeek V3.2 measured
Design Arena: UI components1146Not measuredOnly DeepSeek V3.2 measured
Design Arena: game dev1131Not measuredOnly DeepSeek V3.2 measured
Design Arena: data viz1158Not measuredOnly DeepSeek V3.2 measured
Design Arena: 3D1132Not measuredOnly DeepSeek V3.2 measured
Design Arena: all code categories1163Not measuredOnly DeepSeek V3.2 measured
Design Arena: SVG1032Not measuredOnly DeepSeek V3.2 measured
Design Arena: ASCII art1083Not measuredOnly DeepSeek V3.2 measured
LiveBench designNot measured76.9%Only Step 5 Preview measured
GeneralLike-for-likePublic boards, shown as published, kept out of the index015
General benchmarks for DeepSeek V3.2 and Step 5 Preview
BenchmarkDeepSeek V3.2Step 5 PreviewLeader
LiveBench data analysisNot measured63.5%Only Step 5 Preview measured
Public Benefits Bench (Vals AI)Not measured58.1%Only Step 5 Preview measured
IFBench60.7%Not measuredOnly DeepSeek V3.2 measured
Long context reasoning (AA-LCR)73.3%88.3%Step 5 Preview
DTBench85.6%Not measuredOnly DeepSeek V3.2 measured
LMCA28.8%Not measuredOnly DeepSeek V3.2 measured
CL-bench12.4%Not measuredOnly DeepSeek V3.2 measured
CL-bench Life7.4%Not measuredOnly DeepSeek V3.2 measured
LMArena Text14251440Step 5 Preview
LMArena Text: instruction following14131438Step 5 Preview
LMArena Text: creative writing14001409Step 5 Preview
LMArena VisionNot measured1265Only Step 5 Preview measured
LMArena Text: English14391447Step 5 Preview
LMArena Text: non-English14091428Step 5 Preview
LMArena Text: Chinese14551500Step 5 Preview
LMArena Text: German1413Not measuredOnly DeepSeek V3.2 measured
LMArena Text: Japanese13741383Step 5 Preview
LMArena Text: Korean1370Not measuredOnly DeepSeek V3.2 measured
LMArena Text: French14291438Step 5 Preview
LMArena Text: Spanish14241441Step 5 Preview
LMArena Text: Russian14241433Step 5 Preview
LMArena Text: Polish1419Not measuredOnly DeepSeek V3.2 measured
LMArena Text: multi-turn14271437Step 5 Preview
LMArena Text: longer queries14281449Step 5 Preview
LMArena Text: writing and language14071425Step 5 Preview
LMArena Text: entertainment and media13951412Step 5 Preview
LMArena Vision: EnglishNot measured1290Only Step 5 Preview measured
LMArena Vision: reading textNot measured1282Only Step 5 Preview measured
Neither model has a result on the other 18 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for DeepSeek V3.2 and Step 5 Preview
BenchmarkDeepSeek V3.2Step 5 PreviewLeader
Neither model has a result on 5 boards here

What each workload costs

Three fixed token mixes at each model's listed price, so per-token rates become a bill.

Chat turn

1K input + 500 output tokens

DeepSeek V3.2$0.0007Fits in one request
Step 5 Preview$0.0024Fits in one request

DeepSeek V3.2 costs less

Repository review

50K input + 3K output tokens

DeepSeek V3.2$0.017Fits in one request
Step 5 Preview$0.058Fits in one request

DeepSeek V3.2 costs less

Agent loop

200K input + 10K output tokens

DeepSeek V3.2$0.067Exceeds the context window
Step 5 Preview$0.227Fits in one request

DeepSeek V3.2 costs less

Listed OpenRouter rates, without cache or batch discounts. A workload that does not fit a model's context window would need splitting.

Specification differences

The leading value in a row is marked; a row with a missing value names no leader. Our two rows are marked in red.

Specifications of DeepSeek V3.2 and Step 5 Preview
SpecificationDeepSeek V3.2StepFun Step 5 Preview
MakerDeepSeekStepFun
WeightsOpen weightsOpen weights
ReleasedDecember 1, 2025October 8, 2026
Context window164K1.05M
Input $/Mtok$0.29$1.00
Output $/Mtok$0.88$2.70
Coding index30.061.1
Independent measurements behind it34
Cost per solved task$0.99Not computable
SourceOpenRouter listingOpenRouter listing

Questions

Is DeepSeek V3.2 better than Step 5 Preview for coding?

Pick Step 5 Preview for coding: it scores 61.1 on the Vibe Coding Index against 30.0 for DeepSeek V3.2. Pick DeepSeek V3.2 for output tokens 3.1x cheaper ($0.88 vs $2.70 per million) and work measured by LMArena Text: medicine and healthcare, where it leads.

Which is cheaper, DeepSeek V3.2 or Step 5 Preview?

DeepSeek V3.2 costs $0.29 per million input tokens and $0.88 per million output tokens; Step 5 Preview costs $1.00 and $2.70. Cost per solved task is known for DeepSeek V3.2 only.

Which has the bigger context window, DeepSeek V3.2 or Step 5 Preview?

Step 5 Preview, with 1.05M tokens against 164K.

How many benchmarks is the DeepSeek V3.2 vs Step 5 Preview comparison based on?

32 benchmarks have a result for both models as of October 22, 2026. DeepSeek V3.2's coding index rests on 3 independent benchmarks and Step 5 Preview's on 4. Where only one model has a result, the page says so instead of naming a winner.

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<p style="font:13px/1.4 sans-serif;margin:6px 0 0">Source: <a href="https://llmbenchmark.ai/compare/deepseek-v3-2-vs-stepfun-step-5-preview">LLMBenchmark.ai, DeepSeek V3.2 vs Step 5 Preview</a></p>