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DeepSeek V4 Flash 0423 vs Step 5 Preview

Updated October 21, 2026. 29 benchmarks have a result for both. Coding is ranked on the Vibe Coding Index; every other board is shown as published.

DeepSeek V4 Flash 0423DeepSeek
Coding
54.6
Overall
24.4
Output $/M
$0.182
8
Step 5 PreviewStepFun
Coding
71.4
Overall
43.7
Output $/M
$2.70
21
vs boards won of 29 shared

Decision reading

Pick Step 5 Preview for coding: it scores 71.4 on the Vibe Coding Index against 54.6 for DeepSeek V4 Flash 0423.

Pick DeepSeek V4 Flash 0423 when output tokens cost 14.8x less, or when what matters is LMArena WebDev or LMArena WebDev: React, where it leads.

Shared results
29
DeepSeek V4 Flash 0423 only
19
Step 5 Preview only
32
Like-for-like categories
6 of 9

Shared results can support a head-to-head reading. Results only one model has describe coverage, not superiority.

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 V4 Flash 0423 54.6 from 1 benchmark, Step 5 Preview 71.4 from 2 benchmarks.
Widest category
Intelligence, 19.3 points apart on average over 1 shared benchmark.
Widest single gap
AA Intelligence Index: DeepSeek V4 Flash 0423 24.4 against Step 5 Preview 43.7, 19.3 points apart on a 0 to 100 scale.
Output price
DeepSeek V4 Flash 0423 $0.182 against Step 5 Preview $2.70 per million output tokens, 14.8x apart.
Context window
Both take 1.05M tokens.

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 V4 Flash 0423BarsStep 5 PreviewTies
Coding32
Intelligence01
Reasoning03
Math02
Knowledge22
General311
All shared boards821
CodingLike-for-likeFour of these boards feed the Vibe Coding Index32
Coding benchmarks for DeepSeek V4 Flash 0423 and Step 5 Preview
BenchmarkDeepSeek V4 Flash 0423Step 5 PreviewLeader
LiveBench codingNot measured85.6%Only Step 5 Preview measured
LMArena WebDev15821567DeepSeek V4 Flash 0423
AA Coding Index52.0Not measuredOnly DeepSeek V4 Flash 0423 measured
Terminal-Bench 4 (Vals AI)Not measured31.8%Only Step 5 Preview measured
Vibe Code Bench (Vals AI)Not measured70.4%Only Step 5 Preview measured
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
SciCodeNot measured58.9%Only Step 5 Preview measured
WeirdML45.6%Not measuredOnly DeepSeek V4 Flash 0423 measured
ALE-Bench678.2Not measuredOnly DeepSeek V4 Flash 0423 measured
LMArena Text: coding14571485Step 5 Preview
LMArena Text: software and IT14531473Step 5 Preview
LMArena WebDev: React15851583DeepSeek V4 Flash 0423
LMArena WebDev: HTML15581556DeepSeek V4 Flash 0423
LMArena WebDev: from an imageNot measured1550Only Step 5 Preview measured
Neither model has a result on the other 22 boards here
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index01
Intelligence benchmarks for DeepSeek V4 Flash 0423 and Step 5 Preview
BenchmarkDeepSeek V4 Flash 0423Step 5 PreviewLeader
AA Intelligence Index24.443.7Step 5 Preview
Epoch Capabilities Index146.1Not measuredOnly DeepSeek V4 Flash 0423 measured
Agentic workDirectional onlyPublic boards, shown as published, kept out of the index12 boards, none shared
Agentic work benchmarks for DeepSeek V4 Flash 0423 and Step 5 Preview
BenchmarkDeepSeek V4 Flash 0423Step 5 PreviewLeader
AA Agentic Index26.3Not measuredOnly DeepSeek V4 Flash 0423 measured
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
Neither model has a result on the other 27 boards here
ReasoningLike-for-likePublic boards, shown as published, kept out of the index03
Reasoning benchmarks for DeepSeek V4 Flash 0423 and Step 5 Preview
BenchmarkDeepSeek V4 Flash 0423Step 5 PreviewLeader
LiveBench reasoningNot measured83.8%Only Step 5 Preview measured
MysteryMechanism (Vals AI)Not measured18.5%Only Step 5 Preview measured
Humanity's Last Exam (Artificial Analysis run)Not measured46.5%Only Step 5 Preview measured
SimpleBench46.3%Not measuredOnly DeepSeek V4 Flash 0423 measured
LMArena Text: hard prompts14441461Step 5 Preview
LMArena Text: expert14411485Step 5 Preview
LMArena Text: hard prompts in English14491454Step 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 12 boards here
MathLike-for-likePublic boards, shown as published, kept out of the index02
Math benchmarks for DeepSeek V4 Flash 0423 and Step 5 Preview
BenchmarkDeepSeek V4 Flash 0423Step 5 PreviewLeader
ProofBenchNot measured42.0%Only Step 5 Preview measured
LMArena Text: math14261458Step 5 Preview
LMArena Text: mathematical work14321460Step 5 Preview
Neither model has a result on the other 10 boards here
KnowledgeLike-for-likePublic boards, shown as published, kept out of the index22
Knowledge benchmarks for DeepSeek V4 Flash 0423 and Step 5 Preview
BenchmarkDeepSeek V4 Flash 0423Step 5 PreviewLeader
LMArena Text: science14461454Step 5 Preview
LMArena Text: medicine and healthcare14481439DeepSeek V4 Flash 0423
LMArena Text: legal and government14391437DeepSeek V4 Flash 0423
LMArena Text: business and finance14251435Step 5 Preview
Neither model has a result on the other 13 boards here
Web designDirectional onlyPublic boards, shown as published, kept out of the index9 boards, none shared
Web design benchmarks for DeepSeek V4 Flash 0423 and Step 5 Preview
BenchmarkDeepSeek V4 Flash 0423Step 5 PreviewLeader
Design Arena: websites1208Not measuredOnly DeepSeek V4 Flash 0423 measured
Design Arena: UI components1164Not measuredOnly DeepSeek V4 Flash 0423 measured
Design Arena: game dev1197Not measuredOnly DeepSeek V4 Flash 0423 measured
Design Arena: data viz1127Not measuredOnly DeepSeek V4 Flash 0423 measured
Design Arena: 3D1189Not measuredOnly DeepSeek V4 Flash 0423 measured
Design Arena: all code categories1205Not measuredOnly DeepSeek V4 Flash 0423 measured
Design Arena: SVG1155Not measuredOnly DeepSeek V4 Flash 0423 measured
Design Arena: ASCII art1109Not measuredOnly DeepSeek V4 Flash 0423 measured
LiveBench designNot measured76.9%Only Step 5 Preview measured
GeneralLike-for-likePublic boards, shown as published, kept out of the index311
General benchmarks for DeepSeek V4 Flash 0423 and Step 5 Preview
BenchmarkDeepSeek V4 Flash 0423Step 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
Long context reasoning (AA-LCR)Not measured88.3%Only Step 5 Preview measured
DTBench86.4%Not measuredOnly DeepSeek V4 Flash 0423 measured
LMCA35.9%Not measuredOnly DeepSeek V4 Flash 0423 measured
LMArena Text14321440Step 5 Preview
LMArena Text: instruction following14211438Step 5 Preview
LMArena Text: creative writing14031409Step 5 Preview
LMArena VisionNot measured1265Only Step 5 Preview measured
LMArena Text: English14411447Step 5 Preview
LMArena Text: non-English14191428Step 5 Preview
LMArena Text: Chinese14631500Step 5 Preview
LMArena Text: German1419Not measuredOnly DeepSeek V4 Flash 0423 measured
LMArena Text: Japanese13891383DeepSeek V4 Flash 0423
LMArena Text: Korean1383Not measuredOnly DeepSeek V4 Flash 0423 measured
LMArena Text: French14391438DeepSeek V4 Flash 0423
LMArena Text: Spanish14361441Step 5 Preview
LMArena Text: Russian14271433Step 5 Preview
LMArena Text: Polish1436Not measuredOnly DeepSeek V4 Flash 0423 measured
LMArena Text: multi-turn14491437DeepSeek V4 Flash 0423
LMArena Text: longer queries14341449Step 5 Preview
LMArena Text: writing and language14101425Step 5 Preview
LMArena Text: entertainment and media14001412Step 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 21 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for DeepSeek V4 Flash 0423 and Step 5 Preview
BenchmarkDeepSeek V4 Flash 0423Step 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 V4 Flash 0423$0.0002Fits in one request
Step 5 Preview$0.0024Fits in one request

DeepSeek V4 Flash 0423 costs less

Repository review

50K input + 3K output tokens

DeepSeek V4 Flash 0423$0.0051Fits in one request
Step 5 Preview$0.058Fits in one request

DeepSeek V4 Flash 0423 costs less

Agent loop

200K input + 10K output tokens

DeepSeek V4 Flash 0423$0.020Fits in one request
Step 5 Preview$0.227Fits in one request

DeepSeek V4 Flash 0423 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 V4 Flash 0423 and Step 5 Preview
SpecificationDeepSeek V4 Flash 0423StepFun Step 5 Preview
MakerDeepSeekStepFun
WeightsOpen weightsOpen weights
ReleasedApril 24, 2026October 8, 2026
Context window1.05M1.05M
Input $/Mtok$0.091$1.00
Output $/Mtok$0.182$2.70
Coding index54.671.4
Independent measurements behind it12
Cost per solved taskNot computableNot computable
SourceOpenRouter listingOpenRouter listing

Questions

Is DeepSeek V4 Flash 0423 better than Step 5 Preview for coding?

Pick Step 5 Preview for coding: it scores 71.4 on the Vibe Coding Index against 54.6 for DeepSeek V4 Flash 0423. Pick DeepSeek V4 Flash 0423 when output tokens cost 14.8x less, or when what matters is LMArena WebDev or LMArena WebDev: React, where it leads.

Which is cheaper, DeepSeek V4 Flash 0423 or Step 5 Preview?

DeepSeek V4 Flash 0423 costs $0.091 per million input tokens and $0.182 per million output tokens; Step 5 Preview costs $1.00 and $2.70. Cost per solved task is known for neither of them.

Which has the bigger context window, DeepSeek V4 Flash 0423 or Step 5 Preview?

Neither: both take 1.05M tokens.

How many benchmarks is the DeepSeek V4 Flash 0423 vs Step 5 Preview comparison based on?

29 benchmarks have a result for both models as of October 21, 2026. DeepSeek V4 Flash 0423's coding index rests on 1 independent benchmark and Step 5 Preview's on 2. Where only one model has a result, the page says so instead of naming a winner.

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