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GPT-5.4 Mini vs Kimi K2 Thinking

GPT-5.4 Mini leads Kimi K2 Thinking on the Artificial Analysis Intelligence Index, 24.1 to 22.0, and Kimi K2 Thinking costs 1.8x less per output token ($2.50 vs $4.50 per million). Updated October 22, 2026; 18 benchmarks have a result for both.

GPT-5.4 MiniOpenAI
Coding
35.8
Overall
44.0
Output $/M
$4.50
15
Kimi K2 ThinkingMoonshot AI
Coding
No data
Overall
No data
Output $/M
$2.50
3
vs boards won of 18 shared

GPT-5.4 Mini or Kimi K2 Thinking: which to pick

Only GPT-5.4 Mini has a coding score, 35.8 on the Vibe Coding Index; Kimi K2 Thinking has none, so the two cannot be ranked on coding.

Pick Kimi K2 Thinking for output tokens 1.8x cheaper ($2.50 vs $4.50 per million) and a lower cost per solved task ($0.61 against $0.70).

Shared results
18
GPT-5.4 Mini only
71
Kimi K2 Thinking only
12
Like-for-like categories
7 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
GPT-5.4 Mini 35.8 from 5 benchmarks, Kimi K2 Thinking not benchmarked.
Widest category
Coding, 17.9 points apart on average over 5 shared benchmarks.
Widest single gap
Terminal-Bench Hard (Artificial Analysis run): GPT-5.4 Mini 52.3% against Kimi K2 Thinking 31.1%, 21.2 points apart on a 0 to 100 scale.
Output price
GPT-5.4 Mini $4.50 against Kimi K2 Thinking $2.50 per million output tokens, 1.8x apart.
Context window
GPT-5.4 Mini takes 400K tokens, Kimi K2 Thinking 262K.

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
CategoryGPT-5.4 MiniBarsKimi K2 ThinkingTies
Coding50
Intelligence20
Agentic work01
Reasoning30
Math10
Knowledge22
General20
All shared boards153
CodingLike-for-likeSix of these boards feed the Vibe Coding Index50
Coding benchmarks for GPT-5.4 Mini and Kimi K2 Thinking
BenchmarkGPT-5.4 MiniKimi K2 ThinkingLeader
SWE-bench VerifiedNot measured63.4%Only Kimi K2 Thinking measured
LMArena WebDev1397Not measuredOnly GPT-5.4 Mini measured
AA Coding Index56.1Not measuredOnly GPT-5.4 Mini measured
LiveCodeBench (Vals AI)81.5%63.1%GPT-5.4 Mini
SWE-bench Verified (Vals AI)73.0%60.2%GPT-5.4 Mini
Terminal-Bench 4 (Vals AI)2.5%Not measuredOnly GPT-5.4 Mini measured
Vibe Code Bench (Vals AI)48.0%Not measuredOnly GPT-5.4 Mini measured
Code migration (Vals AI)12.9%Not measuredOnly GPT-5.4 Mini measured
ProgramBench (Vals AI)0.0%Not measuredOnly GPT-5.4 Mini measured
Terminal-Bench 2.1 (Vals AI)54.7%Not measuredOnly GPT-5.4 Mini measured
LiveCodeBench (Artificial Analysis run)Not measured85.3%Only Kimi K2 Thinking measured
SciCode52.1%Not measuredOnly GPT-5.4 Mini measured
Terminal-Bench Hard (Artificial Analysis run)52.3%31.1%GPT-5.4 Mini
Terminal-BenchNot measured35.7%Only Kimi K2 Thinking measured
FrontierCode27.0%Not measuredOnly GPT-5.4 Mini measured
WeirdML60.3%42.8%GPT-5.4 Mini
ALE-Bench1188.6597.5GPT-5.4 Mini
LMArena Text: coding1438Not measuredOnly GPT-5.4 Mini measured
LMArena Text: software and IT1436Not measuredOnly GPT-5.4 Mini measured
LMArena WebDev: React1386Not measuredOnly GPT-5.4 Mini measured
LMArena WebDev: HTML1419Not measuredOnly GPT-5.4 Mini measured
Neither model has a result on the other 18 boards here
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index20
Intelligence benchmarks for GPT-5.4 Mini and Kimi K2 Thinking
BenchmarkGPT-5.4 MiniKimi K2 ThinkingLeader
AA Intelligence Index24.122.0GPT-5.4 Mini
Epoch Capabilities Index148.7145.8GPT-5.4 Mini
Agentic workLike-for-likePublic boards, shown as published, kept out of the index01
Agentic work benchmarks for GPT-5.4 Mini and Kimi K2 Thinking
BenchmarkGPT-5.4 MiniKimi K2 ThinkingLeader
AA Agentic Index17.9Not measuredOnly GPT-5.4 Mini measured
Finance Agent (Vals AI)45.4%Not measuredOnly GPT-5.4 Mini measured
Tax Agent Bench (Vals AI)8.8%Not measuredOnly GPT-5.4 Mini measured
Legal Research Bench (Vals AI)12.5%Not measuredOnly GPT-5.4 Mini measured
Excel Modeling Benchmark (Vals AI)45.4%Not measuredOnly GPT-5.4 Mini measured
τ²-Bench Telecom83.3%93.0%Kimi K2 Thinking
METR time horizonsNot measured59.2%Only Kimi K2 Thinking measured
DeepResearch Bench36.3%Not measuredOnly GPT-5.4 Mini measured
Neither model has a result on the other 33 boards here
ReasoningLike-for-likePublic boards, shown as published, kept out of the index30
Reasoning benchmarks for GPT-5.4 Mini and Kimi K2 Thinking
BenchmarkGPT-5.4 MiniKimi K2 ThinkingLeader
GPQA Diamond83.1%78.5%GPT-5.4 Mini
MMMU Pro (Vals AI)79.3%Not measuredOnly GPT-5.4 Mini measured
GPQA Diamond (Artificial Analysis run)87.5%83.8%GPT-5.4 Mini
Humanity's Last Exam (Artificial Analysis run)28.1%23.8%GPT-5.4 Mini
GPQA Diamond (Epoch AI run)86.9%Not measuredOnly GPT-5.4 Mini measured
ARC-AGI63.7%Not measuredOnly GPT-5.4 Mini measured
ARC-AGI-218.9%Not measuredOnly GPT-5.4 Mini measured
Chess puzzles23.0%Not measuredOnly GPT-5.4 Mini measured
Mystery game puzzles11.0%Not measuredOnly GPT-5.4 Mini measured
LMArena Text: hard prompts1424Not measuredOnly GPT-5.4 Mini measured
LMArena Text: expert1435Not measuredOnly GPT-5.4 Mini measured
LMArena Text: hard prompts in English1420Not measuredOnly GPT-5.4 Mini measured
LMArena Vision: diagrams1266Not measuredOnly GPT-5.4 Mini measured
LMArena Vision: homework1285Not measuredOnly GPT-5.4 Mini measured
Kagi LLM Benchmark37.9%Not measuredOnly GPT-5.4 Mini measured
Neither model has a result on the other 7 boards here
MathLike-for-likePublic boards, shown as published, kept out of the index10
Math benchmarks for GPT-5.4 Mini and Kimi K2 Thinking
BenchmarkGPT-5.4 MiniKimi K2 ThinkingLeader
AIME95.6%85.4%GPT-5.4 Mini
MGSM (Vals AI)Not measured90.2%Only Kimi K2 Thinking measured
AA Math IndexNot measured94.7Only Kimi K2 Thinking measured
AIME 2025 (Artificial Analysis run)Not measured94.7%Only Kimi K2 Thinking measured
OTIS Mock AIME88.9%Not measuredOnly GPT-5.4 Mini measured
FrontierMath, tiers 1 to 351.2%Not measuredOnly GPT-5.4 Mini measured
FrontierMath, tier 49.8%Not measuredOnly GPT-5.4 Mini measured
ProofBench21.0%Not measuredOnly GPT-5.4 Mini measured
LMArena Text: math1418Not measuredOnly GPT-5.4 Mini measured
LMArena Text: mathematical work1429Not measuredOnly GPT-5.4 Mini measured
Neither model has a result on the other 3 boards here
KnowledgeLike-for-likePublic boards, shown as published, kept out of the index22
Knowledge benchmarks for GPT-5.4 Mini and Kimi K2 Thinking
BenchmarkGPT-5.4 MiniKimi K2 ThinkingLeader
MMLU Pro84.5%81.1%GPT-5.4 Mini
LegalBench (Vals AI)Not measured80.2%Only Kimi K2 Thinking measured
CaseLaw (Vals AI)51.7%65.7%Kimi K2 Thinking
CorpFin (Vals AI)60.9%60.6%GPT-5.4 Mini
TaxEval (Vals AI)71.2%71.7%Kimi K2 Thinking
MortgageTax (Vals AI)63.5%Not measuredOnly GPT-5.4 Mini measured
MedQA (Vals AI)Not measured92.6%Only Kimi K2 Thinking measured
MMLU Pro (Artificial Analysis run)Not measured84.8%Only Kimi K2 Thinking measured
SimpleQA Verified29.4%Not measuredOnly GPT-5.4 Mini measured
LMArena Text: science1417Not measuredOnly GPT-5.4 Mini measured
LMArena Text: medicine and healthcare1395Not measuredOnly GPT-5.4 Mini measured
LMArena Text: legal and government1414Not measuredOnly GPT-5.4 Mini measured
LMArena Text: business and finance1418Not measuredOnly GPT-5.4 Mini measured
Neither model has a result on the other 5 boards here
Web designDirectional onlyPublic boards, shown as published, kept out of the index1 board, none shared
Web design benchmarks for GPT-5.4 Mini and Kimi K2 Thinking
BenchmarkGPT-5.4 MiniKimi K2 ThinkingLeader
Design Arena: websitesNot measured1113Only Kimi K2 Thinking measured
Neither model has a result on the other 8 boards here
GeneralLike-for-likePublic boards, shown as published, kept out of the index20
General benchmarks for GPT-5.4 Mini and Kimi K2 Thinking
BenchmarkGPT-5.4 MiniKimi K2 ThinkingLeader
SAGE (Vals AI)50.8%Not measuredOnly GPT-5.4 Mini measured
Vals Multimodal Index54.2%Not measuredOnly GPT-5.4 Mini measured
IFBench73.3%68.1%GPT-5.4 Mini
Long context reasoning (AA-LCR)77.0%72.0%GPT-5.4 Mini
DTBench80.0%Not measuredOnly GPT-5.4 Mini measured
LMCA40.8%Not measuredOnly GPT-5.4 Mini measured
CL-benchNot measured17.6%Only Kimi K2 Thinking measured
LMArena Text1412Not measuredOnly GPT-5.4 Mini measured
LMArena Text: instruction following1405Not measuredOnly GPT-5.4 Mini measured
LMArena Text: creative writing1370Not measuredOnly GPT-5.4 Mini measured
LMArena Vision1245Not measuredOnly GPT-5.4 Mini measured
LMArena Text: English1412Not measuredOnly GPT-5.4 Mini measured
LMArena Text: non-English1405Not measuredOnly GPT-5.4 Mini measured
LMArena Text: Chinese1446Not measuredOnly GPT-5.4 Mini measured
LMArena Text: German1408Not measuredOnly GPT-5.4 Mini measured
LMArena Text: Japanese1375Not measuredOnly GPT-5.4 Mini measured
LMArena Text: Korean1370Not measuredOnly GPT-5.4 Mini measured
LMArena Text: French1441Not measuredOnly GPT-5.4 Mini measured
LMArena Text: Spanish1405Not measuredOnly GPT-5.4 Mini measured
LMArena Text: Russian1417Not measuredOnly GPT-5.4 Mini measured
LMArena Text: Polish1415Not measuredOnly GPT-5.4 Mini measured
LMArena Text: multi-turn1429Not measuredOnly GPT-5.4 Mini measured
LMArena Text: longer queries1408Not measuredOnly GPT-5.4 Mini measured
LMArena Text: writing and language1393Not measuredOnly GPT-5.4 Mini measured
LMArena Text: entertainment and media1373Not measuredOnly GPT-5.4 Mini measured
LMArena Vision: English1244Not measuredOnly GPT-5.4 Mini measured
LMArena Vision: Chinese1286Not measuredOnly GPT-5.4 Mini measured
LMArena Vision: reading text1253Not measuredOnly GPT-5.4 Mini measured
LMArena Vision: humor1235Not measuredOnly GPT-5.4 Mini measured
LMArena Vision: recognizing things1218Not measuredOnly GPT-5.4 Mini measured
LMArena Vision: creative writing1222Not measuredOnly GPT-5.4 Mini measured
Neither model has a result on the other 15 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for GPT-5.4 Mini and Kimi K2 Thinking
BenchmarkGPT-5.4 MiniKimi K2 ThinkingLeader
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

GPT-5.4 Mini$0.0030Fits in one request
Kimi K2 Thinking$0.0019Fits in one request

Kimi K2 Thinking costs less

Repository review

50K input + 3K output tokens

GPT-5.4 Mini$0.051Fits in one request
Kimi K2 Thinking$0.037Fits in one request

Kimi K2 Thinking costs less

Agent loop

200K input + 10K output tokens

GPT-5.4 Mini$0.195Fits in one request
Kimi K2 Thinking$0.145Fits in one request

Kimi K2 Thinking 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 GPT-5.4 Mini and Kimi K2 Thinking
SpecificationOpenAI GPT-5.4 MiniMoonshotAI Kimi K2 Thinking
MakerOpenAIMoonshot AI
WeightsNo public weights listedOpen weights
ReleasedMarch 17, 2026November 6, 2025
Context window400K262K
Input $/Mtok$0.75$0.60
Output $/Mtok$4.50$2.50
Coding index35.8Not benchmarked
Independent measurements behind it51
Cost per solved task$0.70$0.61
SourceOpenRouter listingOpenRouter listing

Questions

Is GPT-5.4 Mini better than Kimi K2 Thinking for coding?

Only GPT-5.4 Mini has a coding score, 35.8 on the Vibe Coding Index; Kimi K2 Thinking has none, so the two cannot be ranked on coding. Pick Kimi K2 Thinking for output tokens 1.8x cheaper ($2.50 vs $4.50 per million) and a lower cost per solved task ($0.61 against $0.70).

Which is cheaper, GPT-5.4 Mini or Kimi K2 Thinking?

GPT-5.4 Mini costs $0.75 per million input tokens and $4.50 per million output tokens; Kimi K2 Thinking costs $0.60 and $2.50. Per solved SWE-bench Verified task, GPT-5.4 Mini costs $0.70 and Kimi K2 Thinking $0.61.

Which has the bigger context window, GPT-5.4 Mini or Kimi K2 Thinking?

GPT-5.4 Mini, with 400K tokens against 262K.

How many benchmarks is the GPT-5.4 Mini vs Kimi K2 Thinking comparison based on?

18 benchmarks have a result for both models as of October 22, 2026. GPT-5.4 Mini's coding index rests on 5 independent benchmarks and Kimi K2 Thinking's on 1. Where only one model has a result, the page says so instead of naming a winner.

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