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Kimi K2 Thinking vs Llama 3.2 3B Instruct

Kimi K2 Thinking leads Llama 3.2 3B Instruct on the Artificial Analysis Intelligence Index, 22.0 to 5.7, and Llama 3.2 3B Instruct costs 7.5x less per output token ($0.3325 vs $2.50 per million). Updated October 21, 2026; 10 benchmarks have a result for both.

Kimi K2 ThinkingMoonshot AI
Coding
No data
Overall
No data
Output $/M
$2.50
10
Llama 3.2 3B InstructMeta Llama
Coding
No data
Overall
No data
Output $/M
$0.3325
0
vs boards won of 10 shared

Kimi K2 Thinking or Llama 3.2 3B Instruct: which to pick

Neither model has a coding score yet, so the two cannot be ranked on coding.

Pick Kimi K2 Thinking for a larger context window (262K against 131K tokens).

Shared results
10
Kimi K2 Thinking only
20
Llama 3.2 3B Instruct only
25
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
Kimi K2 Thinking not benchmarked, Llama 3.2 3B Instruct not benchmarked.
Widest category
Math, 91.4 points apart on average over 2 shared benchmarks.
Widest single gap
AA Math Index: Kimi K2 Thinking 94.7 against Llama 3.2 3B Instruct 3.3, 91.4 points apart on a 0 to 100 scale.
Output price
Kimi K2 Thinking $2.50 against Llama 3.2 3B Instruct $0.3325 per million output tokens, 7.5x apart.
Context window
Kimi K2 Thinking takes 262K tokens, Llama 3.2 3B Instruct 131K.

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
CategoryKimi K2 ThinkingBarsLlama 3.2 3B InstructTies
Coding10
Intelligence10
Agentic work10
Reasoning20
Math20
Knowledge10
General20
All shared boards100
CodingLike-for-likeSix of these boards feed the Vibe Coding Index10
Coding benchmarks for Kimi K2 Thinking and Llama 3.2 3B Instruct
BenchmarkKimi K2 ThinkingLlama 3.2 3B InstructLeader
SWE-bench Verified63.4%Not measuredOnly Kimi K2 Thinking measured
LiveCodeBench (Vals AI)63.1%Not measuredOnly Kimi K2 Thinking measured
SWE-bench Verified (Vals AI)60.2%Not measuredOnly Kimi K2 Thinking measured
LiveCodeBench (Artificial Analysis run)85.3%8.3%Kimi K2 Thinking
Terminal-Bench Hard (Artificial Analysis run)31.1%Not measuredOnly Kimi K2 Thinking measured
Terminal-Bench35.7%Not measuredOnly Kimi K2 Thinking measured
WeirdML42.8%Not measuredOnly Kimi K2 Thinking measured
ALE-Bench597.5Not measuredOnly Kimi K2 Thinking measured
LMArena Text: codingNot measured1098Only Llama 3.2 3B Instruct measured
LMArena Text: software and ITNot measured1103Only Llama 3.2 3B Instruct measured
Neither model has a result on the other 29 boards here
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index10
Intelligence benchmarks for Kimi K2 Thinking and Llama 3.2 3B Instruct
BenchmarkKimi K2 ThinkingLlama 3.2 3B InstructLeader
AA Intelligence Index22.05.7Kimi K2 Thinking
Epoch Capabilities Index145.8Not measuredOnly Kimi K2 Thinking measured
Agentic workLike-for-likePublic boards, shown as published, kept out of the index10
Agentic work benchmarks for Kimi K2 Thinking and Llama 3.2 3B Instruct
BenchmarkKimi K2 ThinkingLlama 3.2 3B InstructLeader
τ²-Bench Telecom93.0%21.1%Kimi K2 Thinking
METR time horizons59.2%Not measuredOnly Kimi K2 Thinking measured
BALROGNot measured10.1%Only Llama 3.2 3B Instruct measured
Berkeley Function Calling Leaderboard (BFCL)Not measured21.9%Only Llama 3.2 3B Instruct measured
Neither model has a result on the other 37 boards here
ReasoningLike-for-likePublic boards, shown as published, kept out of the index20
Reasoning benchmarks for Kimi K2 Thinking and Llama 3.2 3B Instruct
BenchmarkKimi K2 ThinkingLlama 3.2 3B InstructLeader
GPQA Diamond78.5%Not measuredOnly Kimi K2 Thinking measured
GPQA Diamond (Artificial Analysis run)83.8%25.5%Kimi K2 Thinking
Humanity's Last Exam (Artificial Analysis run)23.8%5.3%Kimi K2 Thinking
LMArena Text: hard promptsNot measured1095Only Llama 3.2 3B Instruct measured
LMArena Text: expertNot measured1090Only Llama 3.2 3B Instruct measured
LMArena Text: hard prompts in EnglishNot measured1141Only Llama 3.2 3B Instruct measured
Neither model has a result on the other 16 boards here
MathLike-for-likePublic boards, shown as published, kept out of the index20
Math benchmarks for Kimi K2 Thinking and Llama 3.2 3B Instruct
BenchmarkKimi K2 ThinkingLlama 3.2 3B InstructLeader
AIME85.4%Not measuredOnly Kimi K2 Thinking measured
MGSM (Vals AI)90.2%Not measuredOnly Kimi K2 Thinking measured
AA Math Index94.73.3Kimi K2 Thinking
AIME 2025 (Artificial Analysis run)94.7%3.3%Kimi K2 Thinking
LMArena Text: mathNot measured1126Only Llama 3.2 3B Instruct measured
LMArena Text: mathematical workNot measured1128Only Llama 3.2 3B Instruct measured
Neither model has a result on the other 7 boards here
KnowledgeLike-for-likePublic boards, shown as published, kept out of the index10
Knowledge benchmarks for Kimi K2 Thinking and Llama 3.2 3B Instruct
BenchmarkKimi K2 ThinkingLlama 3.2 3B InstructLeader
MMLU Pro81.1%Not measuredOnly Kimi K2 Thinking measured
LegalBench (Vals AI)80.2%Not measuredOnly Kimi K2 Thinking measured
CaseLaw (Vals AI)65.7%Not measuredOnly Kimi K2 Thinking measured
CorpFin (Vals AI)60.6%Not measuredOnly Kimi K2 Thinking measured
TaxEval (Vals AI)71.7%Not measuredOnly Kimi K2 Thinking measured
MedQA (Vals AI)92.6%Not measuredOnly Kimi K2 Thinking measured
MMLU Pro (Artificial Analysis run)84.8%34.7%Kimi K2 Thinking
LMArena Text: scienceNot measured1106Only Llama 3.2 3B Instruct measured
LMArena Text: medicine and healthcareNot measured1104Only Llama 3.2 3B Instruct measured
LMArena Text: legal and governmentNot measured1115Only Llama 3.2 3B Instruct measured
LMArena Text: business and financeNot measured1074Only Llama 3.2 3B Instruct measured
Neither model has a result on the other 7 boards here
Web designDirectional onlyPublic boards, shown as published, kept out of the index1 board, none shared
Web design benchmarks for Kimi K2 Thinking and Llama 3.2 3B Instruct
BenchmarkKimi K2 ThinkingLlama 3.2 3B InstructLeader
Design Arena: websites1113Not measuredOnly 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 Kimi K2 Thinking and Llama 3.2 3B Instruct
BenchmarkKimi K2 ThinkingLlama 3.2 3B InstructLeader
IFBench68.1%26.2%Kimi K2 Thinking
Long context reasoning (AA-LCR)72.0%4.3%Kimi K2 Thinking
CL-bench17.6%Not measuredOnly Kimi K2 Thinking measured
LMArena TextNot measured1110Only Llama 3.2 3B Instruct measured
LMArena Text: instruction followingNot measured1089Only Llama 3.2 3B Instruct measured
LMArena Text: creative writingNot measured1094Only Llama 3.2 3B Instruct measured
LMArena Text: EnglishNot measured1180Only Llama 3.2 3B Instruct measured
LMArena Text: non-EnglishNot measured1019Only Llama 3.2 3B Instruct measured
LMArena Text: ChineseNot measured1017Only Llama 3.2 3B Instruct measured
LMArena Text: GermanNot measured1056Only Llama 3.2 3B Instruct measured
LMArena Text: RussianNot measured949Only Llama 3.2 3B Instruct measured
LMArena Text: multi-turnNot measured1105Only Llama 3.2 3B Instruct measured
LMArena Text: longer queriesNot measured1100Only Llama 3.2 3B Instruct measured
LMArena Text: writing and languageNot measured1096Only Llama 3.2 3B Instruct measured
LMArena Text: entertainment and mediaNot measured1083Only Llama 3.2 3B Instruct measured
Neither model has a result on the other 31 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for Kimi K2 Thinking and Llama 3.2 3B Instruct
BenchmarkKimi K2 ThinkingLlama 3.2 3B InstructLeader
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

Kimi K2 Thinking$0.0019Fits in one request
Llama 3.2 3B Instruct$0.0002Fits in one request

Llama 3.2 3B Instruct costs less

Repository review

50K input + 3K output tokens

Kimi K2 Thinking$0.037Fits in one request
Llama 3.2 3B Instruct$0.0035Fits in one request

Llama 3.2 3B Instruct costs less

Agent loop

200K input + 10K output tokens

Kimi K2 Thinking$0.145Fits in one request
Llama 3.2 3B Instruct$0.013Exceeds the context window

Llama 3.2 3B Instruct 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 Kimi K2 Thinking and Llama 3.2 3B Instruct
SpecificationMoonshotAI Kimi K2 ThinkingMeta Llama 3.2 3B Instruct
MakerMoonshot AIMeta Llama
WeightsOpen weightsOpen weights
ReleasedNovember 6, 2025September 25, 2024
Context window262K131K
Input $/Mtok$0.60$0.0505
Output $/Mtok$2.50$0.3325
Coding indexNot benchmarkedNot benchmarked
Independent measurements behind it10
Cost per solved task$0.61Not computable
SourceOpenRouter listingOpenRouter listing

Questions

Is Kimi K2 Thinking better than Llama 3.2 3B Instruct for coding?

Neither model has a coding score yet, so the two cannot be ranked on coding. Pick Kimi K2 Thinking for a larger context window (262K against 131K tokens).

Which is cheaper, Kimi K2 Thinking or Llama 3.2 3B Instruct?

Kimi K2 Thinking costs $0.60 per million input tokens and $2.50 per million output tokens; Llama 3.2 3B Instruct costs $0.0505 and $0.3325. Cost per solved task is known for Kimi K2 Thinking only.

Which has the bigger context window, Kimi K2 Thinking or Llama 3.2 3B Instruct?

Kimi K2 Thinking, with 262K tokens against 131K.

How many benchmarks is the Kimi K2 Thinking vs Llama 3.2 3B Instruct comparison based on?

10 benchmarks have a result for both models as of October 21, 2026. Kimi K2 Thinking's coding index rests on 1 independent benchmark and Llama 3.2 3B Instruct's on 0. Where only one model has a result, the page says so instead of naming a winner.

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