Which is cheaper, Kimi K2 Thinking or Qwen3.5 122B-A10B?

Qwen3.5 122B-A10B, at $1.26 per million tokens against $3.41 for Kimi K2 Thinking, three parts input to one part output, read on 16 Sept 2026.

Where is each one cheapest?

Kimi K2 Thinking: $3.41 at Vercel AI Gateway. Qwen3.5 122B-A10B: $1.26 at OrcaRouter.

Can I buy both from one provider?

Yes. 8 providers sell both: Merge Gateway, TrustedRouter, Kilo Gateway, Nous Portal, OpenRouter, Hugging Face Inference Providers, and more. The cheapest of them for the two together is Merge Gateway.

Which holds more context?

Both hold 262k tokens in one call.

Kimi K2 Thinking vs Qwen3.5 122B-A10B.

model vs model · prices as of 16 Sept 2026

Kimi K2 Thinking and Qwen3.5 122B-A10B split the 5 rounds this table counts: the two list price rows, the cheapest price we can explain, the standard price and context. The weighting you pick decides the rest.

Moonshot AI

Kimi K2 Thinking

$3.41/M tokens

cheapest we can explain, at Vercel AI Gateway · $0.402 per 1,000 pages

262k context · tool calling · open weights

Vercel AI Gateway ↗

Alibaba Cloud

Qwen3.5 122B-A10B

$1.26/M tokens

cheapest we can explain, at OrcaRouter · $0.124 per 1,000 pages

262k context · tool calling · reads images · open weights

List price in (lower wins)

$0.60/M

$0.40/M

List price out (lower wins)

$2.50/M

$3.20/M

Cheapest we can explain (lower wins)

$3.41/M at Vercel AI Gateway

$1.26/M at OrcaRouter

Standard price (lower wins)

$4.30/M

$4.40/M

Cost per 1,000 pages (lower wins)

$0.402

$0.124

Context

262k tokens

Open weights

yes

Tool calling

yes

Structured output

yes

Reads images

yes

Reasoning

yes

Released

6 Nov 2025

23 Feb 2026

Providers selling it

Price we measure against

the maker's own

Trains on your prompts (no is better)

not stated

Providers selling both · 8

Merge Gateway$4.30 / $1.26
TrustedRouter$3.17 / $2.89
Kilo Gateway$4.30 / $2.86
Nous Portal$4.30 / $2.86
OpenRouter$4.30 / $2.86
Hugging Face Inference Providers$4.30 / $4.40
Novita$4.30 / $4.40
NanoGPT$4.30 / $4.81

Kimi K2 Thinking then Qwen3.5 122B-A10B, per million tokens

Go further

open in the compare tool →every price for Kimi K2 Thinking every price for Qwen3.5 122B-A10B

Add a third or fourth model, or switch the weighting, in the tool.

What moved in the last seven days

Kimi K2 ThinkingNous Portal$0.48 / $2 $0.60 / $2.5025% dearer · 16 Sept 2026
Qwen3.5 122B-A10BNous Portal$0.21 / $1.66 $0.26 / $2.0825% dearer · 16 Sept 2026

Frequently asked

Which is cheaper, Kimi K2 Thinking or Qwen3.5 122B-A10B?: Qwen3.5 122B-A10B, at $1.26 per million tokens against $3.41 for Kimi K2 Thinking, three parts input to one part output, read on 16 Sept 2026.
Where is each one cheapest?: Kimi K2 Thinking: $3.41 at Vercel AI Gateway. Qwen3.5 122B-A10B: $1.26 at OrcaRouter.
Can I buy both from one provider?: Yes. 8 providers sell both: Merge Gateway, TrustedRouter, Kilo Gateway, Nous Portal, OpenRouter, Hugging Face Inference Providers, and more. The cheapest of them for the two together is Merge Gateway.
Which holds more context?: Both hold 262k tokens in one call.

Prices exclude tax and are per million tokens, read 16 Sept 2026 from each provider's own catalog. The standard price blends three parts input to one part output; a page is 600 tokens in and 60 out. Bars are scaled to the larger value in each row.