Kimi K2.5 vs GPT-5.2
Moonshot AIOpenAIboth via one key, provider price + 3%
Kimi K2.5 (Moonshot AI, released 2026-01-27) and GPT-5.2 (OpenAI, released 2025-12-10) both target agentic coding and long-context work, but they land in different weight classes on price. GPT-5.2 has the larger context window and adds file input; Kimi K2.5 sweeps the Design Arena benchmark categories that both models share, at a fraction of the cost. Both run on OpenKey with one key and a flat 3% fee over provider list price.
Spec vs spec
| Spec | Kimi K2.5 | GPT-5.2 |
|---|---|---|
| Context window | 262K | 400K |
| Max output | — | 128K |
| Input modalities | text, image | file, image, text |
| Output modalities | text | text |
| Released | Jan 27, 2026 | Dec 10, 2025 |
| Reasoning | optional | optional |
Pricing
Per 1M tokens. Provider price plus the flat 3% fee — the sum is what you pay.
moonshotai/kimi-k2.5
Input · 1M tokens
$0.375 + 3%$0.386
Output · 1M tokens
$2.02 + 3%$2.09
FEE — FLAT, EVERY MODEL3%
openai/gpt-5.2
Input · 1M tokens
$1.75 + 3%$1.80
Output · 1M tokens
$14.00 + 3%$14.42
Cache read · 1M tokens
$0.175 + 3%$0.180
FEE — FLAT, EVERY MODEL3%
One workload, priced on both
10M input + 2M output tokens at each model's price, flat 3% fee included.
moonshotai/kimi-k2.5Cheaper
$8.03
$7.80 provider + 3%
openai/gpt-5.2
$46.87
$45.50 provider + 3%
Benchmarks
Design Arena categories where both models have results. Higher Elo and lower rank win.
| Kimi K2.5 | GPT-5.2 | |||
|---|---|---|---|---|
| Category | Elo | Rank | Elo | Rank |
| 3D | 1286 | #22 | 1156 | #60 |
| androidnative | 1132 | #17 | 1074 | #22 |
| ASCII art | 1214 | #17 | 1199 | #22 |
| Code | 1286 | #20 | 1219 | #42 |
| Data viz | 1270 | #21 | 1245 | #31 |
| Full-stack | 1182 | #14 | 1110 | #21 |
| Game dev | 1272 | #23 | 1260 | #29 |
| godotgamedev | 1254 | #2 | 1183 | #13 |
| Mobile apps | 1186 | #20 | 1173 | #23 |
| SVG | 1210 | #25 | 1197 | #31 |
| UI components | 1290 | #19 | 1243 | #32 |
| Web apps | 1194 | #15 | 1156 | #19 |
| Websites | 1291 | #16 | 1237 | #34 |
Head-to-head preference voting. How we filter and rank
Design Arena results: Kimi sweeps
Across the 13 Design Arena categories where both models have scores, Kimi K2.5 outranks GPT-5.2 in every single one — agents and models arenas both. In godotgamedev, Kimi ranks #2 (elo 1254) against GPT-5.2's #13 (elo 1183). In fullstack agents, Kimi is #14 (elo 1182, 54.2% win rate) versus GPT-5.2's #21 (elo 1110, 44% win rate). Even in categories where GPT-5.2 posts respectable numbers, like website (elo 1237, rank #34) and dataviz (elo 1245, rank #31), Kimi still leads: website elo 1291 at rank #16, dataviz elo 1270 at rank #21. There's no category in this data where GPT-5.2 comes out ahead.
Pricing: a 10M-in/2M-out workload
Provider pricing: Kimi K2.5 runs $0.375/M input and $2.025/M output; GPT-5.2 runs $1.75/M input and $14.00/M output. On OpenKey, that's provider price × 1.03: Kimi at $0.38625/M input and $2.08575/M output, GPT-5.2 at $1.8025/M input and $14.42/M output. For a 10M-input / 2M-output workload, Kimi K2.5 costs $7.80 total versus GPT-5.2's $45.50 — nearly 6x more. The input price ratio alone is 0.21, meaning GPT-5.2's input tokens cost roughly 4.7x Kimi's. GPT-5.2 does offer cache-read pricing at $0.175/M, which Kimi doesn't list, so repeated-context workloads narrow the gap somewhat.
Context and modality
GPT-5.2 supports a 400,000-token context window with a 128,000-token max completion, plus text, image, and file inputs. Kimi K2.5 caps at 262,144 tokens (a context ratio of 0.66 relative to GPT-5.2) with text and image input only, no file modality, and no published max completion cap. If your workload involves ingesting large PDFs or multi-file document sets, GPT-5.2's file input and larger window matter more than the benchmark gap. For codebases or chat sessions under 262K tokens, the context difference won't bite.
Reasoning controls
GPT-5.2 exposes explicit reasoning effort levels — xhigh, high, medium, low, none — defaulting to medium, giving you a dial to trade latency for depth. Kimi K2.5's reasoning is not mandatory but is enabled by default, without the granular effort tiers GPT-5.2 offers. If you need to throttle reasoning cost per request programmatically, GPT-5.2's parameter surface (`reasoning`, `include_reasoning`) gives finer control, though Kimi supports a wider set of sampling parameters overall, including `top_k`, `min_p`, and `logprobs`, which GPT-5.2 doesn't expose.
When to pick each
Kimi K2.5 is the default choice for agentic coding, game dev tooling, web/app generation, and any high-volume pipeline where the 6x cost gap compounds fast. GPT-5.2 earns its place when you need the 400K context window, file-input handling, or fine-grained reasoning-effort control for latency-sensitive production paths. Given Kimi's clean sweep of the shared Design Arena categories at a sixth of the cost, GPT-5.2's case rests almost entirely on context size and modality, not raw benchmark performance.
Which model for which job
| Use case | Pick | Why |
|---|---|---|
| Coding agents (fullstack, mobile, web) | Kimi K2.5 | Leads GPT-5.2 in every agents-arena category, e.g. fullstack rank #14 vs #21 |
| Game dev tooling (Godot) | Kimi K2.5 | Rank #2, elo 1254, versus GPT-5.2's rank #13, elo 1183 |
| High-volume, cost-sensitive pipelines | Kimi K2.5 | 10M-in/2M-out workload costs $7.80 vs GPT-5.2's $45.50 |
| Documents beyond 262K tokens or file uploads | GPT-5.2 | 400K context and native file input modality; Kimi caps at 262,144 tokens, text+image only |
| Tunable reasoning depth per request | GPT-5.2 | Exposes five effort tiers (xhigh to none) vs Kimi's default-on reasoning without effort tiers |
| Data visualization or UI component generation | Kimi K2.5 | Dataviz elo 1270 (rank #21) and uicomponent elo 1290 (rank #19), both ahead of GPT-5.2 |
Questions
- Is Kimi K2.5 cheaper than GPT-5.2 on OpenKey?
- Yes, by a wide margin. OpenKey pricing (provider price x 1.03) puts Kimi K2.5 at $0.38625/M input and $2.08575/M output, versus GPT-5.2 at $1.8025/M input and $14.42/M output. A 10M-input/2M-output workload runs $7.80 on Kimi versus $45.50 on GPT-5.2.
- Does Kimi K2.5 actually beat GPT-5.2 on benchmarks?
- In this dataset, yes, across all 13 Design Arena categories both models share. Examples: godotgamedev rank #2 (elo 1254) vs GPT-5.2's #13 (elo 1183), and website rank #16 (elo 1291) vs GPT-5.2's #34 (elo 1237).
- Which model has the bigger context window?
- GPT-5.2, at 400,000 tokens versus Kimi K2.5's 262,144 tokens — a context ratio of 0.66. GPT-5.2 also supports a 128,000-token max completion and accepts file inputs, which Kimi K2.5 does not.
- Can I use both models through one API key?
- Yes. Both Kimi K2.5 and GPT-5.2 are available on OpenKey with a single API key across OpenKey's full catalog, and pricing is provider list price plus a flat 3% fee on both models.