DeepSeek is increasing its API token prices between 50%-1,100%.

They're switching to a dynamic peak and off-peak billing model. Peak hours are designated as 01:00–04:00 UTC and 06:00–10:00 UTC, during which rates are exactly double the new off-peak prices. Pricing updates take effect at 16:00 UTC on August 16, 2026.

Here's a breakdown per 1 million tokens:

DeepSeek Model & Token Type Old Price New Off-Peak Price New Peak Price Max%

V4-Flash Output $0.2800 $0.6600 $1.3200 +371%

V4-Flash Input (Cache Miss) $0.1400 $0.2200 $0.4400 +214%

V4-Flash Input (Cache Hit) $0.0028 $0.0070 $0.0140 +400%

V4-Pro Output $0.8700 $1.9800 $3.9600 +355%

V4-Pro Input (Cache Miss) $0.4350 $0.6600 $1.3200 +203%

V4-Pro Input (Cache Hit) $0.0036 $0.0220 $0.0440 +1114%