Skip to main content

Key Takeaways

  • Largest open-source model ever: 2.8 trillion total parameters (MoE), the first open model in the 3-trillion-parameter class; full weights promised by July 27, 2026 (UTC+8)
  • Kimi Delta Attention + 1M context: an exact 1,048,576-token window with flat pricing across the whole range — no context-tier markups
  • #1 on Frontend Code Arena: jumped from Kimi K2.6’s #18 to first place on LMArena’s frontend leaderboard, winning 6 of 7 frontend domains
  • Strong reasoning/agent scores: GPQA Diamond 93.5%, Terminal-Bench 2.1 88.3%, BrowseComp 91.2%, Humanity’s Last Exam (with tools) 56.0%
  • Native multimodal + always-on thinking: native image/video input; reasoning runs at max effort by default (reasoning_effort="max")
  • Same price on APIYI: listed at $3.00/$15.00 per 1M tokens (input/output), identical to Moonshot’s official pricing, with cache-hit input as low as $0.30

Background

On July 16, 2026 (UTC+8), Moonshot AI officially released its next-generation flagship model Kimi K3. Following the open-source success of the Kimi K2 series, K3’s 2.8-trillion-parameter MoE architecture makes it the largest open-source model ever released, with multiple outlets describing it as directly competitive with top closed-source systems. K3 introduces the new Kimi Delta Attention mechanism, delivering an exact 1,048,576-token context window with flat pricing across the entire range — unlike vendors that charge higher tiers beyond a certain context length. The API went live on launch day, and Moonshot has committed to releasing the full open weights by July 27 (UTC+8).
Sources: Moonshot official docs platform.kimi.ai/docs/guide/kimi-k3-quickstart, official pricing page platform.kimi.ai/docs/pricing/chat-k3, plus VentureBeat / Tom’s Hardware / Axios / MarkTechPost coverage. Data retrieved July 18, 2026 (UTC+8).

Deep Dive

Core Features

Open-Source Record

2.8T total parameters (MoE), the largest open model ever; full weights due by July 27, 2026 (UTC+8) for self-hosting and fine-tuning.

1M Flat-Priced Context

Kimi Delta Attention powers a 1,048,576-token window with no pricing tiers — long-document costs stay predictable.

#1 Frontend Coding

First place on LMArena Frontend Code Arena (up from K2.6’s #18), winning 6 of 7 frontend domains.

Native Multimodal + Max Thinking

Native image/video input; thinking is always on at max effort (reasoning_effort=max) out of the box.

Benchmark Highlights

Key launch-day benchmarks (July 16, 2026): Long-context management is another highlight: Moonshot reports 91.2% on long-horizon tasks with context compaction triggered at 300K tokens, and 90.4% even with no context management across the full 1M window — meaning long-running agent tasks depend far less on context engineering.

Technical Specs

Fixed sampling parameters: Moonshot fixes temperature=1.0, top_p=0.95, presence_penalty=0, and frequency_penalty=0. Do not pass these in your requests — custom values may error out or be ignored.

Practical Usage

Frontend / Full-Stack Dev

#1 on Frontend Code Arena — UI generation, component refactoring, and frontend debugging are top-tier.

Long-Horizon Agent Workflows

Terminal-Bench 2.1 88.3% + MCP Atlas 84.2%, with a 1M window that avoids chunking altogether.

Deep Research / Retrieval

BrowseComp 91.2% — autonomous browsing, cross-verification, and research-report writing.

Multimodal Understanding

Native image and video input: screenshot-to-code and video analysis work directly.

Code Example

Kimi K3 is fully OpenAI-compatible — call it through the APIYI gateway:
Image input (native vision):

Best Practices

  • Skip sampling parameters: temperature and friends are fixed by Moonshot — omit them from requests
  • Budget for output tokens: thinking always runs at max effort, so output usage is higher than typical models; max_completion_tokens defaults to 131,072 and can be raised as needed
  • Leverage caching: Kimi K3 caches context automatically; cache-hit input bills at $0.30/1M (1/10 of the miss price), a big win for multi-turn chats and repeated prefixes
  • Feed long material directly: with flat pricing up to 1M tokens, whole codebases and long documents can go in without tier-crossing cost surprises

Pricing & Availability

Pricing

APIYI’s listed price is identical to Moonshot’s official pricing: The whole context range (up to 1M tokens) bills at the flat rates above — no tier markups.

Stack Recharge Bonuses

APIYI runs an always-on recharge bonus program, with bonus credit added straight to your balance:
  • Recharge $100, get 10% bonus → an easy ~9% effective discount
  • Larger tiers reach up to ~17% off (tier-dependent; see the recharge promotions FAQ)
The discount comes as bonus credit, separate from the listed per-token price. For large enterprise purchases, contact support via WeChat.

Summary & Recommendations

Kimi K3 raises the ceiling for open-source models:
  1. The open-source flagship answer: 2.8T parameters with weights landing a week later — “open catching up to closed” has never had this much weight behind it
  2. Frontend and agents are the headline strengths: #1 on Frontend Code Arena and 88.3% on Terminal-Bench 2.1 make it a first pick for frontend work and long-horizon agents
  3. Friendly price structure: $3/$15 is a value tier for a 1M-context model, and 1/10-price cache hits plus flat context pricing keep long-context costs under control
Model selection: go straight to Kimi K3 for frontend development, agent workflows, and deep research. For lightweight pure-chat traffic, its $15/1M output price is on the high side — route that to a cheaper lightweight model.
Sources: Moonshot official docs and pricing pages (platform.kimi.ai), VentureBeat, Tom’s Hardware, Axios, MarkTechPost, People’s Daily Online. Data retrieved July 18, 2026 (UTC+8).