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
Practical Usage
Recommended Scenarios
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:Best Practices
- Skip sampling parameters:
temperatureand 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_tokensdefaults 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)
Summary & Recommendations
Kimi K3 raises the ceiling for open-source models:- 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
- 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
- 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
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).