DeepSeek's New V4 Flash API Pricing Now Exceeds OpenAI's Budget-Tier Luna Model

DeepSeek's new V4 Flash peak pricing of $1.32 per 1 million output tokens now exceeds OpenAI's budget-tier GPT-5.6 Luna at $1.20 — a reversal from DeepSeek's promotional pricing era, when it dramatically undercut all competitors. The peak/off-peak API rates take effect August 16–17, 2026. V4 Pro peak pricing rises from $0.87 to $3.96 per 1 million tokens.