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Kimi K2 Instruct vs Step 5 Preview

Kimi K2 Instruct is cheaper on output tokens, while Step 5 Preview offers a larger context window. Choose Kimi K2 Instruct or Step 5 Preview based on the trade-off between cost, context, and the benchmarks that matter for your use case.

SpecKimi K2 InstructStep 5 Preview
ProviderCortecsStepFun
Input / 1M tokens$0.55$1.00
Output / 1M tokens$2.65$2.70
Context window131K1M
Parameters——
Open weightsYes—
ReleasedJul 2025—
SWE-bench Verified score53.4—
LMArena (Chatbot Arena) Elo score—1440
LMArena WebDev Elo score—1564
LMArena Vision Elo score—1267

FAQ

Is Kimi K2 Instruct or Step 5 Preview cheaper?

Kimi K2 Instruct is cheaper on output tokens ($2.65 vs $2.70 per 1M).

Which has the larger context window, Kimi K2 Instruct or Step 5 Preview?

Step 5 Preview has the larger context window (1M tokens).

Pricing is indicative — confirm with the provider before production use. Highlighted values indicate the better figure for that row.