MOONSHOT AI Price Today: Live Perpetual Data

Three Entities Share the 'Moonshot' Name

Three distinct products and platforms carry the name "Moonshot." The table below identifies which one matches your search so you can navigate directly to the relevant data.

MOONSHOT Token ≠ Moonshot AI Company. The MOONSHOT cryptocurrency token and the Moonshot AI company are entirely separate entities with no official affiliation. Confirm which one you need before acting on any information from this page.

MOONSHOT Perpetual Mark Price: Live Market Data

MOONSHOT trades as a perpetual futures contract on major derivatives exchanges, with live market data sourced from CoinGecko displayed in the dashboard below.

MOONSHOT Perpetual Mark Price

Key metric definitions for this dashboard:

The mark price is the exchange's calculated reference price for this perpetual contract, used to determine profit and loss and trigger liquidations. It may differ slightly from the last trade price.

The funding rate is a periodic fee charged every 8 hours on most major exchanges, paid between traders holding long and short positions. A positive rate means long position holders pay short position holders; a negative rate means the opposite applies.

Open interest is the total USD value of all outstanding MOONSHOT perpetual contracts across all exchanges. A higher figure indicates greater market participation.

The 24-hour trading volume shown above reflects the total USD value of MOONSHOT contracts traded across all exchanges in the past 24 hours, serving as a proxy for current market liquidity.

Data source: CoinGecko

The market cap figure above refers to the MOONSHOT cryptocurrency token, not the private valuation of the Moonshot AI company.

What Is Moonshot AI?

Moonshot AI (北京月之暗面科技有限公司) is a Beijing-based artificial intelligence company, founded in March 2023, that develops large language model products under the Kimi brand.

The company's founder, Yang Zhilin, brings research backgrounds from Carnegie Mellon University, Google Brain, and Tsinghua University. He serves as CEO. Headquarters are in Beijing, and the primary market is Chinese-language AI applications, though the Kimi API accepts international developer accounts.

Company Background and Funding

Kimi is the flagship product, positioned around long-context processing capability. The moonshot-v1-128k API model supports a context window of 128,000 API tokens as a standard tier. The company has demonstrated extended context modes reaching 1,000,000 API tokens in research and select deployment contexts, a figure that distinguishes Kimi from most competitors at equivalent price points.

The company has raised multiple funding rounds from investors including Alibaba and Sequoia China (HongShan, which rebranded from Sequoia China in 2023 to operate independently), among others. A reported private company valuation of over $2.5 billion USD was cited in the most recently documented funding round. This figure represents a venture-backed private company valuation, not a public market capitalization.

For a full overview of Moonshot AI's funding, valuation, and IPO prospects, see Moonshot AI Valuation 2026.

The developer API platform is accessible at platform.moonshot.cn, where pricing documentation, model specifications, and API keys are managed. For an overview of what Kimi is as a product, see the Kimi product overview below.

What Is Kimi? Chatbot, API, and Access Guide

Kimi is the AI assistant and API product created by Moonshot AI (北京月之暗面科技有限公司), distinct from the company itself, which is the developer and operator behind it.

This distinction matters: when users search "moonshot kimi," they may be looking for the consumer chatbot at kimi.ai, the developer API at platform.moonshot.cn, or general information about the Moonshot AI company. All three refer to different interfaces built around the same underlying large language model (an AI system trained on vast text data to generate and understand human language, abbreviated LLM). Understanding moonshot kimi pricing begins with knowing which interface you need.

Kimi as a Consumer Chatbot

The consumer-facing version of Kimi is accessible at kimi.ai. It functions similarly to ChatGPT: users type questions or prompts, and the model generates responses. Kimi's primary differentiation from ChatGPT in the consumer interface is its long-context capability and its optimization for Chinese-language content, though the model handles English competently.

Is Kimi AI Free? The Kimi consumer chatbot at kimi.ai offers a free access tier with usage limits. Paid subscription tiers with higher limits are available. Confirm current free tier limits and pricing at kimi.ai before making a decision, as these terms change periodically.

Kimi API for Developers

The Kimi API is accessed through the Moonshot AI developer platform at platform.moonshot.cn. Three model variants are available, each named by context window size:

• moonshot-v1-8k: supports an 8,192-token context window
• moonshot-v1-32k: supports a 32,768-token context window
• moonshot-v1-128k: supports a 128,000-token context window

A context window is the maximum amount of text (measured in API tokens, not cryptocurrency tokens) that a model can process in a single API call. Larger context windows allow for longer documents, more conversation history, or richer system prompts.

The Kimi API charges separately for input API tokens (the text sent to the model) and output API tokens (the text the model generates in response). This input/output split billing is standard practice across LLM providers and allows developers to estimate costs based on their specific read-heavy or write-heavy workloads.

Kimi API: International Availability The Kimi API accepts registrations from developers outside China. Account creation uses an email address at platform.moonshot.cn. Payment methods and rate limits for international accounts may differ from domestic Chinese accounts. Confirm current access requirements at platform.moonshot.cn before beginning integration, as availability policies are subject to change.

To access the Kimi API:

1. Visit platform.moonshot.cn
2. Create an account using your email address
3. Claim trial credits from the account dashboard
4. Generate an API key under the API Keys section
5. Reference the model documentation to select the appropriate context window tier for your use case

For a full breakdown of current per-token rates, see the full Kimi API pricing table below.

Kimi API Pricing Table: All Models in USD and CNY

Kimi API pricing is structured across three model tiers, each defined by context window size, with separate input and output rates denominated in CNY. The table below presents these rates with USD equivalents converted from official source pricing at platform.moonshot.cn.

API token note: In this section, "tokens" refers to units of text processed by the Kimi API, not the MOONSHOT cryptocurrency. One API token is approximately 4 characters or 0.75 English words. For cryptocurrency data, see the MOONSHOT Token section below.

How Kimi API Token Billing Works

An API token is a unit of text roughly equivalent to 4 characters or 0.75 words. The Kimi API bills input API tokens and output API tokens at separate rates for each model tier. Input API tokens are the text sent to the model in a request (your prompt, system instructions, and any context). Output API tokens are the text the model generates in response.

For most use cases, output API tokens cost more than input API tokens because generation is computationally more intensive than processing input. When planning API costs, calculate input and output volumes separately and sum them. Applying a single blended rate will produce inaccurate estimates.

Pricing on the official platform is published per 1,000 API tokens in CNY. The USD equivalents below use a conversion rate that should be confirmed against current exchange rates before use in budget planning.

Source: platform.moonshot.cn | Prices last verified: confirm current rates at the official Moonshot AI developer platform before use. USD equivalents calculated at approximately 7.24 CNY/USD. Official pricing is denominated in CNY; USD figures are approximate conversions.

Worked Cost Example

A developer sends a 1,000-word document (approximately 1,333 input API tokens) to moonshot-v1-128k for summarization, and the model returns a 200-word summary (approximately 267 output API tokens). At the rates in the table above:

• Input cost: 1,333 tokens x ¥0.060/1,000 = ¥0.080 (approximately $0.011 USD)
• Output cost: 267 tokens x ¥0.060/1,000 = ¥0.016 (approximately $0.002 USD)
• Total for one request: approximately ¥0.096, or less than $0.014 USD

For a production workload processing 100,000 such documents per month, total input and output costs would be approximately $1,300 USD at these rates. Confirm current pricing before committing to production spend.

Kimi API Free Tier Moonshot AI provides trial credits for new API accounts. The credit amount and expiry conditions change periodically. Check platform.moonshot.cn after account creation for current free tier allocations before beginning development.

For a side-by-side comparison of these rates against GPT-4o, Claude, and other major providers, see the LLM pricing comparison table below.

For Moonshot AI's full API pricing tiers and cost guide, see Moonshot Kimi API Pricing 2026: Plans and Cost Guide.

Kimi API vs. GPT-4o, Claude, Gemini, and DeepSeek: Pricing Comparison

Kimi API pricing falls in the mid-range among major LLM providers when compared at equivalent context window sizes. The table below uses a consistent per-million-token USD format across all providers so developers can benchmark costs directly.

All prices are converted to USD per 1 million tokens for consistent comparison. Confirm each provider's current pricing at their official pricing pages before making a procurement decision, as LLM API pricing changes frequently.

Provider pricing pages: OpenAI pricing at openai.com/pricing | Anthropic pricing at anthropic.com/pricing | Google AI pricing at ai.google.dev/pricing | DeepSeek pricing at platform.deepseek.com. All figures captured at publication date. Kimi prices converted from CNY at approximately 7.24 CNY/USD. All provider pricing is subject to change.

Two structural observations developers typically note when reading this table: Gemini 1.5 Flash offers the largest context window (1,000,000 tokens) at the lowest per-token rates, which makes it a direct parallel to Kimi's long-context positioning. Claude 3.5 Haiku is Anthropic's cost-optimized model and is the most comparable Claude tier to Kimi API for long-context summarization tasks. Performance and latency benchmarks are not covered here; evaluate each provider's quality for your specific use case separately.

What Is the MOONSHOT Token?

The MOONSHOT token is a speculative cryptocurrency asset that trades as a perpetual futures contract on derivatives exchanges and has no official affiliation with the Moonshot AI company behind Kimi.

MOONSHOT Token ≠ Moonshot AI Company The MOONSHOT cryptocurrency token is entirely separate from Moonshot AI (the Beijing-based AI company). The two share a name but have no documented official connection. Data on this page about the MOONSHOT token's price, market cap, or funding rate does not reflect the financial performance or valuation of Moonshot AI the company.

MOONSHOT is classified as a crypto token, a category of cryptocurrency typically characterized by community-driven speculation, rapid branding adoption, and high price volatility rather than a specific utility function. The token does not have a documented utility or governance function as of the most recent available sources. Confirm this classification against current token documentation before drawing conclusions.

The MOONSHOT token trades as a perpetual futures contract on centralized derivatives exchanges. These contracts allow traders to speculate on the MOONSHOT token's price without taking custody of the underlying asset, using margin (borrowed capital) subject to funding rate payments. For an explanation of how perpetual futures contracts work, see the perpetual futures explainer below.

MOONSHOT Market Data and Tokenomics

MOONSHOT token supply and market capitalization data are sourced from CoinGecko and update in real time as the mark price changes. All figures below refer to the cryptocurrency token, not the Moonshot AI company's private valuation.

Market capitalization for the MOONSHOT token is calculated as: Market Cap = Circulating Supply x Current Price. The fully diluted valuation (FDV) uses a separate formula: FDV = Total Supply x Current Price, representing the market cap if all tokens were in circulation. FDV is typically higher than market cap when a portion of total supply remains locked or unvested.

The market cap figure above refers to the MOONSHOT cryptocurrency token, not the private company valuation of Moonshot AI, which is a separate venture-backed figure reported at over $2.5 billion USD.

MOONSHOT Tokenomics

Data source: CoinGecko

Token distribution details (team allocation, public sale percentage, exchange liquidity allocation) and any burn mechanism or emission schedule should be confirmed against the current CoinGecko listing or official token documentation. For a broader look at how tokenomics and market cap metrics work for crypto traders, see What Is MOONSHOT AI USDT? Complete Guide, which covers the standard framework applied to assets like MOONSHOT.

All-Time High and All-Time Low

ATH/ATL data sourced from CoinGecko MOONSHOT token page and updates when new records are set.

Perpetual Futures Contracts Explained

A perpetual futures contract is a type of cryptocurrency derivative that allows traders to speculate on an asset's price without an expiry date, using a periodic funding rate mechanism to keep the contract price anchored near the underlying spot price.

Unlike standard futures contracts, which expire on a set date and settle at a fixed price, perpetual contracts continue indefinitely. The funding rate mechanism prevents the perpetual contract price from drifting far from the asset's spot price on spot exchanges.

The MOONSHOT perpetual mark price displayed on this page is not the same as the MOONSHOT spot price on centralized exchanges. Mark price and spot price converge over time due to the funding rate, but they can diverge in the short term during periods of concentrated directional trading. For additional context on how exchanges manage position exposure, open interest limits for perpetual futures contracts explains the mechanics at the exchange level.

Funding Rate: What It Means and How It Works

The funding rate is a periodic fee paid between traders holding long positions and traders holding short positions in a perpetual futures contract.

When the funding rate is positive, long position holders pay short position holders at each 8-hour settlement interval. When the funding rate is negative, short position holders pay long position holders. This mechanism incentivizes traders to take the less crowded side of the market, pulling the perpetual contract price back toward the spot price. The magnitude and direction of the funding rate reflect the balance of long versus short positioning at that moment. These are structural observations about market mechanics, not directional signals.

The live MOONSHOT funding rate is displayed in the dashboard above, sourced from CoinGecko derivatives data. Exchange-specific funding rates may differ slightly between platforms.

Mark Price vs. Last Trade Price

The mark price is the exchange's calculated fair value for the perpetual contract, derived from the underlying spot price index across multiple exchanges plus an interest rate component. It is the price used to calculate unrealized profit and loss (PnL) and to determine whether a position reaches its liquidation threshold.

The last trade price is the price at which the most recent transaction occurred in the perpetual market. During high-volatility periods, the last trade price can deviate from the mark price. Exchanges use the mark price (not the last trade price) to calculate liquidations, specifically to prevent price manipulation from triggering mass liquidations. Traders with positions approaching liquidation should monitor mark price, not last trade price.

Open Interest: Reading Market Participation

Open interest is the total USD value of all outstanding MOONSHOT perpetual contracts across all exchanges. A higher figure indicates greater market participation. Rising open interest alongside rising price typically indicates new capital entering long positions. Rising open interest alongside falling price typically indicates new capital entering short positions. Falling open interest in either direction suggests existing positions are being closed. These are structural observations about positioning; they carry no predictive force about future price direction.

MOONSHOT perpetual data reflects speculative derivative activity and is not connected to the Moonshot AI company's business performance or the Kimi API.

Where to Trade MOONSHOT Perpetual Futures

MOONSHOT perpetual futures contracts are listed on multiple major exchanges as of the most recent verification date. Confirm active listing status on each platform before trading, as listings change without notice.

All listings last confirmed: check the CoinGecko derivatives tab or CoinMarketCap derivatives section for MOONSHOT before trading. Exchange listings for lower-market-cap tokens change periodically.

Perpetual futures are margin-based instruments that amplify both gains and losses relative to the initial deposit. The exchange listings above require account verification, margin deposit, and familiarity with liquidation mechanics before trading. Confirm margin requirements and available trading pairs on each exchange directly before placing any order.

Frequently Asked Questions

Is Moonshot AI the same as Kimi?

No. Moonshot AI is the company; Kimi is the product. Moonshot AI (北京月之暗面科技有限公司) is the Beijing-based AI company that built and operates Kimi. Kimi refers to both the consumer chatbot (accessible at kimi.ai) and the developer API (accessible via platform.moonshot.cn). Both access points use the same underlying model, built and maintained by Moonshot AI.

Is Kimi AI free to use?

Yes, with limits. The Kimi consumer chatbot at kimi.ai offers a free access tier with usage restrictions. Paid subscription tiers are available for higher usage. The Kimi API for developers operates on a paid, per-API-token billing model, though new accounts receive trial credits. Confirm current free tier limits and subscription pricing at kimi.ai and platform.moonshot.cn before signing up, as terms change.

What is Moonshot AI?

Moonshot AI (北京月之暗面科技有限公司) is a Beijing-based artificial intelligence company founded in March 2023 by Yang Zhilin. The company develops the Kimi large language model and offers it as both a consumer chatbot at kimi.ai and a developer API at platform.moonshot.cn. The company has received funding from investors including Alibaba and Sequoia China (HongShan), with a reported private company valuation exceeding $2.5 billion USD. It is separate from the MOONSHOT cryptocurrency token.

Who founded Moonshot AI?

Yang Zhilin founded Moonshot AI in March 2023. Yang holds research backgrounds at Carnegie Mellon University, Google Brain, and Tsinghua University, and serves as the company's CEO. Moonshot AI is headquartered in Beijing with a focus on large language model development, particularly long-context processing.

What are the Kimi API pricing tiers?

The Kimi API offers three model tiers priced by context window size: moonshot-v1-8k (8,192-token context), moonshot-v1-32k (32,768-token context), and moonshot-v1-128k (128,000-token context). Each tier charges separately for input and output API tokens. See the full Kimi API pricing table above for current CNY and USD rates. Confirm moonshot kimi pricing at platform.moonshot.cn before budgeting, as rates are subject to change.

What is a perpetual futures contract in crypto?

A perpetual futures contract is a type of cryptocurrency derivative that lets traders speculate on an asset's price without an expiry date, using a funding rate mechanism to keep the contract price anchored near the underlying spot price. Unlike standard futures, perpetual contracts do not settle on a fixed date. Traders can hold positions indefinitely, subject to margin requirements and periodic funding payments between long and short holders. See the perpetual futures explainer above for a full breakdown of funding rate, mark price, and open interest.

What is the context window for each Kimi model?

The three Kimi API models support the following context windows: moonshot-v1-8k supports 8,192 API tokens; moonshot-v1-32k supports 32,768 API tokens; moonshot-v1-128k supports 128,000 API tokens. See context window sizes in the Kimi API pricing table above. Moonshot AI has also demonstrated extended context capabilities reaching 1,000,000 API tokens in research contexts, though this is not the standard billed tier.

Is the Kimi API available outside China?

Yes. The Kimi API accepts registrations from developers outside China. Account creation is available at platform.moonshot.cn with an email address. International developers should confirm current payment method availability, rate limits, and any geographic access restrictions at the time of registration, as these conditions may differ from domestic accounts. Confirm current access requirements at platform.moonshot.cn before beginning integration.

What is the funding rate for MOONSHOT perpetuals?

The funding rate for MOONSHOT perpetuals is a periodic fee paid every 8 hours between long and short position holders, designed to keep the perpetual contract price aligned with the MOONSHOT spot price. A positive funding rate means long holders pay short holders; a negative rate means the reverse. See the funding rate explanation above for a full mechanics breakdown. The current live rate appears in the market data dashboard at the top of this page.

How is Moonshot AI different from DeepSeek?

Moonshot AI and DeepSeek are both Chinese AI labs producing large language models, but they differ in focus and strategy. Moonshot AI concentrates on long-context processing through the Kimi product line, with models supporting up to 128,000-token context windows in the standard API. DeepSeek (深度求索) has pursued open-source availability and aggressive API pricing across its DeepSeek-V3 and DeepSeek-R1 models. The two companies serve overlapping developer audiences but are separate organizations with distinct model architectures and business approaches.

Is the MOONSHOT token a crypto token?

Yes, based on available classification data. The MOONSHOT token is listed under the crypto token category on major data aggregators, characterized by community-driven demand, rapid adoption, and high price volatility rather than a specific utility or governance function. The MOONSHOT token does not have a documented utility function as of current sources. Confirm this classification at CoinGecko or CoinMarketCap before drawing conclusions, as token utility claims can change.

What is the MOONSHOT token's market cap?

The MOONSHOT token's market cap is a live figure calculated as Circulating Supply multiplied by the current mark price. See live MOONSHOT market data and the tokenomics section above for current figures sourced from CoinGecko. This market cap refers to the MOONSHOT cryptocurrency token only and is unrelated to the Moonshot AI company's private company valuation of over $2.5 billion USD, which is a venture funding figure.

Is the MOONSHOT token related to the Moonshot AI company?

No official affiliation has been documented between the MOONSHOT cryptocurrency token and Moonshot AI (北京月之暗面科技有限公司), the Beijing-based AI company behind Kimi. The two share a name but operate as entirely separate entities. The MOONSHOT token is a speculative cryptocurrency asset; Moonshot AI is a privately funded AI technology company. If any official connection is announced, this page will be updated accordingly.

Can you predict the MOONSHOT token price?

This page provides market data for informational purposes only and does not provide price predictions or investment recommendations. The MOONSHOT token is a speculative, high-volatility asset, and perpetual futures positions carry significant financial risk including total loss of invested capital. Any source claiming to predict cryptocurrency prices with certainty should be treated with skepticism. Conduct your own research and consult a qualified financial advisor before making trading decisions.

Risk Disclaimer

Trading MOONSHOT perpetual futures involves significant financial risk, including the potential loss of your entire invested capital. Perpetual futures are margin-based derivative instruments. Losses can exceed your initial deposit if positions move against you and liquidation thresholds are breached. The MOONSHOT token is a speculative asset and carries high price volatility.

This page provides market data and informational content only. Nothing on this page constitutes investment advice, a solicitation to buy or sell any financial instrument, or a recommendation to trade the MOONSHOT perpetual contract or any other derivative. Market data displayed here is sourced from third-party providers including CoinGecko and is subject to data delays, inaccuracies, or interruptions.

Conduct your own research before trading. Consult a qualified financial advisor before entering any derivatives position. Confirm exchange listings, margin requirements, and available trading pairs directly with each exchange before placing any order.

Kimi API pricing data on this page is presented for informational and comparative purposes. Pricing is subject to change by Moonshot AI at any time. Confirm current Kimi API rates at platform.moonshot.cn before making procurement or budgeting decisions. USD price equivalents are approximations based on exchange rates at the time of verification and may not reflect current rates.

Related Reading

• What Is MOONSHOT AI USDT? Complete Guide
• Moonshot Kimi API Pricing 2026: Plans and Cost Guide
• Moonshot AI Valuation 2026: Funding History and Growth
• Moonshot AI IPO: HKEX Listing and How to Invest
• MOONSHOTUSDT Perpetual Futures on Bybit