A system for providing dynamic code deployment and versioning is provided. The system may be configured to receive a first request to execute a newer program code on a virtual compute system, determine, based on the first request, that the newer program code is a newer version of an older program code loaded onto an existing container on a virtual machine instance on the virtual compute system, initiate a download of the newer program code onto a second container on the same virtual machine instance, and causing the first request to be processed with the older program code in the existing container.