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DeepSeek V3.1 vs MiniMax M2

DeepSeek V3.1 is cheaper on output tokens, while MiniMax M2 offers a larger context window. Choose DeepSeek V3.1 or MiniMax M2 based on the trade-off between cost, context, and the benchmarks that matter for your use case.

SpecDeepSeek V3.1MiniMax M2
ProviderDeepSeekMiniMax
Input / 1M tokens$0.25$0.26
Output / 1M tokens$0.95$1.02
Context window164K205K
Parameters—229B
Open weights—Yes
Released—Oct 2025
LMArena (Chatbot Arena) Elo score14201340
Epoch Capabilities Index score140—
SWE-bench Verified score—61.0
LMArena WebDev Elo score—1297

FAQ

Is DeepSeek V3.1 or MiniMax M2 cheaper?

DeepSeek V3.1 is cheaper on output tokens ($0.95 vs $1.02 per 1M).

Which has the larger context window, DeepSeek V3.1 or MiniMax M2?

MiniMax M2 has the larger context window (205K tokens).

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