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DeepSeek V3.1 Terminus vs MiniMax M3 Thinking

MiniMax M3 Thinking is cheaper on output tokens, while MiniMax M3 Thinking offers a larger context window. Choose DeepSeek V3.1 Terminus or MiniMax M3 Thinking based on the trade-off between cost, context, and the benchmarks that matter for your use case.

SpecDeepSeek V3.1 TerminusMiniMax M3 Thinking
ProviderDeepSeekNanoGPT
Input / 1M tokens$0.27$0.23
Output / 1M tokens$1.00$0.96
Context window164K512K
Parameters——
Open weights—Yes
Released—Jun 2026
LMArena (Chatbot Arena) Elo score1419—
LiveBench score—70.0

FAQ

Is DeepSeek V3.1 Terminus or MiniMax M3 Thinking cheaper?

MiniMax M3 Thinking is cheaper on output tokens ($0.96 vs $1.00 per 1M).

Which has the larger context window, DeepSeek V3.1 Terminus or MiniMax M3 Thinking?

MiniMax M3 Thinking has the larger context window (512K tokens).

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