Is DeepSeek-V3.2 or MiniMax-M2.5 cheaper?

MiniMax-M2.5 is cheaper on output tokens ($1.20 vs $1.50 per 1M).

Which has the larger context window, DeepSeek-V3.2 or MiniMax-M2.5?

MiniMax-M2.5 has the larger context window (197K tokens).

DeepSeek-V3.2 vs MiniMax-M2.5

MiniMax-M2.5 is cheaper on output tokens, while MiniMax-M2.5 offers a larger context window. Choose DeepSeek-V3.2 or MiniMax-M2.5 based on the trade-off between cost, context, and the benchmarks that matter for your use case.

Spec	DeepSeek-V3.2	MiniMax-M2.5
Provider	Friendli	Friendli
Input / 1M tokens	$0.50	$0.30
Output / 1M tokens	$1.50	$1.20
Context window	164K	197K
Parameters	—	—
Open weights	Yes	Yes
Released	Dec 2025	Feb 2026

DeepSeek-V3.2 details →MiniMax-M2.5 details →

FAQ

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