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MiniMax M3 Thinking vs Qwen2.5 Coder 32B Instruct

MiniMax M3 Thinking is cheaper on output tokens, while MiniMax M3 Thinking offers a larger context window. Choose MiniMax M3 Thinking or Qwen2.5 Coder 32B Instruct based on the trade-off between cost, context, and the benchmarks that matter for your use case.

SpecMiniMax M3 ThinkingQwen2.5 Coder 32B Instruct
ProviderNanoGPT—
Input / 1M tokens$0.23$0.66
Output / 1M tokens$0.96$1.00
Context window512K33K
Parameters——
Open weightsYes—
ReleasedJun 2026—
LiveBench score70.0—
Aider Polyglot score—16.4
SWE-bench Verified score—47.0
LMArena (Chatbot Arena) Elo score—1230

FAQ

Is MiniMax M3 Thinking or Qwen2.5 Coder 32B Instruct cheaper?

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

Which has the larger context window, MiniMax M3 Thinking or Qwen2.5 Coder 32B Instruct?

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.