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MiniMax-M3 vs DeepSeek-V3.2

DeepSeek-V3.2 is cheaper on output tokens, while MiniMax-M3 offers a larger context window. Choose MiniMax-M3 or DeepSeek-V3.2 based on the trade-off between cost, context, and the benchmarks that matter for your use case.

SpecMiniMax-M3DeepSeek-V3.2
ProviderNebius Token FactoryNebius Token Factory
Input / 1M tokens$0.30$0.30
Output / 1M tokens$1.20$0.45
Context window1M163K
Parameters——
Open weightsYesYes
ReleasedJun 2026Jan 2026

FAQ

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