Is DeepSeek V3.2 or MiniMax M2 cheaper?

DeepSeek V3.2 is cheaper on output tokens ($0.43 vs $1.20 per 1M).

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

MiniMax M2 has the larger context window (204K tokens).

DeepSeek V3.2 vs MiniMax M2

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

Spec	DeepSeek V3.2	MiniMax M2
Provider	ZenMux	ZenMux
Input / 1M tokens	$0.28	$0.30
Output / 1M tokens	$0.43	$1.20
Context window	128K	204K
Parameters	—	229B
Open weights	No	No
Released	Dec 2025	Oct 2025

DeepSeek V3.2 details →MiniMax M2 details →

FAQ

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