MiniMax M2 is cheaper than DeepSeek V3.2 at $0/M vs $0.28/M input tokens.
| Spec | DeepSeek V3.2 | MiniMax M2 |
|---|---|---|
| Input price | $0.28/M tokens | Free |
| Output price | $0.42/M tokens | Free |
| Context window | 131K tokens | 205K tokens |
| Weights | Open | Open |
| Free API (OpenRouter) | No | No |
| Released | Dec 2025 | Oct 2025 |
| SWE-bench Verified | 73.1% | 69.4% |
Not enough votes to call it. On the specs, DeepSeek V3.2 has the edge: bigger model tier, newer, major provider backing.
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Per million tokens. Prices and uptime via OpenRouter, checked 12 Sep 2026.
MiniMax M2 uses 7.8x more emoji