Compare / Qwen3-32B vs MiniMax-M2.7

Qwen3-32B vs MiniMax-M2.7

Which is cheaper, which is more capable, and which does better at each kind of work, from 23 results on 4 sources that measured both models.

AlibabaQwen3-32B Released 28 Apr 2025 · $0.14 in · $0.40 out
MiniMaxMiniMax-M2.7 Released 18 Mar 2026 · $0.30 in · $1.20 out
Qwen3-32B wins 31 too close to callMiniMax-M2.7 wins 19

Of the 23 results both models have, the better value on each. Results whose reported ranges overlap are too close to call.

Results as of 13 October 2026 (catalogue release 2026-10-13-2e2420e3c5cc). See also Alibaba vs MiniMax, every model from both labs.

Qwen3-32B or MiniMax-M2.7? The short answer

Pick MiniMax-M2.7 if quality matters most: it scores higher (Intelligence Index 22.8 against 8.6). Pick Qwen3-32B if cost matters more: it costs 2.6 times less per token.

  • Qwen3-32B is cheaper: $0.21 against $0.52 per million tokens, 2.6 times less.
  • MiniMax-M2.7 scores higher on the Artificial Analysis Intelligence Index: 22.8 against 8.6.
  • MiniMax-M2.7 is newer: released 18 Mar 2026, against 28 Apr 2025 for Qwen3-32B.
  • On third-party benchmarks, on the results both models have: Qwen3-32B does better for sticking to the facts; MiniMax-M2.7 for agents and tool use, reasoning and knowledge and writing.

Head to head

8.6
Intelligence Index
22.8
$0.21
Price per million tokens, blendedlower is better
$0.52
131,072
Context window, tokens
204,800

Every fact side by side

Qwen3-32BMiniMax-M2.7
Price per million tokens$0.14 in · $0.40 out$0.30 in · $1.20 out
Blended (3 in : 1 out)$0.21$0.52
Cheapest host, blended$0.13 (DeepInfra, FP8)$0.37 (GMICloud, FP8)
Cached input, per million–$0.060 cached input
Intelligence Index8.622.8
Spring Prompt overall––
Output speed, tokens a second––
Context window131,072 tokens204,800 tokens
Released28 Apr 202518 Mar 2026 (newer)
WeightsOpenOpen
Developer based inChinaChina

Prices are the developer's list price where we have read it, otherwise the typical host on OpenRouter; see every model's price. Intelligence and speed from Artificial Analysis.

Which is better for what

Each model's rank among the models on sale today, for each kind of work, from our own benchmarks and licensed sources. Further right is better; the better rank is in green.

Agents and tool useMulti-step tasks with tools: support desks, coding agents, function calls 113 of 164 103 of 164
Reasoning and knowledgeHard questions across science, maths and general knowledge 148 of 198 72 of 198
WritingWhat people prefer in blind comparisons, and judged writing quality 139 of 188 109 of 188
Sticking to the factsSummarising without inventing things, and factual answers 22 of 152 126 of 152

Every shared result

Each model's best result on every measure both have, grouped by benchmark, with the setting that produced it. Under each measure, every model that benchmark has measured is a grey tick, best to the right, so you can see where the two sit in the field. The headline measures of each benchmark come first; the rest are under "Show all". Green marks the better value; where a source reports ranges that overlap, neither is marked.

MeasureQwen3-32BMiniMax-M2.7
Arena (formerly LMArena) reported by Arena (formerly LMArena) · 3 results
Overall · TextArena rating, higher is better 195 · 118 of 387 measured 1,347 1,415
Business, management and finance · TextArena rating, higher is better 203 · 101 of 380 measured 1,340 1,424
Creative writing · TextArena rating, higher is better 205 · 139 of 385 measured 1,304 1,364
Artificial Analysis reported by Artificial Analysis · 3 results
Artificial Analysis Intelligence Indexindex score, higher is better 188 · 87 of 243 measured 8.6thinking reasoning 22.8
GPQA Diamond% of questions, higher is better 167 · 63 of 231 measured 66.8%thinking reasoning 87.4%
Humanity's Last Exam% of questions, higher is better 168 · 74 of 242 measured 7.4%thinking reasoning 29.6%
UGI Leaderboard reported by UGI Leaderboard · 3 results
Writing score · UGIscore out of 100, higher is better 134 · 120 of 230 measured 33.0no reasoning 37.6
Requested-length error · UGI% off the requested word count, lower is better 99 · 182 of 230 measured 19.0%no reasoning 36.0%
Style adherence · UGIscore from 0 to 1, higher is better 175 · 26 of 230 measured 0.32no reasoning 0.38
Vectara Hallucination Leaderboard reported by Vectara Hallucination Leaderboard · 2 results
Hallucination rate · Vectara% of summaries, lower is better 24 · 84 of 104 measured 5.9% 12.9%
Answer rate · Vectara% of documents, higher is better 17 · 55 of 104 measured 99.9% 99.4%
Show all 23 results (12 more)
MeasureQwen3-32BMiniMax-M2.7
Arena (formerly LMArena) reported by Arena (formerly LMArena) · 3 results
Expert prompts · TextArena rating, higher is better 159 · 93 of 338 measured 1,398 1,453
Instruction following · TextArena rating, higher is better 198 · 114 of 387 measured 1,331 1,407
Writing, literature and language · TextArena rating, higher is better 217 · 127 of 386 measured 1,308 1,387
Artificial Analysis reported by Artificial Analysis · 9 results
Terminal-Bench 2.1% of tasks, higher is better 111 · 54 of 130 measured 5.2%thinking reasoning 55.4%
Terminal-Bench 4.0% of tasks, higher is better 66 · 66 of 112 measured 0.0%thinking reasoning 0.0%
τ-bench banking% of tasks, higher is better 102 · 77 of 121 measured 5.4%thinking reasoning 9.9%
Artificial Analysis Coding Indexindex score, higher is better 111 · 54 of 131 measured 15.3thinking reasoning 52.6
IFBench% of instructions, higher is better 155 · 22 of 195 measured 36.3%thinking reasoning 75.7%
Long-context reasoning (AA-LCR)% of questions, higher is better 222 · 54 of 233 measured 0.0%no reasoning 78.3%
SciCode% of problems, higher is better 91 · 48 of 113 measured 36.0%thinking reasoning 50.1%
Terminal-Bench Hard% of tasks, higher is better 169 · 36 of 190 measured 3.0%thinking reasoning 39.4%
τ²-bench telecom% of tasks, higher is better 135 · 60 of 193 measured 29.8%thinking reasoning 84.8%

Quick answers

Is Qwen3-32B better than MiniMax-M2.7?

Pick MiniMax-M2.7 if quality matters most: it scores higher (Intelligence Index 22.8 against 8.6). Pick Qwen3-32B if cost matters more: it costs 2.6 times less per token.

Which is cheaper, Qwen3-32B or MiniMax-M2.7?

Qwen3-32B is cheaper: $0.21 against $0.52 per million tokens, 2.6 times less.

Which is better for agents and tool use, Qwen3-32B or MiniMax-M2.7?

MiniMax-M2.7 ranks 103 of 164 models on sale for multi-step tasks with tools: support desks, coding agents, function calls, against 113 for Qwen3-32B.

Which is better for reasoning and knowledge, Qwen3-32B or MiniMax-M2.7?

MiniMax-M2.7 ranks 72 of 198 models on sale for hard questions across science, maths and general knowledge, against 148 for Qwen3-32B.

Which is better for writing, Qwen3-32B or MiniMax-M2.7?

MiniMax-M2.7 ranks 109 of 188 models on sale for what people prefer in blind comparisons, and judged writing quality, against 139 for Qwen3-32B.

Which is better for sticking to the facts, Qwen3-32B or MiniMax-M2.7?

Qwen3-32B ranks 22 of 152 models on sale for summarising without inventing things, and factual answers, against 126 for MiniMax-M2.7.

Which has the bigger context window, Qwen3-32B or MiniMax-M2.7?

MiniMax-M2.7: 204,800 tokens, against 131,072 for Qwen3-32B.

Run Qwen3-32B and MiniMax-M2.7 on your own prompt

Benchmarks aren't your data. Try both side by side in the playground, with the cost of every answer.