Compare / DeepSeek V3.2 Exp vs MiniMax M2.1

DeepSeek V3.2 Exp vs MiniMax M2.1

Which is cheaper, which is more capable, and which does better at each kind of work, from 12 results on 3 sources that measured both models.

DeepSeek V3.2 Exp
DeepSeek · profile
MiniMax M2.1
MiniMax · profile
Results compared
12
Shared sources
3

DeepSeek V3.2 Exp or MiniMax M2.1? The short answer

  • DeepSeek V3.2 Exp is cheaper: $0.30 against $0.52 per million tokens, 42% less.
  • MiniMax M2.1 scores higher on the Artificial Analysis Intelligence Index: 20.9 against 16.6.
  • On our business benchmarks, DeepSeek V3.2 Exp ranks higher for agents and tool use, writing and sticking to the facts.
  • On our business benchmarks, MiniMax M2.1 ranks higher for reasoning and knowledge.

At a glance

DeepSeek V3.2 ExpMiniMax M2.1
Price per million tokens$0.27 in · $0.41 out$0.30 in · $1.20 out
Blended (3 in : 1 out)$0.30$0.52
Cheapest host, blended–$0.52 (Novita, FP8)
Intelligence Index16.620.9
Spring Prompt overall––
Output speed, tokens a second––
Context window163,840 tokens204,800 tokens
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 models available today, for each kind of work, from our own benchmarks and licensed sources. The better rank is in green.

Use caseDeepSeek V3.2 ExpMiniMax M2.1
Agents and tool useMulti-step tasks with tools: support desks, coding agents, function calls 70 of 161 125 of 161
Reasoning and knowledgeHard questions across science, maths and general knowledge 102 of 195 86 of 195
WritingWhat people prefer in blind comparisons, and judged writing quality 69 of 187 106 of 187
Sticking to the factsSummarising without inventing things, and factual answers 41 of 153 116 of 153

Every shared result

BenchmarkMetricDeepSeek V3.2 ExpMiniMax M2.1
Artificial AnalysisreportedArtificial Analysis Intelligence Indexindex score 16.620.9
Artificial AnalysisreportedGPQA Diamond% of questions 79.7%83.0%
Artificial AnalysisreportedHumanity's Last Exam% of questions 14.9%23.2%
Artificial AnalysisreportedIFBench% of instructions 54.1%69.9%
Artificial AnalysisreportedLong-context reasoning (AA-LCR)% of questions 72.3%67.7%
Artificial AnalysisreportedTerminal-Bench Hard% of tasks 31.1%28.8%
Artificial AnalysisreportedΤ²-bench telecom% of tasks 33.9%85.4%
UGI LeaderboardreportedRequested-length error% off the requested word count 25.0%31.0%
UGI LeaderboardreportedStyle adherencescore from 0 to 1 0.350.41
UGI LeaderboardreportedWriting scorescore out of 100 54.041.6
Vectara Hallucination LeaderboardreportedAnswer rate% of documents 96.6%98.5%
Vectara Hallucination LeaderboardreportedHallucination rate% of summaries 5.3%11.8%

Bold green marks the better value on that metric. Where a source reports ranges that overlap, the difference may not be meaningful; see the benchmark page for ranges.

Quick answers

Is DeepSeek V3.2 Exp better than MiniMax M2.1?

It depends on the task. Among models available today, on our benchmarks and licensed sources, DeepSeek V3.2 Exp ranks higher for agents and tool use, writing and sticking to the facts; MiniMax M2.1 ranks higher for reasoning and knowledge.

Which is cheaper, DeepSeek V3.2 Exp or MiniMax M2.1?

DeepSeek V3.2 Exp costs $0.30 per million tokens (three input to one output), against $0.52 for MiniMax M2.1.

Run DeepSeek V3.2 Exp and MiniMax M2.1 on your own prompt

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