Compare / DeepSeek V4 Flash 0423 vs MiniMax M2
DeepSeek V4 Flash 0423 vs MiniMax M2
Which is cheaper, which is more capable, and which does better at each kind of work, from 14 results on 3 sources that measured both models.
DeepSeek V4 Flash 0423 or MiniMax M2? The short answer
- DeepSeek V4 Flash 0423 is cheaper: $0.18 against $0.52 per million tokens, 3.0 times less.
- DeepSeek V4 Flash 0423 scores higher on the Artificial Analysis Intelligence Index: 34.3 against 18.6.
- On our business benchmarks, DeepSeek V4 Flash 0423 ranks higher for agents and tool use, reasoning and knowledge, writing and sticking to the facts.
At a glance
| DeepSeek V4 Flash 0423 | MiniMax M2 | |
|---|---|---|
| Price per million tokens | $0.14 in · $0.28 out | $0.30 in · $1.20 out |
| Blended (3 in : 1 out) | $0.18 | $0.52 |
| Cheapest host, blended | $0.053 (StreamLake, FP8) | $0.45 (Minimax, FP8) |
| Intelligence Index | 34.3 | 18.6 |
| Spring Prompt overall | – | – |
| Output speed, tokens a second | – | – |
| Context window | 1,048,576 tokens | 204,800 tokens |
| Weights | Open | Open |
| Developer based in | China | China |
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 case | DeepSeek V4 Flash 0423 | MiniMax M2 |
|---|---|---|
| Agents and tool useMulti-step tasks with tools: support desks, coding agents, function calls | 34 of 161 | 149 of 161 |
| Reasoning and knowledgeHard questions across science, maths and general knowledge | 40 of 195 | 107 of 195 |
| WritingWhat people prefer in blind comparisons, and judged writing quality | 62 of 187 | 167 of 187 |
| Sticking to the factsSummarising without inventing things, and factual answers | 81 of 153 | 150 of 153 |
Every shared result
| Benchmark | Metric | DeepSeek V4 Flash 0423 | MiniMax M2 |
|---|---|---|---|
| Arena (formerly LMArena)reported | OverallArena rating | 1,439 | 1,360 |
| Arena (formerly LMArena)reported | Business, management and financeArena rating | 1,439 | 1,348 |
| Arena (formerly LMArena)reported | Creative writingArena rating | 1,408 | 1,285 |
| Arena (formerly LMArena)reported | Expert promptsArena rating | 1,457 | 1,350 |
| Arena (formerly LMArena)reported | Instruction followingArena rating | 1,428 | 1,334 |
| Arena (formerly LMArena)reported | OverallArena rating | 1,436 | 1,343 |
| Arena (formerly LMArena)reported | Writing, literature and languageArena rating | 1,416 | 1,298 |
| Artificial Analysisreported | Artificial Analysis Intelligence Indexindex score | 34.3 | 18.6 |
| Artificial Analysisreported | GPQA Diamond% of questions | 90.8% | 77.7% |
| Artificial Analysisreported | Humanity's Last Exam% of questions | 38.6% | 13.7% |
| Artificial Analysisreported | Long-context reasoning (AA-LCR)% of questions | 79.7% | 64.3% |
| UGI Leaderboardreported | Requested-length error% off the requested word count | 12.0% | 73.0% |
| UGI Leaderboardreported | Style adherencescore from 0 to 1 | 0.36 | 0.36 |
| UGI Leaderboardreported | Writing scorescore out of 100 | 54.6 | 17.2 |
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 V4 Flash 0423 better than MiniMax M2?
It depends on the task. Among models available today, on our benchmarks and licensed sources, DeepSeek V4 Flash 0423 ranks higher for agents and tool use, reasoning and knowledge, writing and sticking to the facts.
Which is cheaper, DeepSeek V4 Flash 0423 or MiniMax M2?
DeepSeek V4 Flash 0423 costs $0.18 per million tokens (three input to one output), against $0.52 for MiniMax M2.
Run DeepSeek V4 Flash 0423 and MiniMax M2 on your own prompt
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