DeepSeek V3.2 vs MiniMax M3
DeepSeek against MiniMax, costed on the same three workloads. DeepSeek V3.2 is cheaper on all three workloads.
Monthly bill, side by side
| Workload | DeepSeek V3.2 | MiniMax M3 | Difference |
|---|---|---|---|
| Support chatbot 2,500 six-turn conversations a day |
$723 | $1,087 | $364 (1.5×) |
| Document summariser 1,000 single-shot summaries a day |
$112 | $139 | $26.52 (+24%) |
| Coding agent 200 twelve-turn sessions a day |
$606 | $788 | $182 (+30%) |
No prompt caching and no batch discount on either side, so the comparison is like for like. Both figures assume 30 days a month.
The rate cards
| DeepSeek V3.2 | MiniMax M3 | |
|---|---|---|
| Input, per 1M tokens | $0.28 | $0.3 |
| Output, per 1M tokens | $0.4 | $1.2 |
| Cached input | not published | $0.06 |
| Context window | 164K | 1M |
| Maximum output | 164K | 128K |
| Reasoning model | yes | yes |
| Vision | no | no |
Run this comparison on your own numbers
Full detail: DeepSeek V3.2 pricing · MiniMax M3 pricing