Is DeepSeek-V3.2 (Non-thinking Mode) or MiniMax M2 cheaper?

DeepSeek-V3.2 (Non-thinking Mode) is cheaper on output tokens ($0.42 vs $1.20 per 1M).

Which has the larger context window, DeepSeek-V3.2 (Non-thinking Mode) or MiniMax M2?

MiniMax M2 has the larger context window (204K tokens).

DeepSeek-V3.2 (Non-thinking Mode) vs MiniMax M2

DeepSeek-V3.2 (Non-thinking Mode) is cheaper on output tokens, while MiniMax M2 offers a larger context window. Choose DeepSeek-V3.2 (Non-thinking Mode) or MiniMax M2 based on the trade-off between cost, context, and the benchmarks that matter for your use case.

Spec	DeepSeek-V3.2 (Non-thinking Mode)	MiniMax M2
Provider	ZenMux	ZenMux
Input / 1M tokens	$0.28	$0.30
Output / 1M tokens	$0.42	$1.20
Context window	128K	204K
Parameters	—	229B
Open weights	No	No
Released	Dec 2025	Oct 2025

DeepSeek-V3.2 (Non-thinking Mode) details →MiniMax M2 details →

FAQ

Pricing is indicative — confirm with the provider before production use. Highlighted values indicate the better figure for that row.