DeepSeek-V3.2-Exp vs MiniMax M2: Specs & Benchmark Comparison

CharacteristicDeepSeek-V3.2-ExpMiniMax M2
CompanyDeepSeekMiniMax
Release DateSeptember 28, 2025October 26, 2025
Parameters685B230B
MultimodalNoNo
Context (input)164K1.0M
Context (output)66K100K
Input Price / 1M$0.27$1.00
Output Price / 1M$0.41$4.00
Average Score0.80.8
Benchmarks
AIME 20250.90.8
MMLU-Pro0.80.8
GPQA0.80.8

Visual Benchmark Comparison

DeepSeek-V3.2-Exp
MiniMax M2
AIME 20250.9 vs 0.8
0.9
0.8
MMLU-Pro0.8 vs 0.8
0.8
0.8
GPQA0.8 vs 0.8
0.8
0.8

Verdict

MiniMax M2 leads in 2 out of 4 comparison categories.

Overall Performance

Both models show comparable average scores: DeepSeek-V3.2-Exp — 0.8, MiniMax M2 — 0.8.

API Cost

DeepSeek-V3.2-Exp is 7.4x cheaper: input $0.27/1M vs $1.00/1M tokens.

Context Window

MiniMax M2 supports a larger context: 1M vs 164K tokens.

Recency

MiniMax M2 is newer: released 10/26/2025 vs 9/28/2025.

More About These Models

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Frequently Asked Questions

Which is better for coding — DeepSeek-V3.2-Exp or MiniMax M2?
Direct comparison on the SWE-Bench benchmark is not available. We recommend reviewing other metrics on the comparison page.
Which model is cheaper — DeepSeek-V3.2-Exp or MiniMax M2?
DeepSeek-V3.2-Exp is cheaper for input: $0.27 per 1M tokens vs $1.00.
Which has a larger context window — DeepSeek-V3.2-Exp or MiniMax M2?
MiniMax M2 supports a larger context: 1,000,000 tokens vs 163,840.

The DeepSeek-V3.2-Exp and MiniMax M2 comparison is updated for 2026. Data includes benchmark results, API pricing, context window size and other specifications. For more detailed information, visit the DeepSeek-V3.2-Exp or MiniMax M2 page. See also the complete list of AI model comparisons.