Minimax M2.5 vs DeepSeek V3.2 Exp: cost comparison
Prices updated 2026-10-31 · computed from live provider data
Short answer: DeepSeek V3.2 Exp is cheaper on a
3:1 input/output blend — $0.305 per million tokens versus
$0.440, a 31% difference.
Minimax M2.5 offers the larger context window at 204,800 tokens, against 163,840 for DeepSeek V3.2 Exp.
Head to head
| Minimax M2.5 | DeepSeek V3.2 Exp | |
|---|---|---|
| Input, per 1M tokens | $0.270 | $0.270 |
| Output, per 1M tokens | $0.950 | $0.410 |
| Blended 3:1, per 1M | $0.440 | $0.305 |
| Context window | 204,800 | 163,840 |
| Vendor | minimax | deepseek |
Monthly cost at real volumes
| Workload (input / output) | Minimax M2.5 | DeepSeek V3.2 Exp |
|---|---|---|
| 1M in / 250K out | $0.507 | $0.372 |
| 10M in / 2.5M out | $5.08 | $3.73 |
| 100M in / 25M out | $50.75 | $37.25 |
Which should you pick?
Pick Minimax M2.5 when you need the longer context window (204,800 vs 163,840 tokens). Pick DeepSeek V3.2 Exp when price per token dominates your workload — high-volume classification, extraction, or batch summarisation.