Side by side
DeepSeek V3.1 Terminus vs MiniMax M2
Source: OpenRouter (live)
Live figures
The numbers
Best value in each row is highlighted. "Not declared" means the provider does not advertise the feature on its listing.
| Attribute | ||
|---|---|---|
| Input priceUSD per 1M tokens | $0.27 | $0.26 (best) |
| Output priceUSD per 1M tokens | $1.00 (best) | $1.02 |
| Blended price75% in / 25% out | $0.45 | $0.45 (best) |
| Vs. market median | 50% cheaper | 50% cheaper |
| Value rankcheapest = 1 | #151 | #145 (best) |
| Context windowtokens | 164K | 205K (best) |
| Max outputtokens | 147K (best) | 131K |
| Input modalities | text | text |
| Output modalities | text | text |
| Tool calling | Declared | Declared |
| Reasoning | Declared | Declared |
| Structured output | Declared | Not declared |
| Listed on OpenRouter | 2025-09-22 | 2025-10-23 (best) |
Blended price assumes a 3:1 input-to-output token mix. Median is across all 429 priced models.
Add or swap modelsCost calculator
At your volume
Estimate the monthly bill for these models at your own token volumes.
| Model | Input | Output | Monthly | Yearly | vs cheapest | |
|---|---|---|---|---|---|---|
| MiniMax: MiniMax M2 MiniMax · $0.255 in / $1.02 out per M | $13 | $15 | $28 | $337 | Cheapest | |
| DeepSeek: DeepSeek V3.1 Terminus DeepSeek · $0.270 in / $1.00 out per M | $14 | $15 | $29 | $342 | +$0.450 (1.0×) |
Estimates use list prices per million tokens from live provider listings. Cached-input, batch and volume discounts are not included, so real bills are often lower.
Read-out
What the numbers say
- MiniMax: MiniMax M2 is the cheapest here at $0.45/M blended; DeepSeek: DeepSeek V3.1 Terminus costs 1% more.
- MiniMax: MiniMax M2 offers the largest context window (205K tokens) versus 164K for DeepSeek: DeepSeek V3.1 Terminus.
Models
Model pages
Full pricing history, capabilities and alternatives for each model in this comparison.
DeepSeek: DeepSeek V3.1 Terminus
DeepSeek
$0.453
/M blended
MiniMax
$0.446
/M blended
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