Comparisons

DeepSeek V4 vs MiniMax M3

On provider list prices, MiniMax M3 costs $0.30 per million input tokens against $1.74 for DeepSeek V4: 5.8x apart. Output is $1.20 against $3.48 (2.9x). On Allocate both bill at list plus the 7% transaction fee.

DeepSeek V4M MiniMax M3
LabDeepseekMiniMaxAI
AccessAPI onlyAPI only
Context window512K tokens512K tokens
List price, input$1.74 / M tokens$0.3 / M tokens
List price, output$3.48 / M tokens$1.2 / M tokens
Cached input$0.2 / M tokens$0.06 / M tokens
LicenseProprietary APIProprietary API
Fine-tunableNoNo

Specifications and provider list prices from the Allocate catalog, checked 2026-07-08. Billed price is list plus the 7% transaction fee.

What the numbers say

Take 1,000,000 requests a month at 1,200 input and 350 output tokens each. That workload costs $780 a month on MiniMax M3 and $3,306 on DeepSeek V4 at list: a gap of $2,526, or 4.2x.

MiniMax M3 reads 512K tokens per request against 512K for DeepSeek V4, 1.0x the window. That decides which one can take whole documents without splitting them.

MiniMax M3$0.30$1.20
DeepSeek V4$1.74$3.48
InputOutput

Choose DeepSeek V4 for

  • Reasoning-heavy agents
  • Long-document analysis
  • Cost-sensitive production routes
DeepSeek V4 details

Choose MiniMax M3 for

  • The lower list price ($0.30 in / $1.20 out per M tokens)
  • The longer context window (512K vs 512K tokens)
MiniMax M3 details

Common questions

Which is cheaper, DeepSeek V4 or MiniMax M3?

MiniMax M3, on this workload shape. At list prices it is $0.30/$1.20 per million tokens in and out against $1.74/$3.48 for DeepSeek V4. Billed on Allocate: $0.32/$1.28 against $1.86/$3.72, list plus 7%.

Which has the bigger context window?

MiniMax M3: 524,288 tokens (512K) against 512,000 (512K) for DeepSeek V4.

Can I fine-tune DeepSeek V4 or MiniMax M3?

No. Both are closed models served over API. If you want a model you can train and own, start from an open-weights base in the catalog.

Related comparisons

Run the numbers on your workload

Or don’t choose. On Allocate a route name is the contract: point yours at one model today, swap to the other tomorrow, and compare them on your live traffic with per-token metering.