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DeepSeek V3.2 vs MiniMax M3.1 Flash

MiniMax M3.1 Flash leads DeepSeek V3.2 on coding, 59.0 to 30.0 on the Vibe Coding Index, and MiniMax M3.1 Flash costs 1.5x less per output token ($0.60 vs $0.88 per million). Updated October 22, 2026; 7 benchmarks have a result for both.

DeepSeek V3.2DeepSeek
Coding
30.0
Overall
37.9
Output $/M
$0.88
0
MiniMax M3.1 FlashMiniMax
Coding
59.0
Overall
60.6
Output $/M
$0.60
7
vs boards won of 7 shared

DeepSeek V3.2 or MiniMax M3.1 Flash: which to pick

Pick MiniMax M3.1 Flash for coding: it scores 59.0 on the Vibe Coding Index against 30.0 for DeepSeek V3.2.

DeepSeek V3.2 is neither cheaper nor larger in context, and leads no benchmark both models were measured on.

Shared results
7
DeepSeek V3.2 only
69
MiniMax M3.1 Flash only
13
Like-for-like categories
4 of 9

Only benchmarks that tested both models count toward a pick; a result only one model has is shown but not compared.

Which one for your work

Each card is decided by one number both models carry. Where only one has it, the card says so and makes no call.

At a glance

Coding index
DeepSeek V3.2 30.0 from 3 benchmarks, MiniMax M3.1 Flash 59.0 from 4 benchmarks.
Widest category
Coding, 42.3 points apart on average over 4 shared benchmarks.
Widest single gap
Vibe Code Bench (Vals AI): DeepSeek V3.2 5.1% against MiniMax M3.1 Flash 73.9%, 68.8 points apart on a 0 to 100 scale.
Output price
DeepSeek V3.2 $0.88 against MiniMax M3.1 Flash $0.60 per million output tokens, 1.5x apart.
Context window
DeepSeek V3.2 takes 164K tokens, MiniMax M3.1 Flash 1M.

Benchmark by benchmark

First the score: boards each model leads, per category, where both have a result. Then every board, a category to a fold; bars are each result on a 0 to 100 scale, so compare the two in a row, not one row with another.

Boards won, where both have a result
CategoryDeepSeek V3.2BarsMiniMax M3.1 FlashTies
Coding04
Intelligence01
Reasoning01
General01
All shared boards07
CodingLike-for-likeSix of these boards feed the Vibe Coding Index04
Coding benchmarks for DeepSeek V3.2 and MiniMax M3.1 Flash
BenchmarkDeepSeek V3.2MiniMax M3.1 FlashLeader
SWE-bench Verified70.0%Not measuredOnly DeepSeek V3.2 measured
SWE-bench Multilingual59.0%Not measuredOnly DeepSeek V3.2 measured
LiveBench codingNot measured83.9%Only MiniMax M3.1 Flash measured
LMArena WebDev13621587MiniMax M3.1 Flash
AA Coding Index44.2Not measuredOnly DeepSeek V3.2 measured
LiveCodeBench (Vals AI)80.7%Not measuredOnly DeepSeek V3.2 measured
SWE-bench Verified (Vals AI)67.6%Not measuredOnly DeepSeek V3.2 measured
Terminal-Bench 4 (Vals AI)Not measured25.3%Only MiniMax M3.1 Flash measured
Vibe Code Bench (Vals AI)5.1%73.9%MiniMax M3.1 Flash
LiveCodeBench (Artificial Analysis run)86.2%Not measuredOnly DeepSeek V3.2 measured
SciCodeNot measured53.4%Only MiniMax M3.1 Flash measured
Terminal-Bench Hard (Artificial Analysis run)35.6%Not measuredOnly DeepSeek V3.2 measured
Terminal-Bench39.6%Not measuredOnly DeepSeek V3.2 measured
LMArena Text: coding1453Not measuredOnly DeepSeek V3.2 measured
LMArena Text: software and IT1449Not measuredOnly DeepSeek V3.2 measured
LMArena WebDev: React13501609MiniMax M3.1 Flash
LMArena WebDev: HTML13711529MiniMax M3.1 Flash
Neither model has a result on the other 26 boards here
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index01
Intelligence benchmarks for DeepSeek V3.2 and MiniMax M3.1 Flash
BenchmarkDeepSeek V3.2MiniMax M3.1 FlashLeader
AA Intelligence Index21.542.7MiniMax M3.1 Flash
Epoch Capabilities Index146.1Not measuredOnly DeepSeek V3.2 measured
Agentic workDirectional onlyPublic boards, shown as published, kept out of the index9 boards, none shared
Agentic work benchmarks for DeepSeek V3.2 and MiniMax M3.1 Flash
BenchmarkDeepSeek V3.2MiniMax M3.1 FlashLeader
LiveBench researchNot measured72.7%Only MiniMax M3.1 Flash measured
LiveBench browserNot measured92.0%Only MiniMax M3.1 Flash measured
LiveBench long agenticNot measured34.7%Only MiniMax M3.1 Flash measured
Tax Agent Bench (Vals AI)Not measured32.1%Only MiniMax M3.1 Flash measured
Legal Research Bench (Vals AI)Not measured34.1%Only MiniMax M3.1 Flash measured
Harvey's Legal Agent Benchmark (Vals AI)Not measured7.5%Only MiniMax M3.1 Flash measured
τ²-Bench Telecom90.6%Not measuredOnly DeepSeek V3.2 measured
APEX-Agents21.3%Not measuredOnly DeepSeek V3.2 measured
Vending-Bench 2$1,034Not measuredOnly DeepSeek V3.2 measured
Neither model has a result on the other 33 boards here
ReasoningLike-for-likePublic boards, shown as published, kept out of the index01
Reasoning benchmarks for DeepSeek V3.2 and MiniMax M3.1 Flash
BenchmarkDeepSeek V3.2MiniMax M3.1 FlashLeader
GPQA Diamond80.3%Not measuredOnly DeepSeek V3.2 measured
LiveBench reasoningNot measured82.9%Only MiniMax M3.1 Flash measured
GPQA Diamond (Artificial Analysis run)84.0%Not measuredOnly DeepSeek V3.2 measured
Humanity's Last Exam (Artificial Analysis run)24.6%48.0%MiniMax M3.1 Flash
ARC-AGI57.0%Not measuredOnly DeepSeek V3.2 measured
ARC-AGI-24.0%Not measuredOnly DeepSeek V3.2 measured
LMArena Text: hard prompts1434Not measuredOnly DeepSeek V3.2 measured
LMArena Text: expert1436Not measuredOnly DeepSeek V3.2 measured
LMArena Text: hard prompts in English1446Not measuredOnly DeepSeek V3.2 measured
Neither model has a result on the other 14 boards here
MathDirectional onlyPublic boards, shown as published, kept out of the index7 boards, none shared
Math benchmarks for DeepSeek V3.2 and MiniMax M3.1 Flash
BenchmarkDeepSeek V3.2MiniMax M3.1 FlashLeader
AIME84.6%Not measuredOnly DeepSeek V3.2 measured
MGSM (Vals AI)86.0%Not measuredOnly DeepSeek V3.2 measured
AA Math Index92.0Not measuredOnly DeepSeek V3.2 measured
AIME 2025 (Artificial Analysis run)92.0%Not measuredOnly DeepSeek V3.2 measured
LMArena Text: math1435Not measuredOnly DeepSeek V3.2 measured
LMArena Text: mathematical work1440Not measuredOnly DeepSeek V3.2 measured
MathArena16.0%Not measuredOnly DeepSeek V3.2 measured
Neither model has a result on the other 7 boards here
KnowledgeDirectional onlyPublic boards, shown as published, kept out of the index11 boards, none shared
Knowledge benchmarks for DeepSeek V3.2 and MiniMax M3.1 Flash
BenchmarkDeepSeek V3.2MiniMax M3.1 FlashLeader
MMLU Pro84.9%Not measuredOnly DeepSeek V3.2 measured
LegalBench (Vals AI)76.1%Not measuredOnly DeepSeek V3.2 measured
CaseLaw (Vals AI)55.4%Not measuredOnly DeepSeek V3.2 measured
CorpFin (Vals AI)51.0%Not measuredOnly DeepSeek V3.2 measured
TaxEval (Vals AI)68.2%Not measuredOnly DeepSeek V3.2 measured
MedQA (Vals AI)93.9%Not measuredOnly DeepSeek V3.2 measured
MMLU Pro (Artificial Analysis run)86.2%Not measuredOnly DeepSeek V3.2 measured
LMArena Text: science1446Not measuredOnly DeepSeek V3.2 measured
LMArena Text: medicine and healthcare1440Not measuredOnly DeepSeek V3.2 measured
LMArena Text: legal and government1425Not measuredOnly DeepSeek V3.2 measured
LMArena Text: business and finance1410Not measuredOnly DeepSeek V3.2 measured
Neither model has a result on the other 9 boards here
Web designDirectional onlyPublic boards, shown as published, kept out of the index9 boards, none shared
Web design benchmarks for DeepSeek V3.2 and MiniMax M3.1 Flash
BenchmarkDeepSeek V3.2MiniMax M3.1 FlashLeader
Design Arena: websites1175Not measuredOnly DeepSeek V3.2 measured
Design Arena: UI components1146Not measuredOnly DeepSeek V3.2 measured
Design Arena: game dev1131Not measuredOnly DeepSeek V3.2 measured
Design Arena: data viz1159Not measuredOnly DeepSeek V3.2 measured
Design Arena: 3D1132Not measuredOnly DeepSeek V3.2 measured
Design Arena: all code categories1163Not measuredOnly DeepSeek V3.2 measured
Design Arena: SVG1031Not measuredOnly DeepSeek V3.2 measured
Design Arena: ASCII art1082Not measuredOnly DeepSeek V3.2 measured
LiveBench designNot measured74.0%Only MiniMax M3.1 Flash measured
GeneralLike-for-likePublic boards, shown as published, kept out of the index01
General benchmarks for DeepSeek V3.2 and MiniMax M3.1 Flash
BenchmarkDeepSeek V3.2MiniMax M3.1 FlashLeader
Vals IndexNot measured53.8%Only MiniMax M3.1 Flash measured
LiveBench data analysisNot measured71.4%Only MiniMax M3.1 Flash measured
IFBench60.7%Not measuredOnly DeepSeek V3.2 measured
Long context reasoning (AA-LCR)73.3%79.7%MiniMax M3.1 Flash
DTBench85.6%Not measuredOnly DeepSeek V3.2 measured
LMCA28.8%Not measuredOnly DeepSeek V3.2 measured
CL-bench12.4%Not measuredOnly DeepSeek V3.2 measured
CL-bench Life7.4%Not measuredOnly DeepSeek V3.2 measured
LMArena Text1425Not measuredOnly DeepSeek V3.2 measured
LMArena Text: instruction following1413Not measuredOnly DeepSeek V3.2 measured
LMArena Text: creative writing1400Not measuredOnly DeepSeek V3.2 measured
LMArena Text: English1439Not measuredOnly DeepSeek V3.2 measured
LMArena Text: non-English1409Not measuredOnly DeepSeek V3.2 measured
LMArena Text: Chinese1455Not measuredOnly DeepSeek V3.2 measured
LMArena Text: German1413Not measuredOnly DeepSeek V3.2 measured
LMArena Text: Japanese1374Not measuredOnly DeepSeek V3.2 measured
LMArena Text: Korean1370Not measuredOnly DeepSeek V3.2 measured
LMArena Text: French1429Not measuredOnly DeepSeek V3.2 measured
LMArena Text: Spanish1424Not measuredOnly DeepSeek V3.2 measured
LMArena Text: Russian1424Not measuredOnly DeepSeek V3.2 measured
LMArena Text: Polish1419Not measuredOnly DeepSeek V3.2 measured
LMArena Text: multi-turn1427Not measuredOnly DeepSeek V3.2 measured
LMArena Text: longer queries1428Not measuredOnly DeepSeek V3.2 measured
LMArena Text: writing and language1407Not measuredOnly DeepSeek V3.2 measured
LMArena Text: entertainment and media1395Not measuredOnly DeepSeek V3.2 measured
Neither model has a result on the other 23 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for DeepSeek V3.2 and MiniMax M3.1 Flash
BenchmarkDeepSeek V3.2MiniMax M3.1 FlashLeader
Neither model has a result on 5 boards here

What each workload costs

Three fixed token mixes at each model's listed price, so per-token rates become a bill.

Chat turn

1K input + 500 output tokens

DeepSeek V3.2$0.0007Fits in one request
MiniMax M3.1 Flash$0.0004Fits in one request

MiniMax M3.1 Flash costs less

Repository review

50K input + 3K output tokens

DeepSeek V3.2$0.017Fits in one request
MiniMax M3.1 Flash$0.0093Fits in one request

MiniMax M3.1 Flash costs less

Agent loop

200K input + 10K output tokens

DeepSeek V3.2$0.067Exceeds the context window
MiniMax M3.1 Flash$0.036Fits in one request

MiniMax M3.1 Flash costs less

Listed OpenRouter rates, without cache or batch discounts. A workload that does not fit a model's context window would need splitting.

Specification differences

The leading value in a row is marked; a row with a missing value names no leader. Our two rows are marked in red.

Specifications of DeepSeek V3.2 and MiniMax M3.1 Flash
SpecificationDeepSeek V3.2MiniMax M3.1 Flash
MakerDeepSeekMiniMax
WeightsOpen weightsNo public weights listed
ReleasedDecember 1, 2025October 19, 2026
Context window164K1M
Input $/Mtok$0.29$0.15
Output $/Mtok$0.88$0.60
Coding index30.059.0
Independent measurements behind it34
Cost per solved task$0.99Not computable
SourceOpenRouter listingOpenRouter listing

Questions

Is DeepSeek V3.2 better than MiniMax M3.1 Flash for coding?

Pick MiniMax M3.1 Flash for coding: it scores 59.0 on the Vibe Coding Index against 30.0 for DeepSeek V3.2. DeepSeek V3.2 is neither cheaper nor larger in context, and leads no benchmark both models were measured on.

Which is cheaper, DeepSeek V3.2 or MiniMax M3.1 Flash?

DeepSeek V3.2 costs $0.29 per million input tokens and $0.88 per million output tokens; MiniMax M3.1 Flash costs $0.15 and $0.60. Cost per solved task is known for DeepSeek V3.2 only.

Which has the bigger context window, DeepSeek V3.2 or MiniMax M3.1 Flash?

MiniMax M3.1 Flash, with 1M tokens against 164K.

How many benchmarks is the DeepSeek V3.2 vs MiniMax M3.1 Flash comparison based on?

7 benchmarks have a result for both models as of October 22, 2026. DeepSeek V3.2's coding index rests on 3 independent benchmarks and MiniMax M3.1 Flash's on 4. Where only one model has a result, the page says so instead of naming a winner.

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