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DeepSeek V4 Pro 0423 vs MiniMax M2.1

DeepSeek V4 Pro 0423 leads MiniMax M2.1 on the Artificial Analysis Intelligence Index, 30.4 to 20.9, and MiniMax M2.1 costs 2.5x less per output token ($1.20 vs $2.976 per million). Updated October 22, 2026; 19 benchmarks have a result for both.

DeepSeek V4 Pro 0423DeepSeek
Coding
38.7
Overall
50.0
Output $/M
$2.976
16
MiniMax M2.1MiniMax
Coding
No data
Overall
No data
Output $/M
$1.20
3
vs boards won of 19 shared

DeepSeek V4 Pro 0423 or MiniMax M2.1: which to pick

Only DeepSeek V4 Pro 0423 has a coding score, 38.7 on the Vibe Coding Index; MiniMax M2.1 has none, so the two cannot be ranked on coding.

Pick MiniMax M2.1 for output tokens 2.5x cheaper ($1.20 vs $2.976 per million) and work measured by Design Arena: UI components or Design Arena: data viz, where it leads.

Shared results
19
DeepSeek V4 Pro 0423 only
65
MiniMax M2.1 only
15
Like-for-like categories
6 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 V4 Pro 0423 38.7 from 5 benchmarks, MiniMax M2.1 not benchmarked.
Widest category
Reasoning, 10.8 points apart on average over 1 shared benchmark.
Widest single gap
ALE-Bench: DeepSeek V4 Pro 0423 1006.1 against MiniMax M2.1 623.8, 12.7 points apart on a 0 to 100 scale.
Output price
DeepSeek V4 Pro 0423 $2.976 against MiniMax M2.1 $1.20 per million output tokens, 2.5x apart.
Context window
DeepSeek V4 Pro 0423 takes 1.05M tokens, MiniMax M2.1 205K.

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 V4 Pro 0423BarsMiniMax M2.1Ties
Coding30
Intelligence10
Reasoning10
Knowledge60
Web design52
General01
All shared boards163
CodingLike-for-likeSix of these boards feed the Vibe Coding Index30
Coding benchmarks for DeepSeek V4 Pro 0423 and MiniMax M2.1
BenchmarkDeepSeek V4 Pro 0423MiniMax M2.1Leader
LMArena WebDev1447Not measuredOnly DeepSeek V4 Pro 0423 measured
AA Coding Index59.4Not measuredOnly DeepSeek V4 Pro 0423 measured
LiveCodeBench (Vals AI)87.5%81.8%DeepSeek V4 Pro 0423
SWE-bench Verified (Vals AI)77.4%74.8%DeepSeek V4 Pro 0423
Terminal-Bench 4 (Vals AI)11.1%Not measuredOnly DeepSeek V4 Pro 0423 measured
Vibe Code Bench (Vals AI)49.9%Not measuredOnly DeepSeek V4 Pro 0423 measured
Code migration (Vals AI)26.2%Not measuredOnly DeepSeek V4 Pro 0423 measured
ProgramBench (Vals AI)0.0%Not measuredOnly DeepSeek V4 Pro 0423 measured
Terminal-Bench 2.1 (Vals AI)50.2%Not measuredOnly DeepSeek V4 Pro 0423 measured
SkillsBench (Vals AI)51.3%Not measuredOnly DeepSeek V4 Pro 0423 measured
LiveCodeBench (Artificial Analysis run)Not measured81.0%Only MiniMax M2.1 measured
Terminal-Bench Hard (Artificial Analysis run)Not measured28.8%Only MiniMax M2.1 measured
Terminal-BenchNot measured36.6%Only MiniMax M2.1 measured
FrontierCode17.6%Not measuredOnly DeepSeek V4 Pro 0423 measured
WeirdML48.9%Not measuredOnly DeepSeek V4 Pro 0423 measured
ALE-Bench1006.1623.8DeepSeek V4 Pro 0423
LMArena Text: coding1470Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: software and IT1469Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena WebDev: React1441Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena WebDev: HTML1435Not measuredOnly DeepSeek V4 Pro 0423 measured
Neither model has a result on the other 19 boards here
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index10
Intelligence benchmarks for DeepSeek V4 Pro 0423 and MiniMax M2.1
BenchmarkDeepSeek V4 Pro 0423MiniMax M2.1Leader
AA Intelligence Index30.420.9DeepSeek V4 Pro 0423
Epoch Capabilities Index149.1Not measuredOnly DeepSeek V4 Pro 0423 measured
Agentic workDirectional onlyPublic boards, shown as published, kept out of the index10 boards, none shared
Agentic work benchmarks for DeepSeek V4 Pro 0423 and MiniMax M2.1
BenchmarkDeepSeek V4 Pro 0423MiniMax M2.1Leader
AA Agentic Index26.3Not measuredOnly DeepSeek V4 Pro 0423 measured
Design Arena: agents building web apps1000Not measuredOnly DeepSeek V4 Pro 0423 measured
Design Arena: agents building full-stack apps948Not measuredOnly DeepSeek V4 Pro 0423 measured
Design Arena: agents building Godot games1059Not measuredOnly DeepSeek V4 Pro 0423 measured
Finance Agent (Vals AI)44.1%Not measuredOnly DeepSeek V4 Pro 0423 measured
Tax Agent Bench (Vals AI)25.2%Not measuredOnly DeepSeek V4 Pro 0423 measured
Legal Research Bench (Vals AI)23.1%Not measuredOnly DeepSeek V4 Pro 0423 measured
Excel Modeling Benchmark (Vals AI)51.6%Not measuredOnly DeepSeek V4 Pro 0423 measured
τ²-Bench TelecomNot measured85.4%Only MiniMax M2.1 measured
Vending-Bench 2$3,285Not measuredOnly DeepSeek V4 Pro 0423 measured
Neither model has a result on the other 31 boards here
ReasoningLike-for-likePublic boards, shown as published, kept out of the index10
Reasoning benchmarks for DeepSeek V4 Pro 0423 and MiniMax M2.1
BenchmarkDeepSeek V4 Pro 0423MiniMax M2.1Leader
GPQA Diamond89.4%78.5%DeepSeek V4 Pro 0423
GPQA Diamond (Artificial Analysis run)Not measured83.0%Only MiniMax M2.1 measured
Humanity's Last Exam (Artificial Analysis run)Not measured23.2%Only MiniMax M2.1 measured
GPQA Diamond (Epoch AI run)90.9%Not measuredOnly DeepSeek V4 Pro 0423 measured
Chess puzzles19.0%Not measuredOnly DeepSeek V4 Pro 0423 measured
Mystery game puzzles17.0%Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: hard prompts1461Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: expert1463Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: hard prompts in English1466Not measuredOnly DeepSeek V4 Pro 0423 measured
Kagi LLM Benchmark53.5%Not measuredOnly DeepSeek V4 Pro 0423 measured
Neither model has a result on the other 12 boards here
MathDirectional onlyPublic boards, shown as published, kept out of the index11 boards, none shared
Math benchmarks for DeepSeek V4 Pro 0423 and MiniMax M2.1
BenchmarkDeepSeek V4 Pro 0423MiniMax M2.1Leader
AIMENot measured77.9%Only MiniMax M2.1 measured
MATH 500 (Vals AI)Not measured89.0%Only MiniMax M2.1 measured
MGSM (Vals AI)Not measured87.8%Only MiniMax M2.1 measured
AA Math IndexNot measured82.7Only MiniMax M2.1 measured
AIME 2025 (Artificial Analysis run)Not measured82.7%Only MiniMax M2.1 measured
OTIS Mock AIME96.7%Not measuredOnly DeepSeek V4 Pro 0423 measured
FrontierMath, tiers 1 to 345.3%Not measuredOnly DeepSeek V4 Pro 0423 measured
FrontierMath, tier 42.4%Not measuredOnly DeepSeek V4 Pro 0423 measured
ProofBench16.0%Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: math1443Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: mathematical work1455Not measuredOnly DeepSeek V4 Pro 0423 measured
Neither model has a result on the other 2 boards here
KnowledgeLike-for-likePublic boards, shown as published, kept out of the index60
Knowledge benchmarks for DeepSeek V4 Pro 0423 and MiniMax M2.1
BenchmarkDeepSeek V4 Pro 0423MiniMax M2.1Leader
MMLU Pro87.3%87.0%DeepSeek V4 Pro 0423
LegalBench (Vals AI)80.3%75.5%DeepSeek V4 Pro 0423
CaseLaw (Vals AI)59.4%55.8%DeepSeek V4 Pro 0423
CorpFin (Vals AI)61.4%58.9%DeepSeek V4 Pro 0423
TaxEval (Vals AI)72.1%66.3%DeepSeek V4 Pro 0423
MedQA (Vals AI)Not measured91.2%Only MiniMax M2.1 measured
MedCode (Vals AI)40.5%34.1%DeepSeek V4 Pro 0423
MMLU Pro (Artificial Analysis run)Not measured87.5%Only MiniMax M2.1 measured
SimpleQA Verified47.0%Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: science1470Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: medicine and healthcare1466Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: legal and government1464Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: business and finance1443Not measuredOnly DeepSeek V4 Pro 0423 measured
Neither model has a result on the other 5 boards here
Web designLike-for-likePublic boards, shown as published, kept out of the index52
Web design benchmarks for DeepSeek V4 Pro 0423 and MiniMax M2.1
BenchmarkDeepSeek V4 Pro 0423MiniMax M2.1Leader
Design Arena: websites12341201DeepSeek V4 Pro 0423
Design Arena: UI components12191220MiniMax M2.1
Design Arena: game dev12281134DeepSeek V4 Pro 0423
Design Arena: data viz12031206MiniMax M2.1
Design Arena: 3D12531164DeepSeek V4 Pro 0423
Design Arena: all code categories12401190DeepSeek V4 Pro 0423
Design Arena: SVG11391131DeepSeek V4 Pro 0423
Design Arena: ASCII art1149Not measuredOnly DeepSeek V4 Pro 0423 measured
Neither model has a result on the other 1 board here
GeneralLike-for-likePublic boards, shown as published, kept out of the index01
General benchmarks for DeepSeek V4 Pro 0423 and MiniMax M2.1
BenchmarkDeepSeek V4 Pro 0423MiniMax M2.1Leader
Public Benefits Bench (Vals AI)62.9%Not measuredOnly DeepSeek V4 Pro 0423 measured
MedScribe (Vals AI)75.1%80.8%MiniMax M2.1
IFBenchNot measured69.9%Only MiniMax M2.1 measured
Long context reasoning (AA-LCR)Not measured67.7%Only MiniMax M2.1 measured
DTBench90.7%Not measuredOnly DeepSeek V4 Pro 0423 measured
LMCA41.2%Not measuredOnly DeepSeek V4 Pro 0423 measured
Surface Evolver Bench40.0%Not measuredOnly DeepSeek V4 Pro 0423 measured
CL-bench Life13.5%Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text1451Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: instruction following1445Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: creative writing1446Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: English1459Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: non-English1439Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: Chinese1481Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: German1458Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: Japanese1446Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: Korean1409Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: French1473Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: Spanish1457Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: Russian1453Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: Polish1461Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: multi-turn1468Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: longer queries1458Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: writing and language1447Not measuredOnly DeepSeek V4 Pro 0423 measured
LMArena Text: entertainment and media1431Not measuredOnly DeepSeek V4 Pro 0423 measured
Neither model has a result on the other 21 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for DeepSeek V4 Pro 0423 and MiniMax M2.1
BenchmarkDeepSeek V4 Pro 0423MiniMax M2.1Leader
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 V4 Pro 0423$0.0028Fits in one request
MiniMax M2.1$0.0009Fits in one request

MiniMax M2.1 costs less

Repository review

50K input + 3K output tokens

DeepSeek V4 Pro 0423$0.077Fits in one request
MiniMax M2.1$0.019Fits in one request

MiniMax M2.1 costs less

Agent loop

200K input + 10K output tokens

DeepSeek V4 Pro 0423$0.301Fits in one request
MiniMax M2.1$0.072Exceeds the context window

MiniMax M2.1 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 V4 Pro 0423 and MiniMax M2.1
SpecificationDeepSeek V4 Pro 0423MiniMax M2.1
MakerDeepSeekMiniMax
WeightsOpen weightsOpen weights
ReleasedApril 24, 2026December 23, 2025
Context window1.05M205K
Input $/Mtok$1.358$0.30
Output $/Mtok$2.976$1.20
Coding index38.7Not benchmarked
Independent measurements behind it51
Cost per solved task$0.57$0.59
SourceOpenRouter listingOpenRouter listing

Questions

Is DeepSeek V4 Pro 0423 better than MiniMax M2.1 for coding?

Only DeepSeek V4 Pro 0423 has a coding score, 38.7 on the Vibe Coding Index; MiniMax M2.1 has none, so the two cannot be ranked on coding. Pick MiniMax M2.1 for output tokens 2.5x cheaper ($1.20 vs $2.976 per million) and work measured by Design Arena: UI components or Design Arena: data viz, where it leads.

Which is cheaper, DeepSeek V4 Pro 0423 or MiniMax M2.1?

DeepSeek V4 Pro 0423 costs $1.358 per million input tokens and $2.976 per million output tokens; MiniMax M2.1 costs $0.30 and $1.20. Per solved SWE-bench Verified task, DeepSeek V4 Pro 0423 costs $0.57 and MiniMax M2.1 $0.59.

Which has the bigger context window, DeepSeek V4 Pro 0423 or MiniMax M2.1?

DeepSeek V4 Pro 0423, with 1.05M tokens against 205K.

How many benchmarks is the DeepSeek V4 Pro 0423 vs MiniMax M2.1 comparison based on?

19 benchmarks have a result for both models as of October 22, 2026. DeepSeek V4 Pro 0423's coding index rests on 5 independent benchmarks and MiniMax M2.1's on 1. Where only one model has a result, the page says so instead of naming a winner.

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