// head_to_head
DeepSeek V4 Pro 0423 vs MiniMax M3
Published LiveBench scores across all seven categories, live list pricing, context windows, and the measured cost of a point of capability — for both models, side by side.
DeepSeek V4 Pro 0423 scores higher, MiniMax M3 costs less — it depends on your workload.
DeepSeek V4 Pro 0423 is ahead by 4.3 points overall, and MiniMax M3 lists 27% cheaper per blended million tokens. Whether 4.3 points is worth that depends on how much a wrong answer costs you. The two cost measures disagree here, which is worth knowing: MiniMax M3 has the lower sticker price, but DeepSeek V4 Pro 0423 earns each point of capability for less — $0.0261 against $0.0339 — because per-token rates do not predict how many tokens a model actually spends on a task.
deepseek
DeepSeek V4 Pro 0423
- Blended / 1M
- $0.665
- Context
- 1.0M
- Released
- Apr 24, 2026
- Overall score
- 71.6
minimax
MiniMax M3
- Blended / 1M
- $0.525
- Context
- 1.0M
- Released
- May 31, 2026
- Overall score
- 67.3
Specs and pricing
| Metric | DeepSeek V4 Pro 0423 | MiniMax M3 |
|---|---|---|
| LiveBench overall Mean of the seven LiveBench category scores, 0–100. Higher is better. | 71.6win | 67.3 |
| Cost per point Measured benchmark spend divided by overall score — dollars per point of capability. | $0.0261win | $0.0339 |
| Blended price / 1M 3:1 input:output mix, the usual shape of production traffic. | $0.665 | $0.525win |
| Input price / 1M | $0.532 | $0.300win |
| Output price / 1M | $1.06win | $1.20 |
| Cached input / 1M Price of an input token served from the prompt cache, where the provider publishes one. | $0.044win | $0.060 |
| Context window | 1.0M | 1.0M |
| Max output tokens | 384K | 512Kwin |
Benchmarks by category
An overall score averages away the thing you probably care about. These are the seven LiveBench categories scored separately — DeepSeek V4 Pro 0423 on top, MiniMax M3 below, both out of 100.
What each one costs to run
Per-token prices are hard to feel. These are monthly list costs for both models across five workload shapes, using each provider's published cached-input rate where there is one.
| Workload | DeepSeek V4 Pro 0423 | MiniMax M3 |
|---|---|---|
| Support chatbot 1.2K in / 400 out × 200K requests | $177.72/mo | $150.72/mo |
| RAG assistant 8K in / 600 out × 100K requests | $294.42/mo | $216.00/mo |
| Coding agent 40K in / 4K out × 20K requests | $237.67/mo | $201.60/mo |
| Document extraction 20K in / 1.5K out × 50K requests | $587.52/mo | $378.00/mo |
| Bulk classification 500 in / 20 out × 5M requests | $1192.77/mo | $750.00/mo |
Which should you pick?
You are running this at volume
DeepSeek V4 Pro 0423
Lowest measured cost per point of capability at $0.0261 per point — the gap compounds with every request.
Quality matters more than the bill
DeepSeek V4 Pro 0423
Highest overall LiveBench score of the two at 71.6.
The workload is coding or agentic work
DeepSeek V4 Pro 0423
Leads on agentic coding — 42.6 against 40.7.
You are cost-constrained
MiniMax M3
Cheaper on blended list price at $0.525 per million tokens.
DeepSeek V4 Pro 0423 vs MiniMax M3 FAQ
Which is better, DeepSeek V4 Pro 0423 or MiniMax M3?
DeepSeek V4 Pro 0423 scores higher, MiniMax M3 costs less — it depends on your workload. DeepSeek V4 Pro 0423 is ahead by 4.3 points overall, and MiniMax M3 lists 27% cheaper per blended million tokens. Whether 4.3 points is worth that depends on how much a wrong answer costs you. The two cost measures disagree here, which is worth knowing: MiniMax M3 has the lower sticker price, but DeepSeek V4 Pro 0423 earns each point of capability for less — $0.0261 against $0.0339 — because per-token rates do not predict how many tokens a model actually spends on a task.
Is DeepSeek V4 Pro 0423 cheaper than MiniMax M3?
MiniMax M3 is cheaper. On a 3:1 input:output blend, DeepSeek V4 Pro 0423 lists at $0.665 per million tokens and MiniMax M3 at $0.525 — MiniMax M3 is 27% cheaper. Input and output are priced separately — DeepSeek V4 Pro 0423 charges $0.532 in and $1.06 out, MiniMax M3 charges $0.300 and $1.20 — so the model that looks cheaper flips depending on how output-heavy your workload is.
DeepSeek V4 Pro 0423 vs MiniMax M3: which scores higher on benchmarks?
DeepSeek V4 Pro 0423 scores 71.6 and MiniMax M3 scores 67.3 overall on LiveBench, the mean of its seven categories. That is a 4.3-point lead for DeepSeek V4 Pro 0423. Category scores differ from the overall figure — a model can lead on reasoning and trail on coding, which the per-category table above breaks out.
Which gives better value for money, DeepSeek V4 Pro 0423 or MiniMax M3?
DeepSeek V4 Pro 0423. Cost per point divides the measured dollars LiveBench spent running the benchmark by the score it earned, so it captures something token pricing misses: a reasoning model can emit many times more tokens than its per-token rate suggests. DeepSeek V4 Pro 0423 works out at $0.0261 per point and MiniMax M3 at $0.0339.
Does DeepSeek V4 Pro 0423 or MiniMax M3 have a bigger context window?
They are effectively the same — 1.0M for DeepSeek V4 Pro 0423 and 1.0M for MiniMax M3.
Do DeepSeek V4 Pro 0423 and MiniMax M3 support prompt caching?
Both publish a cached-input rate: $0.044 per million for DeepSeek V4 Pro 0423 and $0.060 for MiniMax M3, against full input rates of $0.532 and $0.300. On a workload with a long stable prefix — a system prompt, a tool schema, a retrieved corpus — that changes the economics more than the headline price does.
Related comparisons
How these numbers are produced
- Price — provider list price from OpenRouter, refreshed every 15 minutes. “Blended” is a 3:1 input:output mix.
- Scores — LiveBench release 2026-06-25, using their own category map. Each model shows its strongest published run. A blank means “not evaluated”, never “bad”.
- Cost per point — the measured dollars LiveBench spent on the run, divided by the score it earned.
- “Win” — awarded only past a threshold: one full point on a benchmark score, 10% on a price, 25% on a context window. Anything tighter reports as a tie, because effort settings alone move a LiveBench score by more than that.
Published benchmarks rank models on someone else's tasks. Before committing, see LLM & agent evaluation for building an eval on your own.