MiniMax M3.1 Flash vs DeepSeek V4.1 Flash

Quick Answer

These are the two leading low-cost open-weight models for agent execution, and they are closer than most comparisons. DeepSeek V4.1 Flash scores slightly higher on the independent index we track and generates about twice as fast. MiniMax M3.1 Flash is cheaper at peak hours and finished the same benchmark at slightly lower cost per task. DeepSeek has the more permissive license.

If speed and an MIT license matter, start with DeepSeek. If you run heavily during DeepSeek’s peak hours or want flat pricing, MiniMax is a strong alternative. Many teams will route between both.

At a Glance

MiniMax M3.1 FlashDeepSeek V4.1 Flash
ReleasedGA Oct 19, 2026; weights Oct 23Sept 10, 2026; 1017 checkpoint Oct 17
Parameters~428B total, 23B active552B total, ~8B to 16B active
Context1M, flat pricing at all lengths1M (384K max output)
InputText, image, videoText, image
Input price (per 1M)$0.15$0.30 peak / $0.15 off-peak
Cached input (per 1M)$0.015$0.006 peak / $0.003 off-peak
Output price (per 1M)$0.60$1.20 peak / $0.60 off-peak
AA Intelligence Index (v4.3.2)4345 (1017)
AA cost per index task~$0.22~$0.26
AA output speed~96 tokens/s~195 tokens/s
AA output tokens for the index~180M~210M
LicenseMiniMax Community LicenseMIT
Weights size~252GB~510GB (FP8)

DeepSeek’s peak hours are 01:00 to 04:00 and 06:00 to 10:00 UTC on weekdays. Prices from each vendor’s own API; third-party hosts charge differently.

Pricing in Practice

DeepSeek’s time-of-day billing makes the comparison depend on when you run. A batch job scheduled overnight in UTC pays the same per token on either model. Interactive work during European mornings falls in DeepSeek’s peak window and costs twice as much. MiniMax charges the same rate at every hour and every prompt length, which is easier to budget.

Both models are verbose reasoners, and that affects real cost more than the rate card. They used 180M to 210M output tokens on Artificial Analysis’s index, roughly double a typical model. Per task, the two land within a few cents of each other. Track cost per completed task and output token efficiency, including retries, rather than headline prices.

Speed

DeepSeek generates about twice as many tokens per second. For interactive coding assistants, chat-based agents, or anything where a person waits, that is noticeable. For background batch work, it matters less.

Coding and Agent Use

Both are built for coding, tool use, and agent execution. DeepSeek reports strong agentic coding results on its own model card, such as 74.2 on DeepSWE v1.1 and 90.6 on Terminal-Bench 2.1 at maximum effort; MiniMax publishes its own agent benchmarks. Treat both sets as vendor-run. The independent two-point gap is small enough that your own evaluation should decide.

MiniMax accepts video input as well as images, which DeepSeek does not.

Self-Hosting and License

MiniMax’s checkpoint is about half the size of DeepSeek’s (252GB versus 510GB), which lowers the hardware bar. DeepSeek’s MIT license is simpler for commercial use than the MiniMax Community License’s attribution and revenue-threshold terms. Both companies are based in China; self-hosting avoids sending data to either hosted API.

Where They Fit in a Routing Setup

Both are natural worker models in a model routing setup: subagents that search and summarize, repetitive code edits, extraction and classification, and tool-calling loops. Neither is the right choice for hard architecture decisions or high-stakes judgment; escalate those with an evaluation gate. Because their strengths differ, a router could send latency-sensitive calls to DeepSeek and peak-hour batch work to MiniMax.

Choose MiniMax M3.1 Flash If

You run heavily during DeepSeek’s peak hours, you want flat pricing at every prompt length, you need video input, or you want the smaller self-hosting footprint.

Choose DeepSeek V4.1 Flash If

You want faster output, the slightly higher independent score, an MIT license, or the cheapest rates for off-peak and batch work.

When Neither Is Ideal

For hard reasoning steps, use a frontier model such as GPT-6.1 Sol or Claude Opus 5.5. For pure classification and routing decisions, the OpenAI Decisions API may be cheaper still. For the fastest output in the low-cost tier, look at Mercury 3.

Final Recommendation

On current evidence, the two are close enough that pricing windows, speed needs, and license preference should decide. DeepSeek V4.1 Flash is the slightly stronger, faster default; MiniMax M3.1 Flash is the better fit for flat-rate, peak-hour, or video-input work.

See also How to Make Cheaper AI Models Work Smarter.

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Frequently Asked Questions

Which is cheaper, MiniMax M3.1 Flash or DeepSeek V4.1 Flash?

On list price, MiniMax at peak hours: $0.15 input and $0.60 output per million tokens, flat all day, versus DeepSeek's $0.30 and $1.20 at peak. Off-peak, DeepSeek drops to $0.15 and $0.60, the same as MiniMax. On Artificial Analysis's per-task measure they are close: about $0.22 for MiniMax and $0.26 for DeepSeek V4.1 Flash-1017.

Which scores higher?

DeepSeek V4.1 Flash-1017 scores 45 on Artificial Analysis's Intelligence Index (v4.3.2), against 43 for MiniMax M3.1 Flash. A two-point gap on one index is small; test both on your own tasks.

Which is faster?

DeepSeek. Artificial Analysis measured about 195 output tokens per second for V4.1 Flash-1017 versus about 96 for MiniMax M3.1 Flash.

Are both open-weight?

Yes. DeepSeek V4.1 Flash is MIT-licensed. MiniMax released M3.1 Flash weights on October 23, 2026 under the MiniMax Community License, which reports say requires attribution on commercial deployments and written authorization above $20 million in annual revenue. Some benchmark sites still list MiniMax as proprietary because their listings predate the weight release.

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