All models

DeepSeek V3.1 Terminus vs MiniMax M2 vs Grok 4.20

DeepSeek V3.1 Terminus at $0.310 in and $1.15 out, MiniMax M2 at $0.293 in and $1.17 out, and Grok 4.20 at $1.44 in and $2.88 out — per million tokens, from the same wallet.

D

DeepSeek V3.1 Terminus

DeepSeek

0.25¢

for a client proposal

$0.310 in · $1.15 out / 1M

131K context · released September 2025

Full page →
M

MiniMax M2

MiniMax

0.24¢

for a client proposal

$0.293 in · $1.17 out / 1M

205K context · released October 2025

Full page →
x

Grok 4.20

xAI

0.95¢

for a client proposal

$1.44 in · $2.88 out / 1M

2M context · released 4 months ago

Full page →

Asking all three at once — identical prompt, identical context — costs about 1.4¢ for a typical client proposal.

At a glance

  • Cheapest input: MiniMax M2 at $0.293 per million tokens.
  • Cheapest output: DeepSeek V3.1 Terminus at $1.15 per million tokens.
  • Largest context: Grok 4.20 at 2M tokens — about 2,900 pages.

Cost per task

Estimated totals at the rates above. Solid bar is input, lighter bar is output.

Quick code fix

2K in · 500 out
DeepSeek V3.1 Terminus
0.12¢
MiniMax M2
0.12¢
Grok 4.20
0.43¢

Draft a client proposal from notes

5K in · 800 out
DeepSeek V3.1 Terminus
0.25¢
MiniMax M2
0.24¢
Grok 4.20
0.95¢

Context-heavy session (Alyph workspace)

155K in · 4K out
DeepSeek V3.1 Terminus
needs 155K ctx
MiniMax M2
$0.05
Grok 4.20
$0.23

Analyze a 50-page legal contract

35K in · 1K out
DeepSeek V3.1 Terminus
1.2¢
MiniMax M2
1.1¢
Grok 4.20
$0.05

Large architecture refactor

250K in · 3K out
DeepSeek V3.1 Terminus
needs 250K ctx
MiniMax M2
needs 250K ctx
Grok 4.20
$0.74

Long-context rate applied at this input size.

Solid part of each bar is input tokens, the lighter part is output. Models that don’t fit a task are marked instead of priced.

Cost vs Token Amount

Drag the slider to adjust the split between input and output workload.

80% Input20% Output
free$1.73$3.450 tokens250k500k750k1000k
DeepSeek V3.1 Terminus
MiniMax M2
Grok 4.20

Adjust the ratio slider to change how output tokens influence the final price for equivalent workloads.

Pricing

DeepSeek V3.1 Terminus
MiniMax M2
Grok 4.20
Input / 1M tokens
$0.310
$0.293
$1.44
Output / 1M tokens
$1.15
$1.17
$2.88
Cached input / 1M
$0.155
$0.230
Web search
0.57¢ / search

Specs

DeepSeek V3.1 Terminus
MiniMax M2
Grok 4.20
Released
September 2025
October 2025
4 months ago
Context window
131K
205K
2M
Max output
33K
131K
Input
Text
Text
Text, Images, and Files
Output
Text
Text
Text
Reasoning
Shows its thinking
Shows its thinking
Shows its thinking
Knowledge cutoff
2025-03-31
2025-09-01

Try it with real numbers

2K tokens in · 500 tokens out.

DeepSeek V3.1 Terminus

DeepSeek

0.12¢

for this task

52% input · 48% output

Full pricing →

MiniMax M2

MiniMax

0.12¢

for this task

50% input · 50% output

Full pricing →

Grok 4.20

xAI

0.43¢

for this task

67% input · 33% output

Full pricing →

All 3, same prompt and context: 0.67¢. That is the entire cost of the comparison.

Your $5 welcome credit covers about 748 of these.

Which should you pick?

For long documents, Grok 4.20 has the largest context window here — 2M tokens.

On price, MiniMax M2 is the cheapest of the three on a typical task, at about 0.24¢.

For images or files, Grok 4.20 can read them directly; DeepSeek V3.1 Terminus and MiniMax M2 are text-only.

Or don’t pick. Send the identical prompt to all three, read the answers side by side, and keep the winner. How to run a fair bake-off →

Questions, answered

Which is cheapest — DeepSeek V3.1 Terminus, MiniMax M2, or Grok 4.20?

On a typical client proposal (5K tokens in, 800 out): MiniMax M2 at 0.24¢; DeepSeek V3.1 Terminus at 0.25¢; Grok 4.20 at 0.95¢. Long prompts can change the order when long-context rates apply.

Which has the largest context window?

Grok 4.20 — 2M tokens, about 2,900 pages.

Can I run DeepSeek V3.1 Terminus, MiniMax M2, and Grok 4.20 side by side on Alyph?

Yes — that is what Alyph is built for: the identical prompt with identical context to all 3, answers rendered side by side, billed from one wallet. This exact combination costs about 1.4¢ for a typical task.

Ask all three at once

Identical prompt, identical context, answers side by side — about 1.4¢ for a typical client proposal. Free to start, with $5 of credit.