Compare/MiniMax-M2 vs Qwen3 Coder Next

MiniMax-M2vsQwen3 Coder Next

Side-by-side comparison of pricing, 12 benchmarks, and generation speed.

MiniMax

MiniMax-M2

Input
$0.3/M
Output
$1.2/M
Speed
49 tok/s
TTFT
1.72s
Alibaba

Qwen3 Coder Next

Input
$0.35/M
Output
$1.2/M
Speed
166 tok/s
TTFT
0.98s

Winner by Category

Cheaper
MiniMax-M2
Faster (tok/s)
Qwen3 Coder Next
Lower Latency
Qwen3 Coder Next
Benchmarks (11-0)
MiniMax-M2

Pricing Comparison

MetricMiniMax-M2Qwen3 Coder Next
Input ($/M tokens)$0.3$0.35
Output ($/M tokens)$1.2$1.2
Cost for 1M input + 100K output tokens:
MiniMax-M2$0.42
Qwen3 Coder Next$0.47

Speed Comparison

Output Speed (tokens/s) — higher is better
MiniMax-M2
49 tok/s
Qwen3 Coder Next
166 tok/s
Time to First Token (seconds) — lower is better
MiniMax-M2
1.72s
Qwen3 Coder Next
0.98s

Benchmark Comparison

Data from Artificial Analysis API — 12 benchmarks

Intelligence Index
36.128.3
Coding Index
29.222.9
Math Index
78.3
GPQA Diamond
77.7%73.7%
MMLU-Pro
82.0%
LiveCodeBench
82.6%
AIME 2025
78.3%
MATH-500
Humanity's Last Exam
12.5%9.3%
SciCode
36.1%32.3%
IFBench
72.3%35.2%
TerminalBench
25.8%18.2%
MiniMax-M211 wins
0 winsQwen3 Coder Next

Frequently Asked Questions

Which is cheaper, MiniMax-M2 or Qwen3 Coder Next?

MiniMax-M2 is cheaper overall. Its blended price (3:1 input/output ratio) is $0.53/M tokens vs $0.60/M for Qwen3 Coder Next.

Which model performs better on benchmarks?

MiniMax-M2 wins 11 out of 12 benchmarks compared to 0 for Qwen3 Coder Next. See the detailed benchmark chart above for per-category results.

Which is faster for real-time applications?

Qwen3 Coder Next generates tokens faster at 166 tok/s vs 49 tok/s. However, Qwen3 Coder Next has lower time-to-first-token (0.98s vs 1.72s).

When should I use MiniMax-M2 vs Qwen3 Coder Next?

Choose based on your priorities: MiniMax-M2 for lower cost, MiniMax-M2 for stronger benchmark performance, and Qwen3 Coder Next for faster generation. For latency-sensitive apps, check the TTFT comparison above.