Compare/Qwen3 Coder Next vs MiniMax-M2

Qwen3 Coder NextvsMiniMax-M2

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

Alibaba

Qwen3 Coder Next

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

MiniMax-M2

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

Winner by Category

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

Pricing Comparison

MetricQwen3 Coder NextMiniMax-M2
Input ($/M tokens)$0.35$0.3
Output ($/M tokens)$1.2$1.2
Cost for 1M input + 100K output tokens:
Qwen3 Coder Next$0.47
MiniMax-M2$0.42

Speed Comparison

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

Benchmark Comparison

Data from Artificial Analysis API — 12 benchmarks

Intelligence Index
28.336.1
Coding Index
22.929.2
Math Index
78.3
GPQA Diamond
73.7%77.7%
MMLU-Pro
82.0%
LiveCodeBench
82.6%
AIME 2025
78.3%
MATH-500
Humanity's Last Exam
9.3%12.5%
SciCode
32.3%36.1%
IFBench
35.2%72.3%
TerminalBench
18.2%25.8%
Qwen3 Coder Next0 wins
11 winsMiniMax-M2

Frequently Asked Questions

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

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. Qwen3 Coder Next also has lower time-to-first-token (0.98s vs 1.72s).

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

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.