MiniMax M2 vs Qwen3-Coder-Next
Benchmarks, API pricing and specs, head to head. Data updated 2026-06-10.
MiniMax M2
68.9MiniMax · Oct 2025
A 10B-active MoE tuned purely for agents and code — striking capability-per-active-parameter at rock-bottom prices.
Qwen3-Coder-Next
Alibaba (Qwen) · Feb 2026
The 2026 open coding specialist: 70.6% SWE-bench Verified under Apache 2.0 from $0.11 per million input tokens.
The verdict
Qwen3-Coder-Next wins 1 of the 1 benchmarks these models share, against 0 for MiniMax M2. Qwen3-Coder-Next is about 1.9x cheaper per blended million tokens (3:1 input:output mix). Qwen3-Coder-Next also takes 262K of context versus 205K for MiniMax M2.
Benchmark head-to-head 0–1
Specs & pricing
| MiniMax M2 | Qwen3-Coder-Next | |
|---|---|---|
| modhub Index | 68.9 | — |
| Input price / 1M | $0.3 | $0.11 |
| Output price / 1M | $1.2 | $0.8 |
| Context window | 205K | 262K |
| Max output | — | 66K |
| Open weights | yes (MIT) | yes (Apache 2.0) |
| Reasoning model | yes | yes |
| Multimodal input | text | text |
| Knowledge cutoff | Jun 2025 | Nov 2025 |
| Released | Oct 2025 | Feb 2026 |
| Example monthly cost* | $4.80 | $2.30 |
* 10M input + 1.5M output tokens per month at list prices, no caching. Green = better value on that row.
Frequently asked questions
- Which is better, MiniMax M2 or Qwen3-Coder-Next?
- Qwen3-Coder-Next wins 1 of the 1 benchmarks these models share, against 0 for MiniMax M2. Qwen3-Coder-Next is about 1.9x cheaper per blended million tokens (3:1 input:output mix). Qwen3-Coder-Next also takes 262K of context versus 205K for MiniMax M2.
- Which is cheaper, MiniMax M2 or Qwen3-Coder-Next?
- MiniMax M2 costs $0.3/$1.2 per million input/output tokens, while Qwen3-Coder-Next costs $0.11/$0.8. For a typical workload of 10M input and 1.5M output tokens per month, that's $4.80 versus $2.30.
- Which model is better for coding, MiniMax M2 or Qwen3-Coder-Next?
- On SWE-bench Verified — the standard agentic-coding benchmark — Qwen3-Coder-Next scores 70.6% versus 69.4% for MiniMax M2, making Qwen3-Coder-Next the stronger pick for coding agents.