Is DeepSeek V3.1 Terminus a good deal?

Whether anything in this catalogue beats DeepSeek V3.1 Terminus on both quality and price, and what you give up if it does. A computation on the current catalogue, not an opinion.

13 undominated of 136 · Sep 23, 2026

As of Sep 23, 2026, DeepSeek V3.1 Terminus is dominated for Balanced on LMArena. GLM 5.3 Flash scores 55.0 higher and costs 48% less, with a covering envelope. 13 of 136 rated, priced standard models are undominated.

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Current model

DeepSeek V3.1 Terminus

Balanced

3 tokens in per 1 out

GLM 5.3 Flash is both better and cheaper than DeepSeek V3.1 Terminus: 55.0 points higher on LMArena and 48% less per million tokens, $0.22 cheaper at this mix.

DeepSeek V3.1 Terminus

LMArena Elo · higher is better

Scale starts at 1040 Elo

1416.9

Effective $/M · Balanced · lower is better

$0.453/M

GLM 5.3 Flash

LMArena Elo · higher is better

Scale starts at 1040 Elo

1471.9

Effective $/M · Balanced · lower is better

$0.237/M

DeepSeek V3.1 Terminus takes text, returns up to 32,768 tokens from a 163,840-token context, and is listed by 4 sellers.

Compared against 136 rated, priced models on this lens: 9 models dominate it and give up nothing, 3 more dominate it but give something up. DeepSeek V3.1 Terminus scores 1416.9 at $0.45 per million tokens for this mix.

Envelope-safe replacements

Each row scores at least as high, costs no more, and covers this model’s context, output, modalities, tools, and reasoning. A cheaper narrower model is not listed here.

ModelLMArenaEffective $/MYou save
GLM 5.3 Flash1471.9 +55.0$0.237/M48%
Hy31440.6 +23.7$0.144/M68%
Gemma 4 26B A4B 1434.5 +17.6$0.143/M69%
DeepSeek V4 Flash 04231431.8 +14.9$0.103/M77%
GPT-5.6 Luna1429.9 +13.0$0.450/M1%
MiMo-V2.51427.4 +10.5$0.175/M61%
DeepSeek V3.21424.8 +7.9$0.302/M33%
DeepSeek V3.2 Exp1422.6 +5.7$0.305/M33%
DeepSeek V3.11419.7 +2.8$0.425/M6%

Higher score, lower price, named losses

Not a drop-in. The loss is why these are not a recommendation.

ModelLMArenaEffective $/MYou give up
Gemma 4 31B1441.7$0.153/Mmax output
Qwen3 235B A22B Instruct 25071419.8$0.153/Mreasoning
Qwen3 Next 80B A3B Instruct1417.6$0.343/Mmax output, reasoning
GLM 5.3 Flash1471.9 · $0.237/MDeepSeek V3.1 Terminus1416.9 · $0.453/MLMArena EloEffective $/M · Balanced
136 rated, priced standard models. Chartreuse is the frontier. Cobalt is the model you named, when it is not on the staircase.

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