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9 undominated of 134 · Aug 28, 2026
As of Aug 28, 2026, MiniMax M2 is dominated for Balanced on LMArena. DeepSeek V4 Flash 0423 scores 89.5 higher and costs 77% less, with a covering envelope. 9 of 134 rated, priced standard models are undominated.
DeepSeek V4 Flash 0423 is both better and cheaper than MiniMax M2.
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.
| Model | LMArena | Effective $/M | You save |
|---|---|---|---|
| DeepSeek V4 Flash 0423 | 1431.6 +89.5 | $0.101/M | 77% |
| MiMo-V2.5 | 1427.3 +85.2 | $0.175/M | 61% |
| Solar Pro 4 | 1376.2 +34.1 | $0.052/M | 88% |
Higher score, lower price, named losses
Not a drop-in. The loss is why these are not a recommendation.
| Model | LMArena | Effective $/M | You give up |
|---|---|---|---|
| Gemma 4 31B | 1441.7 | $0.153/M | max output |
| Hy3 | 1441.2 | $0.144/M | max output |
| Gemma 4 26B A4B | 1434.6 | $0.138/M | max output |
| DeepSeek V3.2 | 1424.6 | $0.290/M | context |
| DeepSeek V3.2 Exp | 1424.4 | $0.305/M | context, max output |
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