MiniMax M2.1 Lightning vs MiniMax-M2.5 Lightning

Prices checked

MiniMax M2.1 Lightning and MiniMax-M2.5 Lightning split the 5 rounds this table counts: the maker's two prices, the cheapest price, the maker's blended price and context. The weighting you pick decides the rest.

MiniMax

MiniMax M2.1 Lightning

197k context · open weights

$0.21/M tokens

Cheapest price, at LLM Gateway · $0.10 per 1,000 pages

MiniMax

MiniMax-M2.5 Lightning

205k context · tool calling

$0.82/M tokens

MiniMax's own price · $0.32 per 1,000 pages

Maker's price in (lower wins)

$0.30/M

$0.30/M

Maker's price out (lower wins)

$2.40/M

$2.40/M

Cheapest price (lower wins)

$0.21/M at LLM Gateway

none below the maker

Maker's price, blended (lower wins)

$0.82/M

$0.82/M

Cost per 1,000 pages (lower wins)

$0.10

$0.32

Context

197k tokens

205k tokens

Open weights

yes

no

Tool calling

no

yes

Structured output

no

not published

Reads images

no

no

Reasoning

yes

yes

Released

23 Dec 2025

13 Feb 2026

Providers selling it

3

3

Price we measure against

the maker's own

the maker's own

Trains on your prompts (no is better)

not published

no provider to check

Providers selling both · 2

  • MiniMax$0.82 / $0.82
  • Ofox$0.82 / $0.82

MiniMax M2.1 Lightning, then MiniMax-M2.5 Lightning, per million tokens.

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Frequently asked

Which is cheaper, MiniMax M2.1 Lightning or MiniMax-M2.5 Lightning?
MiniMax M2.1 Lightning, at $0.21 per million tokens against $0.82 for MiniMax-M2.5 Lightning, blended 3 in : 1 out, read on 21 Oct 2026.
Where is each one cheapest?
MiniMax M2.1 Lightning: $0.21 at LLM Gateway. MiniMax-M2.5 Lightning: nobody sells it below the maker's own price with a stated reason, so $0.82 is the number to beat.
Can I buy both from one provider?
Yes. 2 providers sell both: MiniMax, Ofox. The cheapest of them for the two together is MiniMax.
Which holds more context?
MiniMax-M2.5 Lightning, at 205k tokens against 197k.

Prices exclude tax, read 21 Oct 2026 from each provider's own catalog. They are per M tokens, blended 3 in : 1 out, and a page is 600 tokens in and 60 out. Bars are scaled to the larger value in each row.

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