Which is cheaper, MiniMax-M2 or MiniMax-M2.5?

MiniMax-M2.5, at $1.54 per million tokens against $1.60 for MiniMax-M2, three parts input to one part output, read on 16 Sept 2026.

Where is each one cheapest?

MiniMax-M2: $1.60 at LLM Gateway. MiniMax-M2.5: $1.54 at DInference.

Can I buy both from one provider?

Yes. 19 providers sell both: Nous Portal, OpenRouter, LLM Gateway, TrustedRouter, MiniMax, Poe, and more. The cheapest of them for the two together is Nous Portal.

Which holds more context?

Both hold 205k tokens in one call.

MiniMax-M2 vs MiniMax-M2.5.

model vs model · prices as of 16 Sept 2026

MiniMax-M2.5 takes 1 of 5 rounds against MiniMax-M2. It is also the cheaper of the two to run, at $1.54 per million tokens against $1.60.

MiniMax

MiniMax-M2

$1.60/M tokens

cheapest we can explain, at LLM Gateway · $0.18 per 1,000 pages

205k context · tool calling · open weights

LLM Gateway ↗

MiniMaxwins 1 rounds

MiniMax-M2.5

$1.54/M tokens

cheapest we can explain, at DInference · $0.185 per 1,000 pages

205k context · tool calling · open weights

List price in (lower wins)

$0.30/M

List price out (lower wins)

$1.20/M

Cheapest we can explain (lower wins)

$1.60/M at LLM Gateway

$1.54/M at DInference

Standard price (lower wins)

$2.10/M

Cost per 1,000 pages (lower wins)

$0.18

$0.185

Context

205k tokens

Open weights

yes

Tool calling

yes

Structured output

not stated

Reads images

Reasoning

yes

Released

27 Oct 2025

12 Feb 2026

Providers selling it

Price we measure against

the maker's own

Trains on your prompts (no is better)

not stated

Providers selling both · 19

Nous Portal$1.79 / $1.76
OpenRouter$1.79 / $1.89
LLM Gateway$1.60 / $2.10
TrustedRouter$2.22 / $1.65
MiniMax$1.79 / $2.10
Poe$2.12 / $1.78
NanoGPT$2.04 / $2.10
Eden AI$2.10 / $2.10

MiniMax-M2 then MiniMax-M2.5, per million tokens · showing the 8 cheapest of 19

Go further

open in the compare tool →every price for MiniMax-M2 every price for MiniMax-M2.5

Add a third or fourth model, or switch the weighting, in the tool.

What moved in the last seven days

MiniMax-M2Nous Portal$0.20 / $0.82 $0.26 / $1.0225% dearer · 16 Sept 2026
MiniMax-M2.5io.net Intelligence$0.35 / $1.37 $0.29 / $1.1815% cheaper · 16 Sept 2026
MiniMax-M2.5Nous Portal$0.22 / $0.76 $0.27 / $0.9525% dearer · 16 Sept 2026
MiniMax-M2.5Cortecs$0.31 / $1.24 $0.31 / $1.231.0% cheaper · 11 Sept 2026
MiniMax-M2.5OpenRouter$0.30 / $1.20 $0.27 / $1.0810% cheaper · 11 Sept 2026
MiniMax-M2.5Requesty$0.36 / $1.44 $0.30 / $1.2017% cheaper · 11 Sept 2026

Frequently asked

Which is cheaper, MiniMax-M2 or MiniMax-M2.5?: MiniMax-M2.5, at $1.54 per million tokens against $1.60 for MiniMax-M2, three parts input to one part output, read on 16 Sept 2026.
Where is each one cheapest?: MiniMax-M2: $1.60 at LLM Gateway. MiniMax-M2.5: $1.54 at DInference.
Can I buy both from one provider?: Yes. 19 providers sell both: Nous Portal, OpenRouter, LLM Gateway, TrustedRouter, MiniMax, Poe, and more. The cheapest of them for the two together is Nous Portal.
Which holds more context?: Both hold 205k tokens in one call.

Prices exclude tax and are per million tokens, read 16 Sept 2026 from each provider's own catalog. The standard price blends three parts input to one part output; a page is 600 tokens in and 60 out. Bars are scaled to the larger value in each row.