MiniMax-M2 vs MiniMax-M3.
model vs model · prices as of
MiniMax-M3 takes 2 of 5 rounds against MiniMax-M2. It is also the cheaper of the two to run, at $1.58 per million tokens against $1.60.
MiniMaxMiniMax-M2
$1.60/M tokens
cheapest we can explain, at LLM Gateway · $0.18 per 1,000 pages
205k context · tool calling · open weights
MiniMaxwins 2 roundsMiniMax-M3
$1.58/M tokens
cheapest we can explain, at Empirio Labs · $0.189 per 1,000 pages
1M context · tool calling · reads images · open weights
List price in (lower wins)
$0.30/M
$0.30/M
List price out (lower wins)
$1.20/M
$1.20/M
Cheapest we can explain (lower wins)
$1.60/M at LLM Gateway
$1.58/M at Empirio Labs
Standard price (lower wins)
$2.10/M
$2.10/M
Cost per 1,000 pages (lower wins)
$0.18
$0.189
Context
205k tokens
1M tokens
Open weights
yes
yes
Tool calling
yes
yes
Structured output
not stated
not stated
Reads images
no
yes
Reasoning
yes
yes
Released
27 Oct 2025
1 Jun 2026
Providers selling it
22
55
Price we measure against
the maker's own
the maker's own
Trains on your prompts (no is better)
not stated
not stated
Providers selling both · 20
Nous Portal$1.79 / $1.65
LLM Gateway$1.60 / $2.10- MiniMax$1.79 / $2.10
OpenRouter$1.79 / $2.10
TrustedRouter$2.22 / $1.74
NanoGPT$2.04 / $2.10
Fireworks AI$2.10 / $2.10
Hugging Face Inference Providers$2.10 / $2.10
MiniMax-M2 then MiniMax-M3, per million tokens · showing the 8 cheapest of 20
Go further
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 ·
- MiniMax-M3Nous Portal$0.18 / $0.77 $0.23 / $0.9625% dearer ·
- MiniMax-M3
Cortecs$0.41 / $2.07 $0.41 / $2.051.0% cheaper · - MiniMax-M3
Requesty$0.40 / $2 $0.30 / $1.2034% cheaper ·
Frequently asked
- Which is cheaper, MiniMax-M2 or MiniMax-M3?
- MiniMax-M3, at $1.58 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-M3: $1.58 at Empirio Labs.
- Can I buy both from one provider?
- Yes. 20 providers sell both: Nous Portal, LLM Gateway, MiniMax, OpenRouter, TrustedRouter, NanoGPT, and more. The cheapest of them for the two together is Nous Portal.
- Which holds more context?
- MiniMax-M3, at 1M tokens against 205k.
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.