// MiniMax
MiniMax-M2.5
A MiniMax model. 4 prices across 4 channels side by side, each with its source and check date – plus specs, licence, speed and benchmarks.
- Official in/out per 1M
- ¥2.1 / ¥8.4
- Lowest (AtlasCloud)
- $0.295 / $1.2
- Context
- 205K
- AA index
- 22.8
Prices checked 2026-10-22Official sources linked on every rowNo estimatesCheapest LLM APIs →
01Specs at a glance
Official values first; gaps filled from OpenRouter’s API where the vendor page is silent.
| Vendor | MiniMax |
|---|---|
| Context window | 205K (204,800 tokens) |
| Max output | 128K |
| Input | Text |
| Output | Text |
| Tool calling / JSON | Yes / Yes |
| Weights & licence | Open weights · modified-mit (custom) · Hugging Face |
| Parameters | 229B (from weight files) |
| Released | Feb 12, 2026 |
| Model IDs | MiniMax-M2.5 · minimax/minimax-m2.5 |
02Prices on 4 channels
Per 1M tokens, in the currency each source publishes (1 USD = 6.7 CNY for the blended column). Sorted: official first, then cheapest.
| Channel | Source | Input | Output | Cache hit | Blended $ | Context | Notes |
|---|---|---|---|---|---|---|---|
| Official Vendor’s China site, billed in CNY | Official 10-19 | ¥2.1 | ¥8.4 | ¥0.21 | 0.549 | 205K | Priority tier 1.5x; Not listed on the pay-as-you-go pricing page since 2026-10-20 (last seen 2026-10-19 at this price) |
| AtlasCloud · fp8 Via OpenRouter / provider listed there | OpenRouter 10-22 | $0.295 | $1.2 | $0.06 | 0.521 | 197K | AtlasCloud price as listed on OpenRouter (pass-through; quantization=fp8; discount field=0); not checked against AtlasCloud's own page |
| GMICloud · fp8 Via OpenRouter / provider listed there | OpenRouter 10-22 | $0.3 | $1.2 | $0.03 | 0.525 | 197K | GMICloud price as listed on OpenRouter (pass-through; quantization=fp8; discount field=0); not checked against GMICloud's own page |
| Novita · fp8 Via OpenRouter / provider listed there | OpenRouter 10-22 | $0.3 | $1.2 | $0.03 | 0.525 | 205K | Novita price as listed on OpenRouter (pass-through; quantization=fp8; discount field=0); not checked against Novita's own page |
“Official” = vendor pricing page; “Platform” = the platform’s own pricing page; “OpenRouter” = price listed on OpenRouter, not checked on the platform’s site. Click a source tag to open the original page.
03Where you can use it
Derived only from the price sources above. Country restrictions are set by each vendor – check their terms before you sign up.
- Vendor’s China site, billed in CNY
Official - Via OpenRouter / provider listed there
AtlasCloud · GMICloud · Novita - Self-host the open weights
GPU / VRAM sizing and build plans→
04Performance
All results →Speed and AA index from Artificial Analysis public leaderboards (not our own tests); benchmark scores from our benchmark library, best result per benchmark.
- AA indexMiniMax-M2.5
- 22.8
- Output speed (median)
- 70 tok/s
- Time to first token
- 1.54s
- AA index per $ (blended)
- 41.56
| Benchmark | Best score | Source | Date |
|---|---|---|---|
| LMArena Text | 1391 | official | 2026-10-08 |
| LMArena WebDev | 1387 | official | 2026-10-08 |
| MMLU-Pro | 80.1% | vendor | 2026-03-11 |
| SWE-bench Verified | 75.8% | official | 2026-02-17 |
| Terminal-Bench 2.0 | 42.7% | official | 2026-02-12 |
05Price changes we recorded
All price changes →From our daily re-checks of the sources above.
No price change recorded since we started tracking (2026-10-10).
06More from MiniMax
FAQ
How much does the MiniMax-M2.5 API cost?
On the official pricing page: ¥2.1 / ¥8.4 per 1M input / output tokens, cached input ¥0.21 (checked 2026-10-19). The lowest price we found is $0.295 / $1.2 on AtlasCloud.
What is the context window of MiniMax-M2.5?
205K tokens of context, up to 128K output tokens. Platforms may cap it lower – see the table.
Is MiniMax-M2.5 open source?
Yes, the weights are published on Hugging Face (MiniMaxAI/MiniMax-M2.5). Licence: modified-mit (custom).