MiniMax M3 vs GLM 5.2: API Pricing Comparison
MiniMax MiniMax M3 vs Zhipu GLM 5.2: token prices, batch and cache rates, Arena ELO, and cost per request for 8 business use cases. Prices in USD per 1 million tokens. Data snapshot: 2026-09-06.
MiniMax M3 pricing (MiniMax)
- Input: $0.30 per 1M tokens
- Output: $1.20 per 1M tokens
- Batch API (input/output): $0.30 / $1.20
- Prompt-cache read: $0.06
- Context window: 1M
- Arena ELO: 1442 (as of 2026-09-01)
- Full MiniMax M3 pricing page
GLM 5.2 pricing (Zhipu)
- Input: $0.97 per 1M tokens
- Output: $3.04 per 1M tokens
- Batch API (input/output): not published
- Prompt-cache read: $0.19
- Context window: 1M
- Arena ELO: 1472 (as of 2026-09-01)
- Full GLM 5.2 pricing page
Cost per request by business use case
List price vs optimized (prompt caching on the cached input share, batch API for async workloads, only where the provider publishes those rates).
| Use case | Tokens (in/out) | MiniMax M3 list | MiniMax M3 optimized | GLM 5.2 list | GLM 5.2 optimized |
|---|---|---|---|---|---|
| Support Ticket | 1,500 / 500 | $0.0010 | $0.000834 | $0.0030 | $0.0023 |
| Knowledge Q&A | 2,000 / 800 | $0.0016 | $0.0012 | $0.0044 | $0.0033 |
| Meeting Summary | 10,000 / 1,200 | $0.0044 | $0.0042 | $0.013 | $0.013 |
| Marketing Content | 2,500 / 1,800 | $0.0029 | $0.0028 | $0.0079 | $0.0075 |
| Coding Task | 3,000 / 2,000 | $0.0033 | $0.0029 | $0.0090 | $0.0078 |
| Invoice Processing | 1,500 / 600 | $0.0012 | $0.0011 | $0.0033 | $0.0029 |
| Call Summary | 2,000 / 700 | $0.0014 | $0.0014 | $0.0041 | $0.0039 |
| Agent Workflow | 6,000 / 3,000 | $0.0054 | $0.0044 | $0.015 | $0.012 |
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These are list prices: real cost also depends on caching, batching, negotiated discounts, marketplace agreements, and existing contracts. Get a FinOps review from OptimNow or compare all models.