MiniMax M1 API Pricing
MiniMax · Mid-tier · Proprietary · released 2025-06. Prices in USD per 1 million tokens. Data snapshot: 2026-09-28.
The price we publish for MiniMax M1 has changed 5 times since 2026-08-15, most recently on 2026-09-16 when the reference host changed (-2.6%); it is now the 12th cheapest of 108 Mid-tier models. None of its 2 hosts undercuts the price quoted here. No Arena score is published for it, so it carries no Efficiency score and cannot hold the FinOps Friendly badge.
- Input: $0.40 per 1M tokens
- Output: $2.20 per 1M tokens
- Batch API (input/output): not published
- Prompt-cache read: not published
- Context window: 1M
MiniMax M1 market position
On blended price ($1.66 per 1M tokens at 30% input, 70% output) it is cheaper than 90% of Mid-tier models: 12th cheapest of 108. Across every category it is cheaper than 45% of priced text models in the catalogue: 154th cheapest of 281.
MiniMax M1 licence, size and capabilities
MiniMax M1 is recorded here as proprietary: access is through an API, priced by the token. Its parameter count is not published. Listed capabilities: Text, Reasoning, Code, Agents. Filling its 1M context window once costs $0.40 in input tokens at list price.
Monthly cost at 100K requests, by business use case
From the after-discounts figure (prompt caching on the cached input share, batch API for async workloads, only where the provider publishes those rates), which assumes you implement both, to the list price. One figure means no discount is published.
| Use case | Tokens (in/out) | Monthly (after discounts – list) |
|---|---|---|
| Support Ticket | 1,500 / 500 | $170 |
| Knowledge Q&A | 2,000 / 800 | $256 |
| Meeting Summary | 10,000 / 1,200 | $664 |
| Marketing Content | 2,500 / 1,800 | $496 |
| Coding Task | 3,000 / 2,000 | $560 |
| Invoice Processing | 1,500 / 600 | $192 |
| Call Summary | 2,000 / 700 | $234 |
| Agent Workflow | 6,000 / 3,000 | $900 |
MiniMax M1 pricing by host
A host is a company that runs the model and sells it by the token — the lab that made it, a cloud platform like Amazon Bedrock, Azure or Vertex, or an independent provider. One model, several sellers, and often several prices. This model is sold by 2 different hosts. The price quoted above is the one we publish so that models stay comparable; it is not necessarily the cheapest way to buy this model. List prices as published on 2026-09-28 via OpenRouter — negotiated rates, committed-use discounts and provisioned capacity are not shown.
The price we publish is already the cheapest of the 2 hosts: Minimax at $0.40 input / $2.20 output per 1M tokens. All of them charge within 10% of one another.
| Host | Input $/1M | Output $/1M |
|---|---|---|
| Minimax (the price shown above) | $0.40 | $2.20 |
| Novita — bf16 | $0.55 | $2.20 |
MiniMax M1 price history
MiniMax M1 has been in our daily price archive since tracking began on 2026-08-15, when it listed at $0.55 input / $2.20 output per 1M tokens. The price we publish has changed 5 times since then, 3 of them a change of reference host rather than a repricing. The latest change, on 2026-09-16, was -2.6% on the blended price (30% input, 70% output), to $0.40 input / $2.20 output (reference host changed, not a repricing). Net of all changes, the blended price is -2.6% against 2026-08-15.
| Date | Old price (in / out) | New price (in / out) | Blended change |
|---|---|---|---|
| 2026-09-16 | $0.55 / $2.20 | $0.40 / $2.20 | -2.6% (reference host changed, not a repricing) |
| 2026-09-09 | $0.40 / $2.20 | $0.55 / $2.20 | +2.7% (reference host changed, not a repricing) |
| 2026-09-08 | $0.55 / $2.20 | $0.40 / $2.20 | -2.6% (reference host changed, not a repricing) |
| 2026-08-17 | $0.40 / $2.20 | $0.55 / $2.20 | +2.7% |
| 2026-08-16 | $0.55 / $2.20 | $0.40 / $2.20 | -2.6% |
Alternatives to MiniMax M1
- Next cheaper Mid-tier model: R1 0528 (DeepSeek) at $1.65 blended, under 1% less.
- Next more expensive: Qwen3 235B A22B Thinking 2507 (Alibaba) at $1.68 blended, 1% more.
Common questions about MiniMax M1 pricing
- How much does MiniMax M1 cost?
- MiniMax M1 costs $0.40 per million input tokens and $2.20 per million output tokens on the API.
- Does MiniMax M1 offer batch or cached pricing?
- No batch or cache pricing is published for this model.
- What would MiniMax M1 cost per month?
- For a support-ticket workload (1,500 input + 500 output tokens per request) at 100K requests/month, MiniMax M1 costs about $170 at list prices.
- Has the price of MiniMax M1 changed?
- MiniMax M1 has been in our daily price archive since tracking began on 2026-08-15, when it listed at $0.55 input / $2.20 output per 1M tokens. The price we publish has changed 5 times since then, 3 of them a change of reference host rather than a repricing. The latest change, on 2026-09-16, was -2.6% on the blended price (30% input, 70% output), to $0.40 input / $2.20 output (reference host changed, not a repricing). Net of all changes, the blended price is -2.6% against 2026-08-15.
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.
Build the business case for MiniMax M1 in the AI ROI Calculator: add your business value on top of these costs to get ROI, break-even and payback.
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