MiniMax M2.5 API Pricing
MiniMax · Budget · Proprietary · released 2026-02. Prices in USD per 1 million tokens. Data snapshot: 2026-09-28.
The price we publish for MiniMax M2.5 has changed 3 times since 2026-08-15, most recently by +12.2% on 2026-08-22; it is now the 100th cheapest of 142 Budget models. Buying from Venice rather than at the rate quoted here lowers the token price by about 11%. It is rated a stable release but does not meet all four criteria of the FinOps Friendly badge.
- Input: $0.27 per 1M tokens
- Output: $1.08 per 1M tokens
- Batch API (input/output): not published
- Prompt-cache read: $0.03
- Context window: 205K
- Arena ELO: 1391 (as of 2026-09-25)
- AWS Bedrock regions: ap-northeast-1, eu-central-1, eu-west-1, us-east-1, us-east-2, us-west-2
MiniMax M2.5 market position
On blended price ($0.837 per 1M tokens at 30% input, 70% output) it is cheaper than 30% of Budget models: 100th cheapest of 142. Across every category it is cheaper than 65% of priced text models in the catalogue: 100th cheapest of 281. Its Arena ELO of 1391 ranks 52nd of the 68 models that carry one, tied with 2 others, above 21% of them.
MiniMax M2.5 licence, size and capabilities
MiniMax M2.5 is recorded here as proprietary: access is through an API, priced by the token. Its published size is 230B parameters. Listed capabilities: Text, Reasoning, Code, Agents. Filling its 205K context window once costs $0.06 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 | $73 – $95 |
| Knowledge Q&A | 2,000 / 800 | $106 – $140 |
| Meeting Summary | 10,000 / 1,200 | $375 – $400 |
| Marketing Content | 2,500 / 1,800 | $250 – $262 |
| Coding Task | 3,000 / 2,000 | $261 – $297 |
| Invoice Processing | 1,500 / 600 | $94 – $105 |
| Call Summary | 2,000 / 700 | $125 – $130 |
| Agent Workflow | 6,000 / 3,000 | $384 – $486 |
MiniMax M2.5 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 7 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.
Cheapest host: Venice at $0.27 input / $0.95 output per 1M tokens, 11% below the price we publish on a blended basis (30% input, 70% output). The dearest, Minimax, charges 1.2x the cheapest.
| Host | Input $/1M | Output $/1M |
|---|---|---|
| Venice | $0.27 | $0.95 |
| StreamLake (the price shown above) | $0.27 | $1.08 |
| AtlasCloud — fp8 | $0.29 | $1.20 |
| DigitalOcean | $0.30 | $1.20 |
| Friendli | $0.30 | $1.20 |
| Novita — fp8 | $0.30 | $1.20 |
| Minimax — fp8 | $0.30 | $1.20 |
MiniMax M2.5 price history
MiniMax M2.5 has been in our daily price archive since tracking began on 2026-08-15, when it listed at $0.22 input / $0.90 output per 1M tokens. The price we publish has changed 3 times since then. The latest change, on 2026-08-22, was +12.2% on the blended price (30% input, 70% output), to $0.27 input / $1.08 output. Net of all changes, the blended price is +20.3% against 2026-08-15.
| Date | Old price (in / out) | New price (in / out) | Blended change |
|---|---|---|---|
| 2026-08-22 | $0.27 / $0.95 | $0.27 / $1.08 | +12.2% |
| 2026-08-21 | $0.23 / $0.90 | $0.27 / $0.95 | +7.0% |
| 2026-08-20 | $0.22 / $0.90 | $0.23 / $0.90 | +0.2% |
Alternatives to MiniMax M2.5
- Next cheaper Budget model: MiniMax-01 (MiniMax) at $0.830 blended, 1% less.
- Next more expensive: Qwen3.6 Flash (Alibaba) at $0.844 blended, 1% more.
The nearest Budget models on Arena ELO, each with its blended price and score difference against MiniMax M2.5.
- Qwen3.5-35B-A3B (Alibaba) — $0.16 in / $1.30 out per 1M, Arena ELO 1394: 15% more expensive, 3 ELO points higher
- GPT-4.1 Mini (OpenAI) — $0.40 in / $1.60 out per 1M, Arena ELO 1383: 48% more expensive, 8 ELO points lower
- Qwen3.5-27B (Alibaba) — $0.20 in / $1.56 out per 1M, Arena ELO 1409: 37% more expensive, 18 ELO points higher
- DeepSeek V3.2 (DeepSeek) — $0.28 in / $0.42 out per 1M, Arena ELO 1425: 55% cheaper, 34 ELO points higher
- Cheapest within 15 Arena points: MiniMax M2.5 is itself the cheapest of the 8 models scoring within 15 points of its ELO.
- Highest Arena ELO within 20% of this price: Qwen3.7 Plus (Alibaba), 19% more expensive, 65 ELO points higher, out of 5 models in that price band.
Common questions about MiniMax M2.5 pricing
- How much does MiniMax M2.5 cost?
- MiniMax M2.5 costs $0.27 per million input tokens and $1.08 per million output tokens on the API.
- Does MiniMax M2.5 offer batch or cached pricing?
- Prompt-cache reads cost $0.03/M input tokens. No batch pricing is published.
- What would MiniMax M2.5 cost per month?
- For a support-ticket workload (1,500 input + 500 output tokens per request) at 100K requests/month, MiniMax M2.5 costs about $95 at list prices.
- Has the price of MiniMax M2.5 changed?
- MiniMax M2.5 has been in our daily price archive since tracking began on 2026-08-15, when it listed at $0.22 input / $0.90 output per 1M tokens. The price we publish has changed 3 times since then. The latest change, on 2026-08-22, was +12.2% on the blended price (30% input, 70% output), to $0.27 input / $1.08 output. Net of all changes, the blended price is +20.3% 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 M2.5 in the AI ROI Calculator: add your business value on top of these costs to get ROI, break-even and payback.
All models · Compare side by side · Cloud compute pricing · Price barometer · FinOps guides · API and MCP server