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Balanced — strong quality at a mid priceOpen Weights
MiniMax M2.5 Pricing
MiniMax · minimax-minimax-m2-5
Input / 1M tokens
$0.150
Output / 1M tokens
$0.900
Context window
204,800 tokens
≈ 273 pages of text
Max output
196,608 tokens
What it costs in practice
Typical request (1,200 in + 400 out tokens)$0.0005
1,000 requests / month$0.54/mo10,000 requests / month$5.40/mo100,000 requests / month$54.00/moEstimate your own workloadOpens the calculator with MiniMax M2.5 preloaded — adjust volume and token counts there.
Price history
List price per 1M tokens since we started tracking in Jun 2026. Each step marks a price change — hover a point for the exact date and rate.
What it excels at
Handles extended inputs and outputs effectively with a 200k-token context window and near-matching output limit. Low per-token pricing combined with open weights supports cost-efficient high-volume or self-hosted deployments.
The business tradeoff
Reasoning capability and output consistency lag behind closed frontier models. Quality and latency depend heavily on user-managed hosting infrastructure with minimal third-party tooling available.
Cheaper from MiniMax
Head-to-head
Vendor list rates, as of Jul 9, 2026 · source: openrouter · per-request examples assume 1,200 input + 400 output tokens.