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MiniMax-M2

minimax·minimax/MiniMax-M2·GA·Open weights·minimax series
Efficient open MiniMax model built for coding agents and tool-heavy workflows

MiniMax-M2 is offered by 18 providers on this page. Public prices are shown for 16 of them. Its official list price is $0.30 per 1M input tokens and $1.20 per 1M output tokens. The lowest paid channel is DevPass (LLM Gateway) at $0.20 / $1.00 per 1M, about 2.1× below the list price. That channel is a third-party gateway, so confirm its availability and rate limits before depending on it. It also has 2 covered by a paid subscription; free tiers usually carry rate limits, and subscription-covered access bills $0 per token only after the subscription fee.

Artificial Analysis rates it 28.9 on the Intelligence Index. Against its lowest blended price of $0.40 per 1M, that is roughly 72 index points per dollar, which is the value ratio the leaderboards rank on. Median output speed is 92 tokens per second, with 1.75s to the first token.

The context window is 204,800 tokens at the reference host, but hosts report different limits, from 196,608 to 1,000,000, so the usable window depends on the provider you pick. It supports reasoning, tool use, and structured output. The weights are open, so it can also be self-hosted or served through a gateway of your choice. Providers report the capability flags inconsistently, so verify a specific feature against the host you plan to use. Its training knowledge cuts off at 2024-10.

Specs & pricing

Input / output per 1M tokens
Official price·MiniMax (minimax.io)
$0.30 / $1.20
Blended $0.525 · Cache read —
Lowest paid·DevPass (LLM Gateway)Gateway
$0.20 / $1.00
Blended $0.40 · 2.1× spread
2 more $0 channels
Context
204,800
Output limit
131,072
Knowledge cutoff
2024-10
Released / updated
2025-10-27 / 2025-10-27
Capabilities
✓ Reasoning✓ Tool use✓ Structured output✓ TemperatureAttachments
⚠ Providers report capability flags inconsistently
Modalities
Text

Quality & performanceArtificial Analysis · Intelligence Index v4.1

Intelligence28.9
Value72
Coding—
Agentic—
Output speed92 tok/s
TTFT1.75 s
Value formulaIQ 28.9 ÷ min blended $0.400 = 72

Quality is independently evaluated by Artificial Analysis. Speed/latency are model-level medians.

Available at 18 providers16 with public prices · 2 subscription-covered

ProviderTierInputOutputCache readCache writeContextOutput limitStatus
MiniMax Token Plan (minimaxi.com)GatewaySubscription——204,800131,072
MiniMax Token Plan (minimax.io)GatewaySubscription——204,800131,072
DevPass (LLM Gateway)
minimax-m2
Gateway$0.20$1.00$0.03—196,608 ⚠131,072
OpenRouter
minimax/minimax-m2
Gateway$0.255$1.02——204,800131,072
NanoGPTGateway$0.17$1.53$0.085—200,000 ⚠131,072
NovitaAI
minimax/minimax-m2
Gateway$0.30$1.20$0.03—204,800131,072
Hugging FaceCloud$0.30$1.20——204,800131,072
MiniMax (minimax.io)OfficialFirst-party$0.30$1.20——204,800131,072
Vercel AI Gateway
minimax/minimax-m2
Cloud$0.30$1.20$0.03$0.375205,000 ⚠205,000
Kilo Gateway
minimax/minimax-m2
Gateway$0.30$1.20——204,800131,072

Sorted by blended price (input×0.75 + output×0.25) asc. The official channel always shows regardless of rank. Whether a gateway's low price is actually usable can't be verified.

Your usage cost

1DevPass (LLM Gateway)$69.60
2NovitaAI$87.60
3Vercel AI Gateway$87.60
4Merge Gateway$87.60
5Ofox$87.60
6ZenMux$87.60
10MiniMax (minimax.io) · Official$120.00

2 more channels offer $0 (MiniMax Token Plan (minimaxi.com), MiniMax Token Plan (minimax.io)); free tiers usually have rate limits and no SLA, excluded from ranking.

Switch to DevPass (LLM Gateway) to save $50.40/mo (42%)
Note: this is a gateway; verify availability and rate limits yourself.

Benchmark1 items

NameConditionsScoreMetricSource
SWE-Bench Verified—69.4resolvedSource ↗

The same benchmark scores very differently across harness / dataset, so the qualifying conditions must be shown together.

Reasoning control

effort = loweffort = mediumeffort = higheffort = xhigheffort = max

15 / 18 providers expose no reasoning control (reasoning_options: []).

Related models

MiniMax H3 Maxsame series—MiniMax H3same series—MiniMaxAI/MiniMax-M2.5same series$0.30 / $1.22DeepSeek V4 Flashcheaper alternative$0.14 / $0.28GLM-5.3-Flashcheaper alternative$0.075 / $0.25GPT-5 Nanocheaper alternative$0.05 / $0.40MiMo-V2.5cheaper alternative$0.14 / $0.28

Price historyone sample accumulated per data sync

Input listOutput listMin blended
$1.20$02026-08-052026-08-132026-08-05 · Input list $0.302026-08-06 · Input list $0.302026-08-07 · Input list $0.302026-08-08 · Input list $0.302026-08-09 · Input list $0.302026-08-10 · Input list $0.302026-08-11 · Input list $0.302026-08-12 · Input list $0.302026-08-13 · Input list $0.302026-08-05 · Output list $1.202026-08-06 · Output list $1.202026-08-07 · Output list $1.202026-08-08 · Output list $1.202026-08-09 · Output list $1.202026-08-10 · Output list $1.202026-08-11 · Output list $1.202026-08-12 · Output list $1.202026-08-13 · Output list $1.202026-08-05 · Min blended $0.402026-08-06 · Min blended $0.402026-08-07 · Min blended $0.402026-08-08 · Min blended $0.402026-08-09 · Min blended $0.402026-08-10 · Min blended $0.402026-08-11 · Min blended $0.402026-08-12 · Min blended $0.402026-08-13 · Min blended $0.40
Data partly from models.dev (MIT) · MiniMax (minimax.io) official docs ↗