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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 20 providers on this page. Public prices are shown for 17 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 18.6 on the Intelligence Index. Against its lowest blended price of $0.40 per 1M, that is roughly 47 index points per dollar, which is the value ratio the leaderboards rank on. Median output speed is 98 tokens per second, with 1.42s 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 2025-01-01.

Specs & pricing

Input / output per 1M tokens
Official price·MiniMax (minimax.cn)
$0.30 / $1.20
Blended $0.53 · Cache read —
Lowest paid·DevPass (LLM Gateway)Gateway
$0.20 / $1.00
Blended $0.40 · 2.1× spread
Context
204,800
Output limit
131,072
Knowledge cutoff
2025-01-01
Released / updated
2025-10-27 / 2025-10-27
Capabilities
✓ Reasoning✓ Tool use✓ Structured output✓ TemperatureAttachments
⚠ Providers report capability flags inconsistently
Modalities
Text
Weights
Hugging Face

Quality & performanceArtificial Analysis · Intelligence Index v4.3

Intelligence18.6
Value47
Coding—
Agentic—
Output speed98 tok/s
TTFT1.42 s
Value formulaIQ 18.6 ÷ min blended $0.400 = 47

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

Available at 20 providers17 with public prices · 2 subscription-covered

ProviderTierInputOutputCache readCache writeContextOutput limitStatus
MiniMax Token Plan (minimax.io)
MiniMax-M2
GatewaySubscription——204,800131,072
MiniMax Token Plan (minimax.cn)
MiniMax-M2
GatewaySubscription——204,800131,072
DevPass (LLM Gateway)Gateway$0.20$1.00$0.03—196,608 ⚠131,072
LLM GatewayGateway$0.20$1.00$0.03—196,608 ⚠131,072
NanoGPTGateway$0.17$1.53$0.085—200,000 ⚠131,072
Kilo GatewayGateway$0.30$1.20——196,608 ⚠176,947
NovitaAIGateway$0.30$1.20$0.03—204,800131,072
OpenRouterGateway$0.30$1.20——204,800176,947
ZenMuxGateway$0.30$1.20$0.03$0.38204,000 ⚠64,000
Hugging Face
MiniMaxAI/MiniMax-M2
Cloud$0.30$1.20——204,800131,072
MiniMax (minimax.cn)Official
MiniMax-M2
First-party$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.

Reasoning control

effort = loweffort = mediumeffort = higheffort = xhigheffort = maxbudget_tokensToggle (on / off)

Interleaved thinking (reasoning between tool calls) is declared by 5 of 20 providers.

14 / 20 providers expose no reasoning control (reasoning_options: []).

Your usage cost

1DevPass (LLM Gateway)$69.60
2LLM Gateway$69.60
3NovitaAI$87.60
4ZenMux$87.60
5Vercel AI Gateway$87.60
6Ofox$87.60
12MiniMax (minimax.cn) · Official$120.00

2 more channels offer $0 (MiniMax Token Plan (minimax.io), MiniMax Token Plan (minimax.cn)); 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.

Price historyone sample accumulated per data sync

Input listOutput listMin blended
$1.20$02026-08-052026-09-202026-09-03 · Input list $0.202026-09-20 · Input list $0.302026-09-03 · Output list $1.002026-09-20 · Output list $1.202026-09-03 · Min blended $0.402026-09-20 · Min blended $0.40

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.

Artificial Analysis evaluations9 items

GPQA Diamond77.7%
Humanity's Last Exam13.7%
MMLU-Pro82.0%
LiveCodeBench82.6%
Terminal-Bench Hard25.8%
AIME 202578.3%
τ²-Bench Telecom86.8%
AA-LCR64.3%
IFBench72.3%

Individual evaluations run by Artificial Analysis, on the same reasoning tier as the intelligence score above. Each benchmark has its own task set and harness, so rows are not comparable with one another. The Intelligence Index above draws on a different, newer set of evaluations.

Related models

MiniMax-M3.1-Flash-Previewsame series$0 / $0MiniMax Latestsame series$0.30 / $1.20MiniMax H3 Maxsame series—GLM-5.3-Flashcheaper alternative$0.15 / $0.50DeepSeek V4.1 Flashcheaper alternative$0.15 / $0.60GPT-5 Nanocheaper alternative$0.05 / $0.40Qwen3.8 Flashcheaper alternative$0.15 / $0.47
Data partly from models.dev (MIT) · MiniMax (minimax.cn) official docs ↗