MiniMax M2
by MiniMax · minimax/minimax-m2 · #146 cheapest of 422 paid models
Prices updated Sep 19, 2026, 6:21 PM UTC · refreshed hourly
MiniMax-M2 is a compact, high-efficiency large language model optimized for end-to-end coding and agentic workflows. With 10 billion activated parameters (230 billion total), it delivers near-frontier intelligence across general reasoning,...
Compare vs:Claude Sonnet 5Claude Opus 4.6Claude Haiku 4.5GPT-5.6 Sol
Pricing
Input
$0.255
per 1M tokens
Output
$1.02
per 1M tokens
Blended (3:1)
$0.446
3 input : 1 output
Cache read
—
per 1M cached tokens
Cache write
—
per 1M tokens
Cache & batch economics
Effective prices for MiniMax M2 (no cache-read rate published — hits billed as normal input).
| Cache hit rate | Effective blended $/1M | Example request* | vs no cache |
|---|---|---|---|
| 0% | $0.446 | $0.027 | — |
| 50% | $0.446 | $0.027 | −0% |
| 90% | $0.446 | $0.027 | −0% |
*Example: 100K sticky context + 2K new input + 1K output. Batch discount is an approximate 50% off list rates (available for OpenAI / Anthropic / Google — not flagged for this creator). Confirm on the vendor’s pricing page.
What a request costs
| Workload | Input tokens | Output tokens | Cost / request | Cost / 1K requests |
|---|---|---|---|---|
| Short chat message | 500 | 300 | $0.000433 | $0.4335 |
| Document summary | 8,000 | 1,000 | $0.00306 | $3.06 |
| Codebase question (RAG) | 30,000 | 2,000 | $0.00969 | $9.69 |
| Long-context analysis | 150,000 | 5,000 | $0.0433 | $43.35 |
Performance
Intelligence Index
18.6
AA composite quality
Coding Index
—
Math Index
78.3
Agentic Index
—
Output speed
0 tok/s
median
Time to first token
0s
median
Time to first answer
0s
after reasoning tokens
Artificial Analysis benchmarks
| Benchmark | Score |
|---|---|
| MMLU-Pro | 82.0% |
| GPQA Diamond | 77.7% |
| Humanity's Last Exam | 13.7% |
| LiveCodeBench | 82.6% |
| AIME 2025 | 78.3% |
| IFBench | 72.3% |
| AA-LCR (Long Context Reasoning) | 64.3% |
| Terminal-Bench Hard | 25.8% |
| τ²-Bench (Telecom) | 86.8% |
Design Arena Elo
| Category | Elo |
|---|---|
| Website | 1,155 |
| UI components | 1,152 |
| Data viz | 1,155 |
| SVG | 1,124 |
| 3D | 1,126 |
| Game dev | 1,141 |
| Code categories | 1,150 |
Specs
Context window
205K
tokens
Max output
131K
tokens
Input modalities
text
Tokenizer
Other