MiniMax M2: API pricing, context window and capabilities

Prices from official vendor price lists · October 2026

MiniMax M2 costs $0.255 per 1M input tokens and $1.02 per 1M output tokens, with a 204.8K context window. Mid-priced: dearer than 30% of this rating. Recorded for reasoning, open weights.

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Capabilities

API $/1M (in / out)

$0.255 / $1.02

Context window

204.8K tokens

Price / mo

API only

Overview Reviews

MiniMax M2 is an AI model from MiniMax, priced at $0.255 input and $1.02 output per 1M tokens. That places it in the budget tier of this rating — cheaper than 70% of the 205 priced models listed.

It holds 204.8K tokens in a single conversation. Capabilities recorded in this rating: text & chat, reasoning, tool calling, structured JSON output, prompt caching. Access is through the API rather than a consumer subscription.

API price$0.255 / $1.02per 1M tokens, in / out

Context204.8K tokenstokens per conversation

VendorMiniMaxall models from this vendor

TierBudgetcheaper than 70% of models

Cost calculator

1M tokens/mo10M tokens/mo50M tokens/mo200M tokens/mo

Standard$0.83~~AED 3 per month~~

With batch −50%$0.41~~AED 2 per month~~

With caching on input$0.77~~AED 3 per month~~

Standard$8.29~~AED 30 per month~~

With batch −50%$4.14~~AED 15 per month~~

With caching on input$7.71~~AED 28 per month~~

Standard$41.44~~AED 152 per month~~

With batch −50%$20.72~~AED 76 per month~~

With caching on input$38.57~~AED 142 per month~~

Standard$166~~AED 609 per month~~

With batch −50%$82.88~~AED 304 per month~~

With caching on input$154~~AED 567 per month~~

Assumes a 1:3 input-to-output ratio, which is typical for chat and generation. Dirham figures use 3.6725 per dollar. Batch and caching discounts apply where the vendor offers them.

Compared with alternatives

How MiniMax M2 sits against its neighbours in this rating. Tap a card to open that model.

DeepSeek V3.1 Terminus

Cheaper

DeepSeek

$0.27 / $1163.8K tokens

Qwen3.6 Flash

Closest match

Alibaba (Qwen)

$0.165 / $0.991M tokens

MiniMax M2.5

Step up

MiniMax

$0.27 / $1.08204.8K tokens

Good and poor fit

Good fit

Multi-step analysis, planning and code review, where the first plausible answer is often wrong.
High-volume routing, classification and autocomplete.

Poor fit

Classification, routing and short summaries — a small model does these identically for a fraction of the price.
Long multi-step reasoning, where a larger model finishes in fewer attempts.
Anything requiring image input — this model does not accept it.

Related filters

Text & chat234 models for text generation and chat

Reasoning175 models that think before answering

Tool calling172 models that call your functions

Prompt caching153 models with cheap repeated context

Batch API146 models with half-price async processing

MiniMax6 models from this vendor

All 245 modelsThe full rating with filters and prices

Frequently asked questions

How much does MiniMax M2 cost?

$0.255 / $1.02 per 1M tokens, input and output. In dirhams that is roughly AED 0.94 per 1M input tokens. Batch processing halves it where the vendor offers it.

What is the context window of MiniMax M2?

204.8K tokens in a single conversation.

What can MiniMax M2 do?

In this rating it is recorded with: text & chat, reasoning, tool calling, structured JSON output, prompt caching, batch API, low latency, frontier tier, multilingual, open weights.

Is MiniMax M2 a good choice?

It depends on the job. See the good-fit and poor-fit lists above, and compare against the neighbouring models before committing.

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