MiniMax M3: API pricing, context window and capabilities

Prices from official vendor price lists · October 2026

MiniMax M3 costs $0.3 per 1M input tokens and $1.2 per 1M output tokens, with a 1.05M context window. Mid-priced: dearer than 33% of this rating, with MiniMax M2.5 as the nearest cheaper MiniMax option. Recorded for vision, reasoning, long context 1M+.

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Capabilities

API $/1M (in / out)

$0.3 / $1.2

Context window

1.05M tokens

Price / mo

API only

Overview Reviews

MiniMax M3 is an AI model from MiniMax, priced at $0.3 input and $1.2 output per 1M tokens. That places it in the budget tier of this rating — cheaper than 63% of the 205 priced models listed.

It holds 1.05M tokens in a single conversation, enough for a full codebase or a contract bundle in one pass. Capabilities recorded in this rating: text & chat, vision, video, reasoning, tool calling. Access is through the API rather than a consumer subscription.

API price$0.3 / $1.2per 1M tokens, in / out

Context1.05M tokenstokens per conversation

VendorMiniMaxall models from this vendor

TierBudgetcheaper than 63% of models

Cost calculator

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

Standard$0.97~~AED 4 per month~~

With batch −50%$0.49~~AED 2 per month~~

With caching on input$0.91~~AED 3 per month~~

Standard$9.75~~AED 36 per month~~

With batch −50%$4.88~~AED 18 per month~~

With caching on input$9.07~~AED 33 per month~~

Standard$48.75~~AED 179 per month~~

With batch −50%$24.38~~AED 90 per month~~

With caching on input$45.38~~AED 167 per month~~

Standard$195~~AED 716 per month~~

With batch −50%$97.50~~AED 358 per month~~

With caching on input$182~~AED 667 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 M3 sits against its neighbours in this rating. Tap a card to open that model.

Step 3.7 Flash

Cheaper

Stepfun

$0.2 / $1.15262.1K tokens

GPT-5.6 Luna

Closest match

OpenAI

$0.2 / $1.21.05M tokens

GPT-5.4 Nano

Step up

OpenAI

$0.2 / $1.25400K tokens

Good and poor fit

Good fit

Multi-step analysis, planning and code review, where the first plausible answer is often wrong.
Reading screenshots, charts, scanned documents and photos.
Whole codebases, contract bundles and long transcripts in a single pass.

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.

Related filters

Text & chat234 models for text generation and chat

Vision159 models that read images

Reasoning175 models that think before answering

Tool calling172 models that call your functions

Long context 1M+88 models holding 1M tokens or more

MiniMax6 models from this vendor

All 245 modelsThe full rating with filters and prices

Frequently asked questions

How much does MiniMax M3 cost?

$0.3 / $1.2 per 1M tokens, input and output. In dirhams that is roughly AED 1.10 per 1M input tokens. Batch processing halves it where the vendor offers it.

What is the context window of MiniMax M3?

1.05M tokens in a single conversation.

What can MiniMax M3 do?

In this rating it is recorded with: text & chat, vision, video, reasoning, tool calling, structured JSON output, long context 1M+, prompt caching, batch API, low latency, frontier tier, multilingual, open weights.

Is MiniMax M3 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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