MiniMaxopen weightsreasoningMiniMax M2 pricing
$0.26 per 1M input tokens and $1.02 per 1M output tokens. In real work that is 0.10¢ per chat answer and 0.40¢ to summarize a 20-page PDF.
What MiniMax M2 costs per task
Token counts estimated from a measured model of the same lab (MiniMax M3), rescaled by tokenizer. Reasoning tokens are billed as output.
| Task | Cost | Tokens used | Price rank | Basis |
|---|---|---|---|---|
| Answer a chat question | 0.10¢$1.00 / 1,000 | 205 in · 447 out · 482 reasoning | 103 of 336 | estimated |
| Reply to a customer email | 0.06¢$0.56 / 1,000 | 417 in · 260 out · 187 reasoning | 112 of 336 | estimated |
| Write a 1,500-word blog post | 0.23¢$2.32 / 1,000 | 219 in · 1,774 out · 442 reasoning | 67 of 336 | estimated |
| Write 10 product descriptions | 0.17¢$1.75 / 1,000 | 441 in · 1,071 out · 531 reasoning | 58 of 336 | estimated |
| Translate 1,000 words | 0.62¢$6.23 / 1,000 | 1,473 in · 1,207 out · 4,535 reasoning | 150 of 336 | estimated |
| Proofread one page (500 words) | 0.13¢$1.31 / 1,000 | 874 in · 651 out · 416 reasoning | 112 of 336 | estimated |
| Summarize a 20-page PDF | 0.40¢$4.01 / 1,000 | 12,901 in · 462 out · 246 reasoning | 108 of 336 | estimated |
| Extract data from an invoice | 0.10¢$1.01 / 1,000 | 536 in · 563 out · 289 reasoning | 101 of 336 | estimated |
| Analyze a 200-row spreadsheet | ≥1.8¢$17.58 / 1,000 | 4,940 in · 153 out · 15,847 reasoning | 151 of 336 | estimated |
| Answer from 5 retrieved documents (RAG) | 0.22¢$2.25 / 1,000 | 3,773 in · 822 out · 437 reasoning | 104 of 336 | estimated |
| Classify 100 support tickets | 0.23¢$2.33 / 1,000 | 1,424 in · 441 out · 1,485 reasoning | 82 of 336 | estimated |
| Review 500 lines of code | 0.39¢$3.85 / 1,000 | 4,762 in · 2,588 out | 59 of 336 | estimated |
| Write a SQL query | 0.08¢$0.79 / 1,000 | 272 in · 702 out | 78 of 336 | estimated |
| Run a 50-step coding agent | 59¢$591 / 1,000 | 2,221,837 in · 14,895 out · 9,350 reasoning | 184 of 336 | modeled |
Price at every provider
List prices per 1M tokens (input / output) at each host serving MiniMax M2 through OpenRouter today. Hosts can differ in quantization, context and speed.
| Provider | Input / output | Cached input | Context | Uptime |
|---|---|---|---|---|
| M Minimaxfp8 | $0.26 / $1.02 | - | 204K | |
 Googleunknown | $0.30 / $1.20 | - | 196K | 100% |
Price history
First seen in our price history on Oct 31, 2025 at $0.15 input / $0.45 output. Since then the output price moved from $0.45 to $1.02 per 1M tokens (9 changes).
FAQ
How much does MiniMax M2 cost?
MiniMax M2 costs $0.26 per 1 million input tokens and $1.02 per 1 million output tokens (list price on Oct 18, 2026). In practice one chat answer costs about 0.10¢ and summarizing a 20-page PDF about 0.40¢.
Where is MiniMax M2 cheapest?
Among 2 providers we track, the lowest list price today is at Minimax: $0.26 input and $1.02 output per 1M tokens.
Does MiniMax M2 charge for reasoning tokens?
Yes. Reasoning (thinking) tokens are billed as output tokens. That is why the cost per task can be much higher than the visible answer suggests - our task costs include them.
Is the MiniMax M2 cost per task measured or estimated?
Estimated: MiniMax M2 was not run directly. Tokens come from MiniMax M3 and are rescaled by the tokenizer of MiniMax. Real usage can differ.