MiniMax M1 API Pricing
MiniMax · context window 1M · prices updated 2026-09-15
Where MiniMax M1 sits on price
At $2.20 per million output tokens, MiniMax M1 is a mid tier model — right at the median output price of $2.08, which puts it cheaper than 49% and pricier than 51% of the models we track. It is the most expensive of the 9 MiniMax models we track. Output costs 4.0× input, the usual spread — trim both, starting with the answer length.
What real workloads cost on MiniMax M1
These three workloads are the ones teams actually run on a mid-priced model — a $2.20/1M model is not bought for the same job as one ten times the price.
| Workload | Per request | Per month |
|---|---|---|
| Support chatbot — 500 conversations/day (5K in / 1.4K out) Conversation history re-sent each turn — the classic prompt-caching win. | $0.0058 | $87.45 |
| Document pipeline — 10K docs/day (3K in / 500 out) Batch-friendly: no user waiting, so a ~50% batch discount usually applies. | $0.0028 | $825 |
| Long-context analysis — 200 runs/day (250K in / 4K out) Only possible on large-context models; input cost is nearly the whole bill. | $0.1463 | $878 |
Model your exact traffic in the API cost calculator — it preloads MiniMax M1 with caching and batch options.
MiniMax M1 price history
MiniMax last raised MiniMax M1's output price on Sep 9, 2026, from $0.4/$2.20 to $0.55/$2.20 per 1M in/out. That is one of 2 repricings in the 44 days we have tracked it — worth knowing before you hard-code today's rate into a budget.
| Date | Input /1M | Output /1M | Output change |
|---|---|---|---|
| Aug 2, 2026 (tracking began) | $0.55 | $2.20 | — |
| Sep 8, 2026 | $0.4 | $2.20 | 0% |
| Sep 9, 2026 | $0.55 | $2.20 | 0% |
Change-points from our daily price snapshots (tracking since Aug 2, 2026; intraday moves between snapshots are not captured).
MiniMax M1 vs o4 Mini (batch)
The closest-priced alternative from another vendor is o4 Mini (batch) (OpenAI) — priced within a rounding error on output, with identical input pricing. When two models land this close on price, the decision is quality on your own workload, not the price sheet: run 50 real requests through both and compare.
See o4 Mini (batch) pricing →Cheaper alternatives
More MiniMax models
Frequently asked questions
› How much does the MiniMax M1 API cost?
MiniMax M1 costs $0.55 per million input tokens and $2.20 per million output tokens and no discounted cached-input tier. That works out to roughly 454,545 output tokens per dollar.
› What does the support chatbot workload cost on MiniMax M1?
Support chatbot — 500 conversations/day (5K in / 1.4K out) costs about $0.0058 per request and $87.45 per month on MiniMax M1. Conversation history re-sent each turn — the classic prompt-caching win.
› What does it cost to fill MiniMax M1's 1M context window?
Sending 1M of input in a single request costs $0.55 at $0.55 per million tokens — before any output. There is no cached-input tier on this model, so every repeat of that context is billed at full price. This is why large context windows are cheap to advertise and expensive to actually use.
› Is MiniMax M1 worth the price?
MiniMax M1 sits in the middle of the market (9 of 9 by price within MiniMax). The honest test is a routing experiment: send the same 200 real requests to this model and to a tier below, and compare failure rate against the price gap — most teams find a majority of traffic never needed the pricier model.