MiniMax M2 API Pricing
MiniMax · context window 205K · prices updated 2026-09-15
Where MiniMax M2 sits on price
At $1.02 per million output tokens, MiniMax M2 is a mid tier model — 2.0× cheaper than the median output price of $2.08, which puts it cheaper than 67% and pricier than 33% of the models we track. It is the cheapest 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 M2
These three workloads are the ones teams actually run on a mid-priced model — a $1.02/1M 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. | $0.0027 | $40.55 |
| Document pipeline — 10K docs/day (3K in / 500 out) Batch-friendly: no user waiting, so a ~50% batch discount usually applies. | $0.0013 | $383 |
| Small app — 1K requests/day (500 in / 150 out) The baseline most side projects actually run at. | $0.0003 | $8.41 |
Model your exact traffic in the API cost calculator — it preloads MiniMax M2 with caching and batch options.
MiniMax M2 price history
MiniMax M2's price has not moved since we began tracking it on Aug 2, 2026 — 44 days of stability in a market where 78 of the 334 models we track have repriced over the same period, including 4 of MiniMax's own 9 models.
Change-points from our daily price snapshots (tracking since Aug 2, 2026; intraday moves between snapshots are not captured).
MiniMax M2 vs DeepSeek V3
The closest-priced alternative from another vendor is DeepSeek V3 (DeepSeek) — priced within a rounding error on output, with $0.0024 more per million input tokens. 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 DeepSeek V3 pricing →Cheaper alternatives
More MiniMax models
Frequently asked questions
› How much does the MiniMax M2 API cost?
MiniMax M2 costs $0.255 per million input tokens and $1.02 per million output tokens and no discounted cached-input tier. That works out to roughly 980,392 output tokens per dollar.
› What does the support chatbot workload cost on MiniMax M2?
Support chatbot — 500 conversations/day (5K in / 1.4K out) costs about $0.0027 per request and $40.55 per month on MiniMax M2. Conversation history re-sent each turn — the classic prompt-caching win.
› What does it cost to fill MiniMax M2's 205K context window?
Sending 205K of input in a single request costs $0.0522 at $0.255 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 M2 worth the price?
MiniMax M2 sits in the middle of the market (1 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.