# MiniMax API pricing per million tokens

On 25 September 2026, MiniMax models on this list cost from $0.20 per million input tokens (MiniMax-01) to $0.40 (MiniMax M1), and from $1.08 per million output tokens (MiniMax M2.5) to $2.20 (MiniMax M1).

Prices checked 25 September 2026 at 06.00 UTC . Source OpenRouter public model list . US dollars per million tokens

Input tokens per call

Output tokens per call

Calls a day

Search models

| Model | Input | Output | Cached input | Batch in / out | Context | Your month | Listed |
|---|---|---|---|---|---|---|---|
| MiniMax M3 | $0.30 | $1.20 | $0.06 |  | 1.04858M | $36.00 | 2026-05-31 |
| MiniMax M2.7 | $0.30 | $1.20 | $0.06 |  | 205K | $36.00 | 2026-03-18 |
| MiniMax M2.5 | $0.27 | $1.08 | $0.027 |  | 205K | $32.40 | 2026-02-12 |
| MiniMax M2-her | $0.30 | $1.20 | $0.03 |  | 66K | $36.00 | 2026-01-23 |
| MiniMax M2.1 retiring 2026-10-08 | $0.30 | $1.20 | $0.03 |  | 205K | $36.00 | 2025-12-23 |
| MiniMax M2 | $0.30 | $1.20 |  |  | 205K | $36.00 | 2025-10-23 |
| MiniMax M1 | $0.40 | $2.20 |  |  | 1M | $57.00 | 2025-06-17 |
| MiniMax-01 | $0.20 | $1.10 |  |  | 1.00019M | $28.50 | 2025-01-15 |

[Compare MiniMax with every other provider](https://shurco.ai/tools/llm-api-pricing/)

## Common questions

### How much does the MiniMax API cost?

On 25 September 2026, MiniMax models on this list cost from $0.20 per million input tokens (MiniMax-01) to $0.40 (MiniMax M1), and from $1.08 per million output tokens (MiniMax M2.5) to $2.20 (MiniMax M1).

### What is the cheapest MiniMax model?

For a typical mix of three input tokens to every output token, the cheapest is MiniMax-01 at $0.20 per million input tokens and $1.10 per million output tokens.

### What is the newest MiniMax model on the list?

MiniMax M3, listed on 31 May 2026, at $0.30 per million input tokens and $1.20 per million output tokens.

### Which MiniMax model has the largest context window?

MiniMax M3, with 1.04858M tokens of context.

## Other providers

[GPT](https://shurco.ai/tools/llm-api-pricing/openai/)[Claude](https://shurco.ai/tools/llm-api-pricing/anthropic/)[Gemini](https://shurco.ai/tools/llm-api-pricing/google/)[DeepSeek](https://shurco.ai/tools/llm-api-pricing/deepseek/)[Mistral](https://shurco.ai/tools/llm-api-pricing/mistral/)[Llama](https://shurco.ai/tools/llm-api-pricing/meta/)[Grok](https://shurco.ai/tools/llm-api-pricing/xai/)[Qwen](https://shurco.ai/tools/llm-api-pricing/qwen/)[Kimi](https://shurco.ai/tools/llm-api-pricing/moonshot/)[GLM](https://shurco.ai/tools/llm-api-pricing/zai/)[Command](https://shurco.ai/tools/llm-api-pricing/cohere/)[Nova](https://shurco.ai/tools/llm-api-pricing/amazon/)

## Choosing a model for a production agent

Price is one input. Quality on your own cases, latency and the cost of retries decide the rest. [Tell me what you are building.](https://shurco.ai/#contact)

Web version https://shurco.ai/tools/llm-api-pricing/minimax/