Price Per TokenPrice Per Token
Minimax
vs
OpenAI
OpenAI

MiniMax M2 vs GPT-5 Mini

A detailed comparison of pricing, benchmarks, and capabilities

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Key Takeaways

MiniMax M2 wins:

  • Cheaper output tokens
  • Faster response time
  • Has reasoning mode

GPT-5 Mini wins:

  • Cheaper input tokens
  • Larger context window
  • Higher intelligence benchmark
  • Better at coding
  • Better at math
  • Supports vision
Price Advantage
MiniMax M2
Benchmark Advantage
GPT-5 Mini
Context Window
GPT-5 Mini
Speed
MiniMax M2

Pricing Comparison

Price Comparison

MetricMiniMax M2GPT-5 MiniWinner
Input (per 1M tokens)$0.26$0.25 GPT-5 Mini
Output (per 1M tokens)$1.00$2.00 MiniMax M2
Cache Read (per 1M)$30000.00$25000.00 GPT-5 Mini
Using a 3:1 input/output ratio, MiniMax M2 is 36% cheaper overall.

MiniMax M2 Providers

Minimax $0.26 (Cheapest)
AtlasCloud $0.26 (Cheapest)
Google $0.30
Novita $0.30

GPT-5 Mini Providers

OpenAI $0.25 (Cheapest)
Azure $0.25 (Cheapest)

Benchmark Comparison

6
Benchmarks Compared
0
MiniMax M2 Wins
6
GPT-5 Mini Wins

Benchmark Scores

BenchmarkMiniMax M2GPT-5 MiniWinner
Intelligence Index
Overall intelligence score
36.041.0
Coding Index
Code generation & understanding
29.235.3
Math Index
Mathematical reasoning
78.390.7
MMLU Pro
Academic knowledge
82.083.7
GPQA
Graduate-level science
77.782.8
LiveCodeBench
Competitive programming
82.683.8
GPT-5 Mini significantly outperforms in coding benchmarks.

Cost vs Quality

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MiniMax M2
Other models

Context & Performance

Context Window

MiniMax M2
196,608
tokens
Max output: 65,536 tokens
GPT-5 Mini
400,000
tokens
Max output: 128,000 tokens
GPT-5 Mini has a 51% larger context window.

Speed Performance

MetricMiniMax M2GPT-5 MiniWinner
Tokens/second92.4 tok/s78.9 tok/s
Time to First Token1.33s107.34s
MiniMax M2 responds 17% faster on average.

Capabilities

Feature Comparison

FeatureMiniMax M2GPT-5 Mini
Vision (Image Input)
Tool/Function Calls
Reasoning Mode
Audio Input
Audio Output
PDF Input
Prompt Caching
Web Search

License & Release

PropertyMiniMax M2GPT-5 Mini
LicenseProprietaryProprietary
AuthorMinimaxOpenAI
ReleasedOct 2025Aug 2025

MiniMax M2 Modalities

Input
text
Output
text

GPT-5 Mini Modalities

Input
textimagefile
Output
text

Related Comparisons

Compare MiniMax M2 with:

Compare GPT-5 Mini with:

Frequently Asked Questions

GPT-5 Mini has cheaper input pricing at $0.25/M tokens. MiniMax M2 has cheaper output pricing at $1.00/M tokens.
GPT-5 Mini scores higher on coding benchmarks with a score of 35.3, compared to MiniMax M2's score of 29.2.
MiniMax M2 has a 196,608 token context window, while GPT-5 Mini has a 400,000 token context window.
MiniMax M2 does not support vision. GPT-5 Mini supports vision.