Is Qwen3 Max 2026-01-23 or MiniMax M2.5 cheaper?

MiniMax M2.5 is cheaper on output tokens ($1.20 vs $6.00 per 1M).

Which has the larger context window, Qwen3 Max 2026-01-23 or MiniMax M2.5?

Qwen3 Max 2026-01-23 has the larger context window (256K tokens).

Qwen3 Max 2026-01-23 vs MiniMax M2.5

MiniMax M2.5 is cheaper on output tokens, while Qwen3 Max 2026-01-23 offers a larger context window. Choose Qwen3 Max 2026-01-23 or MiniMax M2.5 based on the trade-off between cost, context, and the benchmarks that matter for your use case.

Spec	Qwen3 Max 2026-01-23	MiniMax M2.5
Provider	NanoGPT	NanoGPT
Input / 1M tokens	$1.20	$0.30
Output / 1M tokens	$6.00	$1.20
Context window	256K	205K
Parameters	—	—
Open weights	No	Yes
Released	Jan 2026	Feb 2026

Qwen3 Max 2026-01-23 details →MiniMax M2.5 details →

FAQ

Pricing is indicative — confirm with the provider before production use. Highlighted values indicate the better figure for that row.