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Step 5 Preview vs MiniMax M2.5

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

SpecStep 5 PreviewMiniMax M2.5
ProviderNanoGPTNanoGPT
Input / 1M tokens$1.00$0.30
Output / 1M tokens$2.70$1.20
Context window1M205K
Parameters——
Open weightsNoYes
ReleasedSep 2026Feb 2026

FAQ

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