MiniMax API vs OpenAI API
LLM API Providers pricing comparison · 2026
MiniMax API pricing ranges from $0.2–$3/per million tokens, while OpenAI API ranges from $0.02–$270/per million tokens. These products use different pricing models (Per-seat subscription vs Usage-based (pay per token/image/minute)), so a direct price comparison isn't meaningful — costs depend on usage volume and mix.
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MiniMax API and OpenAI API are two leading LLM API providers. This page compares their per-token pricing, available models, and tier structure so you can pick the right backend for your workload — whether you're optimizing for cost per 1M tokens, latency, or model quality.
Plan-by-Plan Pricing
| Plan | MiniMax API | OpenAI API |
|---|---|---|
| Pay-as-you-go (MiniMax M1, M2, abab6.5) | Custom | Custom |
| Enterprise | Custom | Custom |
| Enterprise | — | Custom |
Cost at Scale
Total cost of ownership — licenses, implementation, and hidden costs included.
MiniMax API
3 scenariosApproximately $0.41/month ($0.11 input + $0.30 output at M2.5 rates)
Light API Usage (1M tokens/month)
Approximately $51.75/month ($21.75 input at $0.29/1M + $30 output at $1.20/1M)
Mid-Scale Application (100M tokens/month)
Approximately $85/month ($30 input at $0.40/1M + $55 output at $2.20/1M)
Flagship Model (MiniMax M1, 100M tokens/month)
OpenAI API
4 scenarios$9.00/month
High-Volume Chatbot (nano)
$26.00/month
Production App (GPT-4.1)
$13.00/month
Reasoning Tasks (o3)
Contract Terms
| Term | MiniMax API | OpenAI API |
|---|---|---|
| Auto-renewal | — | — |
| Cancellation | — | — |
| Minimum commitment | — | — |