MiniMax M2 vs Qwen3-Max
Benchmarks, API pricing and specs, head to head. Data updated 2026-06-10.
MiniMax · Oct 2025
A 10B-active MoE tuned purely for agents and code — striking capability-per-active-parameter at rock-bottom prices.
Alibaba (Qwen) · Sep 2025
Alibaba's trillion-parameter API flagship — frontier-adjacent quality with strong agentic tool use at mid-tier prices.
The verdict
Qwen3-Max wins 3 of the 3 benchmarks these models share, against 0 for MiniMax M2. On price the gap is dramatic: MiniMax M2 works out roughly 4.6x cheaper per blended million tokens. Qwen3-Max also takes 262K of context versus 205K for MiniMax M2. And MiniMax M2 is open-weights (MIT), so it can be self-hosted — a structural advantage if data control or vendor independence matters.
Benchmark head-to-head 0–3
Specs & pricing
| MiniMax M2 | Qwen3-Max | |
|---|---|---|
| modhub Index | 68.9 | 80.5 |
| Input price / 1M | $0.3 | $1.2 |
| Output price / 1M | $1.2 | $6 |
| Context window | 205K | 262K |
| Max output | — | 66K |
| Open weights | yes (MIT) | no |
| Reasoning model | yes | yes |
| Multimodal input | text | text |
| Knowledge cutoff | Jun 2025 | Jun 2025 |
| Released | Oct 2025 | Sep 2025 |
| Example monthly cost* | $4.80 | $21.00 |
* 10M input + 1.5M output tokens per month at list prices, no caching. Green = better value on that row.
Frequently asked questions
- Which is better, MiniMax M2 or Qwen3-Max?
- Qwen3-Max wins 3 of the 3 benchmarks these models share, against 0 for MiniMax M2. On price the gap is dramatic: MiniMax M2 works out roughly 4.6x cheaper per blended million tokens. Qwen3-Max also takes 262K of context versus 205K for MiniMax M2. And MiniMax M2 is open-weights (MIT), so it can be self-hosted — a structural advantage if data control or vendor independence matters.
- Which is cheaper, MiniMax M2 or Qwen3-Max?
- MiniMax M2 costs $0.3/$1.2 per million input/output tokens, while Qwen3-Max costs $1.2/$6. For a typical workload of 10M input and 1.5M output tokens per month, that's $4.80 versus $21.00.
- Which model is better for coding, MiniMax M2 or Qwen3-Max?
- On SWE-bench Verified — the standard agentic-coding benchmark — Qwen3-Max scores 69.6% versus 69.4% for MiniMax M2, making Qwen3-Max the stronger pick for coding agents.