As of August 25, 2026, MiniMax M3 is 71% cheaper per million tokens than GLM-5-Turbo. GLM-5-Turbo is $1.20 / $4.00 per million input/output tokens versus MiniMax M3 at $0.30 / $1.20. Sources: https://docs.z.ai/guides/overview/pricing and https://anotherwrapper.com/tools/llm-pricing
Sources: Z AI pricing (https://docs.z.ai/guides/overview/pricing); AnotherWrapper LLM pricing (https://anotherwrapper.com/tools/llm-pricing)
GLM-5-Turbo
Z AI
Input
$1.20
Output
$4.00
MiniMax M3
MiniMax
Input
$0.30
Output
$1.20
Token pricing, specs, and benchmarks side by side
GLM-5-TurboMiniMax M3Verdict
Both models are closely matched on benchmarks. MiniMax M3 has the pricing advantage, making it the better value unless GLM-5-Turbo's specific capabilities are critical to your workflow.
As of August 25, 2026, MiniMax M3 is 71% cheaper on blended LLM API pricing. MiniMax M3 costs $0.30 per million input tokens and $1.20 per million output tokens ($1.50 blended 1M-in + 1M-out). GLM-5-Turbo costs $1.20 / $4.00 per million tokens ($5.20 blended). Sources: https://docs.z.ai/guides/overview/pricing and https://anotherwrapper.com/tools/llm-pricing. The cheapest LLM for your app still depends on how many output tokens you generate.
GLM-5-Turbo Z AI API pricing is $1.20 input and $4.00 output per million tokens via Z AI. MiniMax M3 MiniMax API pricing is $0.30 input and $1.20 output per million tokens via MiniMax. Use those four numbers, not ChatGPT Plus or Claude Pro subscription prices, when you are comparing APIs.
MiniMax M3 has a published SWE-bench Verified score of 80.5%. GLM-5-Turbo does not have that eval on this page yet.
GLM-5-Turbo supports a 262K token context window, while MiniMax M3 supports 1M tokens. MiniMax M3 offers a larger context window. Filling a larger window bills more input tokens, so the cheaper-per-million model can still cost more on long documents.
Shared benchmark scores for GLM-5-Turbo and MiniMax M3 are still limited. Check the comparison table for the evals each model has published. Check the comparison table for GPQA Diamond, SWE-bench, MMLU, HLE, and the other evals we track. Token price and benchmark score together are the usual LLM comparison, not either number alone.
Both GLM-5-Turbo and MiniMax M3 are production API models. For cost-sensitive production traffic, MiniMax M3 has better economics on the blended 1M-in + 1M-out scale. For maximum capability, weight the benchmark table for your domain. Many production stacks route cheap models for drafts and a frontier model for the hard turn, which is usually cheaper than sending everything to the expensive API.
Yes. Call GLM-5-Turbo through Z AI and MiniMax M3 through MiniMax with separate API keys, or through a gateway that already wraps both. Keep prompts in tokens, not characters, when you estimate the invoice. AnotherWrapper templates can swap providers without rewriting auth and billing.
List rates are the latest published Z AI API pricing and MiniMax API pricing, quoted per million tokens. Official rate sheets: https://docs.z.ai/guides/overview/pricing and https://anotherwrapper.com/tools/llm-pricing. Prompt caching, batch APIs, and committed-use discounts can change the invoice. Benchmark scores are from official publications and independent evals, updated as new numbers land.
GLM-5-Turbo supports up to an unspecified number of output tokens per request, while MiniMax M3 supports up to 131K output tokens. Output tokens are usually the expensive half of API pricing, so a higher max output cap is a capability, not a discount.
Neither GLM-5-Turbo nor MiniMax M3 has published throughput data on this page yet. Throughput (tokens per second) and time-to-first-token are why two models with the same per-million-token price can still feel different in chat and agents.
Use the model pickers at the top of this LLM comparison. Search any model in the index and the URL updates. Open GLM-5-Turbo or MiniMax M3 from the sidebar for the single-model API pricing page, or go back to the LLM pricing table to sort by cheapest blended cost.
This comparison covers API pricing, context window, throughput, and benchmark scores. GLM-5-Turbo costs $1.20/M input and $4.00/M output. MiniMax M3 costs $0.30/M input and $1.20/M output.
Rank both on the LLM leaderboard, SWE-bench, and Humanity's Last Exam.
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