GPT-5 Codex vs MiniMax M2.5

    Comparison

    As of August 20, 2026, MiniMax M2.5 is 87% cheaper per million tokens than GPT-5 Codex. GPT-5 Codex is $1.25 / $10.00 per million input/output tokens versus MiniMax M2.5 at $0.30 / $1.20. Sources: https://developers.openai.com/api/docs/pricing and https://anotherwrapper.com/tools/llm-pricing

    Sources: OpenAI API pricing (https://developers.openai.com/api/docs/pricing); AnotherWrapper LLM pricing (https://anotherwrapper.com/tools/llm-pricing)

    GPT-5 Codex

    OpenAI

    $11.25blended / 1M

    Input

    $1.25

    Output

    $10.00

    400K ctx|Proprietary
    87%
    cheaper
    Better value

    MiniMax M2.5

    MiniMax

    $1.50blended / 1M

    Input

    $0.30

    Output

    $1.20

    1M ctx|Open Source
    Save $9.75 per million tokens by choosing MiniMax M2.5 over GPT-5 Codex.

    GPT-5 Codex vs MiniMax M2.5 comparison

    Token pricing, specs, and benchmarks side by side

    Metric
    GPT-5 Codex
    MiniMax M2.5
    Provider
    Provider
    OpenAI
    MiniMax
    License
    Proprietary
    Open Source
    Release Date
    2025-09-15
    2026-02-12
    Pricing (per 1M tokens)
    Input Price+317%
    $1.25
    $0.30
    Output Price+733%
    $10.00
    $1.20
    Blended (1M + 1M)
    $11.25
    $1.50
    Model Details
    Context Window
    400K
    1M
    Max Output Tokens
    N/A
    1M
    Knowledge Cutoff
    2024-09-30
    N/A
    Throughput
    N/A
    100 tok/s
    Benchmarks
    82.1%
    84.7%
    79.2%
    76.3%
    4.9%
    44.3%
    42.7%
    88.8%
    20.1%
    6.2%
    59.6%
    59%
    9.8%
    6.7%
    92.5%
    74.4%
    80.1%
    68.2%
    54.2%
    Benchmark Wins
    GPT-5 Codex 4|1 MiniMax M2.5

    Verdict

    GPT-5 Codex vs MiniMax M2.5: the bottom line

    MiniMax M2.5 offers significantly lower pricing, while GPT-5 Codex leads on benchmark performance. Your choice depends on whether cost efficiency or raw capability matters more for your use case.

    GPT-5 Codex vs MiniMax M2.5 FAQ

    Which is cheaper, GPT-5 Codex or MiniMax M2.5?

    As of August 20, 2026, MiniMax M2.5 is 87% cheaper on blended LLM API pricing. MiniMax M2.5 costs $0.30 per million input tokens and $1.20 per million output tokens ($1.50 blended 1M-in + 1M-out). GPT-5 Codex costs $1.25 / $10.00 per million tokens ($11.25 blended). Sources: https://developers.openai.com/api/docs/pricing and https://anotherwrapper.com/tools/llm-pricing. The cheapest LLM for your app still depends on how many output tokens you generate.

    How much does GPT-5 Codex vs MiniMax M2.5 cost per million tokens?

    GPT-5 Codex OpenAI API pricing is $1.25 input and $10.00 output per million tokens via OpenAI. MiniMax M2.5 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.

    Which is better for coding, GPT-5 Codex or MiniMax M2.5?

    MiniMax M2.5 leads on SWE-bench Verified: GPT-5 Codex at 74.5% vs MiniMax M2.5 at 80.2%. SWE-bench measures real GitHub fixes; LiveCodeBench measures contest programming.

    What is the context window for GPT-5 Codex vs MiniMax M2.5?

    GPT-5 Codex supports a 400K token context window, while MiniMax M2.5 supports 1M tokens. MiniMax M2.5 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.

    Which model performs better on benchmarks, GPT-5 Codex or MiniMax M2.5?

    GPT-5 Codex leads on 4 of 5 shared benchmarks versus MiniMax M2.5's 1 wins. 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.

    Is GPT-5 Codex or MiniMax M2.5 better for production use?

    Both GPT-5 Codex and MiniMax M2.5 are production API models. For cost-sensitive production traffic, MiniMax M2.5 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.

    Can I switch between GPT-5 Codex and MiniMax M2.5 in my app?

    Yes. Call GPT-5 Codex through OpenAI and MiniMax M2.5 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.

    How accurate is this GPT-5 Codex vs MiniMax M2.5 pricing data?

    List rates are the latest published OpenAI API pricing and MiniMax API pricing, quoted per million tokens. Official rate sheets: https://developers.openai.com/api/docs/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.

    What is the output token limit for GPT-5 Codex and MiniMax M2.5?

    GPT-5 Codex supports up to an unspecified number of output tokens per request, while MiniMax M2.5 supports up to 1M output tokens. Output tokens are usually the expensive half of API pricing, so a higher max output cap is a capability, not a discount.

    Which model has better throughput, GPT-5 Codex or MiniMax M2.5?

    MiniMax M2.5 has a measured throughput of approximately 100 tokens/second. Throughput data for GPT-5 Codex is not yet available. 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.

    How do I switch the models in this GPT-5 Codex vs MiniMax M2.5 comparison?

    Use the model pickers at the top of this LLM comparison. Search any model in the index and the URL updates. Open GPT-5 Codex or MiniMax M2.5 from the sidebar for the single-model API pricing page, or go back to the LLM pricing table to sort by cheapest blended cost.

    GPT-5 Codex vs MiniMax M2.5 pricing

    This comparison covers API pricing, context window, throughput, and benchmark scores. GPT-5 Codex costs $1.25/M input and $10.00/M output. MiniMax M2.5 costs $0.30/M input and $1.20/M output.

    Rank both on the LLM leaderboard, SWE-bench, and Humanity's Last Exam.

    The index

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