How much does the MiniMax M2.5 API cost?

MiniMax M2.5 costs $0.3 per 1M input tokens and $1.2 per 1M output tokens on Inferray, and cached input is $0.03 per 1M. That is the list price, with no gateway fee on top.

Is there a free tier for MiniMax M2.5?

No. You add credit and pay MiniMax M2.5's list rate for each request — seats, projects, and API keys are free, and pay-as-you-go credit never expires.

Am I charged for failed requests?

No. A request that fails without returning a result is not billed. If a response fails part-way, the tokens already processed before the failure are charged.

Is MiniMax M2.5 included in Token Plans?

No. MiniMax M2.5 is pay-as-you-go only; Token Plans cover the other text models in the catalog.

Can I use MiniMax M2.5 in Claude Code?

Yes. Set ANTHROPIC_BASE_URL to https://api.inferray.com, ANTHROPIC_AUTH_TOKEN to your Inferray key, and ANTHROPIC_MODEL to minimax-m2.5. The same key works in Codex, opencode, Cline, and other agents.

Does MiniMax M2.5 support tool calling and vision?

MiniMax M2.5 supports tool calling, reasoning and streaming on Inferray. It does not take image input.

Is it the real MiniMax M2.5?

Yes. A request for minimax-m2.5 is answered by MiniMax M2.5 from MiniMax, billed at its published list price. Inferray never substitutes a different or smaller model.

MiniMaxChatminimax-m2.5

MiniMax M2.5 API

Input: $0.3per 1M tokens
Output: $1.2per 1M tokens
Cached input: $0.03per 1M tokens
Context: 205K

No gateway feesPay-as-you-go only

MiniMax M2.5 for OpenAI-style Chat Completions, Anthropic-style Messages, OpenAI-style Responses.

Explore MiniMax M2.5 for OpenAI-style Chat Completions, Anthropic-style Messages, OpenAI-style Responses through the unified API. Supported interfaces and current availability are shown below.

OpenAI-style Chat Completions
Anthropic-style Messages
OpenAI-style Responses

Get your API key Try in playground Compare models

Model details

Context window: 205K tokens
Max output: 131K tokens
Input: Text
Output: Text
Capabilities: Reasoning, Tool calling, Streaming
Interfaces: OpenAI-style Chat Completions, Anthropic-style Messages, OpenAI-style Responses

MiniMax M2.5 API pricing

Per 1M tokens. The Inferray price is what you are charged — no gateway fee is added on top of it.

MiniMax M2.5 pricing.
Metric	Price
Input	$0.3
Cached input	$0.03
Output	$1.2

What MiniMax M2.5 costs for real work

Typical workloads at list price, worked out from the rates above. Nothing is added on top.

Workload	Tokens	Cost
1,000 chat replies	1,500 tokens in, 400 out, each	$0.930
Summarise a 100-page document	60K tokens in, 2K out	$0.020
10M tokens of coding-agent work	10M tokens: 85% cached input, 12% fresh input, 3% output	$0.975
1M output tokens	Generated text only	$1.20

MiniMax M2.5 is pay-as-you-go only

MiniMax M2.5 is not included in Token Plans. Call it from a pay-as-you-go balance at the list price above, with no gateway fee.

Why teams pick it

MiniMax M2.5 for OpenAI-style Chat Completions, Anthropic-style Messages, OpenAI-style Responses.

Call MiniMax M2.5

MiniMax M2.5 answers on any of the APIs below — pick the one your code already speaks and just swap in your Inferray key.

/v1/chat/completionsOpenAI-style Chat Completions · openai SDK or plain HTTP

curl https://api.inferray.com/v1/chat/completions \
  -H "Authorization: Bearer inferray_..." \
  -H "Content-Type: application/json" \
  -d '{
  "model": "minimax-m2.5",
  "messages": [
    {
      "role": "user",
      "content": "Hello"
    }
  ]
}'

/v1/messagesAnthropic-style Messages · @anthropic-ai/sdk SDK or plain HTTP

curl https://api.inferray.com/v1/messages \
  -H "Authorization: Bearer inferray_..." \
  -H "Content-Type: application/json" \
  -d '{
  "model": "minimax-m2.5",
  "max_tokens": 1024,
  "messages": [
    {
      "role": "user",
      "content": "Hello"
    }
  ]
}'

/v1/responsesOpenAI-style Responses · openai SDK or plain HTTP

curl https://api.inferray.com/v1/responses \
  -H "Authorization: Bearer inferray_..." \
  -H "Content-Type: application/json" \
  -d '{
  "model": "minimax-m2.5",
  "input": "Hello"
}'

Conversation compaction is also available at POST /v1/responses/compact.

Use MiniMax M2.5 in your tools

Every coding agent below has a setup guide. Set the model to minimax-m2.5.

Run MiniMax M2.5 in Claude Code

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Questions about this model

How much does the MiniMax M2.5 API cost?: MiniMax M2.5 costs $0.3 per 1M input tokens and $1.2 per 1M output tokens on Inferray, and cached input is $0.03 per 1M. That is the list price, with no gateway fee on top.
Is there a free tier for MiniMax M2.5?: No. You add credit and pay MiniMax M2.5's list rate for each request — seats, projects, and API keys are free, and pay-as-you-go credit never expires.
Am I charged for failed requests?: No. A request that fails without returning a result is not billed. If a response fails part-way, the tokens already processed before the failure are charged.
Is MiniMax M2.5 included in Token Plans?: No. MiniMax M2.5 is pay-as-you-go only; Token Plans cover the other text models in the catalog.
Can I use MiniMax M2.5 in Claude Code?: Yes. Set ANTHROPIC_BASE_URL to https://api.inferray.com, ANTHROPIC_AUTH_TOKEN to your Inferray key, and ANTHROPIC_MODEL to minimax-m2.5. The same key works in Codex, opencode, Cline, and other agents.
Does MiniMax M2.5 support tool calling and vision?: MiniMax M2.5 supports tool calling, reasoning and streaming on Inferray. It does not take image input.
Is it the real MiniMax M2.5?: Yes. A request for minimax-m2.5 is answered by MiniMax M2.5 from MiniMax, billed at its published list price. Inferray never substitutes a different or smaller model.

Prices from the catalog as of November 12, 2026.