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GPT-5.4 vs MiniMax M2.5

GPT-5.4 leads MiniMax M2.5 on coding, 64.4 to 37.2 on the Vibe Coding Index, and MiniMax M2.5 costs 12.5x less per output token ($1.20 vs $15.00 per million). Updated October 22, 2026; 66 benchmarks have a result for both.

Replace GPT-5.4 Replace MiniMax M2.5
GPT-5.4OpenAI
Coding
64.4
Overall
69.6
Output $/M
$15.00
61
MiniMax M2.5MiniMax
Coding
37.2
Overall
37.3
Output $/M
$1.20
5
vs boards won of 66 shared

GPT-5.4 or MiniMax M2.5: which to pick

Pick GPT-5.4 for coding: it scores 64.4 on the Vibe Coding Index against 37.2 for MiniMax M2.5.

Pick MiniMax M2.5 for output tokens 12.5x cheaper ($1.20 vs $15.00 per million) and a lower cost per solved task ($0.62 against $1.02).

Model AGPT-5.4OpenAI64.4/1003 independent benchmarks$1.02 per solved taskModel BMiniMax M2.5MiniMax37.2/1003 independent benchmarks$0.62 per solved task
Shared results
66
GPT-5.4 only
44
MiniMax M2.5 only
2
Like-for-like categories
8 of 9

Only benchmarks that tested both models count toward a pick; a result only one model has is shown but not compared.

Which one for your work

Each card is decided by one number both models carry. Where only one has it, the card says so and makes no call.

At a glance

Coding index
GPT-5.4 64.4 from 3 benchmarks, MiniMax M2.5 37.2 from 3 benchmarks.
Widest category
Math, 24.5 points apart on average over 4 shared benchmarks.
Widest single gap
ARC-AGI-2: GPT-5.4 74.0% against MiniMax M2.5 4.9%, 69.1 points apart on a 0 to 100 scale.
Output price
GPT-5.4 $15.00 against MiniMax M2.5 $1.20 per million output tokens, 12.5x apart.
Context window
GPT-5.4 takes 1.05M tokens, MiniMax M2.5 205K.

Benchmark by benchmark

First the score: boards each model leads, per category, where both have a result. Then every board, a category to a fold; bars are each result on a 0 to 100 scale, so compare the two in a row, not one row with another.

Boards won, where both have a result
CategoryGPT-5.4BarsMiniMax M2.5Ties
Coding110
Intelligence20
Agentic work11
Reasoning90
Math40
Knowledge100
Web design34
General210
All shared boards615
CodingLike-for-likeSix of these boards feed the Vibe Coding Index110
Coding benchmarks for GPT-5.4 and MiniMax M2.5
BenchmarkGPT-5.4MiniMax M2.5Leader
SWE-bench VerifiedNot measured75.8%Only MiniMax M2.5 measured
SWE-bench MultilingualNot measured68.3%Only MiniMax M2.5 measured
LMArena WebDev14641386GPT-5.4
AA Coding Index71.1Not measuredOnly GPT-5.4 measured
LiveCodeBench (Vals AI)84.1%79.2%GPT-5.4
SWE-bench Verified (Vals AI)78.2%74.2%GPT-5.4
Vibe Code Bench (Vals AI)67.4%14.8%GPT-5.4
Code migration (Vals AI)35.0%Not measuredOnly GPT-5.4 measured
ProgramBench (Vals AI)0.5%Not measuredOnly GPT-5.4 measured
SkillsBench (Vals AI)51.7%Not measuredOnly GPT-5.4 measured
Terminal-Bench Hard (Artificial Analysis run)57.6%34.8%GPT-5.4
Terminal-Bench81.8%42.7%GPT-5.4
GSO-Bench31.4%Not measuredOnly GPT-5.4 measured
WeirdML77.7%Not measuredOnly GPT-5.4 measured
MirrorCode15.6%Not measuredOnly GPT-5.4 measured
ALE-Bench1607.0618.2GPT-5.4
LMArena Text: coding14961380GPT-5.4
LMArena Text: software and IT14911383GPT-5.4
LMArena WebDev: React14541374GPT-5.4
LMArena WebDev: HTML14781414GPT-5.4
LMArena WebDev: from an image1436Not measuredOnly GPT-5.4 measured
Neither model has a result on the other 18 boards here
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index20
Intelligence benchmarks for GPT-5.4 and MiniMax M2.5
BenchmarkGPT-5.4MiniMax M2.5Leader
AA Intelligence Index39.022.8GPT-5.4
Epoch Capabilities Index157.3146.6GPT-5.4
Agentic workLike-for-likePublic boards, shown as published, kept out of the index11
Agentic work benchmarks for GPT-5.4 and MiniMax M2.5
BenchmarkGPT-5.4MiniMax M2.5Leader
Design Arena: agents building web apps1059Not measuredOnly GPT-5.4 measured
Design Arena: agents building full-stack apps1017Not measuredOnly GPT-5.4 measured
Design Arena: agents building mobile apps1087Not measuredOnly GPT-5.4 measured
Design Arena: agents building Android apps1031Not measuredOnly GPT-5.4 measured
Design Arena: agents building Godot games1135Not measuredOnly GPT-5.4 measured
τ²-Bench Telecom87.1%95.3%MiniMax M2.5
APEX-Agents52.4%Not measuredOnly GPT-5.4 measured
METR time horizons74.3%Not measuredOnly GPT-5.4 measured
DeepResearch Bench35.1%Not measuredOnly GPT-5.4 measured
PostTrainBench19.0%Not measuredOnly GPT-5.4 measured
Vending-Bench 2$6,144-$23GPT-5.4
Neither model has a result on the other 30 boards here
ReasoningLike-for-likePublic boards, shown as published, kept out of the index90
Reasoning benchmarks for GPT-5.4 and MiniMax M2.5
BenchmarkGPT-5.4MiniMax M2.5Leader
GPQA Diamond91.7%82.1%GPT-5.4
MMMU Pro (Vals AI)87.5%Not measuredOnly GPT-5.4 measured
GPQA Diamond (Artificial Analysis run)92.0%84.8%GPT-5.4
Humanity's Last Exam (Artificial Analysis run)43.7%20.5%GPT-5.4
GPQA Diamond (Epoch AI run)93.3%Not measuredOnly GPT-5.4 measured
ARC-AGI93.7%63.7%GPT-5.4
ARC-AGI-274.0%4.9%GPT-5.4
Chess puzzles48.0%Not measuredOnly GPT-5.4 measured
Mystery game puzzles37.0%Not measuredOnly GPT-5.4 measured
EBR-bench25.4%Not measuredOnly GPT-5.4 measured
LMArena Text: hard prompts14851372GPT-5.4
LMArena Text: expert15071378GPT-5.4
LMArena Text: hard prompts in English14791384GPT-5.4
LMArena Vision: diagrams1327Not measuredOnly GPT-5.4 measured
LMArena Vision: homework1336Not measuredOnly GPT-5.4 measured
Kagi LLM Benchmark63.8%55.2%GPT-5.4
Neither model has a result on the other 6 boards here
MathLike-for-likePublic boards, shown as published, kept out of the index40
Math benchmarks for GPT-5.4 and MiniMax M2.5
BenchmarkGPT-5.4MiniMax M2.5Leader
AIME96.7%88.8%GPT-5.4
OTIS Mock AIME97.8%Not measuredOnly GPT-5.4 measured
FrontierMath, tiers 1 to 378.6%Not measuredOnly GPT-5.4 measured
FrontierMath, tier 449.0%Not measuredOnly GPT-5.4 measured
ProofBench56.0%4.0%GPT-5.4
LMArena Text: math14881378GPT-5.4
LMArena Text: mathematical work14971378GPT-5.4
Neither model has a result on the other 6 boards here
KnowledgeLike-for-likePublic boards, shown as published, kept out of the index100
Knowledge benchmarks for GPT-5.4 and MiniMax M2.5
BenchmarkGPT-5.4MiniMax M2.5Leader
MMLU Pro87.5%80.1%GPT-5.4
LegalBench (Vals AI)86.0%80.0%GPT-5.4
CaseLaw (Vals AI)63.8%53.5%GPT-5.4
CorpFin (Vals AI)65.3%59.6%GPT-5.4
TaxEval (Vals AI)74.0%68.2%GPT-5.4
MortgageTax (Vals AI)68.3%Not measuredOnly GPT-5.4 measured
MedQA (Vals AI)96.1%92.5%GPT-5.4
MedCode (Vals AI)41.3%Not measuredOnly GPT-5.4 measured
SimpleQA Verified45.1%Not measuredOnly GPT-5.4 measured
LMArena Text: science14791369GPT-5.4
LMArena Text: medicine and healthcare14581357GPT-5.4
LMArena Text: legal and government14861366GPT-5.4
LMArena Text: business and finance14741356GPT-5.4
Neither model has a result on the other 5 boards here
Web designLike-for-likePublic boards, shown as published, kept out of the index34
Web design benchmarks for GPT-5.4 and MiniMax M2.5
BenchmarkGPT-5.4MiniMax M2.5Leader
Design Arena: websites11981222MiniMax M2.5
Design Arena: UI components12121173GPT-5.4
Design Arena: game dev11941176GPT-5.4
Design Arena: data viz11961172GPT-5.4
Design Arena: 3D10651170MiniMax M2.5
Design Arena: all code categories11791207MiniMax M2.5
Design Arena: SVG11411150MiniMax M2.5
Design Arena: ASCII art1188Not measuredOnly GPT-5.4 measured
Neither model has a result on the other 1 board here
GeneralLike-for-likePublic boards, shown as published, kept out of the index210
General benchmarks for GPT-5.4 and MiniMax M2.5
BenchmarkGPT-5.4MiniMax M2.5Leader
SAGE (Vals AI)43.3%Not measuredOnly GPT-5.4 measured
MedScribe (Vals AI)77.5%Not measuredOnly GPT-5.4 measured
IFBench73.9%71.6%GPT-5.4
Long context reasoning (AA-LCR)82.0%73.3%GPT-5.4
DTBench94.4%Not measuredOnly GPT-5.4 measured
LMCA52.0%Not measuredOnly GPT-5.4 measured
CL-bench27.9%11.4%GPT-5.4
Furniture assembly37.5%Not measuredOnly GPT-5.4 measured
CL-bench Life21.7%6.3%GPT-5.4
LMArena Text14691359GPT-5.4
LMArena Text: instruction following14691353GPT-5.4
LMArena Text: creative writing14391331GPT-5.4
LMArena Vision1303Not measuredOnly GPT-5.4 measured
LMArena Text: English14671380GPT-5.4
LMArena Text: non-English14651338GPT-5.4
LMArena Text: Chinese15201393GPT-5.4
LMArena Text: German14721361GPT-5.4
LMArena Text: Japanese14851171GPT-5.4
LMArena Text: Korean14491233GPT-5.4
LMArena Text: French14931363GPT-5.4
LMArena Text: Spanish14521353GPT-5.4
LMArena Text: Russian14801359GPT-5.4
LMArena Text: Polish14721334GPT-5.4
LMArena Text: multi-turn14821364GPT-5.4
LMArena Text: longer queries14731366GPT-5.4
LMArena Text: writing and language14581345GPT-5.4
LMArena Text: entertainment and media14381329GPT-5.4
LMArena Vision: English1301Not measuredOnly GPT-5.4 measured
LMArena Vision: Chinese1354Not measuredOnly GPT-5.4 measured
LMArena Vision: reading text1312Not measuredOnly GPT-5.4 measured
LMArena Vision: humor1284Not measuredOnly GPT-5.4 measured
LMArena Vision: recognizing things1251Not measuredOnly GPT-5.4 measured
LMArena Vision: creative writing1283Not measuredOnly GPT-5.4 measured
LMArena Document1471Not measuredOnly GPT-5.4 measured
Neither model has a result on the other 12 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for GPT-5.4 and MiniMax M2.5
BenchmarkGPT-5.4MiniMax M2.5Leader
Neither model has a result on 5 boards here

What each workload costs

Three fixed token mixes at each model's listed price, so per-token rates become a bill.

Chat turn

1K input + 500 output tokens

GPT-5.4$0.010Fits in one request
MiniMax M2.5$0.0009Fits in one request

MiniMax M2.5 costs less

Repository review

50K input + 3K output tokens

GPT-5.4$0.170Fits in one request
MiniMax M2.5$0.019Fits in one request

MiniMax M2.5 costs less

Agent loop

200K input + 10K output tokens

GPT-5.4$0.650Fits in one request
MiniMax M2.5$0.072Exceeds the context window

MiniMax M2.5 costs less

Listed OpenRouter rates, without cache or batch discounts. A workload that does not fit a model's context window would need splitting.

Specification differences

The leading value in a row is marked; a row with a missing value names no leader. Our two rows are marked in red.

Specifications of GPT-5.4 and MiniMax M2.5
SpecificationOpenAI GPT-5.4MiniMax M2.5
MakerOpenAIMiniMax
WeightsNo public weights listedOpen weights
ReleasedMarch 5, 2026February 12, 2026
Context window1.05M205K
Input $/Mtok$2.50$0.30
Output $/Mtok$15.00$1.20
Coding index64.437.2
Independent measurements behind it33
Cost per solved task$1.02$0.62
SourceOpenRouter listingOpenRouter listing

Questions

Is GPT-5.4 better than MiniMax M2.5 for coding?

Pick GPT-5.4 for coding: it scores 64.4 on the Vibe Coding Index against 37.2 for MiniMax M2.5. Pick MiniMax M2.5 for output tokens 12.5x cheaper ($1.20 vs $15.00 per million) and a lower cost per solved task ($0.62 against $1.02).

Which is cheaper, GPT-5.4 or MiniMax M2.5?

GPT-5.4 costs $2.50 per million input tokens and $15.00 per million output tokens; MiniMax M2.5 costs $0.30 and $1.20. Per solved SWE-bench Verified task, GPT-5.4 costs $1.02 and MiniMax M2.5 $0.62.

Which has the bigger context window, GPT-5.4 or MiniMax M2.5?

GPT-5.4, with 1.05M tokens against 205K.

How many benchmarks is the GPT-5.4 vs MiniMax M2.5 comparison based on?

66 benchmarks have a result for both models as of October 22, 2026. GPT-5.4's coding index rests on 3 independent benchmarks and MiniMax M2.5's on 3. Where only one model has a result, the page says so instead of naming a winner.

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