MiniMax M2.1 vs Step 5 Preview
Step 5 Preview leads MiniMax M2.1 on the Artificial Analysis Intelligence Index, 43.7 to 20.9, and MiniMax M2.1 costs 2.3x less per output token ($1.20 vs $2.70 per million). Updated October 21, 2026; 3 benchmarks have a result for both.
MiniMax M2.1 or Step 5 Preview: which to pick
Only Step 5 Preview has a coding score, 61.1 on the Vibe Coding Index; MiniMax M2.1 has none, so the two cannot be ranked on coding.
Pick MiniMax M2.1 for output tokens 2.3x cheaper ($1.20 vs $2.70 per million).
- Shared results
- 3
- MiniMax M2.1 only
- 31
- Step 5 Preview only
- 58
- Like-for-like categories
- 3 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.
Coding
Vibe Coding Index, six public coding benchmarks
No call
Only Step 5 Preview has a coding score, so no call is made.
One side not measured
Intelligence
AA Intelligence Index
Step 5 Preview
Step 5 Preview leads, 43.7 against 20.9.
Same board, both measured
Reasoning
GPQA Diamond
No call
Only MiniMax M2.1 has a GPQA Diamond result, 78.5%.
Directional only
Math
AIME
No call
Only MiniMax M2.1 has a AIME result, 77.9%.
Directional only
Knowledge
MMLU Pro
No call
Only MiniMax M2.1 has a MMLU Pro result, 87.0%.
Directional only
Web design
Design Arena: websites
No call
Only MiniMax M2.1 has a Design Arena: websites result, 1201.
Directional only
Long documents
Listed context window
Step 5 Preview
Step 5 Preview takes 1.05M tokens against 205K.
Listed by OpenRouter
Everyday cost
1K input + 500 output tokens
MiniMax M2.1
MiniMax M2.1 $0.0009, Step 5 Preview $0.0024 per turn.
List prices
Cost per solved task
One SWE-bench Verified task, solved
No call
Only MiniMax M2.1 has the number, $0.59.
Directional only
At a glance
- Coding index
- MiniMax M2.1 not benchmarked, Step 5 Preview 61.1 from 4 benchmarks.
- Widest category
- Reasoning, 23.3 points apart on average over 1 shared benchmark.
- Widest single gap
- Humanity's Last Exam (Artificial Analysis run): MiniMax M2.1 23.2% against Step 5 Preview 46.5%, 23.3 points apart on a 0 to 100 scale.
- Output price
- MiniMax M2.1 $1.20 against Step 5 Preview $2.70 per million output tokens, 2.3x apart.
- Context window
- MiniMax M2.1 takes 205K tokens, Step 5 Preview 1.05M.
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.
| Category | MiniMax M2.1 | Bars | Step 5 Preview | Ties |
|---|---|---|---|---|
| Intelligence | 0 | 1 | ||
| Reasoning | 0 | 1 | ||
| General | 0 | 1 | ||
| All shared boards | 0 | 3 |
CodingDirectional onlySix of these boards feed the Vibe Coding Index19 boards, none shared
| Benchmark | MiniMax M2.1 | Step 5 Preview | Leader |
|---|---|---|---|
| LiveBench coding | Not measured | 85.6% | Only Step 5 Preview measured |
| LMArena WebDev | Not measured | 1567 | Only Step 5 Preview measured |
| LiveCodeBench (Vals AI) | 81.8% | Not measured | Only MiniMax M2.1 measured |
| SWE-bench Verified (Vals AI) | 74.8% | Not measured | Only MiniMax M2.1 measured |
| Terminal-Bench 4 (Vals AI) | Not measured | 31.8% | Only Step 5 Preview measured |
| Vibe Code Bench (Vals AI) | Not measured | 70.4% | Only Step 5 Preview measured |
| Code migration (Vals AI) | Not measured | 39.0% | Only Step 5 Preview measured |
| IOI (Vals AI) | Not measured | 38.1% | Only Step 5 Preview measured |
| SWE-bench Multimodal (Vals AI) | Not measured | 40.8% | Only Step 5 Preview measured |
| LiveCodeBench (Artificial Analysis run) | 81.0% | Not measured | Only MiniMax M2.1 measured |
| SciCode | Not measured | 58.9% | Only Step 5 Preview measured |
| Terminal-Bench Hard (Artificial Analysis run) | 28.8% | Not measured | Only MiniMax M2.1 measured |
| Terminal-Bench | 36.6% | Not measured | Only MiniMax M2.1 measured |
| ALE-Bench | 623.8 | Not measured | Only MiniMax M2.1 measured |
| LMArena Text: coding | Not measured | 1485 | Only Step 5 Preview measured |
| LMArena Text: software and IT | Not measured | 1473 | Only Step 5 Preview measured |
| LMArena WebDev: React | Not measured | 1583 | Only Step 5 Preview measured |
| LMArena WebDev: HTML | Not measured | 1556 | Only Step 5 Preview measured |
| LMArena WebDev: from an image | Not measured | 1550 | Only Step 5 Preview measured |
| Neither model has a result on the other 20 boards here | |||
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index01
| Benchmark | MiniMax M2.1 | Step 5 Preview | Leader |
|---|---|---|---|
| AA Intelligence Index | 20.9 | 43.7 | Step 5 Preview |
| Neither model has a result on the other 1 board here | |||
Agentic workDirectional onlyPublic boards, shown as published, kept out of the index12 boards, none shared
| Benchmark | MiniMax M2.1 | Step 5 Preview | Leader |
|---|---|---|---|
| LiveBench research | Not measured | 72.8% | Only Step 5 Preview measured |
| LiveBench browser | Not measured | 24.0% | Only Step 5 Preview measured |
| LiveBench long agentic | Not measured | 27.5% | Only Step 5 Preview measured |
| SREBench (Vals AI) | Not measured | 0.4% | Only Step 5 Preview measured |
| Finance Agent (Vals AI) | Not measured | 50.7% | Only Step 5 Preview measured |
| Tax Agent Bench (Vals AI) | Not measured | 27.3% | Only Step 5 Preview measured |
| Legal Research Bench (Vals AI) | Not measured | 40.4% | Only Step 5 Preview measured |
| Excel Modeling Benchmark (Vals AI) | Not measured | 57.1% | Only Step 5 Preview measured |
| BioMysteryBench (Vals AI) | Not measured | 67.4% | Only Step 5 Preview measured |
| Terminal-Bench-Science (Vals AI) | Not measured | 2.9% | Only Step 5 Preview measured |
| Vals Science Index | Not measured | 29.6% | Only Step 5 Preview measured |
| τ²-Bench Telecom | 85.4% | Not measured | Only MiniMax M2.1 measured |
| Neither model has a result on the other 29 boards here | |||
ReasoningLike-for-likePublic boards, shown as published, kept out of the index01
| Benchmark | MiniMax M2.1 | Step 5 Preview | Leader |
|---|---|---|---|
| GPQA Diamond | 78.5% | Not measured | Only MiniMax M2.1 measured |
| LiveBench reasoning | Not measured | 83.8% | Only Step 5 Preview measured |
| MysteryMechanism (Vals AI) | Not measured | 18.5% | Only Step 5 Preview measured |
| GPQA Diamond (Artificial Analysis run) | 83.0% | Not measured | Only MiniMax M2.1 measured |
| Humanity's Last Exam (Artificial Analysis run) | 23.2% | 46.5% | Step 5 Preview |
| LMArena Text: hard prompts | Not measured | 1461 | Only Step 5 Preview measured |
| LMArena Text: expert | Not measured | 1485 | Only Step 5 Preview measured |
| LMArena Text: hard prompts in English | Not measured | 1454 | Only Step 5 Preview measured |
| LMArena Vision: diagrams | Not measured | 1308 | Only Step 5 Preview measured |
| LMArena Vision: homework | Not measured | 1265 | Only Step 5 Preview measured |
| Neither model has a result on the other 12 boards here | |||
MathDirectional onlyPublic boards, shown as published, kept out of the index8 boards, none shared
| Benchmark | MiniMax M2.1 | Step 5 Preview | Leader |
|---|---|---|---|
| AIME | 77.9% | Not measured | Only MiniMax M2.1 measured |
| MATH 500 (Vals AI) | 89.0% | Not measured | Only MiniMax M2.1 measured |
| MGSM (Vals AI) | 87.8% | Not measured | Only MiniMax M2.1 measured |
| AA Math Index | 82.7 | Not measured | Only MiniMax M2.1 measured |
| AIME 2025 (Artificial Analysis run) | 82.7% | Not measured | Only MiniMax M2.1 measured |
| ProofBench | Not measured | 42.0% | Only Step 5 Preview measured |
| LMArena Text: math | Not measured | 1458 | Only Step 5 Preview measured |
| LMArena Text: mathematical work | Not measured | 1460 | Only Step 5 Preview measured |
| Neither model has a result on the other 5 boards here | |||
KnowledgeDirectional onlyPublic boards, shown as published, kept out of the index12 boards, none shared
| Benchmark | MiniMax M2.1 | Step 5 Preview | Leader |
|---|---|---|---|
| MMLU Pro | 87.0% | Not measured | Only MiniMax M2.1 measured |
| LegalBench (Vals AI) | 75.5% | Not measured | Only MiniMax M2.1 measured |
| CaseLaw (Vals AI) | 55.8% | Not measured | Only MiniMax M2.1 measured |
| CorpFin (Vals AI) | 58.9% | Not measured | Only MiniMax M2.1 measured |
| TaxEval (Vals AI) | 66.3% | Not measured | Only MiniMax M2.1 measured |
| MedQA (Vals AI) | 91.2% | Not measured | Only MiniMax M2.1 measured |
| MedCode (Vals AI) | 34.1% | Not measured | Only MiniMax M2.1 measured |
| MMLU Pro (Artificial Analysis run) | 87.5% | Not measured | Only MiniMax M2.1 measured |
| LMArena Text: science | Not measured | 1454 | Only Step 5 Preview measured |
| LMArena Text: medicine and healthcare | Not measured | 1439 | Only Step 5 Preview measured |
| LMArena Text: legal and government | Not measured | 1437 | Only Step 5 Preview measured |
| LMArena Text: business and finance | Not measured | 1435 | Only Step 5 Preview measured |
| Neither model has a result on the other 6 boards here | |||
Web designDirectional onlyPublic boards, shown as published, kept out of the index8 boards, none shared
| Benchmark | MiniMax M2.1 | Step 5 Preview | Leader |
|---|---|---|---|
| Design Arena: websites | 1201 | Not measured | Only MiniMax M2.1 measured |
| Design Arena: UI components | 1223 | Not measured | Only MiniMax M2.1 measured |
| Design Arena: game dev | 1134 | Not measured | Only MiniMax M2.1 measured |
| Design Arena: data viz | 1206 | Not measured | Only MiniMax M2.1 measured |
| Design Arena: 3D | 1165 | Not measured | Only MiniMax M2.1 measured |
| Design Arena: all code categories | 1190 | Not measured | Only MiniMax M2.1 measured |
| Design Arena: SVG | 1132 | Not measured | Only MiniMax M2.1 measured |
| LiveBench design | Not measured | 76.9% | Only Step 5 Preview measured |
| Neither model has a result on the other 1 board here | |||
GeneralLike-for-likePublic boards, shown as published, kept out of the index01
| Benchmark | MiniMax M2.1 | Step 5 Preview | Leader |
|---|---|---|---|
| LiveBench data analysis | Not measured | 63.5% | Only Step 5 Preview measured |
| Public Benefits Bench (Vals AI) | Not measured | 58.1% | Only Step 5 Preview measured |
| MedScribe (Vals AI) | 80.8% | Not measured | Only MiniMax M2.1 measured |
| IFBench | 69.9% | Not measured | Only MiniMax M2.1 measured |
| Long context reasoning (AA-LCR) | 67.7% | 88.3% | Step 5 Preview |
| LMArena Text | Not measured | 1440 | Only Step 5 Preview measured |
| LMArena Text: instruction following | Not measured | 1438 | Only Step 5 Preview measured |
| LMArena Text: creative writing | Not measured | 1409 | Only Step 5 Preview measured |
| LMArena Vision | Not measured | 1265 | Only Step 5 Preview measured |
| LMArena Text: English | Not measured | 1447 | Only Step 5 Preview measured |
| LMArena Text: non-English | Not measured | 1428 | Only Step 5 Preview measured |
| LMArena Text: Chinese | Not measured | 1500 | Only Step 5 Preview measured |
| LMArena Text: Japanese | Not measured | 1383 | Only Step 5 Preview measured |
| LMArena Text: French | Not measured | 1438 | Only Step 5 Preview measured |
| LMArena Text: Spanish | Not measured | 1441 | Only Step 5 Preview measured |
| LMArena Text: Russian | Not measured | 1433 | Only Step 5 Preview measured |
| LMArena Text: multi-turn | Not measured | 1437 | Only Step 5 Preview measured |
| LMArena Text: longer queries | Not measured | 1449 | Only Step 5 Preview measured |
| LMArena Text: writing and language | Not measured | 1425 | Only Step 5 Preview measured |
| LMArena Text: entertainment and media | Not measured | 1412 | Only Step 5 Preview measured |
| LMArena Vision: English | Not measured | 1290 | Only Step 5 Preview measured |
| LMArena Vision: reading text | Not measured | 1282 | Only Step 5 Preview measured |
| Neither model has a result on the other 24 boards here | |||
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
| Benchmark | MiniMax M2.1 | Step 5 Preview | Leader |
|---|---|---|---|
| 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
MiniMax M2.1 costs less
Repository review
50K input + 3K output tokens
MiniMax M2.1 costs less
Agent loop
200K input + 10K output tokens
MiniMax M2.1 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.
| Specification | MiniMax M2.1 | StepFun Step 5 Preview |
|---|---|---|
| Maker | MiniMax | StepFun |
| Weights | Open weights | Open weights |
| Released | December 23, 2025 | October 8, 2026 |
| Context window | 205K | 1.05M |
| Input $/Mtok | $0.30 | $1.00 |
| Output $/Mtok | $1.20 | $2.70 |
| Coding index | Not benchmarked | 61.1 |
| Independent measurements behind it | 1 | 4 |
| Cost per solved task | $0.59 | Not computable |
| Source | OpenRouter listing | OpenRouter listing |
Questions
Is MiniMax M2.1 better than Step 5 Preview for coding?
Only Step 5 Preview has a coding score, 61.1 on the Vibe Coding Index; MiniMax M2.1 has none, so the two cannot be ranked on coding. Pick MiniMax M2.1 for output tokens 2.3x cheaper ($1.20 vs $2.70 per million).
Which is cheaper, MiniMax M2.1 or Step 5 Preview?
MiniMax M2.1 costs $0.30 per million input tokens and $1.20 per million output tokens; Step 5 Preview costs $1.00 and $2.70. Cost per solved task is known for MiniMax M2.1 only.
Which has the bigger context window, MiniMax M2.1 or Step 5 Preview?
Step 5 Preview, with 1.05M tokens against 205K.
How many benchmarks is the MiniMax M2.1 vs Step 5 Preview comparison based on?
3 benchmarks have a result for both models as of October 21, 2026. MiniMax M2.1's coding index rests on 1 independent benchmark and Step 5 Preview's on 4. Where only one model has a result, the page says so instead of naming a winner.