MiniMax M2 vs o3
o3 leads MiniMax M2 on the Artificial Analysis Intelligence Index, 20.2 to 18.6, and MiniMax M2 costs 7.8x less per output token ($1.02 vs $8.00 per million). Updated October 21, 2026; 44 benchmarks have a result for both.
MiniMax M2 or o3: which to pick
Neither model has a coding score yet, so the two cannot be ranked on coding.
Pick MiniMax M2 for output tokens 7.8x cheaper ($1.02 vs $8.00 per million) and a larger context window (205K against 200K tokens).
- Shared results
- 44
- MiniMax M2 only
- 6
- o3 only
- 58
- 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.
Coding
Vibe Coding Index, six public coding benchmarks
No call
Neither has a coding score yet.
One side not measured
Intelligence
AA Intelligence Index
o3
o3 leads, 20.2 against 18.6.
Same board, both measured
Reasoning
GPQA Diamond
No call
Only o3 has a GPQA Diamond result, 84.1%.
Directional only
Math
AIME
No call
Only o3 has a AIME result, 85.3%.
Directional only
Knowledge
MMLU Pro
No call
Only o3 has a MMLU Pro result, 85.6%.
Directional only
Web design
Design Arena: websites
MiniMax M2
MiniMax M2 leads, 1143 against 1036.
Same board, both measured
Long documents
Listed context window
MiniMax M2
MiniMax M2 takes 205K tokens against 200K.
Listed by OpenRouter
Everyday cost
1K input + 500 output tokens
MiniMax M2
MiniMax M2 $0.0008, o3 $0.0060 per turn.
List prices
Cost per solved task
One SWE-bench Verified task, solved
o3
MiniMax M2 $0.702, o3 $0.571.
Published attempt cost and pass rate
At a glance
- Coding index
- MiniMax M2 not benchmarked, o3 not benchmarked.
- Widest category
- Web design, 12.1 points apart on average over 5 shared benchmarks.
- Widest single gap
- LMArena Text: Polish: MiniMax M2 1312 against o3 1438, 21.0 points apart on a 0 to 100 scale.
- Output price
- MiniMax M2 $1.02 against o3 $8.00 per million output tokens, 7.8x apart.
- Context window
- MiniMax M2 takes 205K tokens, o3 200K.
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 | Bars | o3 | Ties |
|---|---|---|---|---|
| Coding | 2 | 3 | ||
| Intelligence | 0 | 1 | ||
| Agentic work | 1 | 0 | ||
| Reasoning | 0 | 6 | ||
| Math | 0 | 4 | ||
| Knowledge | 0 | 5 | ||
| Web design | 4 | 1 | ||
| General | 1 | 16 | ||
| All shared boards | 8 | 36 |
CodingLike-for-likeSix of these boards feed the Vibe Coding Index23
| Benchmark | MiniMax M2 | o3 | Leader |
|---|---|---|---|
| Aider polyglot | Not measured | 81.3% | Only o3 measured |
| SWE-bench Verified | 61.0% | 58.4% | MiniMax M2 |
| SWE-bench Multimodal | Not measured | 36.0% | Only o3 measured |
| LMArena WebDev | 1297 | Not measured | Only MiniMax M2 measured |
| LiveCodeBench (Vals AI) | Not measured | 83.9% | Only o3 measured |
| LiveCodeBench (Artificial Analysis run) | 82.6% | 80.8% | MiniMax M2 |
| Terminal-Bench Hard (Artificial Analysis run) | 25.8% | 37.1% | o3 |
| Terminal-Bench | 30.0% | Not measured | Only MiniMax M2 measured |
| GSO-Bench | Not measured | 8.8% | Only o3 measured |
| WeirdML | Not measured | 52.4% | Only o3 measured |
| ALE-Bench | Not measured | 933.5 | Only o3 measured |
| LMArena Text: coding | 1371 | 1407 | o3 |
| LMArena Text: software and IT | 1373 | 1415 | o3 |
| LMArena WebDev: HTML | 1306 | Not measured | Only MiniMax M2 measured |
| SciCode | Not measured | 9.2% | Only o3 measured |
| Neither model has a result on the other 24 boards here | |||
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index01
| Benchmark | MiniMax M2 | o3 | Leader |
|---|---|---|---|
| AA Intelligence Index | 18.6 | 20.2 | o3 |
| Epoch Capabilities Index | Not measured | 146.7 | Only o3 measured |
Agentic workLike-for-likePublic boards, shown as published, kept out of the index10
| Benchmark | MiniMax M2 | o3 | Leader |
|---|---|---|---|
| τ²-Bench Telecom | 86.8% | 80.7% | MiniMax M2 |
| METR time horizons | Not measured | 65.4% | Only o3 measured |
| GDPval | Not measured | 30.8% | Only o3 measured |
| DeepResearch Bench | Not measured | 45.2% | Only o3 measured |
| OSWorld | Not measured | 23.0% | Only o3 measured |
| Vending-Bench 2 | $161 | Not measured | Only MiniMax M2 measured |
| Berkeley Function Calling Leaderboard (BFCL) | Not measured | 63.0% | Only o3 measured |
| BrowseComp-Plus | Not measured | 65.9% | Only o3 measured |
| Neither model has a result on the other 33 boards here | |||
ReasoningLike-for-likePublic boards, shown as published, kept out of the index06
| Benchmark | MiniMax M2 | o3 | Leader |
|---|---|---|---|
| GPQA Diamond | Not measured | 84.1% | Only o3 measured |
| MMMU Pro (Vals AI) | Not measured | 80.4% | Only o3 measured |
| GPQA Diamond (Artificial Analysis run) | 77.7% | 82.7% | o3 |
| Humanity's Last Exam (Artificial Analysis run) | 13.7% | 20.1% | o3 |
| GPQA Diamond (Epoch AI run) | Not measured | 81.8% | Only o3 measured |
| ARC-AGI | Not measured | 60.8% | Only o3 measured |
| ARC-AGI-2 | Not measured | 6.5% | Only o3 measured |
| SimpleBench | Not measured | 53.1% | Only o3 measured |
| Chess puzzles | Not measured | 37.0% | Only o3 measured |
| Mystery game puzzles | Not measured | 29.0% | Only o3 measured |
| VPCT | Not measured | 52.0% | Only o3 measured |
| LMArena Text: hard prompts | 1357 | 1402 | o3 |
| LMArena Text: expert | 1338 | 1402 | o3 |
| LMArena Text: hard prompts in English | 1376 | 1411 | o3 |
| LMArena Vision: diagrams | Not measured | 1220 | Only o3 measured |
| LMArena Vision: homework | Not measured | 1234 | Only o3 measured |
| Kagi LLM Benchmark | 57.8% | 67.6% | o3 |
| Neither model has a result on the other 5 boards here | |||
MathLike-for-likePublic boards, shown as published, kept out of the index04
| Benchmark | MiniMax M2 | o3 | Leader |
|---|---|---|---|
| AIME | Not measured | 85.3% | Only o3 measured |
| MATH 500 (Vals AI) | Not measured | 94.6% | Only o3 measured |
| MGSM (Vals AI) | Not measured | 91.8% | Only o3 measured |
| AA Math Index | 78.3 | 88.3 | o3 |
| AIME 2025 (Artificial Analysis run) | 78.3% | 88.3% | o3 |
| OTIS Mock AIME | Not measured | 84.4% | Only o3 measured |
| FrontierMath, tiers 1 to 3 | Not measured | 33.3% | Only o3 measured |
| MATH level 5 | Not measured | 97.8% | Only o3 measured |
| LMArena Text: math | 1351 | 1426 | o3 |
| LMArena Text: mathematical work | 1368 | 1423 | o3 |
| Neither model has a result on the other 3 boards here | |||
KnowledgeLike-for-likePublic boards, shown as published, kept out of the index05
| Benchmark | MiniMax M2 | o3 | Leader |
|---|---|---|---|
| MMLU Pro | Not measured | 85.6% | Only o3 measured |
| LegalBench (Vals AI) | Not measured | 83.8% | Only o3 measured |
| CorpFin (Vals AI) | Not measured | 59.7% | Only o3 measured |
| TaxEval (Vals AI) | Not measured | 74.6% | Only o3 measured |
| MortgageTax (Vals AI) | Not measured | 65.7% | Only o3 measured |
| MedQA (Vals AI) | Not measured | 96.1% | Only o3 measured |
| MedCode (Vals AI) | Not measured | 47.3% | Only o3 measured |
| MMLU Pro (Artificial Analysis run) | 82.0% | 85.3% | o3 |
| SimpleQA Verified | Not measured | 49.4% | Only o3 measured |
| GeoBench | Not measured | 74.0% | Only o3 measured |
| LMArena Text: science | 1348 | 1429 | o3 |
| LMArena Text: medicine and healthcare | 1367 | 1448 | o3 |
| LMArena Text: legal and government | 1349 | 1428 | o3 |
| LMArena Text: business and finance | 1336 | 1393 | o3 |
| FACTS Benchmark Suite | Not measured | 44.4% | Only o3 measured |
| Neither model has a result on the other 3 boards here | |||
Web designLike-for-likePublic boards, shown as published, kept out of the index41
| Benchmark | MiniMax M2 | o3 | Leader |
|---|---|---|---|
| Design Arena: websites | 1143 | 1036 | MiniMax M2 |
| Design Arena: UI components | 1136 | 1017 | MiniMax M2 |
| Design Arena: game dev | 1118 | 1034 | MiniMax M2 |
| Design Arena: data viz | 1140 | 1200 | o3 |
| Design Arena: 3D | 1098 | Not measured | Only MiniMax M2 measured |
| Design Arena: all code categories | 1135 | 1020 | MiniMax M2 |
| Design Arena: SVG | 1100 | Not measured | Only MiniMax M2 measured |
| Neither model has a result on the other 2 boards here | |||
GeneralLike-for-likePublic boards, shown as published, kept out of the index116
| Benchmark | MiniMax M2 | o3 | Leader |
|---|---|---|---|
| SAGE (Vals AI) | Not measured | 41.8% | Only o3 measured |
| MedScribe (Vals AI) | Not measured | 76.7% | Only o3 measured |
| IFBench | 72.3% | 71.4% | MiniMax M2 |
| Long context reasoning (AA-LCR) | 64.3% | 74.7% | o3 |
| DTBench | Not measured | 84.8% | Only o3 measured |
| LMCA | Not measured | 39.7% | Only o3 measured |
| Fiction.LiveBench | Not measured | 88.9% | Only o3 measured |
| Creative writing (Lech Mazur) | Not measured | 83.9% | Only o3 measured |
| CL-bench | Not measured | 17.8% | Only o3 measured |
| LMArena Text | 1340 | 1410 | o3 |
| LMArena Text: instruction following | 1329 | 1368 | o3 |
| LMArena Text: creative writing | 1286 | 1359 | o3 |
| LMArena Vision | Not measured | 1214 | Only o3 measured |
| LMArena Text: English | 1364 | 1417 | o3 |
| LMArena Text: non-English | 1313 | 1401 | o3 |
| LMArena Text: Chinese | 1366 | 1437 | o3 |
| LMArena Text: German | 1357 | 1420 | o3 |
| LMArena Text: Japanese | Not measured | 1403 | Only o3 measured |
| LMArena Text: Korean | Not measured | 1370 | Only o3 measured |
| LMArena Text: French | 1336 | 1430 | o3 |
| LMArena Text: Spanish | 1326 | 1395 | o3 |
| LMArena Text: Russian | 1330 | 1406 | o3 |
| LMArena Text: Polish | 1312 | 1438 | o3 |
| LMArena Text: multi-turn | 1361 | 1405 | o3 |
| LMArena Text: longer queries | 1331 | 1372 | o3 |
| LMArena Text: writing and language | 1295 | 1372 | o3 |
| LMArena Text: entertainment and media | 1298 | 1373 | o3 |
| LMArena Vision: English | Not measured | 1221 | Only o3 measured |
| LMArena Vision: Chinese | Not measured | 1237 | Only o3 measured |
| LMArena Vision: reading text | Not measured | 1218 | Only o3 measured |
| LMArena Vision: humor | Not measured | 1222 | Only o3 measured |
| LMArena Vision: captioning | Not measured | 1210 | Only o3 measured |
| LMArena Vision: recognizing things | Not measured | 1234 | Only o3 measured |
| LMArena Vision: creative writing | Not measured | 1201 | Only o3 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
| Benchmark | MiniMax M2 | o3 | 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 costs less
Repository review
50K input + 3K output tokens
MiniMax M2 costs less
Agent loop
200K input + 10K output tokens
MiniMax M2 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 | OpenAI o3 |
|---|---|---|
| Maker | MiniMax | OpenAI |
| Weights | Open weights | No public weights listed |
| Released | October 23, 2025 | April 16, 2025 |
| Context window | 205K | 200K |
| Input $/Mtok | $0.255 | $2.00 |
| Output $/Mtok | $1.02 | $8.00 |
| Coding index | Not benchmarked | Not benchmarked |
| Independent measurements behind it | 1 | 0 |
| Cost per solved task | $0.702 | $0.571 |
| Source | OpenRouter listing | OpenRouter listing |
Questions
Is MiniMax M2 better than o3 for coding?
Neither model has a coding score yet, so the two cannot be ranked on coding. Pick MiniMax M2 for output tokens 7.8x cheaper ($1.02 vs $8.00 per million) and a larger context window (205K against 200K tokens).
Which is cheaper, MiniMax M2 or o3?
MiniMax M2 costs $0.255 per million input tokens and $1.02 per million output tokens; o3 costs $2.00 and $8.00. Per solved SWE-bench Verified task, MiniMax M2 costs $0.702 and o3 $0.571.
Which has the bigger context window, MiniMax M2 or o3?
MiniMax M2, with 205K tokens against 200K.
How many benchmarks is the MiniMax M2 vs o3 comparison based on?
44 benchmarks have a result for both models as of October 21, 2026. MiniMax M2's coding index rests on 1 independent benchmark and o3's on 0. Where only one model has a result, the page says so instead of naming a winner.