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MiniMax M3 vs Qwen2.5 72B Instruct

MiniMax M3 leads Qwen2.5 72B Instruct on the Artificial Analysis Intelligence Index, 29.2 to 7.7, and Qwen2.5 72B Instruct costs 3.0x less per output token ($0.40 vs $1.20 per million). Updated October 22, 2026; 38 benchmarks have a result for both.

MiniMax M3MiniMax
Coding
39.2
Overall
51.7
Output $/M
$1.20
38
Qwen2.5 72B InstructQwen
Coding
No data
Overall
26.5
Output $/M
$0.40
0
vs boards won of 38 shared

MiniMax M3 or Qwen2.5 72B Instruct: which to pick

Only MiniMax M3 has a coding score, 39.2 on the Vibe Coding Index; Qwen2.5 72B Instruct has none, so the two cannot be ranked on coding.

Pick Qwen2.5 72B Instruct for output tokens 3.0x cheaper ($0.40 vs $1.20 per million).

Shared results
38
MiniMax M3 only
79
Qwen2.5 72B Instruct only
15
Like-for-like categories
7 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
MiniMax M3 39.2 from 6 benchmarks, Qwen2.5 72B Instruct not benchmarked.
Widest category
Agentic work, 54.4 points apart on average over 1 shared benchmark.
Widest single gap
OTIS Mock AIME: MiniMax M3 71.1% against Qwen2.5 72B Instruct 8.1%, 63.1 points apart on a 0 to 100 scale.
Output price
MiniMax M3 $1.20 against Qwen2.5 72B Instruct $0.40 per million output tokens, 3.0x apart.
Context window
MiniMax M3 takes 1.05M tokens, Qwen2.5 72B Instruct 33K.

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
CategoryMiniMax M3BarsQwen2.5 72B InstructTies
Coding30
Intelligence20
Agentic work10
Reasoning60
Math30
Knowledge40
General190
All shared boards380
CodingLike-for-likeSix of these boards feed the Vibe Coding Index30
Coding benchmarks for MiniMax M3 and Qwen2.5 72B Instruct
BenchmarkMiniMax M3Qwen2.5 72B InstructLeader
LiveBench coding70.9%Not measuredOnly MiniMax M3 measured
LMArena WebDev1482Not measuredOnly MiniMax M3 measured
AA Coding Index58.6Not measuredOnly MiniMax M3 measured
LiveCodeBench (Vals AI)82.2%Not measuredOnly MiniMax M3 measured
SWE-bench Verified (Vals AI)75.0%Not measuredOnly MiniMax M3 measured
Terminal-Bench 4 (Vals AI)1.0%Not measuredOnly MiniMax M3 measured
Vibe Code Bench (Vals AI)47.6%Not measuredOnly MiniMax M3 measured
Code migration (Vals AI)19.9%Not measuredOnly MiniMax M3 measured
Terminal-Bench 2.1 (Vals AI)53.6%Not measuredOnly MiniMax M3 measured
SWE-bench Multimodal (Vals AI)33.3%Not measuredOnly MiniMax M3 measured
Vibe Code Bench 1-100 (Vals AI)9.2%Not measuredOnly MiniMax M3 measured
SkillsBench (Vals AI)51.5%Not measuredOnly MiniMax M3 measured
CyberBench (Vals AI)65.0%Not measuredOnly MiniMax M3 measured
LiveCodeBench (Artificial Analysis run)Not measured27.6%Only Qwen2.5 72B Instruct measured
SciCode47.1%Not measuredOnly MiniMax M3 measured
Terminal-Bench Hard (Artificial Analysis run)42.4%4.5%MiniMax M3
FrontierCode14.7%Not measuredOnly MiniMax M3 measured
WeirdMLNot measured16.0%Only Qwen2.5 72B Instruct measured
ALE-Bench640.0Not measuredOnly MiniMax M3 measured
LMArena Text: coding14701292MiniMax M3
LMArena Text: software and IT14661292MiniMax M3
LMArena WebDev: React1478Not measuredOnly MiniMax M3 measured
LMArena WebDev: HTML1455Not measuredOnly MiniMax M3 measured
LMArena WebDev: from an image1470Not measuredOnly MiniMax M3 measured
Neither model has a result on the other 19 boards here
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index20
Intelligence benchmarks for MiniMax M3 and Qwen2.5 72B Instruct
BenchmarkMiniMax M3Qwen2.5 72B InstructLeader
AA Intelligence Index29.27.7MiniMax M3
Epoch Capabilities Index146.9129.0MiniMax M3
Agentic workLike-for-likePublic boards, shown as published, kept out of the index10
Agentic work benchmarks for MiniMax M3 and Qwen2.5 72B Instruct
BenchmarkMiniMax M3Qwen2.5 72B InstructLeader
AA Agentic Index29.5Not measuredOnly MiniMax M3 measured
Design Arena: agents building web apps1200Not measuredOnly MiniMax M3 measured
Design Arena: agents building full-stack apps1197Not measuredOnly MiniMax M3 measured
Design Arena: agents building mobile apps1169Not measuredOnly MiniMax M3 measured
Design Arena: agents building Android apps1158Not measuredOnly MiniMax M3 measured
Design Arena: agents building games1159Not measuredOnly MiniMax M3 measured
Design Arena: HTML slides1120Not measuredOnly MiniMax M3 measured
Design Arena: PowerPoint slides1178Not measuredOnly MiniMax M3 measured
Design Arena: spreadsheets1042Not measuredOnly MiniMax M3 measured
LiveBench research68.0%Not measuredOnly MiniMax M3 measured
LiveBench browser8.0%Not measuredOnly MiniMax M3 measured
LiveBench long agentic12.4%Not measuredOnly MiniMax M3 measured
Finance Agent (Vals AI)48.3%Not measuredOnly MiniMax M3 measured
Tax Agent Bench (Vals AI)20.6%Not measuredOnly MiniMax M3 measured
Legal Research Bench (Vals AI)29.8%Not measuredOnly MiniMax M3 measured
Excel Modeling Benchmark (Vals AI)47.8%Not measuredOnly MiniMax M3 measured
τ²-Bench Telecom88.9%34.5%MiniMax M3
APEX-Agents37.7%Not measuredOnly MiniMax M3 measured
METR time horizonsNot measured35.8%Only Qwen2.5 72B Instruct measured
OSWorld 2.04.6%Not measuredOnly MiniMax M3 measured
BALROGNot measured16.2%Only Qwen2.5 72B Instruct measured
TheAgentCompanyNot measured5.7%Only Qwen2.5 72B Instruct measured
Vending-Bench 2$2,158Not measuredOnly MiniMax M3 measured
Neither model has a result on the other 19 boards here
ReasoningLike-for-likePublic boards, shown as published, kept out of the index60
Reasoning benchmarks for MiniMax M3 and Qwen2.5 72B Instruct
BenchmarkMiniMax M3Qwen2.5 72B InstructLeader
GPQA Diamond92.7%Not measuredOnly MiniMax M3 measured
LiveBench reasoning74.5%Not measuredOnly MiniMax M3 measured
MMMU Pro (Vals AI)81.2%Not measuredOnly MiniMax M3 measured
GPQA Diamond (Artificial Analysis run)92.9%49.1%MiniMax M3
Humanity's Last Exam (Artificial Analysis run)39.0%3.6%MiniMax M3
GPQA Diamond (Epoch AI run)90.9%49.1%MiniMax M3
SimpleBench45.8%Not measuredOnly MiniMax M3 measured
Chess puzzles13.0%Not measuredOnly MiniMax M3 measured
Mystery game puzzles8.0%Not measuredOnly MiniMax M3 measured
BIG-Bench HardNot measured79.8%Only Qwen2.5 72B Instruct measured
LMArena Text: hard prompts14471271MiniMax M3
LMArena Text: expert14611245MiniMax M3
LMArena Text: hard prompts in English14551279MiniMax M3
LMArena Vision: diagrams1266Not measuredOnly MiniMax M3 measured
LMArena Vision: homework1268Not measuredOnly MiniMax M3 measured
Neither model has a result on the other 8 boards here
MathLike-for-likePublic boards, shown as published, kept out of the index30
Math benchmarks for MiniMax M3 and Qwen2.5 72B Instruct
BenchmarkMiniMax M3Qwen2.5 72B InstructLeader
AA Math IndexNot measured14.0Only Qwen2.5 72B Instruct measured
AIME 2025 (Artificial Analysis run)Not measured14.0%Only Qwen2.5 72B Instruct measured
OTIS Mock AIME71.1%8.1%MiniMax M3
ProofBench18.0%Not measuredOnly MiniMax M3 measured
MATH level 5Not measured63.2%Only Qwen2.5 72B Instruct measured
LMArena Text: math14291283MiniMax M3
LMArena Text: mathematical work14481290MiniMax M3
Neither model has a result on the other 7 boards here
KnowledgeLike-for-likePublic boards, shown as published, kept out of the index40
Knowledge benchmarks for MiniMax M3 and Qwen2.5 72B Instruct
BenchmarkMiniMax M3Qwen2.5 72B InstructLeader
MMLU Pro84.2%Not measuredOnly MiniMax M3 measured
LegalBench (Vals AI)85.4%Not measuredOnly MiniMax M3 measured
CorpFin (Vals AI)68.1%Not measuredOnly MiniMax M3 measured
TaxEval (Vals AI)72.7%Not measuredOnly MiniMax M3 measured
MortgageTax (Vals AI)68.4%Not measuredOnly MiniMax M3 measured
MedCode (Vals AI)46.3%Not measuredOnly MiniMax M3 measured
MMLU Pro (Artificial Analysis run)Not measured72.0%Only Qwen2.5 72B Instruct measured
MMLUNot measured85.3%Only Qwen2.5 72B Instruct measured
AI2 Reasoning ChallengeNot measured94.5%Only Qwen2.5 72B Instruct measured
LMArena Text: science14521275MiniMax M3
LMArena Text: medicine and healthcare14411258MiniMax M3
LMArena Text: legal and government14371288MiniMax M3
LMArena Text: business and finance14341253MiniMax M3
Neither model has a result on the other 7 boards here
Web designDirectional onlyPublic boards, shown as published, kept out of the index9 boards, none shared
Web design benchmarks for MiniMax M3 and Qwen2.5 72B Instruct
BenchmarkMiniMax M3Qwen2.5 72B InstructLeader
Design Arena: websites1257Not measuredOnly MiniMax M3 measured
Design Arena: UI components1243Not measuredOnly MiniMax M3 measured
Design Arena: game dev1210Not measuredOnly MiniMax M3 measured
Design Arena: data viz1236Not measuredOnly MiniMax M3 measured
Design Arena: 3D1208Not measuredOnly MiniMax M3 measured
Design Arena: all code categories1246Not measuredOnly MiniMax M3 measured
Design Arena: SVG1160Not measuredOnly MiniMax M3 measured
Design Arena: ASCII art1161Not measuredOnly MiniMax M3 measured
LiveBench design66.2%Not measuredOnly MiniMax M3 measured
GeneralLike-for-likePublic boards, shown as published, kept out of the index190
General benchmarks for MiniMax M3 and Qwen2.5 72B Instruct
BenchmarkMiniMax M3Qwen2.5 72B InstructLeader
LiveBench data analysis76.2%Not measuredOnly MiniMax M3 measured
Public Benefits Bench (Vals AI)64.1%Not measuredOnly MiniMax M3 measured
SAGE (Vals AI)50.6%Not measuredOnly MiniMax M3 measured
MedScribe (Vals AI)87.3%Not measuredOnly MiniMax M3 measured
Vals Multimodal Index60.0%Not measuredOnly MiniMax M3 measured
IFBench82.9%36.9%MiniMax M3
Long context reasoning (AA-LCR)83.0%Not measuredOnly MiniMax M3 measured
DTBench78.9%62.9%MiniMax M3
LMCA33.7%13.4%MiniMax M3
Surface Evolver Bench55.0%Not measuredOnly MiniMax M3 measured
HellaSwagNot measured84.8%Only Qwen2.5 72B Instruct measured
WinoGrandeNot measured82.3%Only Qwen2.5 72B Instruct measured
PIQANot measured82.6%Only Qwen2.5 72B Instruct measured
LMArena Text14331269MiniMax M3
LMArena Text: instruction following14331254MiniMax M3
LMArena Text: creative writing14041221MiniMax M3
LMArena Vision1251Not measuredOnly MiniMax M3 measured
LMArena Text: English14431283MiniMax M3
LMArena Text: non-English14201252MiniMax M3
LMArena Text: Chinese14661273MiniMax M3
LMArena Text: German14281234MiniMax M3
LMArena Text: Japanese13801180MiniMax M3
LMArena Text: Korean13731188MiniMax M3
LMArena Text: French14441280MiniMax M3
LMArena Text: Spanish14331255MiniMax M3
LMArena Text: Russian14261264MiniMax M3
LMArena Text: Polish1423Not measuredOnly MiniMax M3 measured
LMArena Text: multi-turn14431272MiniMax M3
LMArena Text: longer queries14461281MiniMax M3
LMArena Text: writing and language14191247MiniMax M3
LMArena Text: entertainment and media14031211MiniMax M3
LMArena Vision: English1263Not measuredOnly MiniMax M3 measured
LMArena Vision: Chinese1311Not measuredOnly MiniMax M3 measured
LMArena Vision: reading text1259Not measuredOnly MiniMax M3 measured
LMArena Vision: humor1235Not measuredOnly MiniMax M3 measured
LMArena Vision: recognizing things1197Not measuredOnly MiniMax M3 measured
LMArena Vision: creative writing1234Not measuredOnly MiniMax M3 measured
LMArena Document1435Not measuredOnly MiniMax M3 measured
EQ-Bench 41150Not measuredOnly MiniMax M3 measured
Neither model has a result on the other 9 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for MiniMax M3 and Qwen2.5 72B Instruct
BenchmarkMiniMax M3Qwen2.5 72B InstructLeader
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 M3$0.0009Fits in one request
Qwen2.5 72B Instruct$0.0006Fits in one request

Qwen2.5 72B Instruct costs less

Repository review

50K input + 3K output tokens

MiniMax M3$0.019Fits in one request
Qwen2.5 72B Instruct$0.019Exceeds the context window

MiniMax M3 costs less

Agent loop

200K input + 10K output tokens

MiniMax M3$0.072Fits in one request
Qwen2.5 72B Instruct$0.076Exceeds the context window

MiniMax M3 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 MiniMax M3 and Qwen2.5 72B Instruct
SpecificationMiniMax M3Qwen2.5 72B Instruct
MakerMiniMaxQwen
WeightsOpen weightsOpen weights
ReleasedMay 31, 2026September 19, 2024
Context window1.05M33K
Input $/Mtok$0.30$0.36
Output $/Mtok$1.20$0.40
Coding index39.2Not benchmarked
Independent measurements behind it60
Cost per solved task$0.56Not computable
SourceOpenRouter listingOpenRouter listing

Questions

Is MiniMax M3 better than Qwen2.5 72B Instruct for coding?

Only MiniMax M3 has a coding score, 39.2 on the Vibe Coding Index; Qwen2.5 72B Instruct has none, so the two cannot be ranked on coding. Pick Qwen2.5 72B Instruct for output tokens 3.0x cheaper ($0.40 vs $1.20 per million).

Which is cheaper, MiniMax M3 or Qwen2.5 72B Instruct?

MiniMax M3 costs $0.30 per million input tokens and $1.20 per million output tokens; Qwen2.5 72B Instruct costs $0.36 and $0.40. Cost per solved task is known for MiniMax M3 only.

Which has the bigger context window, MiniMax M3 or Qwen2.5 72B Instruct?

MiniMax M3, with 1.05M tokens against 33K.

How many benchmarks is the MiniMax M3 vs Qwen2.5 72B Instruct comparison based on?

38 benchmarks have a result for both models as of October 22, 2026. MiniMax M3's coding index rests on 6 independent benchmarks and Qwen2.5 72B Instruct's on 0. Where only one model has a result, the page says so instead of naming a winner.

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