# MiniMax M2.7 FP4 vs MiniMax M3

On provider list prices, MiniMax M2.7 FP4 costs $0.30 per million input tokens against $0.30 for MiniMax M3: effectively level. Output is $1.20 against $1.20. On Allocate both bill at list plus the 7% transaction fee.

## Specifications

| | MiniMax M2.7 FP4 | MiniMax M3 |
| --- | --- | --- |
| Lab | MiniMaxAI | MiniMaxAI |
| Access | Open weights | API only |
| Context window | 192K tokens | 512K tokens |
| List price, input | $0.30 / M tokens | $0.30 / M tokens |
| List price, output | $1.20 / M tokens | $1.20 / M tokens |
| Cached input | $0.06 / M tokens | $0.06 / M tokens |
| License | Not listed | Proprietary API |
| Fine-tunable | Yes | No |

Specifications and provider list prices from the Allocate catalog, checked 2026-07-08. Billed price is list plus the 7% transaction fee.

## What the numbers say

Take 1,000,000 requests a month at 1,200 input and 350 output tokens each. That workload costs $780 a month on MiniMax M2.7 FP4 and $780 on MiniMax M3 at list: a gap of $0.

MiniMax M3 reads 512K tokens per request against 192K for MiniMax M2.7 FP4, 2.7x the window. That decides which one can take whole documents without splitting them.

## Choose MiniMax M2.7 FP4 for

- Open weights you can fine-tune and own

## Choose MiniMax M3 for

- The longer context window (512K vs 192K tokens)

## Common questions

### Which is cheaper, MiniMax M2.7 FP4 or MiniMax M3?

MiniMax M2.7 FP4, on this workload shape. At list prices it is $0.30/$1.20 per million tokens in and out against $0.30/$1.20 for MiniMax M3. Billed on Allocate: $0.32/$1.28 against $0.32/$1.28, list plus 7%.

### Which has the bigger context window?

MiniMax M3: 524,288 tokens (512K) against 196,608 (192K) for MiniMax M2.7 FP4.

### Can I fine-tune MiniMax M2.7 FP4 or MiniMax M3?

MiniMax M2.7 FP4 publishes open weights (Not listed) and can be fine-tuned on your own data. MiniMax M3 is a closed model served over API; its weights are not available.

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[HTML page](https://allocate.network/compare/minimaxai-minimax-m2-7-vs-minimaxai-minimax-m3) · [MiniMax M2.7 FP4](https://allocate.network/models/minimaxai-minimax-m2-7.md) · [MiniMax M3](https://allocate.network/models/minimaxai-minimax-m3.md) · [Machine-readable catalog](https://allocate.network/catalog.json)