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Claude Haiku 4.5 vs MiniMax M2.5

Complete pricing and performance comparison between Anthropic's Claude Haiku 4.5 and MiniMax's MiniMax M2.5.

Quick Verdict

Cheaper
MiniMax M2.5
3.3x cheaper input, 4.2x cheaper output
Larger Context
Claude Haiku 4.5
200K vs 128K
Higher Quality
MiniMax M2.5
Score: 42 vs 31
Faster
Claude Haiku 4.5
125 vs 48 tok/s

Pricing Comparison

SpecClaude Haiku 4.5MiniMax M2.5Difference
ProviderAnthropicMiniMax
Input / 1M tokens$1$0.3MiniMax M2.5 is 70% more expensive
Output / 1M tokens$5$1.2MiniMax M2.5 is 76% more expensive
Context Window200K128K2x difference
Max Output8K33K

Performance Benchmarks

MetricClaude Haiku 4.5MiniMax M2.5Winner
Quality Index3142MiniMax M2.5
Output Speed125 tok/s48 tok/sClaude Haiku 4.5
Time to First Token0.41s2.47sClaude Haiku 4.5
Value (Quality/$)31.1139.7Higher = better value

Benchmark data from Artificial Analysis. Quality Index is a composite score across reasoning, coding, and knowledge tasks.

Cost at Scale

Estimated cost at different usage levels (3:1 input-to-output token ratio, typical for chat).

UsageClaude Haiku 4.5MiniMax M2.5Savings
Single request
1K in / 300 out
$0.0025$0.0007MiniMax M2.5 saves $0.0018
10 requests
10K in / 3K out
$0.025$0.0066MiniMax M2.5 saves $0.018
100 requests
100K in / 30K out
$0.250$0.066MiniMax M2.5 saves $0.184
1,000 requests
1M in / 300K out
$2.50$0.660MiniMax M2.5 saves $1.84
10,000 requests
10M in / 3M out
$25.00$6.60MiniMax M2.5 saves $18.40
1M requests/mo
1B in / 300M out
$2500.00$660.00MiniMax M2.5 saves $1840.00

Pros & Cons

Claude Haiku 4.5 Strengths

  • +Larger context window (200K vs 128K)
  • +Faster output (125 vs 48 tok/s)
  • +Lower latency (faster first token)

MiniMax M2.5 Strengths

  • +Cheaper input tokens
  • +Cheaper output tokens
  • +Higher max output tokens
  • +Higher quality score (42 vs 31)

When to Use Each Model

Choose Claude Haiku 4.5 for

  • →Long documents, large codebases, or multi-turn conversations
  • →Real-time applications, chat, or autocomplete

Choose MiniMax M2.5 for

  • →Budget-conscious projects where cost is the primary factor
  • →Generating long-form content or detailed code
  • →Tasks requiring maximum accuracy and reasoning

Frequently Asked Questions

Which is cheaper, Claude Haiku 4.5 or MiniMax M2.5?
For input tokens, MiniMax M2.5 is 3.3x cheaper at $0.3/1M tokens. For output tokens, MiniMax M2.5 is 4.2x cheaper at $1.2/1M tokens. At typical usage (1M input + 300K output), Claude Haiku 4.5 costs $2.50 vs MiniMax M2.5 at $0.660.
What's the context window difference?
Claude Haiku 4.5 supports 200K context (200,000 tokens), while MiniMax M2.5 supports 128K (128,000 tokens). Claude Haiku 4.5 can handle 2x more context in a single request.
Which model has better benchmarks?
Quality Index: Claude Haiku 4.5 scores 31 vs MiniMax M2.5 at 42. Speed: Claude Haiku 4.5 generates 125 tok/s vs MiniMax M2.5 at 48 tok/s. Time to first token: Claude Haiku 4.5 at 0.41s vs MiniMax M2.5 at 2.47s.
When should I choose Claude Haiku 4.5 over MiniMax M2.5?
Choose Claude Haiku 4.5 when you need: Larger context window (200K vs 128K), Faster output (125 vs 48 tok/s), Lower latency (faster first token). Choose MiniMax M2.5 when you need: Cheaper input tokens, Cheaper output tokens, Higher max output tokens, Higher quality score (42 vs 31).
How much would 10,000 API requests cost?
At 1K input + 300 output tokens per request (typical chat): Claude Haiku 4.5 = $25.00, MiniMax M2.5 = $6.60. At 10K input + 1K output per request (longer conversations): Claude Haiku 4.5 = $150.00, MiniMax M2.5 = $42.00.

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Claude Haiku 4.5 DetailsMiniMax M2.5 DetailsFull Pricing TableCost Calculator