MiniMax-M2.5 vs Step-3.5-Flash

Specs, VRAM requirements and download trends — updated 24 October 2026.

MiniMaxAI · A · Open weights
Params
228.7 B
Context
196,608
30d
893 K
stepfun-ai · B · Open weights
Params
199.4 B
Context
262,144
30d
264 K
apache-2.0 · commercial OK

Specification comparison

Differences are highlighted; identical values are muted.

Specification MiniMax-M2.5 Step-3.5-Flash
Deployment Open weights · also via API Open weights · also via API
Parameters 228.7 B 199.4 B
Architecture MiniMaxM2ForCausalLM Step3p5ForCausalLM
Context length 196,608 262,144
Licence other apache-2.0
Commercial use Unknown Allowed
Languages — —
Downloads 30d 893,342 264,309
Downloads all time 5.8 M 1.9 M
Quantizations on the Hub SAFETENSORS SAFETENSORS
Gated No No
First seen on the Hub 2026-02-12 2026-02-01
API input price / 1M tokens $0.27 $0.10
API output price / 1M tokens $0.95 $0.30
Est. cost per 1M input + 1M output tokens $1.22 $0.40
Cached input / 1M tokens $0.03 —
AA Intelligence Index 22.8 17
AA Coding Index — —
AA Agentic Index — —
Max output tokens 32,768 65,536
API providers 7 1
Tool calling Yes Yes
Reasoning mode Yes Yes

API cost

Estimated cost of 1M input + 1M output tokens via OpenRouter

MiniMax-M2.5 $1.22
Step-3.5-Flash $0.40

Step-3.5-Flash is 3.1× cheaper at list price.

Download trend

Daily snapshots, last 89 days (28 Jul – 24 Oct)

893 K195 K
MiniMax-M2.5 Step-3.5-Flash

VRAM side by side

On RTX 4090 · 24 GB · 8K context unless noted

MiniMax-M2.5 · fp16 @ 192K ctx 1,077.0 GB / 24 GB
❌ Won’t fit
Step-3.5-Flash · fp16 @ 256K ctx 1,396.2 GB / 24 GB
❌ Won’t fit

Adjacent comparisons