Kimi vs MiniMax API pricing
Checked against the official price pages on 2026-10-08
In short
At 100M input and 20M output tokens a month, the cheapest model from each is kimi-k2.7-code (about ¥1,190 a month) and MiniMax-M3 (about ¥378 a month). MiniMax's entry model is cheaper; Kimi's costs about 3.1 times as much.
The most expensive from each is kimi-k3 (about ¥4,000 a month) and MiniMax-M2.7 (about ¥378 a month). Price says nothing about whether the models are equally capable; weigh it with benchmarks and context length.
For your own usage: API cost calculator
All models
CNY per million tokens; time-of-day pricing is written peak / off-peak. Monthly cost assumes 100M input and 20M output tokens a month, no cache hits and half of calls at peak hours where that applies, cheapest first.
| Model | Input | Cache hit | Output | Monthly |
|---|---|---|---|---|
| MiniMaxMiniMax-M3 | 2.1 | 0.42 | 8.4 | 378 |
| MiniMaxMiniMax-M2.7 | 2.1 | 0.42 | 8.4 | 378 |
| Kimikimi-k2.7-code | 6.5 | 1.3 | 27 | 1,190 |
| Kimikimi-k2.6 | 6.5 | 1.1 | 27 | 1,190 |
| Kimikimi-k3 | 20 | 2 | 100 | 4,000 |
Price changes at both vendors
Kimi K3 launched (≈2.8T parameters, 1M-token context). International list price: $3 input / $15 output per million tokens (our Aug 27 issue). The China site now lists ¥20 input / ¥100 output. source · our coverage
Kimi K3.1 appeared on the API platform; the official price page does not list it yet. source · our coverage