Skip to content

MiniMax M2.5 vs Fugu Max

MiniMax M2.5

MiniMax

72#155
vs
Fugu Max

sakana

40#246
Signal-by-Signal Comparison
SignalMiniMax M2.5DeltaFugu Max
Capabilities
67
-33
100
Benchmarks
73
+73
0
Pricing
99
+5
94
Context window size
84
-11
95
Recency
92
-8
100
Output Capacity
82
--
82
Overall Result
2 wins
of 6
3 wins
Fugu Max wins 3 of 6 signals

Score History

Score History (32 data points)
MiniMax M2.5Fugu Max
MiniMax M2.5

71.6

current score

Leader

MiniMax M2.5

right now

Fugu Max

40

current score

LMMarketCap.com
Interactive Price Comparison
100Kcalls/month
1,000tokens (~1,333 chars)
500tokens (~667 chars)

MiniMax M2.5

MiniMax

Best Value
Per request$0.000810
Daily$2.70
Monthly$81.00
Annual$972.00

Fugu Max

sakana

Per request$0.005000
Daily$16.67
Monthly$500.00
Annual$6000.00

MiniMax M2.5 saves you $419.00/month

That's $5028.00/year compared to Fugu Max at your current usage level of 100K calls/month.

84% cheaper
Choose MiniMax M2.5 for cost optimization

MiniMax M2.5 pricing:
Input:$0.27/M tokens
Output:$1.08/M tokens
Fugu Max pricing:
Input:$2.00/M tokens
Output:$6.00/M tokens
Winner
MiniMax M2.5

MiniMax

72

Composite Score

Fugu Max

sakana

40

Composite Score

Signal-by-Signal Comparison
MetricMiniMax M2.5Fugu MaxWinner
Overall Score
72
40
MiniMax M2.5
Rank#155#246
MiniMax M2.5
Quality Rank#155#246
MiniMax M2.5
Adoption Rank#155#246
MiniMax M2.5
Parameters------
Context Window205K1000K
Fugu Max
Pricing$0.27/$1.08/M$2.00/$6.00/M--
Signal Scores
Capabilities
67
100
Fugu Max
Benchmarks
73
--
MiniMax M2.5
Pricing
99
94
MiniMax M2.5
Context window size
84
95
Fugu Max
Recency
92
100
Fugu Max
Output Capacity
82
82
MiniMax M2.5
Benchmark Head-to-Head(2 benchmarks)
MiniMax M2.5: 0Fugu Max: 0
MiniMax M2.5
Fugu Max
Normalized 0-100%
MMLU-Pro
80.1%-
Arena Elo
1390-
Benchmark Interpretation

Our score (0-100) is driven by benchmark performance (90%) from Arena Elo ratings, MMLU, GPQA, HumanEval, SWE-bench, and 15+ standardized evaluations. Capabilities and context window serve as tiebreakers (10%). Learn more about our methodology.

MiniMax M2.5Strong Performer

Scores 72/100 (rank #155), placing it in the top 47% of all 290 models tracked.

Raw Quality0/100
Cost Efficiency0/100
Speed0/100
Fugu MaxEntry Level

Scores 40/100 (rank #246), placing it in the top 16% of all 290 models tracked.

Raw Quality0/100
Cost Efficiency0/100
Speed0/100

MiniMax M2.5 has a 32-point advantage, which typically translates to noticeably stronger performance on complex reasoning, code generation, and multi-step tasks.

When to Use Each Model

Choose MiniMax M2.5 when you need:

  • High-volume production workloads where API costs must be minimized
  • Step-by-step reasoning and chain-of-thought problem solving
  • Self-hosted deployments where you need full control over the model

Choose Fugu Max when you need:

  • Processing long documents or large codebases (1000K token context)
  • Multimodal workflows that require image understanding
  • Step-by-step reasoning and chain-of-thought problem solving
Cost-Performance Analysis
MiniMax M2.5Best Value
Input cost$0.27/M tokens
Output cost$1.08/M tokens
Cost per quality point$0.019
Est. monthly (1M tokens/day)$20.25
Fugu Max
Input cost$2.00/M tokens
Output cost$6.00/M tokens
Cost per quality point$0.200
Est. monthly (1M tokens/day)$120.00

MiniMax M2.5 offers 83% better value per quality point. At 1M tokens/day, you'd spend $20.25/month with MiniMax M2.5 vs $120.00/month with Fugu Max - a $99.75 monthly difference.

Latency & Speed
MiniMax M2.5Faster
Speed score0/100
Fugu Max
Speed score0/100

Both models have comparable response speeds. For most applications, the latency difference is negligible.

When latency matters most: Interactive chatbots, IDE code completion, real-time translation, and user-facing applications where response time directly impacts experience. For batch processing, background summarization, or offline analysis, latency is less critical.

Example Use Cases

Code generation & review

Based on overall model capabilities and architecture for coding tasks like generating functions, debugging, and refactoring

MiniMax M2.5

Customer support chatbot

Suitable for user-facing chat with competitive response times. MiniMax M2.5 also offers lower per-token costs for high-volume support

MiniMax M2.5

Long document analysis

Larger context window (1000K tokens) can process longer documents, contracts, and research papers in a single pass

Fugu Max

Batch data extraction

Lower output pricing ($1.08/M) reduces costs when processing thousands of records daily

MiniMax M2.5

Creative writing & content

Higher overall composite score (72/100) correlates with better nuance, coherence, and style in long-form content

MiniMax M2.5

Image understanding & OCR

Supports vision input - can analyze screenshots, diagrams, photos, and scanned documents directly

Fugu Max
Which Should You Choose?
Our recommendation:
MiniMax M2.5

MiniMax M2.5 clearly outperforms Fugu Max with a significant 31.599999999999994-point lead. For most general use cases, MiniMax M2.5 is the stronger choice. However, Fugu Max may still excel in niche scenarios.

MiniMax M2.5
Recommended

by MiniMax

  • Choose for Quality - Marginally better benchmark scores; both are excellent
  • Choose for Cost - 83% lower pricing; better value at scale
  • Choose for Reliability - Higher uptime and faster response speeds
  • Choose for Prototyping - Stronger community support and better developer experience
  • Choose for Production - Wider enterprise adoption and proven at scale

by sakana

Consider for specialized use cases.

Capability Comparison
CapabilityMiniMax M2.5Fugu Max
Vision (Image Input)differs
Function Calling
Streaming
JSON Mode
Reasoning
Web Searchdiffers
Image Output
Monthly Cost Calculator
1,000tokens (600 in / 400 out)
100requests/day (3,000/month)

MiniMax M2.5

MiniMax

Best Value
$1.78
estimated monthly cost

Fugu Max

sakana

$10.80
estimated monthly cost

MiniMax M2.5 saves you $9.02/month

That's 84% cheaper than Fugu Max at 1,000 tokens/request and 100 requests/day.

Assumes 60% input / 40% output token ratio per request. Actual costs may vary based on your usage pattern.

Parameters & Context
ParameterMiniMax M2.5Fugu Max
Context Window205K1M
Max Output Tokens128,000128,000
Open SourceYesNo
CreatedFeb 12, 2026Sep 11, 2026
Last updated: 11m ago

Related comparisons

MiniMax M2.5 vs Fugu Max (2026) | LM Market Cap