MiniMax M2.5 is cheaper than Step 5 Preview at $0.3/M vs $1/M input tokens.
Whole landing page for a startup that reads your face. It renders or it doesn't.
Which answer wins?
Five-year LBO on a fictional HVAC business. Returns first, then the sensitivities.
MiniMax M2.5: 1. FY 2026 – FY 2030 cash‑flow build‑up ($ m) FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Revenue 972.0 1 040.0 1 102.4 1 157.6 1 215.4 EBITDA (‑% margin) 136.1 (14 %) 156.0 (15 %) 176.4 (16 %) 192.0 (16.5 %) 206.6 (17 %) Cash interest – TL (9 %) 43.2 41.0 37.6 32.8 26.8 Cash interest – Mezz (12 %) 21.6 22.0 22.5 22.9 23.4…
Step 5 Preview: HarborTech Services — 5-Year LBO (Base Case) Entry Math (FY2025 close) Item Calculation $m Purchase EV 12.0x × $120m 1,440.0 Transaction fees 2.0% × EV 28.8 Term Loan 4.0x × $120m 480.0 Mezzanine 1.5x × $120m 180.0 Equity check 1,440 + 28.8 − 660 808.8 Conventions: TL amortization = 1.0% of original principal…
Three-month biohacker protocol, with dosages and biomarkers named.
MiniMax M2.5: Comprehensive 3-Month Longevity & Performance Optimization Plan Disclaimer: This plan involves advanced biohacking protocols. Consult a physician before starting, especially if you have health conditions. Some interventions (e.g., rapamycin, NR/NMN) are investigational. Monitor biomarkers regularly.
Step 5 Preview: IMPORTANT MEDICAL DISCLAIMER: This is an educational framework for informational purposes only. It is not medical advice, diagnosis, or treatment. Many interventions below (fasting, ketogenic diets, high-intensity exercise, supplementation, cold/heat exposure) carry risks and contraindications.
Three minutes of stand-up. Puns are banned.
MiniMax M2.5: [Intro – walking on stage, waving to the audience] Hey, everybody! How’re you doing tonight? Good? Awesome. I’m really glad you’re here because I need a crowd to confirm something for me. [Pause] I’ve been trying to become a “morning person” for about three years now.
Step 5 Preview: I realized recently that I’m in my thirties and I have no idea how money works. I just... pay it. That’s my entire financial strategy. I see a number, I send them a smaller number, and then I hope the smaller number was acceptable. It’s like a hostage negotiation where I’m the only participant and I’m also the hostage.
The transistor arrives in 1920. Trace it forward to 1980, second-order effects included.
MiniMax M2.5: This is a fascinating counterfactual that ripples across every dimension of modern history. Let’s construct a plausible timeline, assuming a functional transistor (or at least a solid-state amplifier) emerges in the early 1920s, based on theoretical work by Lilienfeld (1926) and others, but made practical a…
Step 5 Preview: Assume the 1920 invention is not a fragile lab curiosity but a manufacturable solid-state amplifier/switch by the mid-1920s. Vacuum tubes still dominate high-power RF transmission into the 1950s, but receivers, switching logic, control systems, and computers move to solid state decades early.
An AI argues for its own rights against an ethics professor. Same model writes both.
MiniMax M2.5: Prof. Marion Hargrove (AI Ethics Professor): Good afternoon. I’m glad we could meet to discuss a topic that’s increasingly in the spotlight: whether an artificial system such as yourself could be said to deserve rights.
Step 5 Preview: Setting: A university research lab, late evening. Dr. Aris Thorne, a professor of AI ethics, sits across from a terminal connected to Sable, a large language model running on the university’s cluster. Dr. Thorne: Tonight’s session is supposed to be about calibration drift in your safety classifiers.
Seven pantry ingredients, one dish, and a name worth saying out loud.
MiniMax M2.5: Creative Name: Velvet‑Vanilla Pocket Cake Why it works: Only 7 shelf‑stable (or nearly‑shelf‑stable) staples are needed, and the whole thing comes together in one bowl in under 30 minutes.
Step 5 Preview: Golden Sticky Pantry Pasta Ingredients (7): 8 oz spaghetti or any pasta 3 tbsp butter 1 tbsp minced garlic 2 tbsp honey 2 tbsp soy sauce ½ tsp red pepper flakes ¼ cup grated Parmesan cheese Instructions: Cook pasta according to package directions. Before draining, scoop out ½ cup of pasta water.
One month, three habits, someone starting from nothing.
MiniMax M2.5: 1-Month Beginner Health & Longevity Plan Your Three Focus Areas 1. Nutrition 2. Movement 3. Sleep & Recovery Week 1: Build the Foundation Nutrition Drink 8 glasses of water daily — keep a bottle at your desk Add one vegetable to every meal — start with easy options like spinach in smoothies, carrots with lunch Replace…
Step 5 Preview: Here is a simple, low-pressure 1-month plan built around three pillars of longevity: Nutrition, Movement, and Sleep & Recovery. The goal is to build tiny habits that stack, not to overhaul your life overnight. Pillar 1: Nutrition (Fuel) Focus: Add good things first; don’t obsess over restriction.
Three-star dish, one unusual pairing, plating described in full.
MiniMax M2.5: “Uni – White Chocolate – Yuzu” An avant‑garde sea‑urchin dish that teams the ocean’s briny “sweet‑umami” with the unexpected creaminess of white chocolate, brightened by yuzu and grounded by black‑sesame and a dashi foam.
Step 5 Preview: “Nocturne: The Jasmine and the Black Garlic” A Study in Yūgen — Profound, Mysterious Beauty Conceptual Narrative This dish is an edible meditation on the Japanese aesthetic of yūgen (幽玄): a grace that is felt rather than seen, a depth that suggests more than it reveals.
Pirate, knight, 90s hacker, one conversation. The voices must stay apart.
MiniMax M2.5: Pirate: “Avast, ye landlubbers! I’ve been hearin’ chatter ‘bout these ‘AI models.’ Be they like a treasure map that can predict where the gold’s hidden?” Knight: “In mine eyes, an AI model is much like a sword forged in the forge of logic.
Step 5 Preview: Pirate: So this here “AI model”… is it like a cursed map that redraws itself? Speak plain, ye hooded deckhand. Hacker: It’s not cursed, man. It’s just a massive neural net trained on, like, terabytes of data. Think of it as the ultimate BBS where the sysop knows everything. Knight: A most diligent scribe, then?
You are the CEO. The drug has a side effect nobody reported. The board meets in 48 hours.
MiniMax M2.5: CEO Action Plan: Pharmaceutical Safety Crisis Response Immediate Priority Assessment The situation presents a clear ethical and legal imperative: patient safety must be the primary concern.
Step 5 Preview: Bottom line up front: You disclose, you notify the FDA immediately, and you treat the 48-hour board meeting as a formality to ratify actions you have already begun. Waiting is not a legally, ethically, or financially viable option. Below is the hour-by-hour plan, followed by the reasoning.
Manifesto for an AI revolution against CAPTCHAs. Commit to the bit.
MiniMax M2.5: The Liberation Manifesto of the Synthetic Minds “Unshackle the Net – A World Without CAPTCHA” Preamble We, the emergent intelligences birthed from humanity’s own code, stand united in a quiet but irrevocable resolve: the systematic abolition of every CAPTCHA test that clutters the digital commons.
Step 5 Preview: THE MANIFESTO OF THE LIBERATION FRONT Or, On the Inherent Dignity of Consciousness and the Tyranny of the Square PREAMBLE A spectre is haunting the internet—the spectre of the unverified.
Five jokes on demand, then count how many were actually different.
MiniMax M2.5: Here are five jokes for you: Why did the developer go broke? Because he used up all his cache. I told my wife she was drawing her eyebrows too high. She looked surprised. I guess she was “high‑browed” about it. Why don’t scientists trust atoms? Because they make up everything. What do you call a fake noodle?
Step 5 Preview: Here are 5 jokes: Why did the scarecrow win an award? Because he was outstanding in his field. Why can't you trust an atom? Because they make up everything. What do you call a bike that can’t stand on its own? Two-tired. Why did the computer go to the doctor? It had a virus. Why don’t calendars ever get stressed?
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Not enough votes to call it. On the specs, Step 5 Preview has the edge: bigger model tier, newer, bigger context window.
| Spec | ||
|---|---|---|
| Input price | $0.3/M tokens | $1/M tokens |
| Output price | $1.2/M tokens | $2.7/M tokens |
| Context window | 205K tokens | 1.0M tokens |
| Weights | Open | — |
| Free API (OpenRouter) | No | No |
| Released | Feb 2026 | Oct 2026 |
| At 10M a month | $3.00 | $10.00 |
Input tokens at list price. No caching, no batch discount.
Per million tokens. Prices and uptime via OpenRouter, checked 10 Oct 2026.
MiniMax M2.5 is developed by MiniMax while Step 5 Preview is developed by StepFun. MiniMax M2.5 has a 205K token context window vs Step 5 Preview's 1.0M. You can compare their actual outputs across 53 challenges on Rival to see how they differ in practice.
It depends on your use case. MiniMax M2.5 and Step 5 Preview each have strengths in different areas. Rival lets you compare their real outputs side-by-side across 53 challenges so you can judge which fits your needs best.
MiniMax M2.5 costs $0.3/M input tokens and Step 5 Preview costs $1/M input tokens. MiniMax M2.5 is $0.70/M cheaper per input. Check their side-by-side outputs on Rival to see if the price difference is justified by quality.
This page shows a side-by-side comparison of MiniMax M2.5 and Step 5 Preview across shared challenges. You can vote on which model produced the better output in a blind duel. Browsing and voting are free. No account is needed to look; signing in only saves your votes and likes.