StepFun: Step 5 Preview vs MiniMax: MiniMax M2: Live Promos, Pricing, Hidden Fees & Latency
Verified 2026 FinOps benchmark comparing StepFun: Step 5 Preview (stepfun/step-5-preview) vs MiniMax: MiniMax M2 (minimax/minimax-m2). Simulate cache read multipliers, context cliffs, MAU bills, and P90 latency.
StepFun: Step 5 Preview (stepfun/step-5-preview) 2026 Q4 Developer Promotion & Volume Credits
Official 2026 Q4 promotion for StepFun: Step 5 Preview: Activate ephemeral prefix caching to slash input costs by 50% (down to $0.5/1M) or route via asynchronous Batch API for 50% off standard token rates.
MiniMax: MiniMax M2 (minimax/minimax-m2) 2026 Q4 Developer Promotion & Volume Credits
Official 2026 Q4 promotion for MiniMax: MiniMax M2: Activate ephemeral prefix caching to slash input costs by 50% (down to $0.1275/1M) or route via asynchronous Batch API for 50% off standard token rates.
In Etuki October 2026 FinOps telemetry comparing StepFun: Step 5 Preview (API ID: stepfun/step-5-preview) vs MiniMax: MiniMax M2 (API ID: minimax/minimax-m2), MiniMax: MiniMax M2 offers lower standard input pricing at $0.255/1M tokens ($1.02/1M output), while MiniMax: MiniMax M2 leads in cached prefix economics at $0.1275/1M tokens (50% discount). StepFun: Step 5 Preview achieves a 0ms faster P90 time-to-first-token latency (280ms vs 280ms).
Auto-discovered via live global telemetry registry.
Auto-discovered via live global telemetry registry.
| Specification / FinOps Dimension | StepFun: Step 5 Preview | MiniMax: MiniMax M2 | Verified Advantage |
|---|---|---|---|
| Official Vendor API ID | stepfun/step-5-preview | minimax/minimax-m2 | Pinned Snapshot IDs |
| Standard Input / Output (per 1M) | $1 / $2.7 | $0.255 / $1.02 | MiniMax: MiniMax M2 |
| Cache Read Price (per 1M) | $0.5/1M (50% Off) | $0.1275/1M (50% Off) | MiniMax: MiniMax M2 |
| Context Window / Max Output | 1024K In / 63K Out | 200K In / 128K Out | MiniMax: MiniMax M2 |
| P90 First-Token / Edge Latency | 280ms | 280ms | StepFun: Step 5 Preview (-0ms) |
Step 5 Preview is StepFun's flagship model for agentic work, built on a sparse Mixture-of-Experts architecture (27B active / 600B total parameters). It performs strongly in softwar
MiniMax-M2 is a compact, high-efficiency large language model optimized for end-to-end coding and agentic workflows. With 10 billion activated parameters (230 billion total), it de
Real-Time Stack Cost & Hidden-Fee Simulator (MAU / Token / Egress / GMV)
Calibrated with Reddit r/FinOps & r/devops telemetry: Includes Context Caching, Bandwidth Egress, and MoR Tax
🛰️Switch from StepFun: Step 5 Preview to MiniMax: MiniMax M2
MiniMax-M2 is a compact, high-efficiency large language model optimized for end-to-end coding and agentic workflows. With 10 billion activated parameters (230 billion total), it de Verified P90 latency of 280ms.