Qwen3-VL Plus vs GPT-5-Codex vs MiniMax-M2
Qwen3-VL Plus comes out ahead, 56 to 48 and 42 on our weighted score.
- Our pick
Alibaba (Qwen)Qwen3-VL Plus
56/100- ECI—
- Price$0.20 / $1.60
- Context262K
OpenAIGPT-5-Codex
42/100- ECI—
- Price$1.25 / $10.00
- Context400K
MiniMaxMiniMax-M2
48/100- ECI—
- Price$0.30 / $1.20
- Context205K
Qwen3-VL Plus is our pick
Qwen3-VL Plus is the better all-round choice, scoring 56/100 against MiniMax-M2 (48) and GPT-5-Codex (42). GPT-5-Codex wins on inputs & features and context window. The score weighs price 50%, inputs & features 30%, context window 20%. None of the shared benchmarks cover every model here yet, so capability is left out of this verdict.
- CapabilityNot enough dataNo independent benchmark covers every model here yet
- Lowest priceMiniMax-M2MiniMax-M2 $0.525 · Qwen3-VL Plus $0.55 · GPT-5-Codex $3.44 per 1M tokens (3:1 blend)
- Longest contextGPT-5-CodexGPT-5-Codex 400,000 · Qwen3-VL Plus 262,144 · MiniMax-M2 204,800 tokens
- Widest inputsQwen3-VL Plus and GPT-5-CodexQwen3-VL Plus: Text, Images · GPT-5-Codex: Text, Images · MiniMax-M2: Text
- Self-hostingMiniMax-M2Publishes downloadable weights
| Measure | Weight | Qwen3-VL Plus | GPT-5-Codex | MiniMax-M2 |
|---|---|---|---|---|
| Price | 50% | 62 | 24 | 63 |
| Inputs & features | 30% | 60 | 70 | 35 |
| Context window | 20% | 37 | 44 | 32 |
| Overall | 100% | 56/100 | 42/100 | 48/100 |
Left out because at least one model lacks the data: capability. The remaining weights were rescaled.
Every spec in one table
Highlighted cells lead their row. Dashes mean the data is not published.
| Specification | Qwen3-VL PlusAlibaba (Qwen) | GPT-5-CodexOpenAI | MiniMax-M2MiniMax |
|---|---|---|---|
| Capability | |||
| Capabilities Index (ECI) | — | — | — |
| ECI rank | — | — | — |
| Price per million tokens | |||
| Input | $0.20 (best) | $1.25 | $0.30 |
| Output | $1.60 | $10.00 | $1.20 (best) |
| Cached input | — | — | — |
| Blended (3:1) | $0.55 | $3.44 | $0.525 (best) |
| Long-context rate | Same rate | Same rate | Same rate |
| Price source | Official Alibaba API | Median of 3 providers | Official MiniMax (minimax.io) API |
| Limits | |||
| Context window | 262,144 tokens | 400,000 tokens (best) | 204,800 tokens |
| Max output | 32,768 tokens | 128,000 tokens | 131,072 tokens (best) |
| Inputs and features | |||
| Text | Yes | Yes | Yes |
| Images | Yes | Yes | No |
| PDFs | No | No | No |
| Audio | No | No | No |
| Video | No | No | No |
| Reasoning | Yes | Yes | Yes |
| Tool calling | Yes | Yes | Yes |
| Structured output | No | Yes | No |
| Availability | |||
| Weights | Proprietary | Proprietary | Open |
| API model ID | qwen3-vl-plus | — | MiniMax-M2 |
| API providers | 6 | 3 | 13 (best) |
| Released | Sep 23, 2025 | Sep 15, 2025 | Oct 27, 2025 |
| Knowledge cutoff | Apr 2025 | Sep 30, 2024 | — |
What would a month cost?
Enter your expected volume in millions of tokens. List prices only; caching and batch discounts would lower these.
- Qwen3-VL Plus$5.20
- GPT-5-Codex$32.50
- MiniMax-M2$5.40
Which should you choose?
Which is better: Qwen3-VL Plus, GPT-5-Codex or MiniMax-M2?
Qwen3-VL Plus is the better all-round choice, scoring 56/100 against MiniMax-M2 (48) and GPT-5-Codex (42). GPT-5-Codex wins on inputs & features and context window. The score weighs price 50%, inputs & features 30%, context window 20%. None of the shared benchmarks cover every model here yet, so capability is left out of this verdict.
Which is cheaper, Qwen3-VL Plus, GPT-5-Codex or MiniMax-M2?
MiniMax-M2 is cheaper at $0.30 input / $1.20 output per million tokens (official MiniMax (minimax.io) API price). Qwen3-VL Plus costs $0.20 input / $1.60 output per million tokens (official Alibaba API price); GPT-5-Codex costs $1.25 input / $10.00 output per million tokens (median across 3 API providers). At a typical mix of three input tokens to one output token, that is $0.525 per million tokens for MiniMax-M2 versus $0.55 for Qwen3-VL Plus (1× as much) and $3.44 for GPT-5-Codex (6.5× as much).
Which scores higher on benchmarks?
There is no independent benchmark that covers all three models yet. Qwen3-VL Plus has not been scored yet, GPT-5-Codex has not been scored yet and MiniMax-M2 has not been scored yet.
Which is better for coding?
There are no published SWE-bench Verified results for Qwen3-VL Plus, GPT-5-Codex and MiniMax-M2 yet, so there is no like-for-like coding score. Test both on a sample of your own tasks. All three support tool calling for agent workflows.
Which has the bigger context window?
GPT-5-Codex has the largest context window at 400,000 tokens, against 262,144 for Qwen3-VL Plus and 204,800 for MiniMax-M2. Maximum output per response: Qwen3-VL Plus up to 32,768, GPT-5-Codex up to 128,000, MiniMax-M2 up to 131,072 tokens.
Which can read images, PDFs, audio or video?
Qwen3-VL Plus accepts text and images; GPT-5-Codex accepts text and images; MiniMax-M2 accepts text. Qwen3-VL Plus handles the widest range of inputs.
Are any of these open source?
MiniMax-M2 publishes its weights and can be self-hosted; Qwen3-VL Plus and GPT-5-Codex is proprietary.
Which is newer?
MiniMax-M2 is the newest, released Oct 27, 2025. Qwen3-VL Plus came out Sep 23, 2025; GPT-5-Codex came out Sep 15, 2025. Knowledge cutoff: Qwen3-VL Plus Apr 2025, GPT-5-Codex Sep 30, 2024.
How do you decide the winner?
Each model gets a 0–100 score on capability (50%, independent benchmark results); price (25%, blended price per million tokens (3 input : 1 output), log scale); inputs & features (15%, image, PDF, audio and video input, tool calling, structured output and reasoning); context window (10%, maximum tokens per request, log scale). Dimensions missing for any model are dropped and the remaining weights rescaled, so every model is judged on the same evidence. Specs and prices come from public model listings and the labs’ own API pages; capability scores come from independent benchmark runs. Data updated Oct 4, 2026.
