Compare / Qwen3.5-27B vs MiniMax-M2

Qwen3.5-27B vs MiniMax-M2

Which is cheaper, which is more capable, and which does better at each kind of work, from 18 results on 4 sources that measured both models.

AlibabaQwen3.5-27B Released 24 Feb 2026 · $0.27 in · $2.16 out
MiniMaxMiniMax-M2 Released 27 Oct 2025 · $0.30 in · $1.20 out
Qwen3.5-27B wins 17MiniMax-M2 wins 1

Of the 18 results both models have, the better value on each. Results whose reported ranges overlap are too close to call.

Results as of 9 October 2026 (catalogue release 2026-10-09-dd620e778ac5). See also Alibaba vs MiniMax, every model from both labs.

Qwen3.5-27B or MiniMax-M2? The short answer

Pick Qwen3.5-27B if quality matters most: it scores higher (Intelligence Index 22.9 against 18.6). Pick MiniMax-M2 if cost matters more: it costs 29% less per token.

  • MiniMax-M2 is cheaper: $0.52 against $0.74 per million tokens, 29% less.
  • Qwen3.5-27B scores higher on the Artificial Analysis Intelligence Index: 22.9 against 18.6.
  • Qwen3.5-27B is newer: released 24 Feb 2026, against 27 Oct 2025 for MiniMax-M2.
  • On third-party benchmarks, on the results both models have: Qwen3.5-27B does better for agents and tool use, reasoning and knowledge, writing and sticking to the facts.

Head to head

22.9
Intelligence Index
18.6
$0.74
Price per million tokens, blendedlower is better
$0.52
262,144
Context window, tokens
204,800

Every fact side by side

Qwen3.5-27BMiniMax-M2
Price per million tokens$0.27 in · $2.16 out$0.30 in · $1.20 out
Blended (3 in : 1 out)$0.74$0.52
Cheapest host, blended$0.54 (Alibaba)$0.45 (Minimax, FP8)
Intelligence Index22.918.6
Spring Prompt overall––
Output speed, tokens a second––
Context window262,144 tokens204,800 tokens
Released24 Feb 2026 (newer)27 Oct 2025
WeightsOpenOpen
Developer based inChinaChina

Prices are the developer's list price where we have read it, otherwise the typical host on OpenRouter; see every model's price. Intelligence and speed from Artificial Analysis.

Which is better for what

Each model's rank among the models on sale today, for each kind of work, from our own benchmarks and licensed sources. Further right is better; the better rank is in green.

Agents and tool useMulti-step tasks with tools: support desks, coding agents, function calls 145 of 164 152 of 164
Reasoning and knowledgeHard questions across science, maths and general knowledge 82 of 198 111 of 198
WritingWhat people prefer in blind comparisons, and judged writing quality 98 of 188 168 of 188
Sticking to the factsSummarising without inventing things, and factual answers 121 of 152 149 of 152

Every shared result

Each model's best result on every measure both have, grouped by benchmark, with the setting that produced it. Under each measure, every model that benchmark has measured is a grey tick, best to the right, so you can see where the two sit in the field. The headline measures of each benchmark come first; the rest are under "Show all". Green marks the better value; where a source reports ranges that overlap, neither is marked.

MeasureQwen3.5-27BMiniMax-M2
Arena (formerly LMArena) reported by Arena (formerly LMArena) · 3 results
Overall · TextArena rating, higher is better 129 · 199 of 387 measured 1,409 1,343
Overall · Text factualityArena rating, higher is better 112 · 156 of 163 measured 1,420 1,360
Business, management and finance · TextArena rating, higher is better 128 · 196 of 380 measured 1,408 1,348
Artificial Analysis reported by Artificial Analysis · 3 results
Artificial Analysis Intelligence Indexindex score, higher is better 86 · 110 of 243 measured 22.9 18.6
GPQA Diamond% of questions, higher is better 74 · 122 of 231 measured 85.8% 77.7%
Humanity's Last Exam% of questions, higher is better 95 · 133 of 242 measured 23.9% 13.7%
UGI Leaderboard reported by UGI Leaderboard · 3 results
Writing score · UGIscore out of 100, higher is better 99 · 215 of 230 measured 42.4think-prefill reasoning 17.2
Requested-length error · UGI% off the requested word count, lower is better 49 · 213 of 230 measured 11.0%think-prefill reasoning 73.0%
Style adherence · UGIscore from 0 to 1, higher is better 147 · 55 of 230 measured 0.33no reasoning 0.37
Vending-Bench 2 reported by Vending-Bench 2 · 1 result
Money after a yearUS dollars, higher is better 50 · 51 of 58 measured $201.98 $160.60
Show all 18 results (8 more)
MeasureQwen3.5-27BMiniMax-M2
Arena (formerly LMArena) reported by Arena (formerly LMArena) · 4 results
Creative writing · TextArena rating, higher is better 145 · 229 of 385 measured 1,358 1,285
Expert prompts · TextArena rating, higher is better 112 · 194 of 338 measured 1,441 1,350
Instruction following · TextArena rating, higher is better 122 · 193 of 387 measured 1,401 1,334
Writing, literature and language · TextArena rating, higher is better 135 · 232 of 386 measured 1,380 1,299
Artificial Analysis reported by Artificial Analysis · 4 results
IFBench% of instructions, higher is better 24 · 41 of 195 measured 75.6% 72.3%
Long-context reasoning (AA-LCR)% of questions, higher is better 63 · 130 of 233 measured 77.7% 64.3%
Terminal-Bench Hard% of tasks, higher is better 61 · 77 of 190 measured 32.6% 25.8%
τ²-bench telecom% of tasks, higher is better 28 · 51 of 193 measured 93.9% 86.8%

Quick answers

Is Qwen3.5-27B better than MiniMax-M2?

Pick Qwen3.5-27B if quality matters most: it scores higher (Intelligence Index 22.9 against 18.6). Pick MiniMax-M2 if cost matters more: it costs 29% less per token.

Which is cheaper, Qwen3.5-27B or MiniMax-M2?

MiniMax-M2 is cheaper: $0.52 against $0.74 per million tokens, 29% less.

Which is better for agents and tool use, Qwen3.5-27B or MiniMax-M2?

Qwen3.5-27B ranks 145 of 164 models on sale for multi-step tasks with tools: support desks, coding agents, function calls, against 152 for MiniMax-M2.

Which is better for reasoning and knowledge, Qwen3.5-27B or MiniMax-M2?

Qwen3.5-27B ranks 82 of 198 models on sale for hard questions across science, maths and general knowledge, against 111 for MiniMax-M2.

Which is better for writing, Qwen3.5-27B or MiniMax-M2?

Qwen3.5-27B ranks 98 of 188 models on sale for what people prefer in blind comparisons, and judged writing quality, against 168 for MiniMax-M2.

Which is better for sticking to the facts, Qwen3.5-27B or MiniMax-M2?

Qwen3.5-27B ranks 121 of 152 models on sale for summarising without inventing things, and factual answers, against 149 for MiniMax-M2.

Which has the bigger context window, Qwen3.5-27B or MiniMax-M2?

Qwen3.5-27B: 262,144 tokens, against 204,800 for MiniMax-M2.

Run Qwen3.5-27B and MiniMax-M2 on your own prompt

Benchmarks aren't your data. Try both side by side in the playground, with the cost of every answer.