The closest alternative to GPT-5 Mini is Claude Opus 4 — comparable intelligence (25.5 vs 25.3); for a cheaper option, MiniMax M3 (batch) runs $0.150/M vs $0.250/M; and the best open-weight substitute is Kimi K3.
Claude Opus 4 is the closest alternative to GPT-5 Mini, with an Intelligence Index of 25.5 (GPT-5 Mini scores 25.3) at $15.00 per million input tokens.
Yes — MiniMax M3 (batch) costs $0.150 per million input tokens versus $0.250 for GPT-5 Mini, while staying within ~8 points of its Intelligence Index.
Kimi K3 is the strongest open-weight alternative to GPT-5 Mini — downloadable from Hugging Face and self-hostable, scoring 57.1 on intelligence.