If you only looked at the intelligence index, Gemini 3.8 Flash (High) and MiniMax-M3.1-Flash would be hard to tell apart. Everything below is read from the benchmark, price and speed data in Franklin AI's catalogue; nothing here comes from a hands-on test. Cost is where they split the most, with MiniMax-M3.1-Flash working out at about 17% of Gemini 3.8 Flash High's blended rate.
Price per token
Per million tokens, Gemini 3.8 Flash High charges $0.75 for input and $3.75 for output, while MiniMax-M3.1-Flash charges $0.15 and $0.60. Gemini 3.8 Flash High costs 6.3 times as much per output token.
A reference job of 1 million input tokens and 200,000 output tokens costs $1.50 with Gemini 3.8 Flash High and $0.27 with MiniMax-M3.1-Flash, so MiniMax-M3.1-Flash saves $1.23. A bigger example, summarising 1,000 documents of 8,000 tokens into 400-token summaries, costs $7.50 on Gemini 3.8 Flash High and $1.44 on MiniMax-M3.1-Flash: a gap of $6.06. On a 3:1 blend of input to output tokens, that works out to $1.50 versus $0.262 per million.
When they came out
Gemini 3.8 Flash High came first, on September 2, 2026; MiniMax-M3.1-Flash followed on October 19, 2026.
Speed and latency
Gemini 3.8 Flash High generates about 121 tokens per second and MiniMax-M3.1-Flash about 147 tokens per second. On long outputs, that is a real advantage for MiniMax-M3.1-Flash. Before any text appears, Gemini 3.8 Flash High takes 27 seconds and MiniMax-M3.1-Flash 1.0 seconds. MiniMax-M3.1-Flash gets to its first token 27 times as fast.
For a 1,000-token response, first token plus generation comes to roughly 36 seconds on Gemini 3.8 Flash High and 7.8 seconds on MiniMax-M3.1-Flash.
Overall capability: 1.7 points apart
Gemini 3.8 Flash High comes out ahead on the intelligence index, 30.8 to 29.1. The lead is visible but narrow, so it should not decide the choice on its own.
Among 109 active scored models, Gemini 3.8 Flash High sits 50th and MiniMax-M3.1-Flash 59th.
The catalogue does not yet split either model's score into coding and math indexes.
Cost per point of intelligence
Per point of intelligence index, Gemini 3.8 Flash High costs $0.049 of blended price per million tokens and MiniMax-M3.1-Flash $0.0090. MiniMax-M3.1-Flash delivers each index point for 81% less; whether Gemini 3.8 Flash High's extra 1.7 points are worth the premium depends on how often your tasks need them.

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