There is very little daylight between GLM-5.3-Flash (Z AI) and MiniMax-M3.1-Flash (MiniMax) on the overall index. MiniMax-M3.1-Flash streams output at about 147 tokens per second, 2.6 times the rate of GLM-5.3-Flash. All numbers are the catalogue's recorded values; nobody ran either model by hand for this page.
MiniMax-M3.1-Flash is the faster writer
GLM-5.3-Flash generates about 56 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. Time to first token is 1.6 seconds for GLM-5.3-Flash and 1.0 seconds for MiniMax-M3.1-Flash. GLM-5.3-Flash waits 1.6 times as long before its first token.
Put together, an 800-token answer would take about 16 seconds from GLM-5.3-Flash and 6.5 seconds from MiniMax-M3.1-Flash, counting the first-token wait.
Running costs
The list prices are $0.15 in and $0.50 out for GLM-5.3-Flash, and $0.15 in and $0.60 out for MiniMax-M3.1-Flash, per million tokens. For output tokens, MiniMax-M3.1-Flash is 1.2 times the price of GLM-5.3-Flash.
Take 1 million input tokens and 200,000 output tokens: that comes to $0.25 on GLM-5.3-Flash and $0.27 on MiniMax-M3.1-Flash. For writing 2,000 drafts of 2,000 output tokens from 300-token prompts, GLM-5.3-Flash would come in 16% lower: $2.09 for GLM-5.3-Flash against $2.49 for MiniMax-M3.1-Flash. Blended at three input tokens per output token, the effective rates are $0.238 for GLM-5.3-Flash and $0.262 for MiniMax-M3.1-Flash.
Overall capability: 1.3 points apart
GLM-5.3-Flash records 27.8 on the intelligence index and MiniMax-M3.1-Flash records 29.1. It is a small margin for an index that averages many evaluations. In relative terms, MiniMax-M3.1-Flash scores 5% higher.
Among 109 active scored models, GLM-5.3-Flash sits 63rd and MiniMax-M3.1-Flash 59th.
Neither model has a separate coding or math index recorded yet, so those narrower comparisons will have to wait for more data.
Release timing
GLM-5.3-Flash came first, on August 26, 2026; MiniMax-M3.1-Flash followed on October 19, 2026.
Value for money
Per point of intelligence index, GLM-5.3-Flash costs $0.0085 of blended price per million tokens and MiniMax-M3.1-Flash $0.0090. On that measure they are priced in proportion to their scores.

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