On the headline score, Thinking Machines's Inkling 2 Small and MiniMax's MiniMax-M3.1-Flash are almost level. Cost is where they split the most, with MiniMax-M3.1-Flash working out at about 55% of Inkling 2 Small's blended rate. All numbers are the catalogue's recorded values; nobody ran either model by hand for this page.
What they cost
The list prices are $0.30 in and $1.00 out for Inkling 2 Small, and $0.15 in and $0.60 out for MiniMax-M3.1-Flash, per million tokens. Inkling 2 Small costs 1.7 times as much per output token.
Take 1 million input tokens and 200,000 output tokens: that comes to $0.50 on Inkling 2 Small and $0.27 on MiniMax-M3.1-Flash. For writing 2,000 drafts of 2,000 output tokens from 300-token prompts, MiniMax-M3.1-Flash would come in 40% lower: $4.18 for Inkling 2 Small against $2.49 for MiniMax-M3.1-Flash.
Release timing
Inkling 2 Small arrived on November 5, 2026, 17 days after MiniMax-M3.1-Flash (October 19, 2026). That is close enough to count them as the same generation.
The headline benchmark
Inkling 2 Small records 30.6 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, Inkling 2 Small scores 5% higher.
Among 109 active scored models, Inkling 2 Small sits 52nd 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, Inkling 2 Small costs $0.016 of blended price per million tokens and MiniMax-M3.1-Flash $0.0090. Inkling 2 Small costs 1.7 times as much per point, which is the price of its lead.
Waiting time
Measured output speed is 139 tokens per second for Inkling 2 Small and 147 tokens per second for MiniMax-M3.1-Flash. There is little to choose between them on raw output speed. Before any text appears, Inkling 2 Small takes 2.2 seconds and MiniMax-M3.1-Flash 1.0 seconds. In an interactive app, MiniMax-M3.1-Flash will feel noticeably more responsive.
For a 600-token response, first token plus generation comes to roughly 6.6 seconds on Inkling 2 Small and 5.1 seconds on MiniMax-M3.1-Flash.

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