Here is how MiniMax-M3.1-Flash, built by MiniMax, lines up against Qwen3.8 Max (0902) from Alibaba. Everything below is read from the benchmark, price and speed data in Franklin AI's catalogue; nothing here comes from a hands-on test. The clearest gap is on the bill: Qwen3.8 Max 0902 is 11 times the blended price of MiniMax-M3.1-Flash.
Token pricing and a sample bill
The list prices are $0.15 in and $0.60 out for MiniMax-M3.1-Flash, and $2.00 in and $6.00 out for Qwen3.8 Max 0902, per million tokens. That makes MiniMax-M3.1-Flash's output 90% cheaper.
For a sample workload of 1 million input tokens and 200,000 output tokens, MiniMax-M3.1-Flash would cost $0.27 and Qwen3.8 Max 0902 $3.20, a difference of $2.93. Scale it up to an agent that reads 50 million tokens and writes 5 million in a month and the bill is $10.50 for MiniMax-M3.1-Flash against $130 for Qwen3.8 Max 0902. On a 3:1 blend of input to output tokens, that works out to $0.262 versus $3.00 per million.
How fast they respond
MiniMax-M3.1-Flash generates about 147 tokens per second and Qwen3.8 Max 0902 about 38 tokens per second. MiniMax-M3.1-Flash is ahead by 284% on throughput. Before any text appears, MiniMax-M3.1-Flash takes 1.0 seconds and Qwen3.8 Max 0902 3.2 seconds. In an interactive app, MiniMax-M3.1-Flash will feel noticeably more responsive.
Put together, a 400-token answer would take about 3.7 seconds from MiniMax-M3.1-Flash and 14 seconds from Qwen3.8 Max 0902, counting the first-token wait.
When they came out
MiniMax-M3.1-Flash arrived on October 19, 2026, about 2 months after Qwen3.8 Max 0902 (September 2, 2026).
Overall capability: 4.6 points apart
On the intelligence index, MiniMax-M3.1-Flash scores 29.1 against 33.7 for Qwen3.8 Max 0902. It is a meaningful gap rather than a rounding difference. Put another way, MiniMax-M3.1-Flash would need 16% more on this index to draw level.
Among 109 active scored models, MiniMax-M3.1-Flash sits 59th and Qwen3.8 Max 0902 44th.
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, MiniMax-M3.1-Flash costs $0.0090 of blended price per million tokens and Qwen3.8 Max 0902 $0.089. So Qwen3.8 Max 0902 buys its higher score at a premium, while MiniMax-M3.1-Flash is the value pick, paying 90% less per point.

Comments (0)
to join the discussion
No comments yet
Be the first to share your thoughts!