MiniMax-M3 and MiniMax-M3.1-Flash share a maker, MiniMax, but not a price sheet or a benchmark profile. The headline gap is on the intelligence index, where MiniMax-M3.1-Flash scores 29.1 and MiniMax-M3 18.9. All numbers are the catalogue's recorded values; nobody ran either model by hand for this page.
MiniMax-M3.1-Flash leads on the intelligence index
MiniMax-M3 records 18.9 on the intelligence index and MiniMax-M3.1-Flash records 29.1. This is a substantial lead, not a near miss.
For context, that places MiniMax-M3 79th and MiniMax-M3.1-Flash 59th out of 109 scored models still on offer.
For coding or maths work specifically, the catalogue has no dedicated index on either side yet.
Generation gap
The release dates are June 1, 2026 for MiniMax-M3 and October 19, 2026 for MiniMax-M3.1-Flash, about 5 months apart.
How fast they respond
MiniMax-M3 generates about 121 tokens per second and MiniMax-M3.1-Flash about 147 tokens per second. MiniMax-M3.1-Flash is ahead by 22% on throughput. Before any text appears, MiniMax-M3 takes 0.82 seconds and MiniMax-M3.1-Flash 1.0 seconds. So the two pull in opposite directions, with MiniMax-M3 quicker off the mark and MiniMax-M3.1-Flash quicker once it gets going; the crossover is around 150 tokens.
Add the two numbers up for a 400-token reply and MiniMax-M3.1-Flash finishes first: 4.1 seconds for MiniMax-M3, 3.7 seconds for MiniMax-M3.1-Flash.
Price per token
Per million tokens, MiniMax-M3 charges $0.30 for input and $1.20 for output, while MiniMax-M3.1-Flash charges $0.15 and $0.60. For output tokens, MiniMax-M3 is twice the price of MiniMax-M3.1-Flash.
A reference job of 1 million input tokens and 200,000 output tokens costs $0.54 with MiniMax-M3 and $0.27 with MiniMax-M3.1-Flash, so MiniMax-M3.1-Flash saves $0.27. Scale it up to a month of coding-assistant traffic at 30 million input and 3 million output tokens and the bill is $12.60 for MiniMax-M3 against $6.30 for MiniMax-M3.1-Flash. Blended at three input tokens per output token, the effective rates are $0.525 for MiniMax-M3 and $0.262 for MiniMax-M3.1-Flash.
Is the price in proportion?
Per point of intelligence index, MiniMax-M3 costs $0.028 of blended price per million tokens and MiniMax-M3.1-Flash $0.0090. MiniMax-M3.1-Flash scores higher and costs less per point, so on price per point there is nothing to trade off.

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