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Closed SourceMiniMaxReleased 2026-10

MiniMax M3.1 Flash

MiniMax's cheap 1M-context multimodal model for agents and coding

Context window

1M

Input / 1M tokens

$0.15

Output / 1M tokens

$0.60

Provider

MiniMax

Cached input $0.015 per 1M; same rate at every context length. Context window reported by Artificial Analysis. MiniMax says open weights will be released later, with no date or license announced. · Data verified 2026-10-20

MiniMax M3.1 Flash (October 19, 2026) is a low-cost multimodal model for agents and coding from Chinese lab MiniMax, released after a preview codenamed "Space Bunny". It costs $0.15/$0.60 per million tokens, half the price of MiniMax M3, and scores 43 on the Artificial Analysis Intelligence Index. It is reported to be a 428B-parameter Mixture-of-Experts model; open weights are promised later.

Capability index

Relative estimates (0-100) to place this model against its peers, grounded in published benchmarks.

Coding
85
Reasoning
82
Math
82
Multimodal
78
Long context
90
Speed
85
Cost efficiency
96

How to access it

MiniMax API (model ID MiniMax-M3.1-Flash), MiniMax Code, or OpenRouter (minimax/minimax-m3.1-flash).

Strengths

  • ✓Low price for its capability ($0.15/$0.60 per 1M tokens)
  • ✓Strong agentic coding: 73.7% on DeepSWE v1.1 (MiniMax-reported)
  • ✓Artificial Analysis Intelligence Index 43
  • ✓Flat pricing across the full context window

Best for developers who...

Cost-sensitive coding agentsHigh-volume agent workloadsLong-context tasks without long-context surcharges

Benchmarks

BenchmarkScoreNotes
DeepSWE v1.173.7%MiniMax-reported
OSWorld V261.7MiniMax-reported
Artificial Analysis Intelligence Index43Third-party

Source: MiniMax blog

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