MiniMax M3 — API Pricing & Benchmarks
MiniMax M3 is MiniMax's flagship reasoning model, released in 2026-06. The API costs $0.30 per 1M input tokens and $1.20 per 1M output tokens ($0.52 blended at a 3:1 ratio), with cached input at $0.06. It supports a 1M-token context window. On the independently measured Artificial Analysis Intelligence Index it scores 45.4, ranking #34 of 68 models tracked on this site, with a median output speed of 85 tokens/sec.
Explore provider routes and additional benchmark sources for MiniMax M3
| Provider | MiniMax |
| Input price / 1M tokens | $0.30 |
| Output price / 1M tokens | $1.20 |
| Cached input / 1M tokens | $0.06 |
| Blended price (3:1) | $0.52 |
| Context window | 1M |
| Max output tokens | 131K |
| Knowledge cutoff | — |
| License | open weights |
| Input modalities | T+I+V |
| Output speed (tok/s) | 85 |
| Released | 2026-06 |
| Artificial Analysis Intelligence Index | 45.4 |
| LMArena Elo | 1435 |
| GPQA Diamond | 92.9% |
| SWE-bench Verified | 80.5% |
| Humanity's Last Exam | 39% |
| MMMU | 78.1% |
Where MiniMax M3 fits
On a blended 3:1 basis MiniMax M3 costs $0.52 per 1M tokens, cheaper than 79% of the 80 priced models in this index. As MiniMax's flagship it is aimed at the hardest workloads — complex reasoning, agentic coding and multi-step tool use — where output quality dominates cost. The weights are open, so it can be self-hosted for data-residency or cost reasons instead of consumed via API. Cached input is priced at $0.06 (80% below standard input), which rewards prompt structures with long stable prefixes — see our caching guide.
Price history
| Period | Input $/1M | Output $/1M | Cached $/1M |
|---|---|---|---|
| 2026-07-18 → current | $0.30 | $1.20 | $0.06 |
No list-price changes recorded since tracking began. Full dataset: price-history.json (CC BY 4.0).
Alternatives at a similar price
- MiniMax M2.7 (MiniMax) — $0.52/1M blended, AA Index 38.9
- Solar Pro 4 (Upstage) — $0.52/1M blended, AA Index 41.6
- Gemini 3.1 Flash-Lite (Google) — $0.56/1M blended, AA Index 25.6
- Qwen3.6-Flash (Alibaba Qwen) — $0.56/1M blended
About MiniMax
MiniMax ships open-weights M-series models that undercut most of the market: its flagship M3 costs less than many providers' small models while posting mid-tier benchmark scores.