MiniMax M3
MiniMax's sparse MoE release positioned around cheap agentic throughput, with interleaved thinking on by default and a listed API price well under a dollar per million input tokens.
MiniMax M3 is available on MiniRouter as . The model page has current pricing, provider routes and API setup.
About the model
- Price: $0.40 / $1.60. Per 1M input / output tokens per the announcement
- Weights: Planned. MiniMax says weights will follow the launch
- Thinking: Always on. Interleaved thinking runs by default; no off switch in v1
- Context: 200K. Per the announcement's spec table
Publisher pricing
Pricing below comes from the linked publisher sources and does not represent a MiniRouter route or price.
| Phase | Input / 1M | Output / 1M | Blended / 1M | Effective | Source |
|---|---|---|---|---|---|
| Standard | $0.40 | $1.60 | $0.70 | Aug 9, 2026 – open-ended | MiniMax ↗ |
Publisher-reported benchmarks
Results from the publisher’s announcement, grouped by unit.
| Benchmark | Reported result | Reported by | As of | Source |
|---|---|---|---|---|
| DeepSWE v1.1 | 61.2% | MiniMax | Aug 9, 2026 | Announcement ↗ |
| SWE-Bench Pro | 58.2% | MiniMax | Aug 9, 2026 | Announcement ↗ |
| Terminal Bench 3.0 | 31.5% | MiniMax | Aug 9, 2026 | Announcement ↗ |
| GPQA Diamond | 85.1% | MiniMax | Aug 9, 2026 | Announcement ↗ |
MiniMax reports the benchmark figures; MiniRouter has not reproduced them.
Independent measurements
Artificial Analysis evaluations of the first-party API.
MiniMax-M3 ranks #49 of 462 model families on their Intelligence Index.
- Intelligence Index
- 29.2
- Composite of their evaluations
- Coding Index
- 58.6
- Coding evaluations only
- Blended price
- $0.53
- USD per 1M tokens, 3:1 input to output, first-party list
- Output speed
- 129
- Median tokens per second
- First answer token
- 16s
- Median seconds, including reasoning
MiniMax-M3 on Artificial Analysis ↗
Source: Artificial Analysis ↗, read Sep 21, 2026. Measured on the model's first-party API, not a MiniRouter route.
Keep exploring
Compare published results in the model rankings and coding benchmarks, or read more model releases.
For MiniRouter product updates, visit the changelog.
Sources
- Read at MiniMax ↗
MiniMax announcement
Published Aug 9, 2026
- Read at Artificial Analysis ↗
Artificial Analysis model page
Published Sep 21, 2026
Editorial reference revised 2026-10-23. Catalog status comes from the generated routing snapshot.