MiniMax

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Open weights model

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Released June 2026

MiniMax-M3 API Provider Benchmarking & Analysis

Model Comparison

This analysis is intended to support you in choosing the best API provider of MiniMax-M3 for your use-case.

Fastest

Inco (FAST)

528.4 t/s

Nebius (FP8)

346.0 t/s

Fireworks

183.6 t/s

CoreWeave (NVFP4)

168.8 t/s

Parasail (MXFP8)

142.0 t/s

Output speed

Total 13 providers

Lowest Latency

Inco (FAST)

5.35 s

Nebius (FP8)

7.23 s

Fireworks

11.82 s

CoreWeave (NVFP4)

12.89 s

Parasail (MXFP8)

15.20 s

Time to first answer token

Total 13 providers

Lowest Price

CoreWeave (NVFP4)

$0.18

GMI

$0.18

DeepInfra

$0.21

Parasail (MXFP8)

$0.22

Together AI

$0.22

Blended price (per 1M tokens)

Total 13 providers

MiniMax-M3 is available through 13 API providers, each offering different performance characteristics and pricing. Below is a comparison of the key metrics across providers.

For output speed, the top providers are Inco (FAST) (528.4 t/s), Nebius (FP8) (346.0 t/s), and Fireworks (183.6 t/s). Speed varies significantly across providers, with a 2199% difference between the fastest and slowest.
For latency, Inco (FAST) (5.35s), Nebius (FP8) (7.23s), and Fireworks (11.82s) offer the lowest time to first answer token.
For pricing, CoreWeave (NVFP4) (0.18), GMI (0.18), and DeepInfra (0.21) offer the lowest blended prices per 1M tokens. Prices vary up to 4.4x across providers.
Inco (FAST) offers the best performance with both the highest speed and lowest latency. For cost optimization, CoreWeave (NVFP4) provides the most competitive pricing.

Speed

Output tokens per second · Higher is better

Latency

Seconds to first answer token received · Lower is better

Price

USD per 1M tokens (blended) · Lower is better

Update: Default performance benchmarking workload has updated to 10k input tokens to better reflect production use cases. You can still select different workloads above.

Pricing

Pricing: Cache Hit, Input, and Output: MiniMax-M3 Providers

Price (USD per M Tokens) · Lower is better · 10,000 input tokens

Price per token for cached prompts (previously processed), typically offering a significant discount compared to regular input price, represented as USD per million tokens. The values shown here are the cache hit price; cache write and cache storage are billed separately and vary by provider — see "Cache pricing by provider" for detail.

Cost per Intelligence Index Task: MiniMax-M3 Providers

Weighted average cost (USD) per Intelligence Index task · Segmented by token type · Lower is better

Weighted average cost per Intelligence Index task. Each evaluation’s cost is calculated from input, cache hit, cache write, reasoning, and answer token prices, divided by task count, and weighted by its Intelligence Index weight.

Output Speed vs. Price: MiniMax-M3 Providers

Blended at 7:2:1 (cache-input-output) · Output speed: output tokens per second · USD per 1M tokens (blended)

Most attractive quadrant

Pareto line

Tokens per second received while the model is generating tokens (ie. after first chunk has been received from the API for models which support streaming).

Speed

Measured by Output Speed (tokens per second)

Output Speed: MiniMax-M3

Output speed: output tokens per second · 10,000 input tokens

Tokens per second received while the model is generating tokens (ie. after first chunk has been received from the API for models which support streaming).

Figures represent performance of the model's first-party API or the median across providers where a first-party API is not available.

Time per Intelligence Index Task: MiniMax-M3 Providers

Weighted average decode time (minutes) per Intelligence Index task · Excludes TTFT and overhead time · Lower is better

The weighted average time (seconds) per Artificial Analysis Intelligence Index task. This is calculated by dividing output tokens per task by output speed, weighted by the relative weights of each benchmark in the Intelligence Index.

Cost per Task vs. Time per Task: MiniMax-M3 Providers

Weighted average cost (USD) per Intelligence Index task · Weighted average decode time (minutes) per Intelligence Index task

Most attractive quadrant

Pareto line

Latency

Measured by Time (seconds) to First Token

Time to First Answer Token: MiniMax-M3 Providers

Seconds to first token received · Lower is better · 10,000 input tokens

Time to first answer token received, in seconds, after API request sent. For reasoning models, this includes the 'thinking' time of the model before providing an answer. For models which do not support streaming, this represents time to receive the completion.

Figures represent median (P50) measurement over the past 72 hours to reflect sustained changes in performance.

Cache Behaviour

Cache Hit Rate: MiniMax-M3 Providers

Share of cacheable input tokens served from cache · Median of the last four weeks, updated Sep 26, 2026

The share of cacheable input tokens served from the provider's prompt cache, measured during multi-turn agentic coding sessions. We regularly measure each endpoint and report a representative rate based on recent measurements. Higher values mean more of the input is billed at the cheaper cache-hit price, where the provider offers one, which lowers the effective cost of agentic workloads. For further details, see our methodology page.

Cost per Task vs. Cache Hit Rate: MiniMax-M3 Providers

Weighted average cost (USD) per Intelligence Index task · Cache hit rate: median of the last four weeks, updated Sep 26, 2026

Most attractive quadrant

Pareto line

End-to-End Response Time

Seconds to output 500 tokens, calculated based on time to first token, 'thinking' time for reasoning models, and output speed

End-to-End Response Time: MiniMax-M3 Providers

Seconds to output 500 tokens, including reasoning model 'thinking' time · Lower is better · 10,000 input tokens

Seconds to receive a 500 token response. Key components:

Input time: Time to receive the first response token
Thinking time (only for reasoning models): Time reasoning models spend outputting tokens to reason prior to providing an answer. Amount of tokens based on the average reasoning tokens across a diverse set of 60 prompts (methodology details).
Answer time: Time to generate 500 output tokens, based on output speed

Key Comparison Metrics & API Features



Parasail	1M	Open	$0.46	130	1.13	20.37	15.40
CoreWeave	262k	Open	--	146	1.03	18.18	13.72
Together AI	1M	Open	$0.58	87	0.83	29.68	23.07
Novita	1M	Open	$0.46	91	1.99	29.37	21.90
Inco	1.05M	Open	$0.90	450	1.57	7.13	4.45
Modular	1M	Open	$0.46	121	0.91	21.58	16.54
Nebius	1.05M	Open	$0.51	324	1.46	9.18	6.18
SiliconFlow	1M	Open	$0.45	90	1.64	29.55	22.33
MiniMax	512k	Open	$0.51	85	1.49	30.91	23.54
DeepInfra	524k	Open	$0.44	23	0.83	108.18	85.88
GMI	1.05M	Open	--	93	1.48	28.34	21.49
SambaNova	1.05M	Open	$3.83	132	3.21	22.17	15.16
Fireworks	524k	Open	$0.50	152	0.97	17.39	13.14

Frequently Asked Questions

Common questions about MiniMax-M3 providers

MiniMax-M3 is available through 13 API providers: Parasail (MXFP8), CoreWeave (NVFP4), Together AI, Novita, Inco (FAST), Modular, Nebius (FP8), SiliconFlow (FP8), MiniMax, DeepInfra, GMI, SambaNova, and Fireworks. Each provider offers different performance characteristics and pricing.

MiniMax-M3 is currently available through 13 API providers that we benchmark and track.

The fastest providers for MiniMax-M3 by output speed are Inco (FAST) (528.4 t/s), Nebius (FP8) (346.0 t/s), and Fireworks (183.6 t/s). Output speed measures how quickly tokens are generated after the model starts responding.

The providers with the lowest time to first answer token for MiniMax-M3 are Inco (FAST) (5.35s), Nebius (FP8) (7.23s), and Fireworks (11.82s). Lower latency means faster initial response time.

The most affordable providers for MiniMax-M3 by blended price are CoreWeave (NVFP4) ($0.18 per 1M tokens), GMI ($0.18 per 1M tokens), and DeepInfra ($0.21 per 1M tokens). Blended price uses a 7:2:1 cache hit/input/output token ratio.

The providers with the lowest input token pricing for MiniMax-M3 are CoreWeave (NVFP4) ($0.23 per 1M input tokens), GMI ($0.24 per 1M input tokens), and DeepInfra ($0.28 per 1M input tokens).

The providers with the lowest output token pricing for MiniMax-M3 are CoreWeave (NVFP4) ($0.96 per 1M output tokens), GMI ($0.96 per 1M output tokens), and DeepInfra ($1.10 per 1M output tokens).

Prices for MiniMax-M3 vary up to 4.4x across providers. The most affordable is CoreWeave (NVFP4) at $0.18 per 1M tokens, while SambaNova charges $0.78 per 1M tokens.

Output speed for MiniMax-M3 varies significantly across providers. Inco (FAST) is the fastest at 528.4 t/s, which is 23.0x faster than DeepInfra at 23.0 t/s.

All 13 providers of MiniMax-M3 support JSON mode for structured output.

All 13 providers of MiniMax-M3 support function calling (tool use).

For MiniMax-M3, Inco (FAST) offers the best performance with highest speed and lowest latency. For cost optimization, CoreWeave (NVFP4) provides the most competitive pricing.

When choosing a provider for MiniMax-M3, consider: output speed (for throughput-intensive tasks), latency (for interactive applications requiring quick first responses), pricing (for cost-sensitive workloads), and API features like JSON mode or function calling.

Yes, provider performance can vary over time due to infrastructure changes, load balancing, and updates. We continuously benchmark all providers and display historical performance trends in the "Over Time" charts.

For information about MiniMax-M3's intelligence, capabilities, modalities, and how it compares to other models, see the model overview page. View model overview

MiniMax-M3 API Provider Benchmarking & Analysis

Fastest

Lowest Latency

Lowest Price

Speed

Latency

Price

Pricing

Pricing: Cache Hit, Input, and Output: MiniMax-M3 Providers

Cache Hit

Cost per Intelligence Index Task: MiniMax-M3 Providers

Cost per Intelligence Index Task

Output Speed vs. Price: MiniMax-M3 Providers

Output Speed

Speed

Output Speed: MiniMax-M3

Output Speed

Model Performance Representation

Time per Intelligence Index Task: MiniMax-M3 Providers

Time per Intelligence Index Task

Cost per Task vs. Time per Task: MiniMax-M3 Providers

Cost per Intelligence Index Task

Latency

Time to First Answer Token: MiniMax-M3 Providers

Time to First Answer Token

Median

Cache Behaviour

Cache Hit Rate: MiniMax-M3 Providers

What Cache Hit Rate Shows

Cost per Task vs. Cache Hit Rate: MiniMax-M3 Providers

Cost per Intelligence Index Task

End-to-End Response Time

End-to-End Response Time: MiniMax-M3 Providers

End-to-End Response Time

Key Comparison Metrics & API Features

Frequently Asked Questions

Where can I access MiniMax-M3?

How many API providers offer MiniMax-M3?

Which provider is fastest for MiniMax-M3?

Which provider has the lowest latency for MiniMax-M3?

Which provider is cheapest for MiniMax-M3?

Which provider has the lowest input price for MiniMax-M3?

Which provider has the lowest output price for MiniMax-M3?

How much do prices vary across MiniMax-M3 providers?

How much does speed vary across MiniMax-M3 providers?

Which MiniMax-M3 providers support JSON mode?

Which MiniMax-M3 providers support function calling?

Which is the best provider for MiniMax-M3?

How do I choose a provider for MiniMax-M3?

Does provider performance for MiniMax-M3 change over time?

What are the overall capabilities of MiniMax-M3?