AI model comparison

MiniMax M3.1 Flash vs Step 5 Preview

Side by side comparison of MiniMax M3.1 Flash and Step 5 Preview on pricing, benchmark scores, context window, and more.

MiniMax-M3.1-Flash is a multimodal model from MiniMax. Compared with M3, it delivers significant improvements across multiple benchmarks, particularly in complex agentic tasks, coding, and cybersecurity.

Input / 1M
$0.15
Output / 1M
$0.60
Context
1M

Step 5 Preview is StepFun's flagship model for agentic work, built on a sparse Mixture-of-Experts architecture (27B active / 600B total parameters).

Input / 1M
$1
Output / 1M
$2.70
Context
1.05M

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At a glance

Quick verdict

How the two models stack up on the things people ask about most.

Lower price

minimax logo

MiniMax M3.1 Flash

5.6x cheaper for a typical chat

Higher intelligence score

stepfun logo

Step 5 Preview

43.7 vs 42.7 on Artificial Analysis

Larger context window

stepfun logo

Step 5 Preview

1.05M vs 1M tokens

Newer release

minimax logo

MiniMax M3.1 Flash

Released October 19, 2026

Benchmarks

Benchmark scores

Independent scores from Artificial Analysis. Higher is better.

Intelligence index

minimax logoMiniMax M3.1 Flash42.7
stepfun logoStep 5 Preview43.7

Coding index

minimax logoMiniMax M3.1 FlashNot available
stepfun logoStep 5 PreviewNot available

Agentic index

minimax logoMiniMax M3.1 FlashNot available
stepfun logoStep 5 PreviewNot available

Pricing

MiniMax M3.1 Flash vs Step 5 Preview API pricing

Per-token API rates. Cheaper option highlighted.

Metricminimax logoMiniMax M3.1 Flashstepfun logoStep 5 Preview
Input tokensPer 1M tokens$0.15$1
Output tokensPer 1M tokens$0.60$2.70
Cached input (read)Per 1M tokens$0.02$0.10
Cache writePer 1M tokensNot availableNot available

What it costs in practice

Estimated cost per 1,000 requests at standard rates. Coding and long-document figures also show the cost when the input is already cached.

Chat message

2K in, 500 out

minimax logoMiniMax M3.1 Flash$0.60
stepfun logoStep 5 Preview$3.35

Coding task

30K in, 4K out

minimax logoMiniMax M3.1 Flash$6.90$2.85 cached
stepfun logoStep 5 Preview$40.80$13.80 cached

Long document summary

150K in, 2K out

minimax logoMiniMax M3.1 Flash$23.70$3.45 cached
stepfun logoStep 5 Preview$155.40$20.40 cached

Specs

Context window and capabilities

How much each model can read, how much it can write, and what it accepts as input.

Metricminimax logoMiniMax M3.1 Flashstepfun logoStep 5 Preview
Context window1M tokens1.05M tokens
Max output524K tokens64K tokens
Input typesImage, Text, VideoImage, Text, Video
Output typesTextText
Reasoning effort levelsMax, Extra high, High, Medium, LowHigh, Medium, Low
Default reasoning effortMaxMedium
Release dateOctober 19, 2026October 8, 2026

Features

Supported features

API features available for each model.

Metricminimax logoMiniMax M3.1 Flashstepfun logoStep 5 Preview
Tool callingSupportedSupported
Structured outputsNot supportedSupported
JSON modeSupportedSupported
ReasoningSupportedSupported
TemperatureSupportedSupported
Stop sequencesNot supportedSupported
Deterministic seedNot supportedSupported
Verbosity controlNot supportedNot supported

Our take

MiniMax M3.1 Flash is 5.6x cheaper for a typical chat. Step 5 Preview scores higher on the Artificial Analysis Intelligence Index (43.7 vs 42.7). Step 5 Preview has the larger context window (1.05M vs 1M tokens). The right pick depends on your workload, so the quickest way to settle it is to send the same prompt to both and compare.

FAQ

Frequently asked questions

Is MiniMax M3.1 Flash or Step 5 Preview cheaper?

MiniMax M3.1 Flash is cheaper for a typical chat (2K input tokens and 500 output tokens). MiniMax M3.1 Flash costs $0.15 per 1M input tokens and $0.60 per 1M output tokens, while Step 5 Preview costs $1 per 1M input tokens and $2.70 per 1M output tokens.

Which has a bigger context window, MiniMax M3.1 Flash or Step 5 Preview?

Step 5 Preview supports up to 1.05M tokens of context, compared with 1M for MiniMax M3.1 Flash.

Is MiniMax M3.1 Flash smarter than Step 5 Preview?

On the Artificial Analysis Intelligence Index, MiniMax M3.1 Flash scores 42.7 and Step 5 Preview scores 43.7, putting Step 5 Preview ahead. Benchmarks don't capture everything, so the best test is running your own prompts through both.

Can I use MiniMax M3.1 Flash and Step 5 Preview at the same time?

Yes. Shortcut Chat sends one prompt to multiple models at once, so you can see MiniMax M3.1 Flash and Step 5 Preview answer side by side and keep the better response.

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Why choose? Ask both.

Send one prompt to MiniMax M3.1 Flash and Step 5 Preview at the same time. Compare the answers side by side and keep the best one.